RAKEZ Company Formation

RAKEZ Company Formation | Ras Al Khaimah Economic Zone

RAKEZ Company Formation – Introduction

Ras Al Khaimah Economic Zone (RAKEZ) was established by the Government of the UAE Emirate of Ras Al Khaimah (RAK) in 2017.

RAKEZ has grown to become one of the largest economic zones in the region and a major industrial center and corporate hub. It supports entrepreneurs, startups, SMEs and industrialists with its world-class business setup processes and facilities.

It is a business licensing body that provides both free zone and non-free zone companies in a global community with tailored solutions for UAE company formations.

RAKEZ acts as a gateway to global trade, allowing businesses to conduct operations responsibly and safely while adhering to all relevant regulations and global best practices. It is dedicated to fulfilling its mission of empowering investors by providing a world-class, reasonably priced economic zone with cutting-edge facilities, customizable packages and services.

RAKEZ serves as a vibrant hub for over 30,000 companies spanning from over 50 different industries and from over 100 different nations.

Thanks to its advantageous location, RAKEZ offers investors access to the expanding markets in South and Central Asia, the Middle East, North Africa and Europe.

Why Choose RAKEZ for RAK Company Formation?

With RAKEZ, establishing a business in the UAE has become more straightforward than ever. Regardless of whether you are an entrepreneur, a freelancer, or you want to open a small to medium-sized enterprise or a large industrial company, there are various solutions tailored to meet your needs.

See below the advantages of investing in RAKEZ:

100% company foreign ownership;
Free zone and non-free zone entity formations;
Fast, cost-effective and efficient business set-up processes and packages;
One-Stop hassle-free shop for all government services providing efficiency in services;
Self-service client portal;
Wide-ranging, modern, customized business and industrial facilities with tailor-made packages;
Land available for lease for industrial activities;
Provision to build on-site staff and labour accommodation;
Connectivity to major logistical hubs;
Accessibility via an international spread of regional offices, access to wide range of industries and business activities;
Easy access to markets across MENA, Europe and Asia;
Networking with high profile clients – 30,000 investors in >50 sectors from over 100 countries;

RAKEZ Client Services

RAKEZ offers its investors a wide range of services, such as:

New company formation services;
Secretarial and business centre services;
One-stop Shop for all government services;
Licensing and Renewals:
- License renewal
- License cancellation and de-registration
- License and corporate amendments
- Supportive licensing templates
- Portal 360 related documents
Leasing services:
- Expanding / downsizing
- Recruitment of staff
- Accommodation for labour workforce

RAKEZ Business Licenses

RAKEZ offers its clients a wide variety of business licenses that cover many activities. Clients must choose what activities their companies will engage in before applying for a business license.

Listed below are the various types of business licenses available at RAKEZ:

License	Business activity	Free Zone	Non-Free Zone
Commercial	Trading of goods and services	✔	✔
Industrial	Manufacturing, importing, exporting and packaging of products	✔	✔
General Trading	Trading of multiple goods	✔	X
E-Commerce	Trading of goods and services electronically	✔	X
Media	Media-related activities	✔	X
Individual / Professional	One owner with one business activity	✔	X
Professional	Provision of professional services	X	✔
Service	Provision of specialized services for any industry	✔	X
Freelancer Permit	IT, media, education etc. analysts	✔	X
Educational	Educational institution or consultancy business	✔	X

Contact our experienced team for advice and guidance as well as to provide you with all the information you need for the most suitable company setup for you

RAKEZ Dual License

The RAKEZ Dual License allows investors to carry out more than one business activity. Therefore it allows for the combination of professional and commercial operations under a single business license. Individuals can utilise this to operate their businesses in the United Arab Emirates, bothon the mainland and in the free zones. Both a UAE free zone business license and a UAE free zone company branch business license are included in the RAKEZ dual business license.

Mazeed Services

A variety of competitively priced, first-class, value-added services are provided at RAKEZ to assist clients, such as:

Recruitment	Search and screening of candidates who fit clients’ requirements
Attestation	Attestation of legal documents in the UAE (MOFA) as well as at the embassies of various countries
Emirates Post	Registration / renewal of P O boxes
Creative & Printing	Company stamps, logos, business cards, letterheads and other corporate / promotional materials
Translation	Legal translations
Typing	Assistance with typing of online forms as well as employment contracts / letters etc
Car rental	A variety of vehicles at competitive, discounted rates
Insurance	Personal and business insurance cover
Logistics	Courier services
Procurement support	Office furniture/equipment
Transportation	Pick-up and drop-off at airports, entry permit deliveries, document collection / delivery etc
Other	Hotel reservations, flower delivery, car rental etc

RAKEZ Visa Services

Golden Visa

The UAE Golden Visa is a long-term residency programme that is valid for 10 years. It was created to draw in and keep top people, such as investors, business owners, scholars, students and experts in important domains. Without requiring a UAE citizen sponsor, it enables holders and their families (spouse and kids) to live, work and study in the UAE, while taking advantage of special perks. The Golden Visa is available to individuals who have shown outstanding talent, innovation, or made significant contributions in their field, provided they meet the program’s eligibility requirements.

Green Visa

The Green Visa offers a long-term residency option with outstanding benefits for investors and their family members without the need for employer or UAE national sponsorship. Valid for five years, it enables investors to sponsor their sons up to the age of 25 and unmarried daughters regardless of age, ensuring greater flexibility and security for their dependents.

Tailored for professionals, investors, and business partners, the Green Visa is designed to address diverse needs and empower individuals to live and work independently in the UAE.

RAKEZ Company Formation Process

Both free zone and non-free zone entity structures are available when establishing a business in the UAE using RAKEZ.

RAKEZ’s streamlined and expedited business setup procedures can have companies operational within a few days.

RAKEZ Company Formation Process

RAKEZ company formation involves a 3 step process:

Selection of business package	Selection of suitable legal entity, license type and facility, basic package or all-inclusive package
Submission of application and relevant documentation	Completion and submission of application together with all relevant documentation, including valid passport and Visa/Emirates ID (the latter being applicable for UAE residents)
Receipt of business license	Issuing and receipt of license, registration set and bank letter, prior to the visa application process

RAKEZ Zones

RAKEZ has six dedicated zones that cater to all business requirements:

Al Hamra Industrial Zone	An ideal option for light industries and heavy industrial projects.
Al Hamra Business Zone	With convenient access to commercial establishments, logistical hubs and leisure / residential projects
Al Ghail Industrial Zone	An ideal option for investors seeking to establish large-scale industrial manufacturing companies.
RAKEZ Academic Zone	For qualified international educational institutions and service providers in the academic and professional development fields
Al Hulaila Industrial Zone	Ideal for heavy industrial manufacturing
Al Nakheel Business Zone	World-class business centres ideal for startup companies, entrepreneurs, freelancers and SME’s

RAKEZ Facilities

Compass Coworking Centre

The Compass Coworking Centre at RAKEZ is ideal for startup companies, freelancers and entrepreneurs. It offers:

Open workspaces;
Shared and dedicated desks;
Fully serviced packages;
Daily / weekly / monthly or yearly memberships;
Conference room & printing facilities;
24/7 access, guest access passes;
High speed WIFI;
Availability of enjoyable and fun spaces plus quiet areas;
Priority access for events and seminars;
On-site business support;
Storage facilities.

Cost: from 50 AED per day or 500 AED per month

Private Offices

There are private office spaces that are ideal for SME’s as well as Executive offices that are ideal for growing companies with the need to accommodate more employees:

Offices for 1-6 people;
Fully serviced and furnished offices;
Monthly or yearly memberships;
Conference room & printing facilities;
24/7 access, guest access passes;
High speed WIFI;
Availability of enjoyable and fun spaces plus quiet areas;
Priority access for events and seminars;
On-site business support;
Storage facilities.

Cost: from 800 AED per month

Conference Rooms

Wide range of meeting room options from 4 to 16 people;
Coffee break and catering packages;
24/7 booking service;
High speed WIFI;
Video & audio conference facilities;
On-site business support;
Options to include stationery, flowers, administration services.

Event Spaces

Outdoor and indoor event spaces;
Many event layout options;
24/7 booking service;
Food & beverage option packages;
On-site business support;
Options to include many different support services;
High speed WIFI;
Video and audio equipment;

Shell and Core Offices

Undeveloped office facilities to be fully customised according to the client’s specific needs.

Advantages of RAKEZ Office Space

Office space and equipment tailor-made for clients’ needs;
Fully furnished and equipped office space;
Competitive rates;
Rent inclusive of utilities;
Advanced IT / telecommunications systems;
Modern business centre services (courier service, administrative, mail, post office, cleaning etc);
Postal address;
24/7 access;
Car parking;

Warehouses

State-of-the-art, customizable warehouses in different sizes near to airports and seaports. See below the advantages of RAKEZ warehouses:

Different sizes of warehouses available with possibility of extension;
Flexible leases – yearly or shorter leases;
Near seaports and airports with easy highway access to Dubai;
Near the Government Departments;
Onsite labour and staff housing;
Easy access for loading, unloading and cargo handling facilities;
24/7 security;
Car parking.

RAKEZ Plots of Land

There are large areas of land that are ideal for large-scale industrial projects, on which facilities can be built. See below the advantages of RAKEZ plots of land: