Set Up Your Company with (RAKEZ)
Ras Al Khaimah Economic Zone
Ras Al Khaimah Economic Zone (RAKEZ) is a prominent UAE investment hub, formed by consolidating RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). RAKEZ offers tailored business solutions for various entities, including freelancers, startups, SMEs, and industrialists. With over 50 thriving industries, RAKEZ fosters a diverse community. It combines rich local culture, scenic landscapes, and modern infrastructure, ensuring a business-friendly environment. Supported by reputable credit rating agencies, RAKEZ prioritizes safety and stability, making it an ideal choice for investors seeking a secure business environment.
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Advantages of Setting Up Your Business in RAKEZ
Foreign Ownership
RAKEZ enables full ownership, bypassing the need for a UAE local partner owning 51% and easing entry for non-locals.
Easy Business Setup
Setting up a business in RAKEZ is streamlined with support from consultants like Firmz, ensuring efficient processes and visa acquisition.
Cost-Efficient, High-Quality Environment
RAKEZ stands out as a cost-effective economic zone, perfect for launching a new business in the UAE, with affordable living costs.
Connectivity to Local and International Markets
The Ras Al Khaimah Free Zone is strategically located, facilitating trade between East and West, with access to major logistical hubs.
Wide Range of Business Opportunities
The Ras Al Khaimah Free Zone provides diverse business activities such as manufacturing, pharmaceuticals, importing, exporting, food industries, and robotics.
Cost of Setting Up Your Company in RAKEZ
Establishing your company in RAKEZ begins at a mere AED 5,499.
Kindly be advised that this rate may fluctuate based on your business activities, shareholder count, office space requirements, and other factors.
Explore Monthly Payment Plans with Selected Banks
Steps
- Make a minimum purchase of AED 1,000 using your credit card for any services provided by Firmz.
- Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
- Get the option of paying over 3, 6, 9 or 12 months
Types of Licenses Offered by the Ras Al Khaimah Economic Zone
RAKEZ provides following trade licenses, each with distinct limitations on operations within the free zone and non-free zone regions.
Requirements for Obtaining a RAKEZ License
Setting up your business in Ras Al Khaimah Free Trade Zone is straightforward! You only need to meet specific requirements tailored to your company’s needs and setup preferences.
Important Information and Who We Are
Free Zone FZ-LLC
- Registration & Licensing Application
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Business Plan (only for specific activity)
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Non-Free Zone IE or LLC
- Registration & Licensing Application
- Chamber of Commerce Membership Application
- Department of Economic Development Registration
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Business Plan (only for specific activity)
- Colored Passport Copy of Shareholders, GM, Director (if applicable)
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Corporate Entities
Free Zone UAE Branch
- Registration & Licensing Application
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Commercial Register
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Free Zone Foreign Branch
- Registration & Licensing Application
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Commercial Register
- Certificate of Registration
- Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Non-Free Zone UAE Branch
- Registration & Licensing Application
- Chamber of Commerce Membership Application
- Department of Economic Development Registration
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Commercial Register
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Non-Free Zone Foreign Branch
- Registration & Licensing Application
- Chamber of Commerce Membership Application
- Department of Economic Development Registration
- Visa Copy or Entry Stamp of Shareholders, GM, & Director (if applicable)
- Original No Objection Certificate for Shareholder(s)/GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Business Plan (only for specific activity)
- Copy of Valid Trade License
- Memorandum & Articles of Association
- Commercial Register
- Certificate of Registration
- Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
- Certificate of Incumbency
- Emirates ID Copy of Shareholders, GM (if applicable)
- UBO Declaration Form & Passport Copy
Branches
Free Zone UAE Branch
- Application for Registration and Licensing of a Branch Entity
- Business Plan (only for specific activity)
- Colored Passport Copy of GM, Director (if applicable)
- Commercial Register
- Copy of Valid Trade License
- Emirates ID Copy of Shareholders, GM (if applicable)
- Memorandum & Articles of Association
- Original No Objection Certificate for GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- UBO Declaration Form & Passport Copy
- Visa Copy or Entry Stamp of GM, Director (if applicable)
Free Zone Foreign Branch
- Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
- Certificate of Registration
- Application for Registration and Licensing of a Branch Entity
- Business Plan (only for specific activity)
- Colored Passport Copy of GM, Director (if applicable)
- Copy of Valid Trade License
- Emirates ID Copy of Shareholders, GM (if applicable)
- Memorandum & Articles of Association
- Original No Objection Certificate for GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- UBO Declaration Form & Passport Copy
- Visa Copy or Entry Stamp of GM, Director (if applicable)
Non-Free Zone UAE Branch
- Application for Registration and Licensing of a Branch Entity
- Business Plan (only for specific activity)
- Chamber of Commerce Membership Application
- Colored Passport Copy of GM, Director (if applicable)
- Commercial Register
- Copy of Valid Trade License
- Department of Economic Development Registration
- Emirates ID Copy of Shareholders, GM (if applicable)
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Memorandum & Articles of Association
- Original No Objection Certificate for GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- UBO Declaration Form & Passport Copy
- Visa Copy or Entry Stamp of GM, Director (if applicable)
Non-Free Zone Foreign Branch
- Certificate of Good Standing/Extract from Corporate Register (whichever is applicable)
- Certificate of Registration
- Application for Registration and Licensing of a Branch Entity
- Business Plan (only for specific activity)
- Chamber of Commerce Membership Application
- Colored Passport Copy of GM, Director (if applicable)
- Copy of Valid Trade License
- Department of Economic Development Registration
- Emirates ID Copy of Shareholders, GM (if applicable)
- Family Book & Emirates ID of UAE Shareholder or Local Service Agent (whichever is applicable)
- Memorandum & Articles of Association
- Original No Objection Certificate for GM (if UAE resident)
- Shareholders/Board Resolution Resolving Establishment of a RAKEZ Company & Appointment of GM
- UBO Declaration Form & Passport Copy
- Visa Copy or Entry Stamp of GM, Director (if applicable)
Requirements to Obtain a Legal Consultancy License
- Legal Consultancies Application
- Attested Degree in Law (for appointed manager)
- Attested Document Confirming Professional Experience, with Seniority of at least 5 years (for appointed manager)
- Designated Non-Financial Businesses and Professions
- Letter of Undertaking
Six Dedicated Zones at the Ras Al Khaimah Economic Zone
Steps in Setting Up Your Business in RAKEZ
The business registration process in RAKEZ for Ras Al Khaimah involves just three simple steps, namely:
Determine your business activities
Choosing RAKEZ for your business offers numerous activity options, potentially making it a top UAE performer.
Prepare & submit your application documents
While setting up in RAKEZ entails several documents, the process is efficient and quick with Firmz's support.
Receive your business license
Upon approval, you'll receive your RAKEZ business license, registration set, and bank letter, enabling your visa application.