Company Formation & Business Setup in Ras Al Khaimah Freezone (RAKEZ)
Easy Business Setup in RAKEZ with the Best Business Advisors in UAE.
ABOUT
What is
Ras Al Khaimah Freezone?
The Ras Al Khaimah Economic Free Zone, also known as RAKEZ, is one of the best options for businesses of all types since the Authority offers several kinds of business licenses. It’s a place that offers many benefits and incentives to business owners, investors and entrepreneurs that want to carry out their business activities here.
PROCESS
How to set up your business in RAKEZ?
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DOCUMENTS
Documents for business setup in RAKEZ
- Your application form and letter of Intent.
- Passport copies of each shareholder.
- Copies of shareholders’ passports.
- Proof of residence.
- Bank statement.
Ras Al Khaimah Freezone
Business Licenses for Business Setup in RAKEZ.
Trade License
This license allows you to perform the same activities as the trade license. However, it allows you to trade a wider range of goods and products.
Service License
It allows the business to provide professional services or carry out professional activities in Ras Al Khaimah. Since the company that holds this license can offer services, it’s also known as a Service License.
General Maintenance License
The General Maintenance License is aimed at businesses that want to carry out activities such as repairs and maintenance to facilities and buildings, as well as related maintenance activities.
E-Commerce License
If you carry out your business activities online, this is the license that you need.
BENEFITS
Benefits of doing business in RAKEZ.
- 100% ownership of your business
- You’ll have freedom to source labor for your company
- No need to have a physical office space
- Full repatriation of capital and profits
- No minimum share capital is needed to establish a company
- No personal or corporate income taxes
- You can sponsor your dependents easily
- No currency restrictions
- Easy to trade with companies in the UAE and the rest of the world
Allowed types of companies in RAKEZ.
There are several options for incorporating a business since you have various types of legal structures available. You can choose the best option for you that suits your requirements depending on the business activity & amount of shareholders, a determinate type of entity can be best for you.
Free Zone Limited Liability Company (FZ-LLC)
This type of legal entity can be formed with one shareholder and a maximum of 50 shareholders.
Branch of UAE-based Company
a local company that is legally incorporated in the UAE, including Free Zone companies, can establish a branch in RAKEZ.
Branch of a Foreign Company
An international company, which has been incorporated outside the UAE, can establish a branch in RAKEZ to carry out its operations.
Companies that need warehousing facilities can find RAKEZ a great place to carry out their operations. However, it’s a perfect option for any kind of company since it has many innovative facilities and suitable offices for almost all types of businesses.
- Commercial
- Industrial
- Media
- Education
- Professional services
- E-commerce