3 Simple Steps
Just take the below steps to form a RAKEZ company.
Select your desired package and place the order
We will register your company with RAKEZ
You will receive your company documents to start your business
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Get in touch with us to receive a customized quote for your company formation
Other Free Zones you may be interested in
Here are a few recommendations based on your interest
- Free zone based in Dubai
- Up to 3 shareholders
- Professional, commercial, and industrial license
- Free zone based in Sharjah
- Up to 50 shareholders
- Service, trading, light-industrial, and freelancer license
- Free zone based in Fujairah
- Up to 5 shareholders
- Commercial, freelancer, and other types of licenses
- Free zone based in Ras Al Khaimah
- Up to 50 shareholders
- E-commerce, professional, media, and other types of licenses
Unsure about way forward? Scroll down to understand the steps to set up a RAKEZ company
Step 1 - Order a company formation package by filling the form on our website.
Complete the form by entering simple details like proposed name of the company, details of shareholders, proposed activity etc.
Step 2 - We will submit your application with RAKEZ.
After collecting the necessary documents from you, we will apply for incorporation of your company with the RAKEZ
Step 3 - RAKEZ will issue the incorporation documents.
RAKEZ will register your company and grant a business license along with other incorporation documents.
Ras Al Khaimah Economic Zone or RAKEZ is a consolidation of two free zones namely; RAK Free Zone and RAK Investment Authority. RAKEZ is located in the emirate Ras Al Khaimah, United Arab Emirates. Business set ups are known to flourish in Ras Al Khaimah mainly due to the economic security and steadiness that the city offers. RAKEZ companies are a live example of this. The customizable company set up options of RAKEZ and the ‘round the clock’ connectivity of Ras Al Khaimah through its seaports, airport and highways makes it a perfect landing spot for any company. That is why RAKEZ is the preferred free zone for many freelancers, small and medium enterprises, multinational enterprises and large industries.
The Benefits of Incorporating a RAKEZ Company
RAKEZ benefits its companies in the following ways:
- Ras Al Khaimah Economic Zone permits more than four thousand (4,000) business activities.
- RAKEZ companies are an affordable company set up option.
- Both free zone and non-free zone options are available.
- Form a company without visiting the UAE.
- Minimum documents are required to set up a company.
- Ras Al Khaimah Economic Zone has dedicated zones for industrial, academic, and business activities.
- Ras Al Khaimah Economic Zone processes for company incorporation are time efficient.
- Ras Al Khaimah Economic Zone offers special licenses for freelancers.
- RAKEZ has special packages for women entrepreneurs.
- Minimum capital requirement of AED 10,000 (for industrial activity – AED 15,000).
- Pay for your company registration and company renewals in interest free instalments lasting up to six (6) months.
- One RAKEZ company can carry out several business activities on multiple licenses.
- 100 % repatriation of profits and capital.
- Zero (0) tax (personal or corporate)
- Ready to move in flexi desk, flexi office and dedicated office options are available for RAKEZ companies.
- Warehousing and storage facilities options are also provided.
- Ras Al Khaimah Economic Zone offers land for development that may benefit manufacturing, logistical and service industry projects.
- Provision for on-site staff and labour accommodation.
- RAKEZ facilitates easy company operation.
- Ras Al Khaimah Economic Zone offers business centres and secretarial services.
- Find access to all government services under the same roof.
- Multiple alternatives for investor and employee visas.
- Opportunity to do business with more than fourteen thousand (14,000) companies from fifty (50) different countries that are already set up with the RAKEZ.
- The strategic partnership of RAKEZ with banks fast tracks the bank account opening process. This also eases the operation of bank accounts.
- Investors and employees of Ras Al Khaimah Economic Zone companies can sponsor their families.
- Investor visa granted to investors of RAKEZ companies allows freedom to travel to Gulf Cooperation Countries.
Types of RAKEZ Companies
The legal forms of RAKEZ companies depend on whether they are incorporated in the free zone areas or non-free zone areas of Ras Al Khaimah Economic Zone. A free zone company can have 100 % foreign ownership. A non-free zone company is set up in association with a UAE local partner and is subject to UAE labour laws. The details of different legal forms of RAKEZ companies are tabulated below:
|Zone||Legal form||Number of shareholders||Features|
|RAKEZ free zone||Free zone limited liability company (FZ-LLC)||One to fifty (1 – 50)|
|RAKEZ non-free zone||Individual establishment||One (1)|
|RAKEZ non-free zone||Limited liability company (LLC)||Two to fifty (2 – 50)|
|RAKEZ non-free zone||Branches of companies incorporated inside or outside of the UAE.||N/A|
Types of Licenses for RAKEZ Companies
The below-listed license options are available for any RAKEZ company:
- General trading
The commercial and industrial licenses allow a company to function in both the RAKEZ free zone and non-free zone area. The professional license is granted for both free zone and non-free zone areas, based on the nature of the professional activity.
Documents Required for a RAKEZ Company
The following documents are required to form a company with Ras Al Khaimah Economic Zone:
- Coloured passport copy / emirates ID (for UAE residents).
- Visa copy and entry stamp (if the person is in the UAE).
- Original no objection certificate for general manager (for UAE residents).
- Business plan.
- Shareholders resolution resolving establishment of RAKEZ company and appointment of general manager (for corporate shareholder).
- Trade license / certificate of registration of existing business (for corporate shareholder).
- Memorandum and articles of association (for corporate shareholder).
- Certificates of good standing or certificate of incumbency (for corporate shareholder).
Help Me Choose a Right Office for My RAKEZ Company!
Can’t find a worthy office for your RAKEZ company? Help us help you by reading this article.
Well, it is mandatory to lease an office space for your RAKEZ company. Multiple office options can be scanned and analysed before you finally settle on an office that is suitable for your RAKEZ company, and at the same time does not burn a hole in your pocket.
A certain number of fixed visas are allocated for each office options. Therefore, the first and the foremost parameter that one should consider while finalising an office space is the number of visas, they hope to obtain on their RAKEZ company. Having put a pin on this, one should move on to considerations such as space, flexibility, privacy and additional facilities. One should also be mindful that the nature of an office space depends on type of the RAKEZ company license and not all office options are available for all licenses. To ease your decision, we have categorised below different office options that you can choose from to set up an ideal office for your RAKEZ company:
This is an affordable workstation mostly for any business that is just starting and does not intend on getting multiple visas. It is also an attractive option for freelancers operating solo. With a flexi desk you can get up to (1) visa. RAKEZ offers two (2) flexi desk options being: ‘Felxi Desk BC’ and ‘Flexi Desk’, and the visa allocation for each flexi desk option is different. Zero (0) visa are allocated with ‘Flexi Desk BC’ while you can apply for one (1) visa if you choose a ‘Flexi Desk’. Companies with commercial, services and freelancer permits can choose this option.
A felxi office is a shared office in a large co-working space. Up to two (2) visas are allocated if you opt for a flexi office for your RAKEZ company. One also gets access to facilities such as meeting rooms, event spaces, cafes etc. The additional benefits of a flexi office include unlimited usage of open workspace, free usage of lockers and free access to RAKEZ hosted events. Flexi offices only cater to freelancers or companies with license types: commercial or services.
A suitable option for small companies looking to lease a dedicated workspace for their staff. Your staff will be given a dedicated workspace in an enclosed office. They will be sharing the room with other like-minded companies. A serviced office comes with up to four (4) visa allocations. Depending upon the visa allocations and size of the office, serviced offices are categorised into ‘Serviced Office A’ and ‘Serviced Office B’. Up to two (2) visas are allocated for ‘Serviced Office A’ and up to (4) visas are allocated for ‘Serviced Office B’. You also get a dedicated signboard of your RAKEZ company’s name at the office entrance. Serviced offices can be opted by companies having commercial, services, educational, e-commerce, general trading, professional and media license.
Executive Office: If you require up to (6) visas, a private office space in a developed facility, and a bigger space for your staff and clients then choose an executive office. Please be mindful that the executive office is only given to companies having commercial, services or general trading license. The executive office is a desirable fit for small to medium sized companies. RAKEZ also offers furniture for an executive office at an additional cost.
The fee for any office can either be paid annually or in a consolidated manner for three (3) years. Click here to see our RAKEZ company formation packages that are inclusive of the office cost. If you are still unable to decide an office space that is right for you, then contact us. Our consultants will help you finalise and apply for a suitable office that will aid the operation and growth of your RAKEZ company.
Become a Successful Female Entrepreneur with RAKEZ
Being a female in a middle eastern country such as the United Arab Emirates has its perks. With the evolution of gender equality, women these days have all the advantage at the palm of their hands. Women have been successful in reaching their dreams of being a girl boss by starting flourishing businesses in the UAE.
In August 2019, Ras Al Khaimah Economic Zone, which is mostly known as RAKEZ pledged to take the idea of women empowerment forward by launching a special businesswomen package. Interestingly, RAK EZ launched these packages on the Emirati Women’s Day. The specially designed packages include exclusive deals for women, who want to step up their game in the business industry by incorporating their very own company. The packages for women allow company formation at subsidized rates and in installments.
The businesswomen packages include all the benefits of a RAKEZ company formation. Women setting up companies under the businesswomen packages will be benefitted in the following ways:
1. Company Set-up at a Low Cost
Women can set up their dream company with RAKEZ at a very affordable cost starting from AED 6,280. Under these packages, women can also use an office desk for an unlimited time for three (3) months. Normally with other free zones, the flexi desk usage is limited.
2. Pay in Instalments
Another great benefit with these packages is that women can pay for the company set up in installment, and as per their convenience. RAKEZ has several instalments plans for payment staring from three (3) months onwards.
3. Zero Balance Bank Account Exclusively for the RAKEZ Businesswomen Package
RAKEZ only gives this offer exclusively to women. This is a huge advantage from a businesswoman’s perspective. Women can open a zero-balance business account for their company with RAK bank. The bank account can be opened in multiple currency denominations. This account can be opened without going through the hassle of going back and forth with a bank for their approvals.
4. Priority Ticket at One Stop Shop (OSS) Centers of RAKEZ
Patience is indeed a virtue, but when you are offered a priority ticket at a RAKEZ one stop shop center, it is certainly something you cannot pass on. The service requests of women are taken on a high priority basis. Again, this advantage is also exclusively for owners of companies formed under the RAKEZ businesswomen package.
5. Business Card Printing Free of Charge
Depending on the specific pack you opt for under the businesswomen packages, women will have the advantage of free printing of their business cards (in any design they wish for!).
We know that by this time you are quite impressed with the benefits of the businesswomen package. Here is what you need to additionally know to form a company using the businesswomen packages:
- Packages are only applicable to new clients opting for shared workstation / office space with a free zone license.
- A company can only be formed under these packages if it is fully owned by women. Women are required to have 100% ownership of the company.
- Women can choose the following type of licenses for their RAKEZ company:
- Commercial license
- Educational license
- E-commerce license
- Media license
- Professional license
- General trading license
- Services license
- Packages can be upgraded and downgraded if the eligibility remains intact.
- The renewal cost for the second year would be AED 1,000 lesser than the company set-up cost.
- Women entrepreneurs can have zero to six (0 to 6) visas with their RAKEZ company.
- There are various office spaces that women would wish to lease for their RAKEZ company. The following options are available:
- Flexi Desk
- Flexi Office
- Service Office
- Executive Office
If you wish to know more about the options for workspace then click here.
If you require more information about all these packages, give us a call or leave an enquiry on our website. If you wish to start your own business, then click the order button to form your RAKEZ company. We would be happy to help you.
Here are the benefits of RAKEZ companies
|Most amount of business activities||Do more than four thousand (4,000) business activities.|
|Do business in free zone and non-free zone||RAKEZ provides company solutions for both free zones and non-free zones|
|Women empowerment||RAKEZ supports women by offering special pricing for them.|
|Minimum share capital||Form a company with just a share capital of AED 10,000.|
|Special economic zones||RAKEZ has special industrial, academic, and business activity zones.|
|Freelancers can operate in RAKEZ||RAKEZ has dedicated licenses for freelancers|
|Flexible payment options||Payment for license renewals can be done annually or after three years. Interest free instalment options for company formation and license renewals are also available.|
|All inclusive||You pay one amount for your RAKEZ company, its office space, and visa allocations.|