Are you ready to unlock the UAE’s business potential? Ras Al Khaimah Economic Zone (RAKEZ) is attracting global entrepreneurs. With over 652,885 companies in the UAE, RAKEZ is a standout.
RAKEZ is a leader among UAE’s free zones. It has over 12,000 companies from more than 100 countries. It offers a great location, tax benefits, and 100% foreign ownership. This makes it a top choice for starting a business.
RAKEZ serves more than 13,000 clients. This shows its fast growth and popularity in the UAE’s economy.
Understanding RAKEZ: A Premier Business Hub in UAE
RAKEZ, or Ras Al Khaimah Economic Zone, is a top choice for businesses in the UAE. It has over 23,000 companies. This makes it a great place for entrepreneurs from all over.
Strategic Location and Infrastructure Benefits
RAK Economic Zone is close to big ports and airports. This makes it easy for businesses to reach global markets. It also has modern facilities for many industries.
Six Specialized Zones Overview
RAKEZ has six special zones for different businesses:
- Al Ghail Industrial Zone
- Al Hamra Industrial Zone
- Al Hulailah Industrial Zone
- Al Nakheel Business Zone
- Academic Zone
- Al Hulaila Industrial Zone
These zones help various sectors, from heavy industry to education. They offer solutions for different businesses.
Tax Benefits and Foreign Ownership Advantages
RAKEZ has a good tax system. Companies can get tax breaks under certain rules. Also, foreign investors can own 100% of their businesses. This makes RAKEZ attractive for international investors.
| Feature | Benefit |
|---|---|
| Corporate Tax | Exemption under certain conditions |
| Foreign Ownership | 100% allowed |
| Profit Repatriation | 100% allowed |
| Business Setup Cost | Starting from AED 5,499 |
Ras Al Khaimah Economic Zone Guide: Licensing and Setup Process
Ready to start your business in RAKEZ? We’ll tell you about licenses, setup, and costs. This will help make your business dreams come true. Let’s explore RAK EZ licenses and get you ready for success!
Available License Types and Their Requirements
RAKEZ has many license types for different businesses. You can choose from Commercial, E-commerce, Educational, and Freelancer licenses. Some licenses have Free Zone and Non-Free Zone options.
Prices start at AED 6,000. This makes starting a business in RAK EZ easy for everyone.
Step-by-Step Business Formation Process
Starting a business in RAKEZ is simple. First, decide what your business will do. Then, apply for your license. It’s a good idea to work with a consultant to speed things up.
After applying, wait about 10 business days for approval. Then, you’re all set to start your business in the UAE.
Documentation and Legal Requirements
For RAK EZ, you’ll need some basic documents. These include passport copies, visa pages, and passport photos. You’ll also need a business plan and shareholders’ resolution.
For free zone packages, you’ll need to do medical tests and biometric capturing. This is part of the visa application.
Cost Structure and Investment Options
Investing in RAK EZ is affordable and flexible. Freelance permits start at AED 17,070 for a year. Commercial licenses cost between AED 17,840 and AED 77,764, depending on the number of visas.
Ladies, there’s a special businesswomen package starting at AED 10,101. Your total cost will depend on your business needs and the license you choose. RAKEZ offers 0% corporate tax and 100% foreign ownership, making it a great place for businesses!
