RAKEZ Business Activity List

Blind decision-making is a strict no in business. Taking calculated risks is a way of functioning in this arena. Nevertheless, obtaining all the information and assessing it meticulously is crucial. The factors to consider include:

• Review the business activities allowed in RAKEZ. Review them and finalize the business activity that suits you best. Multiple business activities can be chosen if needed.
• Determine the suitable license package as per the business activity.
• Consult an expert, if required, and choose the legal structure of the entity you are going to set up.
• Ascertain whether the business will need additional approvals or not. List the approvals required to obtain them sequentially while processing the business setup.
• The license package will have a specified visa quota. Therefore, make sure to pick the package accordingly.

RAKEZ was formed in 2017 by merging RAK Free Trade Zone and RAK Investment Authority. Core elements that make Ras Al Khaimah Economic Zone the right choice include:

• You might be surprised to know that some licenses in RAKEZ are issued in 5-10 minutes. Even though it does not apply to all the business setup processes, company formation in RAKEZ is quick, easy, and efficient.
• RAKEZ supports almost all types of business activities. The free zone offers diverse license options to suit this, including Commercial License, General Trading License, E-commerce License, Educational License, Freelance Permit, Media License, and Industrial License.
• The dual license option is another factor favorable to investors looking to operate in both the free zone and the Mainland. A single entity can perform business in the UAE Mainland jurisdiction and RAKEZ with this license.
• Flexible business packages allow investors to modify the package according to the business objective and budget.
• Connectivity to logistic hubs and major highways ensures seamless business with domestic and international clients.

As stated in the introductory section of this article, RAKEZ supports businesses optimally. Besides setting up an investor-friendly, growth-oriented, and versatile ecosystem, the authority affirmed that the environment supports all kinds of businesses. SMEs, start-ups, freelancers, and large entities all can thrive in this fertile business atmosphere.

The types of businesses, industries in the Ras Al Khaimah Economic Zone include:

• Light manufacturing units, production centers, and assembly lines
• Packaging centers, logistics, and transportation firms
• Import and export companies
• General trading firms and e-commerce
• Media firms, publishing companies, and digital agencies
• Marketing and advertising
• Consultancy and professional services
• Academies and coaching centers

The RAKEZ business activity list is segregated under different sections like general trading, service, education, and media.

General Trading and Commercial Businesses

• Import of Raw Materials and Goods
• Export of Products and Materials
• Foodstuff Business
• Fashion Products, Clothing, Makeup, and Accessories Sales
• Electrical and Electronic Items Trading
• Automobile Spares Business
• Trading of Medical Equipment and Safety Devices
• Jewellery
• Watch, Clock, and Accessories Trading
• Baby Products and Accessories for Children
• Tiys Trading
• Kitchen Appliances, Furniture, and Home Décor Items
• Laboratory Supplies

E-commerce

• Food and Grocery Delivery Online
• Digital Services and Products Trading
• Retail Trading via Online Platform
• Marketplace App and Platform Service Provider
• Online Electronics, Gadgets, and Electrical Store
• Health and Wellness Online
• Web Development
• App Design and Development
• Webinar Platforms
• Virtual Event Design and Launch Platforms

Consultancy and Service

• IT Service Firms
• Professional Business Consultancy Services
• HR
• Audit, Accounting, and Bookkeeping
• Marketing and Advertising
• Engineering Consultancy
• Real Estate Consultancy Service
• Legal Advisory Firms
• Project Management
• Investment Advisory and Financial Planning Services
• Travel and Tourism
• Event Management
• Facility Management
• Translation Services
• Management and Strategy Planning and Consultation

Manufacturing, Production, and Industrial Businesses

• Production of Spare Parts and Industrial Components
• Food and Beverages Production
• Automobile Components Manufacturing
• Assembly of Light Machinery
• Building Material Production
• Manufacturing of Rubber Products
• Textile Units
• Products Packaging Services
• Furniture, Woodwork, and Home Appliance Design and Manufacturing
• Metal Fabrication Industry
• Leather Products Making
• Cosmetics, Fashion, and Personal Care Material Manufacturing
• Paper, Pen, and Stationery Production

 Media Services

• Printing and Publishing Agency
• Advertising and Marketing
• Graphic Design, Creative Services, and Web Design
• Digital Media Production
• Film Production
• TV and radio
• Social Media Marketing Services and Management
• Content Creation Services
• PR and Communication Agency
• Photography and Videography
• Event Management Firm
• Motion Graphics and Animation
• Influencer Marketing
• Media Planning
• Podcast, Recording Studio, and Content Production

 Educational Activities

• Training Centers
• Educational Consultancy Services
• Skill Development Programs
• Vocational Training
• IT Courses
• Professional Development Courses
• E-Learning Services
• Tuition and Coaching Centers
• Language Schools
• Art, Music, and Dance Academies
• Technical Training Centers
• Corporate and Leadership Training Facilitators
• Childcare and Early Learning Activities
• Sports Training Center
• Fitness Training

Innovation/R&D

• Machinery Prototype Testing Center
• Product Development Projects
• Scientific Research and Advanced Development
• Innovation Incubators
• Environmental Studies Center
• Sustainability Research Programs

Hospitality Industry

• Travel and Tourism Agency
• Hotels and Resorts
• Restaurants
• Catering Services
• Leisure Services
• Hospitality Consultancy Firm
• Entertainment Services

As we have seen, RAKEZ provides the best options to the investors. It is up to the investor to decide and act. A focused approach, dedicated attitude, and determined efforts are what you need to put in. The free zone will serve you success on a platter if you are ready to render honest effort.

Kiltons has been the leading business setup service in UAE since 1999. Our committed efforts and intelligent guidance have been the decisive factors behind the success of many entities across the country. We have a strong presence in Ras Al Khaimah and other emirates in the UAE.

We offer you support at every step, ensuring that you are on the right path; the path to success. Whether you are looking to set up a business in RAKEZ or any other free zone, Kiltons would be the right business setup service for you.

Are you still confused about company formation at RAKEZ?

Do let us know. We can help you resolve the confusion. Contact us now