Why Choose RAKEZ Free Zone for Your Business

RAKEZ was formed in 2017 by merging the Ras Al Khaimah Free Trade Zone (RAK FTZ) and the Ras Al Khaimah Investment Authority (RAKIA). The strength of these zones was combined in the merger to form a single economic zone, which greatly simplified the setup and operation of businesses.
Under the guidance of His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah, RAKEZ has grown rapidly. It now spans approximately 33 million square meters and hosts over 35,000 companies from more than 100 countries, a clear testament to its commitment to supporting clients and investors across more than 50 business sectors.

The location you choose for your business is a critical decision. RAKEZ offers a powerful set of benefits that make it a secure and attractive choice for new and experienced entrepreneurs alike.

Strategic Location and Global Reach

Being at the crossroads of Europe, Asia, and Africa gives RAKEZ incredible connectivity. Its proximity to major seaports, airports, and highways makes it simple to move goods and services. This strategic position turns it into a perfect hub for international trade, providing easy access to key markets.

Cost-Effectiveness and Competitive Pricing

One of RAKEZ's most significant advantages is its affordability. RAKEZ provides some of the most affordable business setup options in the UAE. With operating costs in Ras Al Khaimah being up to 50% lower than in other emirates, it's a great place for startups and small businesses. You can get a business license for AED 5,699, thanks to the flexible packages and low initial costs.

Tax Advantages

While the UAE has a new corporate tax, RAKEZ is a great place for businesses to save on taxes. You can get a 0% corporate tax rate on income from "Qualifying Activities" in RAKEZ. To receive this benefit, your company must have a proper presence in the free zone and follow all its regulatory requirements. Companies operating in the Designated Zone of RAKEZ are eligible for a corporate tax rate of 0% on eligible income. This tax benefit applies to certain activities like supply chain management, inventory control, warehousing, physical handling and transportation of goods, distribution and logistics management, processing of goods, and resale operations. This great tax setup helps businesses become more profitable and financially secure.

Full Foreign Ownership

A RAKEZ Free Zone company permits 100% foreign ownership. This eliminates the need for a local sponsor or partner and gives investors total control over their company, allowing them to make decisions and run their operations as they see fit.

Setting up a company in RAKEZ is a simple and fast process. With proper guidance, you can establish your business and have it operational within days.

Choose Your Business Activity and Name

The first step is to decide on your business activities and pick a name for your company. Choosing the right business activity is important, as it will determine the type of license and other requirements for your business setup.

Select a Legal Structure and License Type

Depending on your business operations and ownership, you need to choose a legal form (FZE, FZ-LLC, or Branch) and the appropriate license category (e.g., Commercial, Service, or Industrial). This is an important choice that will affect the way your business operates.

Submit Your Application and Required Documents

Your application and supporting documentation can be submitted quickly and easily with RAKEZ's user-friendly customer portal. The documents you need to provide include:

• A color copy of your passport or Emirates ID
• A visa copy and entry stamp if you are already in the UAE
• A No Objection Certificate for the General Manager (if a UAE resident)
• A business plan
• Shareholder resolutions and corporate documents (for corporate shareholders)

Obtain Approvals and Licenses

Documents will be reviewed promptly after submission. You will be able to formally launch your business once your application has been accepted and the necessary funds have been paid for your business license and registration.

Open a Corporate Bank Account

Once you have all the necessary approvals, you'll receive a bank letter. This letter makes it easy to open a corporate bank account with any bank in the UAE, which is the last step before you can start managing your company's finances and accepting payments.

Apart from its business-friendly policies, RAKEZ offers an excellent environment that supports both your business and your personal life.

Quality of Life

Ras Al Khaimah offers a great quality of life in a safe and family-friendly environment. With excellent healthcare and schools, it's a peaceful place to live and work. The emirate's low crime rate and culture of respect for the law create a safe and secure environment for everyone. The emirate's many parks, beaches, and outdoor activities make it easy to enjoy a balanced lifestyle, helping you stay both healthy and productive.

Modern Facilities and Infrastructure

Businesses that set up in RAKEZ get access to modern facilities designed to support today's companies. The Ras Al Khaimah Economic Zone provides a range of solutions, including fully equipped offices, warehouses, and industrial plots, allowing you to start operations without any delays. All facilities are built with the latest technology and infrastructure, which includes high-speed internet, a reliable power supply, and advanced communication options. This ensures your business can operate at its full potential.

Support for Startups and Innovation Projects

Ras Al Khaimah has developed into a center for innovation, drawing companies and entrepreneurs creating new solutions. Recognizing that startups are crucial for its economic growth, the emirate offers a wide range of benefits and support to help them succeed. To support these efforts, it has even set up specialized incubators and accelerators. These programs give startups the tools, guidance, and connections they need, including access to funding, advice from experienced mentors, and workshops to help them build their businesses.

Setting up your business in the Ras Al Khaimah Economic Zone(RAKEZ) is a smart choice. It provides a strong blend of cost-effectiveness, flexibility, and global connectivity. The free zone's streamlined processes and investor-friendly policies eliminate much of the complexity that comes with forming a business, so you can focus on your core operations from day one.

Even though the process is designed to be simple, working with a professional business setup service can save you time and money. As a leading business setup consultant in the UAE, Kiltons can help you every step of the way—from your initial consultation to handling all the legal and administrative procedures. We're here to turn your business dreams into reality, helping you achieve sustainable growth and prosperity in the UAE's vibrant economy.