RAKEZ Free Zone Business Setup
Situated in the heart of Ras Al Khaimah, RAKEZ Free Zone is a powerhouse business and industrial hub in the UAE that uniquely offers customizable solutions to free zone and non-free zone businesses. From freelancers and startups to SMEs and industrialists, our multinational community is flourishing in over 50 industries. With RAKEZ Free Zone Business Setup, entrepreneurs and companies benefit from cost-effective setup packages, modern facilities, and first-class services designed to help them reach their full potential. Blessed with a strategic location, RAKEZ connects investors to growing markets in the Middle East, North Africa, Europe, as well as South and Central Asia.
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RAKEZ is not just a business hub but a gateway to international trade, where companies undertake activities in a safe and responsible manner, consistent with all applicable laws and international best practices. Our effective compliance framework benefits our clients, ensuring a smooth and efficient setup process. For those looking to capitalize on the opportunities in the UAE, RAKEZ Free Zone Company Setup presents a comprehensive solution that supports business growth and expansion.
Why Choose RAKEZ Free Zone?
RAKEZ is known for its cost-effectiveness, strategic location near RAK Airport and seaport, and a wide range of business activities supported. It appeals to entrepreneurs looking for affordable setups without compromising on benefits like tax exemptions and streamlined procedures.
Read Post: Mainland Business setup and costs:
Types of Entities in RAKEZ Free Zone
RAKEZ provides a range of entity types to accommodate various business needs, ensuring flexibility and suitability for different operational models. Here’s a detailed look at the different types of entities you can establish in the RAKEZ Free Zone:
1. Free Zone Establishment (FZE)
- Definition: An FZE is a type of company that is owned and operated by a single shareholder. This can be an individual or a corporate entity.
- Structure: The FZE structure is ideal for solo entrepreneurs or single investors who wish to have full control over the company’s operations and decision-making processes.
- Key Features:
- Single Shareholder: Only one shareholder is required.
- Limited Liability: The shareholder’s liability is limited to the extent of their investment in the company.
- Flexibility: Offers operational flexibility with minimal administrative requirements.
- Ideal For: Solo entrepreneurs, individual investors, and small startups looking for full ownership and control.
2. Free Zone Company (FZC)
- Definition: An FZC is a company structure that allows for multiple shareholders, specifically between 2 to 5 individuals or corporate entities.
- Structure: This type of entity is suitable for small to medium-sized businesses where more than one person or entity is involved in ownership and management.
- Key Features:
- Multiple Shareholders: Requires between 2 to 5 shareholders.
- Limited Liability: Shareholders’ liability is limited to their shares in the company.
- Shared Ownership: Allows for shared decision-making and management responsibilities among shareholders.
- Ideal For: Partnerships, small businesses with multiple investors, and collaborative ventures.
3. Branch of a Local or Foreign Company
- Definition: A branch of a local or foreign company is an extension of an existing entity’s operations into the RAKEZ Free Zone. It operates as an integral part of the parent company rather than a separate legal entity.
- Structure: This type of entity allows businesses to expand their operations internationally by setting up a branch in RAKEZ while maintaining their primary headquarters elsewhere.
- Key Features:
- Extension of Existing Entity: Operates as part of the parent company, sharing the same legal and financial responsibilities.
- Operational Flexibility: Benefits from RAKEZ’s infrastructure while leveraging the parent company’s established business model.
- Continuity: Maintains the brand and operational consistency of the parent company.
- Ideal For: Established companies seeking to enter the UAE market, expand their regional presence, or enhance their operational capabilities.
Summary
RAKEZ offers diverse entity types to cater to different business structures and requirements:
- Free Zone Establishment (FZE): Ideal for single shareholders seeking full control.
- Free Zone Company (FZC): Suitable for partnerships with 2 to 5 shareholders.
- Branch of a Local or Foreign Company: Perfect for extending existing operations to RAKEZ.
Each entity type provides unique benefits and operational structures, enabling businesses to select the most appropriate model for their growth and strategic goals in the UAE.
Steps to Setup a Company in RAKEZ Free Zone
- Choose Your business Activity: Select from a diverse range of permissible activities.
- Select Your Company Type: Decide between FZE, FZC, or Branch setup based on your business structure and needs.
- Prepare Required Documents: Gather and prepare necessary documents such as passport copies, business plan, and NOC if applicable.
- Submit Application: Complete the application form and submit along with the required documents to RAKEZ.
- Lease Agreement: Sign a lease agreement for office space or warehouse as per your business requirements.
- Payment of Fees: Pay the required fees for company registration and licensing.
- Visa Application: Apply for residence visas for shareholders, employees, and dependents if needed.
- Bank Account Opening: Open a corporate bank account in the UAE to facilitate business transactions.
License Costs in RAKEZ Free Zone
The cost of setting up a business in RAKEZ Free Zone varies based on the type of entity and additional services required. Here’s an overview of the license costs:
| License Type | Visa Quota | Initial Cost (AED) | Renewal Fee (AED) |
|---|---|---|---|
| Zero Visa Package | 0 | 6,000 | 6,000 |
| 1 Visa Package | 1 | 12,000 | 12,000 |
| 2 Visa Package | 2 | 18,000 | 18,000 |
| 3 Visa Package | 3 | 22,000 | 22,000 |
| 4 Visa Package | 4 | 26,000 | 26,000 |
| License Type | Cost (AED) | Key Features |
|---|---|---|
| Zero-visa Commercial/Services Package | 6,000 | Suitable for small businesses not requiring visas. |
| 1 Visa Individual/Professional Package | 12,000 | Ideal for individuals needing a visa for themselves. |
| 1 Visa Commercial/Services Package | 14,000 | For businesses needing one visa for an employee. |
| General Trading + E-Commerce Package | 12,000 | Combines licenses for trading and e-commerce activities. |
Calculate your business setup cost.
Freelance Permit Costs in RAKEZ Free Zone
| License Type | Visas Included | Total Cost (AED) |
|---|---|---|
| Freelance Permit | 1-year visa | 17,070 |
| Freelance Permit | 2-year visa | 22,920 |
Commercial, Service, E-Commerce, Media, and Educational License Costs in RAKEZ Free Zone
Up to 4 Visas Company
| License Type | Visas Included | Total Cost (AED) |
|---|---|---|
| Commercial/Service/E-Commerce/Media/Educational license | No visas | 17,840 |
| Commercial/Service/E-Commerce/Media/Educational license | 1 visa | 27,465 |
| Commercial/Service/E-Commerce/Media/Educational license | 2 visas | 36,491 |
| Commercial/Service/E-Commerce/Media/Educational license | 3 visas | 47,530 |
| Commercial/Service/E-Commerce/Media/Educational license | 4 visas | 54,426 |
Up to 6 Visas Company
| License Type | Visas Included | Total Cost (AED) |
|---|---|---|
| Commercial/Service/E-Commerce/Media/Educational license | 5 visas | 70,818 |
| Commercial/Service/E-Commerce/Media/Educational license | 6 visas | 77,764 |
General Trading License Costs in RAKEZ Free Zone
Up to 2 Visas Company
| License Type | Visas Included | Total Cost (AED) |
|---|---|---|
| General Trading – Flexi Desk | 1 visa | 37,202 |
| General Trading – Flexi Desk | 2 visas | 44,148 |
Up to 4 Visas Company
| License Type | Visas Included | Total Cost (AED) |
|---|---|---|
| General Trading – Flexi Desk | 1 visa | 39,587 |
| General Trading – Flexi Desk | 2 visas | 46,958 |
| General Trading – Flexi Desk | 3 visas | 53,780 |
| General Trading – Flexi Desk | 4 visas | 60,426 |
Up to 6 Visas Company
| License Type | Visas Included | Total Cost (AED) |
|---|---|---|
| General Trading – Flexi Desk | 5 visas | 77,818 |
| General Trading – Flexi Desk | 6 visas | 84,764 |
Benefits of Setting Up in RAKEZ Free Zone
Setting up a business in RAKEZ Free Zone offers a range of advantages that make it an attractive option for entrepreneurs and companies looking to establish a presence in the UAE. Here are some key benefits:
1. Cost-Effective Setup Packages
RAKEZ provides a variety of affordable setup packages tailored to different business needs. These packages often include competitive pricing on licenses and visas, making it a cost-effective choice for startups and established businesses alike.
2. Strategic Location
Situated in Ras Al Khaimah, RAKEZ boasts a strategic location with proximity to major transport hubs, including RAK Airport and seaport. This strategic positioning facilitates easy access to markets across the Middle East, North Africa, Europe, and South and Central Asia.
3. Flexible Business Structures
RAKEZ offers flexibility in business structures, including options for Free Zone Establishments (FZEs), Free Zone Companies (FZCs), and branches of local or foreign companies. This flexibility allows businesses to choose the most suitable structure for their needs.
4. Modern Facilities
The free zone is equipped with state-of-the-art facilities, including office spaces, warehouses, and industrial land. Businesses can select from various types of office spaces such as serviced offices, coworking spaces, and flexi-desks, tailored to their operational requirements.
5. No Personal Income Tax
RAKEZ offers a tax-friendly environment with no personal income tax, allowing businesses to retain more of their profits. Additionally, there are no restrictions on the repatriation of capital and profits.
6. Full Foreign Ownership
In RAKEZ, foreign investors can enjoy 100% ownership of their businesses without the need for a local partner. This is a significant advantage for international entrepreneurs looking to maintain full control over their enterprises.
7. Easy Visa and Banking Processes
RAKEZ simplifies the process of obtaining visas and opening bank accounts. The free zone’s partnership with UAE banks ensures a smooth and efficient banking experience, while its streamlined visa procedures facilitate hassle-free employee and investor residency.
8. Business Support Services
RAKEZ provides comprehensive support services, including business setup consultations, regulatory compliance assistance, and administrative support. This helps businesses navigate the setup process and ensures compliance with local regulations.
Conclusion
Setting up a company in RAKEZ Free Zone provides numerous advantages, including cost-effective packages, a strategic location, flexible business structures, modern facilities, and comprehensive support services. Whether you are an entrepreneur, freelancer, or established business, RAKEZ offers a dynamic and supportive environment to help you achieve your business goals.
For expert assistance in setting up your company in RAKEZ Free Zone, Infibiz is here to help. Our team of professionals can guide you through the entire setup process, ensuring a smooth and successful business establishment. Contact Infibiz today to get started on your RAKEZ Free Zone business journey!
How Infibiz Can Help to Set Up Your Business in RAKEZ Free Zone
Infibiz, as a trusted channel partner of RAKEZ, offers expert assistance in setting up your business within the RAKEZ Free Zone. Leveraging our deep understanding of RAKEZ’s processes and benefits, we streamline the entire setup journey, from selecting the optimal license package to managing visa applications and facilitating bank account openings. Our dedicated team ensures a seamless experience, guiding you through every step and ensuring compliance with local regulations, so you can focus on growing your business while we handle the administrative details. Choose Infibiz to make your RAKEZ Free Zone business setup efficient and hassle-free.
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Note:
Please be aware that the prices listed for company setup and licensing in RAKEZ Free Zone are subject to change. RAKEZ periodically reviews and updates their pricing structure, and costs may vary based on future regulations, market conditions, or additional services required. We recommend consulting with a business setup expert or contacting RAKEZ directly for the most current and accurate pricing information before making any decisions.
