Introduction
Setting up a business in the United Arab Emirates (UAE) can be a great move. Many entrepreneurs and investors from around the world choose the UAE because of its business-friendly rules, no income tax, and strong economy. One of the best places to start your company is RAKEZ Free Zone Company Setup
RAKEZ stands for Ras Al Khaimah Economic Zone. It is located in the emirate of Ras Al Khaimah, which is just about an hour away from Dubai. RAKEZ offers low-cost business setup options, simple processes, and many business facilities.
In this article, we will explain everything you need to know about how to set up a company in RAKEZ Free Zone in a simple and easy way.
What is RAKEZ Free Zone?
RAKEZ is one of the fastest-growing economic zones in the UAE. It connects businesses to growing markets in the Middle East, North Africa, Europe, and Asia. It offers a business-friendly environment with simple company setup rules and low costs.
Key Features of RAKEZ
- 100% foreign ownership
- No personal income tax
- Full repatriation of profits and capital
- Wide range of license types
- Affordable office and warehouse spaces
- Business-friendly support services
- Easy visa processing
RAKEZ is suitable for small startups, freelancers, medium-sized companies, and large industries.
Types of Business Licenses in RAKEZ
Before you start your company, you must choose the right business license. RAKEZ offers different types of licenses depending on the kind of work you want to do.
Commercial License
This license is for companies involved in trading activities like import, export, or buying and selling products.
Service License
This is for businesses offering services such as consultancy, training, or other professional services.
Industrial License
This is for companies involved in manufacturing or industrial activities.
E-commerce License
This license allows you to sell products or services online, either locally or internationally.
Freelancer Permit
This is for individuals who want to work on their own without opening a full company.
Choosing the right license depends on the nature of your business. If you are unsure, you can get advice from RAKEZ customer support or a business setup consultant.
Steps to Set Up a Company in RAKEZ Free Zone
Now let’s go step by step on how to register a company in RAKEZ.
Step 1: Choose Your Business Activity
First, you need to decide what kind of business you want to do. You must select the correct activity from the list of activities approved by RAKEZ. For example, if you want to open a digital marketing company, you must select “Marketing Services” as your activity.
It’s important to choose the correct activity, because your license will only cover the activities you select.
Step 2: Select Your Company Type
In RAKEZ, you can choose from several types of company structures:
- Free Zone Establishment (FZE): One shareholder
- Free Zone Company (FZC): Two or more shareholders
- Branch of a local or foreign company
Choose the structure that best fits your business plan.
Step 3: Pick a Name for Your Company
Next, choose a name for your company. Make sure the name:
- Is not already in use
- Matches your business activity
- Does not include religious or political words
- Follows the naming rules of RAKEZ
You will need to get your company name approved before moving to the next step.
Step 4: Choose Your Business Facility
RAKEZ offers different types of offices and spaces depending on your needs:
- Flexi Desk: A shared desk space for small businesses and freelancers
- Standard Office: A private office for small teams
- Executive Office: A more professional setup with full office services
- Warehouses: For companies needing storage or manufacturing space
- Land for Development: For large industrial projects
Choose the space that matches your business needs and budget.
Step 5: Submit Required Documents
You need to provide a few documents to apply for your business license. These may include:
- Passport copy of shareholders and managers
- Personal photo with white background
- Business plan (for some activities)
- Application form
- NOC (No Objection Certificate) if you are employed in the UAE
If you are opening a branch of an existing company, you’ll also need your company’s registration documents.
Step 6: Pay the Fees
After submitting the documents, you will receive a payment voucher. The cost depends on the type of license, number of visas, and the business space you choose.
RAKEZ is known for its affordable pricing. They even offer packages starting from around AED 5,000 for freelancers and AED 11,000 for company setups.
Step 7: Get Your License and Start Your Business
Once your payment is made and documents are approved, RAKEZ will issue your business license. You will also receive your:
- Certificate of Incorporation
- Memorandum of Association (MOA)
- Lease agreement for your office space
Now your company is officially set up, and you can begin operations.
RAKEZ Company Setup Packages
RAKEZ offers different setup packages to meet various needs and budgets.
Business Starter Packages
- Ideal for startups and freelancers
- Includes Flexi Desk and one visa
- Starts from AED 5,499
SME Packages
- Suitable for small and medium-sized companies
- Includes office and up to four visas
- Flexible payment plans
Industrial Packages
- Includes warehouse or land
- Ideal for manufacturing or logistics companies
- Custom-built packages available
Women Entrepreneur Packages
- Special deals for women business owners
- Support services and discounted rates
You can choose a package based on your business size, activity, and budget.
Visa Services in RAKEZ
Once your company is set up, you can apply for UAE residence visas for yourself, employees, and family members.
Types of Visas
- Investor Visa: For company owners
- Employment Visa: For your staff
- Dependent Visa: For family members
Visa Process
- Apply for an entry permit
- Complete medical test and Emirates ID registration
- Visa stamping on your passport
The whole process usually takes 5 to 10 working days.
Benefits of Starting a Company in RAKEZ
There are many reasons why people choose RAKEZ for their business:
Cost-Effective
RAKEZ is one of the most affordable free zones in the UAE. It offers low-cost packages for startups and flexible payment plans.
Simple and Fast Setup
You can set up your company in just a few days. The paperwork is simple, and the RAKEZ team is helpful.
Full Foreign Ownership
You don’t need a local partner. You can fully own your business.
Tax Benefits
There is no personal income tax, no corporate tax (for most businesses), and no customs duty on imports and exports.
Strategic Location
Ras Al Khaimah is close to Dubai and other emirates. It also has seaports and an airport, making it easy for logistics and trade.
Things to Keep in Mind
Before starting your company, there are a few things you should remember:
Know Your Business Needs
Think about what you need. Do you need a full office or just a desk? How many visas do you need? Choose the right package based on your actual needs.
Choose the Right Business Activity
Your license will only allow you to do the activity you choose. So make sure you select the right one.
Follow the Rules
Once your business is active, make sure you follow the rules set by RAKEZ and the UAE government. Renew your license every year and file required reports.
Final Thoughts
Setting up a company in RAKEZ Free Zone is a smart choice for new and growing businesses. It is affordable, quick, and gives you access to many business-friendly features. Whether you are a freelancer, startup, or large company, RAKEZ has options for everyone.
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