Company Formation Services in RAKEZ
- Business licensing
- Visa Support
- Company Registration
Business Setup in Ras Al Khaimah Economic Zone
Connect Zone can give you the support you need. So you choose the right structure for your business formation. We will streamline your processes. With us, you do not have to worry about managing difficult procedures by yourself.
Make the most out of what we have to offer. And save costs while doing so!
Requirements for Setting Up A Business in RAKEZ
RAKEZ is a major business center for businesses and investors in Ras Al Khaimah. It offers a vast range of services. These help to establish and grow successful businesses.
Setting up a business in RAKEZ is a great opportunity for any industrialist to make their mark in the UAE.
RAKEZ is the Ras Al Khaimah Economic Zone. It is home to over twelve thousand companies from over a hundred countries. This makes it a prime destination for starting your own business.
RAKEZ offers various benefits to businesses. This includes access to competitive pricing and supportive government policies.
Some of the necessary requirements for the Business Setup in RAKEZ consist of:
Business Plan
All new companies are required to have a comprehensive business plan outlining the proposed business activities and objectives.
Financial Resources
Companies must demonstrate financial resources and capacity to successfully operate in RAKEZ.
Company Documents
All documents related to the company formation must be provided for review, such as Memorandum of Association, Articles of Association, and Power of Attorney.
Business Licenses
Any necessary business licenses must be obtained prior to Business Setup in RAKEZ.
Shareholders
Companies must provide a list of the shareholders and their respective shareholdings.
Corporate Bank Accounts
We partner with top-notch banks for your RAKEZ company formation.
RAKEZ License Packages
With our packages, you will be able to obtain your RAKEZ business license in no time.
RETAIL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
NON-FINANCIAL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
FINANCIAL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
Advantages of Company Formation In Ras Al Khaimah Economic Zone
Tax Incentives
RAKEZ offers tax incentives and exemptions on corporate income tax and related taxes. This allows businesses to reduce their liabilities and Enjoy competitive pricing benefits.
Security
With strong legal framework and secure infrastructure, RAKEZ ensures necessary protection for businesses.
Access Global Markets
RAKEZ offers companies easy access to the world’s leading markets. Its extensive network of international trade and business partners empowers this.
Infrastructure
RAKEZ provides companies with modern set-up and advanced facilities. It enables them to operate at best efficiency.
Strategic Location
RAKEZ is conveniently located in the Middle East. It connects companies to the region’s vibrant markets. This provides them with a strategic advantage too.
Talent Pool
RAKEZ provides companies with access to highly-skilled professionals. It enables them to source the talent they need to succeed.
Regulatory Environment
RAKEZ has a stable and transparent regulatory setting. This allows businesses to follow local laws and regulations easier.
Efficient Processes
RAKEZ offers companies efficient and streamlined processes. This allows them to set up and operate their businesses quickly.
Banking Solutions
RAKEZ offers companies a wide range of banking and financial services. This includes loans, credit facilities, and investment opportunities.
Company Documents
When setting up a company in the UAE there is a process you must follow. The final step of this process is receiving your trade license. This document will allow you to operate legally, set up a corporate bank account and have employees. This license will explain the exact activity or activities of your company and what type of license it is e.g. commercial. It will also have each shareholders and the manager of the company listed.
The procedures for renewal, cancellation or issuance of your trade license will be fully completed in the licensing authority your company is setup in. There are three different types of jurisdictions throughout the UAE:
Free Zone
There are over 45 free zones throughout the UAE all specializing in different industries and following their own rules and regulations. The fact they all have different rules means they all have different procedure as well. This is why obtaining, renewing an cancelling the can be extremely lengthy as unless you know the full process you will face challenges along the way.
Mainland
Mainland company setup in uae are formed through the government licensing department of each individual emirate. For any task to do with your license you must do it through the Department of Economic Development in that Emirate. In different Emirates the processes and timeline will be change meaning having the help of an expert makes everything a lot smoother.
Offshore
There are several offshore jurisdictions to choose from. These companies are registered in the UAE however; they do not operate in the UAE. Each offshore authority has its own set of rules & regulations which must be followed.
RAKEZ Freezone Trade Licence Application Process
Trade Name and Initial Approval
Document Signing and Submission
Tenancy Contract and Approvals
Trade License is Issued
Frequently Asked Questions
Here are some popular questions about company formation in RAKEZ:
You will need to submit:
- MoA
- Articles of Association
- two copies of valid passport
- two copies of valid Emirates ID
- a copy of lease agreement
RAKEZ offers two types of company formations:
- Free Zone Establishment
- Free Zone Company
The type of company formation and required services will affect the total amount.
It will take two to three weeks for the business setup process.
Government Departments
