Company Formation & Business Setup
in Ras Al Khaimah Economic Zone – RAKEZ
- Business licensing
- Visa Support
- Company Registration
Business Setup in Ras Al Khaimah Economic Zone
Obtain custom business setup services for your Ras Al Khaimah Economic Zone company with us.Â
Connect Zone can give you the support you need to choose the right structure for your business formation. We will streamline your processes, so you do not have to worry about their difficulties by yourself.
Make the most out of what we have to offer and save costs while doing so!
Requirements for Setting Up A Business RAKEZ
RAKEZ is a one-stop business hub for entrepreneurs and investors in Ras Al Khaimah, offering a comprehensive range of services to help establish and grow successful businesses. Setting up a business in RAKEZ can be a great opportunity for any entrepreneur looking to make their mark in the UAE.
RAKEZ is the Ras Al Khaimah Economic Zone, located in the northern emirate of the United Arab Emirates. It is home to over 12,000 companies from over 100 countries, making it a prime destination for entrepreneurs looking to start their own business. RAKEZ offers a wide range of benefits for businesses, including access to world-class infrastructure, competitive pricing, and supportive government policies.
Here are some of the necessary requirements for the company formation in RAKEZ:
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 company formation 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 other related taxes. This allows businesses to reduce their liabilities and Enjoy competitive pricing benefits.
Security
With its strong legal framework and secure infrastructure, RAKEZ ensures businesses have the necessary protection when incorporating in the zone.
Access Global Markets
RAKEZ offers companies easy access to the world’s leading markets, with its extensive network of international trade and business partners.
Infrastructure
RAKEZ provides companies with modern infrastructure and state-of-the-art facilities, enabling them to operate at optimum efficiency.
Strategic Location
RAKEZ is conveniently located in the Middle East, connecting companies to the region’s vibrant markets and providing them with a strategic advantage.
Talent Pool
RAKEZ provides companies with access to highly-skilled professionals, enabling them to source the talent they need to succeed.
Regulatory Environment
RAKEZ has a stable and transparent regulatory environment, which makes it easier for businesses to comply with local laws and regulations.
Efficient Processes
RAKEZ offers companies efficient and streamlined processes, allowing them to set up and operate their businesses quickly and effortlessly.
Banking Solutions
RAKEZ offers companies a wide range of banking and financial services, such as 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:
To form a company in RAKEZ, you will need to submit the Memorandum and Articles of Association, two copies of valid passport, two copies of valid Emirates ID, and a copy of the lease agreement, if applicable.
RAKEZ offers two types of company formations: Free Zone Establishment (FZE) and Free Zone Company (FZC).
The cost of company formation in RAKEZ depends on the type of company being formed and the services you require.
The process of business setup in RAKEZ typically takes around 2 to 3 weeks.
Government Departments
