Starting a business in the UAE is an exciting venture, especially with the rapid economic growth and favorable tax policies. Among the various free zones in the country, RAKEZ (Ras Al Khaimah Economic Zone) has gained significant attention from entrepreneurs and investors. With its cost-effective solutions and strategic location, RAKEZ offers an ideal environment for business formation. Here’s everything you need to know about RAKEZ company formation.

What is RAKEZ?

RAKEZ is one of the leading free zones in the UAE, located in Ras Al Khaimah (RAK). Established to encourage foreign investment, RAKEZ provides businesses with a range of services, including licensing, visa issuance, and office space rental. The free zone is home to more than 14,000 companies from various sectors, including technology, manufacturing, logistics, and media.

RAKEZ offers an array of business setup options, including free zone establishments, branch offices, and subsidiaries, making it an attractive choice for both startups and established businesses looking to expand in the Middle East.

Key Benefits of RAKEZ Company Formation

1. Affordable Setup Costs One of the primary reasons entrepreneurs are drawn to RAKEZ is the affordable cost of setting up a company. RAKEZ’s pricing structure is among the most competitive in the UAE, making it a great choice for individuals or companies with a tight budget.

2. Full Foreign Ownership Like most UAE free zones, RAKEZ allows for 100% foreign ownership. This means that entrepreneurs do not need a local sponsor or partner to start a business in the region, ensuring full control over their company’s operations.

3. Tax Incentives Companies operating in RAKEZ benefit from tax exemptions, including a 0% corporate tax rate for up to 50 years. Additionally, there is no personal income tax, no VAT (Value Added Tax) on most services, and no customs duty on imports and exports, making it an incredibly tax-efficient environment.

4. Wide Range of Business Activities RAKEZ is home to a diverse range of industries, from e-commerce and media to manufacturing and consulting. Entrepreneurs can easily register a company in a sector that aligns with their expertise or interests, making it easy to access the benefits of RAKEZ’s extensive business ecosystem.

5. State-of-the-Art Infrastructure RAKEZ offers top-tier infrastructure, including fully serviced offices, warehouses, and land for larger manufacturing operations. Whether you’re starting a small office-based business or need expansive industrial space, RAKEZ has the facilities to accommodate.

6. Simple and Streamlined Process The RAKEZ company formation process is straightforward and efficient. With a dedicated team to help guide you through every step, setting up a company in RAKEZ typically takes only a few days. This makes it a popular choice for entrepreneurs looking to get their business off the ground quickly.

The RAKEZ Company Formation Process

The process for forming a company in RAKEZ is designed to be hassle-free. Here's a breakdown of the steps involved:

1. Choose Your Business Activity The first step in the process is to decide on your business activity. RAKEZ offers various licenses based on the type of business you plan to run, such as trading, service, industrial, or e-commerce licenses.

2. Select a Company Structure Once you’ve chosen your business activity, the next step is to select your preferred company structure. RAKEZ allows for different types of entities, including:

   • Free Zone Establishment (FZE)
   • Free Zone Company (FZC)
   • Branch Office
   • Representative Office

3. Submit Your Application After deciding on the business activity and structure, you will need to submit your application to RAKEZ. This includes submitting a business plan, proof of identity, and other supporting documents.

4. Receive Your License Once your application is approved, you will receive your business license. RAKEZ issues various types of licenses, depending on the nature of your business. After obtaining the license, you can start your business operations.

5. Office Space and Visas After receiving your license, you can secure office space through RAKEZ. Additionally, you can apply for residency visas for yourself and your employees, making it easier to manage your operations in the UAE.

Types of Licenses in RAKEZ

RAKEZ offers several types of licenses to accommodate a variety of businesses:

• Commercial License: Ideal for businesses involved in trading goods or services.
• Service License: Designed for companies providing services, such as consulting or media production.
• Industrial License: For manufacturers and industrial operations looking to set up in RAKEZ.
• E-commerce License: Perfect for online businesses that want to take advantage of RAKEZ’s digital infrastructure.

RAKEZ: The Best Choice for Entrepreneurs

Whether you're an entrepreneur looking to start a new venture or an established business seeking a cost-effective base in the UAE, RAKEZ offers the perfect platform for growth. Its competitive pricing, tax benefits, and comprehensive support services make it an attractive option for businesses of all sizes.

With a straightforward registration process, RAKEZ helps entrepreneurs navigate the setup process with ease, ensuring they can focus on growing their business in the dynamic UAE market.

In conclusion, RAKEZ is not just a place to start a company — it’s a place to thrive. With its global connectivity, favorable regulations, and vibrant community, RAKEZ offers entrepreneurs the perfect launchpad for success in the Middle East.