Company Formation in Rakez
Start your RAKEZ company with expert support that speeds up approvals and gives you a clear, affordable and compliant business setup in the Ras Al Khaimah Economic Zone.
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Ras Al Khaimah Economic Zone (RAKEZ) is a prominent free zone located in the emirate of Ras Al Khaimah, UAE, and established in 2017. It merged two key economic zones, RAK Free Trade Zone and RAK Investment Authority, to offer a consolidated business hub with diverse benefits for enterprises. RAKEZ business setup offers strategic advantages such as competitive pricing, state-of-the-art facilities, and simplified business processes.
Company formation in Rakez offers the key benefit of enjoying 100% foreign ownership, making it highly attractive for international investors. The zone caters to various industries, including manufacturing, trading, services, and logistics, and offers customized solutions for businesses of all sizes.
To navigate the setup process, many businesses engage a Rak company setup consultant for expert guidance. These consultants streamline the process, ensuring a hassle-free experience. For entrepreneurs and businesses seeking a dynamic and cost-effective base, Rakez business setup presents an excellent opportunity to thrive in a supportive environment. For professional assistance, contact Global Incorporations for expert advice on setting up your business in RAKEZ.
Affordable Packages, Exceptional Support.
Onshore Packages
RAKEZ PACKAGE A – ZERO VISA PACKAGE
AED 7,100
- license fees – 5 activities
- registration fees
- virtual office fees
Company Setup Procedure in Rakez
- Choose the legal structure of the firm you want to register.
- Pick an activity from the list of options.
- Request name and preliminary approval.
- Payment of expenses associated with establishing a RAKEZ business.
- Sign the company’s incorporation and registration paperwork.
- Residency visa application.
Characteristics of Business Setup in RAKEZ are as follows
Manufacturing/Trading/Service/Education & Media related activities.
FZ – LLC (Limited Liabilities Company) and Branch.
Individuals only (Minimum one. Shareholder can also be Director)
Industrial/Commercial trading/General trading, Media, E- Commerce, Educational & Service license are available.
Shareholder can be Individuals or Corporate entity (max 50).
AED 10,000 (10 shares of AED 1,000 each) if the FZ – LLC is used for the RAKEZ Setup and AED 0 if the branch office is used.
Documents Required
Documents Required for Company Formation in RAKEZ
The requirements for business set up in Ras Al Khaimah Economic Zone depend on whether a shareholder is an individual or a corporate entity. The basic requirements are:
- Passport copy of shareholder/director/manager (colored)
- EID & residence visa of shareholder/director/manager (colored)
- Passport size photo with white background of shareholder/director/manager
* All shareholders (or authorized attorney in case shareholder is a corporate entity) are required to personally visit and sign in presence of licensing authority before incorporation of the company. Alternatively they can issue a POA duly attested by UAE consulate in their country of residence & thereafter attested by UAE Ministry of Foreign Affairs (which may cost approx. AED 2,500/- per POA).
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Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.