Business Setup in Ras Al Khaimah (RAKEZ)

RAKEZ free zone is the government initiative to pump investment into the Ras Al Khaimah emirate. Its policies center around promoting business networking and venture opportunities among companies in different industries across the globe. It is formed to build a dependable and professional working environment for professionals and entrepreneurs across scale and size of the verticals they operate in. The feature packed infrastructure blended with quick approvals on registration and licensing make the RAKEZ free zone one of the most prestigious locations for global businesses. As the northern most emirate it offers a unique confluence of East and West, a hallmark for businesses that want to grow and thrive in a competitive landscape.

Free Zone Company setup in RAKIA - EBS
Free Zone Company Formation In RAKIA - EBS

Benefits of forming free zone companies in RAKIA free zone

RAKEZ free zone makes certain that all facilities and features work towards driving a productive corporate environment. Right from industrial land to warehouses and offices, there are a lot of choices for business owners depending on the nature of their business. The minimal documentation, favorable government policies, and swift approval are factors that weigh heavily in a company’s choice to set up business in RAKEZ. Check out some of the benefits your company receives when you explore options company formation in RAKEZ:

  • A broad array of business activities is allowed for a given license issued by the RAKEZ free trade zone authorities.
  • 100% foreign ownership and 100% repatriation of capital and profits for business owners.
  • No personal or corporate tax at all.
  • License issued in quick time, thus bringing down the incorporation and set up time taken.
  • State of the art infrastructure like telecom, data, broadband, and IT setup.
  • Streamlined licensing and quick business startup process.
  • Right from cubical offices and executive offices, to flexi-desk and regular offices, you can opt for a range of corporate set up depending on your specific business needs.

Types of licenses available

A range of business set up can procure different types of licenses based on the nature of operations conducted at their set up. Here are a few types of licenses available:

  • Industrial license.
  • General Trading license.
  • Trading license.
  • Service/ Consulting license.
  • Commercial license.
  • Media license.

Types of legal entities

Single owner company

A sole proprietor can set up an FZE and operate the business

Multiple owners

Companies with more than one owner (shareholders) can establish an FZC in RAKEZ free zone

Limited Liability Company (LLC)

Companies where owners are not held liable for the companies debts or liabilities are formed as LLC here in RAKEZ

Procedure to set up the company

Select the type of business entity

Pick from one of the above-mentioned four types of business entities you would want to set up in RAKEZ and pick up the necessary legal forms.

Procure license

Based on your specific line of business, you can register for one of the licenses types available in RAKEZ. For e.g. if you are a professional, you would want to opt for a consulting/ professional license.

Sign up office lease

You need to have a physical address in RAKEZ for processing the approval to operate in the free zone. You can sign up for a lease and keep the rental agreement ready for submission.

Get a unique trade name

You need to reserve a unique trade name with the RAKEZ free trade zone authorities as a part of commencing business here in the free zone.

Make payment

There are fees applicable to registering trade name, license procurement application, and company registration. At this stage, you need to make the payment at the counter in order to take the process ahead.

Start business

Once you receive the license and the necessary approvals, you are free to start conducting your business at RAKEZ.

Why EBS?

EBS provides all round assistance to companies irrespective of their size or industry verticals, to enable successful company formation in RAKEZ. Our team of experts specializes in all processes being carried out smoothly at the most appropriate time, so that there is no delay or red tape around your business set up in RAKEZ free zone. Be it producing the correct set of paperwork in the initial stages, and procuring the right type of license, to assisting with a suitable corporate space within the free zone area, we can do it all. Our in-depth domain experience helping businesses set up operations here has made us the go-to partner to facilitate company formation in RAKEZ with successful outcomes.

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