The RAKEZ focuses on creating opportunities that make it easier and more convenient for individuals and teams to start their companies in the UAE. However, the UAE government and the free zone’s authority take full responsibility for compliance, ease, and convenience according to the laws of the UAE.

In addition, the Ras Al Khaimah Economic Zone also proffers companies with high-end co-working spaces, executive office spaces, core and shell units to companies, warehouses, and allowed land for further company development. The free zone also takes responsibility for providing on-site labor accommodation, which allows foreign company employees to live and work at the same place conveniently while offering employers easy options for negotiation.

The Ras Al Khaimah Economic Zone, established by the government of RAK in 2000, has management that assists and supports entrepreneurs with their start-ups and existing companies in the premises of the UAE. The RAKEZ encourages SMEs and industrialists to participate in the profitable and economic zone with their business setups. The perks provided include a good and reliable range of licenses in the UAE with customizable facilities and world-class infrastructure, a professional setting, and first-class support. The perks also include visa facilitation for employers and employees alike, along with labor accommodation.

Benefits of Initiating Business in Ras Al Khaimah Economic Zone

 

The Free Trade Zone in RAK, UAE, offers immense advantages for companies seeking advanced and world-class infrastructure and setup for their newly formed businesses. This Emirati Free Zone in RAK is undoubtedly a powerhouse for businesses, keeping pace with modern world technology since the start of 2000. There are numerous reasons to choose RAKEZ, one of which is its cost-effectiveness.

The RAK Economic Zone encompasses a wide range of business segments and offers a variety of licenses, which are mentioned below in the write-up. It also provides customizable facilities along with first-class customer support services. Ras Al Khaimah Free Zone aims to make starting a business easy and seamless, offering tailor-made packages and smart solutions while ensuring swift and efficient service delivery and streamlined documentation processing. In addition, the zone prioritizes diversification to meet the diverse needs of businesses.

Some more benefits of initiating a business or corporation in RAKEZ include:

1. Cost-effective business packages
2. Shared workstations in a premier business center with professional environment opportunities
3. Nurtured and assisted industrial hub
4. Ability to build on-site staff and get labor accommodation and foreign employee hiring permit
5. Easy and seamless location for government services
6. Business operations accessibility according to international standards
7. Ready-made availability of facilities
8. State-of-the-art offering with competitive pricing
9. Customer-friendly representatives

In addition, RAKEZ offers the following advantages:

1. Strategic location with excellent connectivity
2. Access to a robust infrastructure and advanced utilities
3. Wide range of business support services
4. Diverse talent pool and skilled workforce
5. Flexible company setup options to suit specific business needs
6. Incentives and tax benefits for businesses
7. Enhanced networking and collaboration opportunities with other companies in RAKEZ
8. Proximity to key markets and global trade routes
9. Pro-business regulations and streamlined processes
10. Access to training and development programs
11. Opportunities for business expansion and diversification.

By establishing your business or corporation in RAKEZ, you can leverage these advantages to drive growth, profitability, and success.

RAKEZ Commercial License and Business Activity

It is offered to entrepreneurs for the purpose of trading of goods and services. The company requesting commercial license can be registered as a free-zone entity or non-free zone entity, as per the requirements of the business activities and owner’s will and preference. In other words, commercial activities includes import and export trading of services and goods.

RAKEZ Educational License and Business Activity

It is a license offered to investors willing to enter the education industry or business including the initiation of educational organization or consultancy. By applying for this license, the entrepreneur can initiate any educational or skill-related institute in the RAK Economic Zone. In other words, educational activities include everything related to educational institutions and consultancy.

RAKEZ E-Commerce License and Business Activity

It is a license offered to business owners when they are willing to trade goods or services via an online presence, portal and platform. Business owners fully focus on digital presence and virtual set-up with this license type. In other words, e-commerce activities includes trading of services and goods via digital and electronic means.

RAKEZ General Trading License and Business Activity

Business owners can apply for general trading license to increase and maximize their limit of goods to be able to occupy warehouse set-up from the free zone. General trading activity includes the trading of multiple and large amounts of goods or services.

RAKEZ Industrial License and Business Activity

Industrial activities includes everything related to manufacturing and production. It also includes importing, exporting, and packaging done by the same company for business purposes. Therefore, the companies that operates primarily in manufacturing and procuction must opt for industrial license to get the facilities related to this department and business segment.

RAKEZ Media License and Business Activity

Media activities include operations related to media production, and media-related business. This particular license has been introduced to encourage the media industry investors to the RAK Economic Zone and provide them with state-of-the-art set-up.

RAKEZ Professional/Service License and Business Activities

Professional activities include providers of professional services at-home or in-house requiring a specific set of skills, expertise and/or speciality. Similarly, this license is offered to professionals offering their servicing activities conducting consultancy in various industries. A service license is offered to entrepreneurs and business owners to hold professional, skillful services across any industry in the Emirati Free Zone in RAK.

RAKEZ Freelancing License and Business Activity

Freelancing activities in all fields of education, media-related, and digital for individuals willing to pursue it.

RAKEZ Tourism License and Business Activity

A tourism license is offered exclusively to entrepreneurs willing to operate tourism –oriented business activities in Ras Al Khaimah Free Zone.

The free zone accepts applications from all the above-mentioned fields. For more information on any particular sector or segment, feel free to contact Accelerate Ideas. We also offer business consultancy through professionals along with full assistance in application and documentation procedures.

License Application Process in Ras Al Khaimah Economic Zone

The brief detail on how to apply for a license in the Emirati Free Zone in RAK includes:

The license application process is simple if you choose the concerned authorities. You will be required to provide: The complete application form can be found on the official website of RAKEZ, or you can get it after visiting the office. Get in touch with Accelerate Ideas to obtain the form as well. A copy of your passport with six months validity A colored passport-size photograph A business plan outlining 3 to 6 months of operations, objectives, and duties The application can be directed to the RAKEZ managing authority, both online and offline. However, if you choose a professional agent company like Accelerate Ideas, you can ensure a complete and hassle-free experience, free from errors. Additionally, you will receive timely and smooth responses as well as submissions.