Welcome to Ras Al Khaimah Economic Zone (RAKEZ), where business potentials are unlocked and dreams are turned into reality. In the northernmost part of the United Arab Emirates, RAKEZ is a world-class business hub that offers countless possibilities for entrepreneurs and companies looking to establish or expand their presence in the region.
With its strategic location, state-of-the-art infrastructure, and business-friendly environment, RAKEZ has become an attractive destination for businesses across various industries. Whether you are a start-up seeking growth opportunities or an established corporation looking to tap into new markets, rakez free zone provides the perfect platform to achieve your goals.
Benefits of setting up a business in RAKEZ
Setting up a business in RAKEZ has many benefits that can propel your company to heights. One of the primary advantages is the strategic location of RAKEZ within the UAE. Situated just 45 minutes from Dubai International Airport and with easy access to major seaports, RAKEZ is a gateway to global markets. This strategic location enables businesses to connect with customers and suppliers worldwide, facilitating international trade and expanding market reach.
In addition to its location, RAKEZ offers a business-friendly environment that fosters growth and innovation. The economic zone provides a range of incentives and benefits to attract businesses of all sizes. These include 100% foreign ownership, no corporate or personal income taxes, and no restrictions on capital repatriation. These incentives make RAKEZ an attractive destination for foreign investors and create a favorable environment for local entrepreneurs to thrive.
Moreover, RAKEZ provides a one-stop shop for business setup and licensing services, simplifying starting a company. The streamlined registration process ensures entrepreneurs can establish their businesses quickly and efficiently. RAKEZ also offers flexible office spaces and warehouses to suit the diverse needs of companies, whether they require a small office for a start-up or a large warehouse for manufacturing operations. The availability of these facilities, combined with the comprehensive support services provided by RAKEZ, makes it easier for businesses to focus on their own activities and achieve their growth objectives.
Industries and sectors in RAKEZ
RAKEZ caters to various industries and sectors, offering business opportunities to thrive. One of the critical sectors in RAKEZ is manufacturing. The economic zone provides:
- State-of-the-art infrastructure and facilities for manufacturing companies.
- Making it a perfect location for businesses involved in industries such as automotive.
- Food processing.
With its proximity to major seaports and airports, RAKEZ enables manufacturing companies to import raw materials and export finished products quickly, enhancing their competitiveness in the global market.
Another thriving sector in RAKEZ is the trading industry. The economic zone is a trading hub connecting businesses to global markets. RAKEZ offers warehouses and logistics facilities that cater to the specific needs of trading companies, ensuring efficient storage and distribution of goods. The strategic location of RAKEZ and its logistics capabilities make it an attractive destination for businesses that are engaged in import and export activities.
In addition to manufacturing and trading, RAKEZ also attracts businesses in the service sector. The economic zone supports service-oriented businesses, including IT services, consulting firms, and creative agencies. RAKEZ offers flexible office spaces and co-working facilities that cater to the needs of service companies, providing them with a conducive environment to operate and grow their businesses.
The registration process in RAKEZ
The registration process in RAKEZ is designed to be simple and efficient, allowing entrepreneurs to set up their businesses quickly. The first step in the process is to determine the legal entity and the license type required for the company. RAKEZ offers a variety of license options, including commercial, industrial, and educational licenses, to cater to the diverse needs of businesses.
Entrepreneurs must submit the necessary company registration documents once the legal entity and license type are determined. These documents typically include the company’s memorandum of association, passport copies of shareholders and/or directors, and a business plan. RAKEZ provides clear guidelines and checklists to facilitate document submission, ensuring entrepreneurs understand the requirements clearly.
After the document submission, RAKEZ conducts a thorough review of the application. This review includes a due diligence process to ensure legal and regulatory requirements compliance. Once the application is approved, entrepreneurs can proceed with paying fees and issuing the license. RAKEZ offers various payment options, including online payment, to facilitate the process.
Once the license is issued, entrepreneurs can start operating in RAKEZ. The economic zone provides various support services to assist businesses in their operations, including visa processing, banking services, and legal support. These services ensure companies can focus on their core activities and achieve growth objectives.
Types of licenses available in RAKEZ
RAKEZ offers a wide range of licenses to cater to the diverse needs of businesses. One of the most common permits is the commercial license, which allows companies to engage in trading activities. This license suits import and export business activities, wholesale and retail trade, and general trading.
For businesses engaged in manufacturing activities, RAKEZ offers industrial licenses. These licenses enable enterprises to establish manufacturing facilities and engage in production activities. The industrial support is suitable for automotive, food processing, and textiles businesses.
In addition to commercial and industrial licenses, RAKEZ also offers educational permits. These licenses are designed for educational institutions, training centers, and research organizations. The academic support allows businesses to provide educational programs, training courses, and research activities within the economic zone.
RAKEZ also provides service licenses for businesses engaged in service-oriented activities. These licenses are suitable for companies in sectors such as consulting, IT services, and creative industries. The service license allows businesses to provide various services within the economic zone.
Business support services in RAKEZ
RAKEZ provides comprehensive business support services to assist entrepreneurs and companies in their operations. These services are designed to streamline business processes and enhance competitiveness. One of the critical support services offered by RAKEZ is visa processing. The economic zone provides visa services for employees and their dependents, making it easier for businesses to attract and retain talent. RAKEZ handles the visa application process, ensuring a smooth and efficient business experience.
Another essential support service offered by RAKEZ is banking services. The economic zone has partnerships with leading banks, enabling businesses to open corporate bank accounts and access various financial services. RAKEZ facilitates the banking process, ensuring companies can easily manage their financial transactions and access funding options.
In addition to visa processing and banking services, RAKEZ offers legal support to assist businesses with their legal requirements. The economic zone has partnerships with legal firms specializing in corporate and commercial law, providing companies with legal expertise. This support ensures businesses can navigate the legal landscape and comply with regulations.
Moreover, RAKEZ provides marketing and networking support to help businesses promote their products and services. The economic zone organizes industry events, trade fairs, and networking sessions to connect enterprises and facilitate collaboration. These initiatives enable businesses to expand their networks, explore new opportunities, and enhance their visibility in the market.
Infrastructure and facilities in RAKEZ
RAKEZ offers state-of-the-art infrastructure and facilities to meet the diverse needs of businesses. The economic zone provides flexible office spaces that are equipped with modern amenities and technology infrastructure. Whether businesses require a small office for a start-up or a larger area for a growing company, RAKEZ offers a range of options to cater to their needs. The flexible office spaces are designed to create a conducive environment for productivity and collaboration.
In addition to office spaces, RAKEZ offers warehouses and storage facilities for manufacturing, trading, and logistics businesses. These facilities are equipped with modern infrastructure and logistics capabilities, ensuring efficient storage and distribution of goods. RAKEZ also provides land plots for companies that require custom-built facilities or larger spaces for their operations.
Moreover, RAKEZ offers a range of amenities and services to enhance the quality of life for businesses and their employees. The economic zone has a dedicated business center that provides various administrative services, including mail handling, printing, and secretarial support. RAKEZ also has recreational facilities, including gyms, swimming pools, and sports courts, to promote employee well-being and work-life balance.