Ras Al Khaimah Economic Zone (RAKEZ)
Prices starting from AED 8,280 | Average business setup timeframe less than a month
About Ajman Free Zone Authority (AFZA)
The Ras Al Khaimah Economic Zone (RAKEZ) is just a newly created organization that merges the Ras Al Khaimah (RAK) Free Trade Zone Authority with the RAK Investment Ability to control and manage the financial sector in RAK, an Emirate of a United Arab Emirates. Moulham Al Chawa, the organization’s top legal counsel, leads an eight-member group that needs one senior legal counsel, four fundamental advises one research, secretary, coordinator, and admin director. RAKEZ is a governing authority that built mostly on the success of the RAK Free Trade Zone, which opened in 2000, and even the Ras Al Khaimah Investment Authority, which debuted in 2005, with over 100 nations and 50 industries represented.
RAKEZ offers clients and investors a cost-effective business solution and a global economic zone, as well as fast and easy processes and state-of-the-art facilities. RAKEZ’s clients also can reach out to them via their business and promotional centers throughout the UAE, and also their foreign liaison offices.
Free Zone Offices And Warehouses
The formation of a corporation in Ras Al Khaimah is an excellent idea for any business, and it’s especially good for those who need warehouse space. RAKEZ is one of the few Free Zones that always seems to have a supply of custom-built warehouses and industrial land available for development. Staff and labor accommodations can be built or rented off of the shelf. They provide all of the benefits that a Jebel Ali company set up offers, and on a considerably relatively small scale.
- The process is simple and quick.
- Services and amenities that can be customized
- 100 percent capital and profit repatriation
- Exemption from across all taxes in full
- Foreign ownership is 100 percent.
- Ease of doing business in the MENA area Easy access to important markets
- Setup a business at such a low cost
- All of an investor’s demands may be met in one place.
- Industrial infrastructure that is well-developed
- Master planning for development from its completeness
- Investor-friendly policies and a stable government
- Commercial and tourism facilities, as well as value-added services
A business license in Ras Al Khaimah may be acquired for just a wide range of operations so that you can be sure to find what you need. RAKEZ is among the most extensive business listings of any of the UAE free zones. There are many a few different types of activities.
Individual / professional E-commerce
Some operations need that a company’s management possess an appropriate educational degree, which should be shown by a certificate attested by the UAE Embassy throughout the country of origin. Usually, these activities are connected with a licensed professional which necessitates certain qualifications, including such:
Bookkeeping and accounting
Consultation on aviation
Architectural consulting and design
Consulting in communication engineering, among other things.
Free Zone Company Setup
It takes roughly a week to set up a business in Ras Al Khaimah. Your personal visit will be required, but you would not have to go all the way to Ras Al Khaimah; instead, you can contact the zone’s representative office in Dubai.