Start your Business Today in
Ras Al Khaimah Economic Zone (RAKEZ)
Established in 2000, RAKEZ stands as a beacon of opportunity for entrepreneurs seeking a dynamic business environment in the UAE. Entrepreneurs benefit from RAKEZ’s unparalleled advantages, including customizable business solutions tailored to both free zone and non-free zone entities. With over 12,000 companies from more than 100 countries already thriving within its ecosystem, RAKEZ offers a diverse and multinational community conducive to growth and innovation.
RAKEZ is a powerhouse business and industrial destination that provides customizable solutions to businesses across various sectors.
Furthermore, RAKEZ boasts modern infrastructure, backed by reputable credit rating agencies, ensuring a secure and stable business environment. Its commitment to safety, stability, and business-friendly policies sets it apart as a premier investment destination in the region.
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Why RAKEZ?
Streamlined Business Setup
Our tailored business packages ensure a simplified and expedited setup process, empowering entrepreneurs to establish their ventures swiftly and efficiently.
Comprehensive Support Services
From secretarial assistance to access to government services, our one-stop-shop approach provides comprehensive support, enabling businesses to focus on growth without administrative hassle.
Flexible Workspace Solutions
Whether it's shared workstations or customizable offices of various sizes, we offer flexible workspace options in a premier business center, catering to diverse business needs.
Foreign Ownership Advantage
Enjoy full ownership of your company without the need for a local partner, along with unrestricted foreign exchange transactions, making entry and operation easier for non-locals.
License Options at RAKEZ
Commercial License
Facilitates the trade of goods and services.
- Free Zone
- Non Free Zone
Educational License
Allows for the establishment of educational institutions or consultancy services.
- Free Zone
E-Commerce License
Facilitates online trade of goods and services.
- Free Zone
General Trading License
Enables trading across various categories of goods.
- Free Zone
Professional License
Allows individuals to engage in specific professional activities.
- Free Zone
Key Requirements for Getting a License in RAKEZ
Individual Shareholder
- Application forms duly signed by the authorised signatory
- 3-year business plan
- Passport and visa copy of shareholders / directors, and manager
- CV of shareholder (s) / directors / manager
- Stamped original bank reference letter; or 6-month bank statement
Corporate Shareholder
- Application forms duly signed by the authorised signatory
- Audited financial report
- Copy of company profile
- 3-year business plan
- Letter from the shareholding company for the appointment of a manager
- Board resolution calling for the establishment of a Meydan Free Zone company, attachment of specimen signature, passport copy & power of attorney for manager, director & secretary
- Company documents issued within a day
- Capital repatriation without restrictions
- 0% import or re-export duties
- 0% personal income tax
- Easy bank account setup
Happy Clients, Happy Business
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Steps to Launching Your Business
Take the first step towards success with our expert guidance.
1
Document Collection and Submission
Gather all necessary documents such as passport copies, business plan, and application forms. Submit these to the relevant government authorities or free zone administrators.
2
Pre-Approval Process
Authorities review the submitted documents to ensure they meet the regulatory requirements. Pre-approval may include initial checks on the business activity, trade name, and ownership structure.
3
Document Signing
Sign the required legal documents, which might include the Memorandum of Association (MOA), lease agreements, and any other agreements required by the business setup authority.
4
License Issuance
Once the documents are approved and signed, the business license is issued. This license officially allows you to conduct business in the UAE under the specified activity.
5
Establishment Card
If you are starting a business in the UAE, you would need to have an establishment card to complete any procedure related to hiring new employees or issuing their visas.
6
Visa Issuance
Apply for visas for you and your employees. This process includes medical tests, Emirates ID registration, and obtaining the residency visa stamp on passports.
7
Bank Account Process
Opening a business bank account in the UAE is useful when registering your company in the UAE. Open a corporate bank account with a local bank. Provide the bank with all required documents, including the trade license, MOA, passport copies, and residency visas of the company’s shareholders and signatories.
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