Company Setup in RAKEZ | Company Formation in RAKEZ

Ras Al Khaimah Economic Zone

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RAS AL KHAIMAH FREE ZONE

RAKEZ Free Zone

RAKEZ, which stands for Ras Al Khaimah Economic Zone, is one of the prominent free zones in the United Arab Emirates. It is located in the emirate of Ras Al Khaimah, strategically positioned for trade and business activities. RAKEZ is known for providing an ideal platform for businesses to thrive, offering a wide range of benefits and incentives for both local and international investors.

Business Setup in RAKEZ offers entrepreneurs and businesses a streamlined and investor-friendly process. RAKEZ provides a comprehensive selection of business licenses and legal structures to suit various business activities. Whether you are interested in manufacturing, trading, services, or other sectors, RAKEZ offers tailored solutions to meet your specific business needs.

RAKEZ Free Zone Company Setup – Benefits

100% Ownership : Investors can retain full ownership of their businesses, with no local partner or sponsor required.
Tax Efficiency : RAKEZ offers a tax-free environment, ensuring that businesses can enjoy maximum profitability.
Strategic Location : Positioned in Ras Al Khaimah, RAKEZ provides easy access to global markets, especially the MENA region.
Modern Infrastructure : RAKEZ offers state-of-the-art facilities, including office spaces and warehouses, enhancing business operations.
Investor Support : Dedicated support and services simplify the setup process and ongoing business operations.
Visa Services : RAKEZ streamlines visa applications for investors, employees, and dependents.
Long Leases : Investors can secure land or office space on a long-term lease basis, providing stability for their businesses.
Accessibility : RAKEZ’s strategic location near major ports and highways ensures efficient logistics and connectivity.
Diverse Company Structures : RAKEZ offers a range of company structures to suit various business needs, from startups to large enterprises.
Compliance Assistance : RAKEZ provides guidance on regulatory requirements, ensuring that businesses adhere to legal obligations.

These advantages make RAKEZ an attractive destination for businesses looking to establish a presence in the UAE while enjoying a business-friendly and cost-effective environment.

Company Structures in RAKEZ

In RAKEZ (Ras Al Khaimah Economic Zone), investors can choose from various company structures based on their business needs and objectives. The common company structures available in RAKEZ include:

This is a popular option for small to medium-sized businesses. It offers limited liability to the shareholders while allowing 100% foreign ownership. FZ-LLCs can engage in various business activities as per their chosen license.

If you already have an existing company outside RAKEZ and wish to establish a presence in the free zone, you can opt for a branch setup. This allows you to operate in RAKEZ under the umbrella of your parent company.

Similar to the branch of a foreign company, a UAE-based company can establish a branch in RAKEZ to expand its operations into the free zone.

Designed for solo entrepreneurs and freelancers, this structure allows individuals to operate as a legal entity within RAKEZ. It is a cost-effective option for those providing freelance services.

OPC is a type of Free Zone Limited Liability Company designed for single entrepreneurs. It offers the advantages of limited liability and 100% ownership for a sole shareholder.

These structures are suitable for larger businesses with multiple shareholders. Public joint-stock companies can be listed on the stock exchange, while private joint-stock companies are not publicly traded.

LLPs are available for businesses that require flexibility in the management structure. They provide limited liability to partners while allowing a more diverse management approach.

If you only need a non-trading presence in RAKEZ for purposes such as market research or networking, a representative office may be the right choice.

The specific structure you choose depends on factors such as the nature of your business, the number of shareholders, and the extent of liability protection you require. Working with business setup consultants in RAKEZ can help you determine the most suitable company structure for your business and ensure a smooth setup process.

Documents Required for Company Formation in RAKEZ

The specific documents required for company formation in RAKEZ (Ras Al Khaimah Economic Zone) may vary based on the type of business activity and the legal structure you choose. However, the following are common documents often needed for the process of company setup in RAKEZ:

Business Plan : A detailed business plan outlining your business activities, financial projections, and objectives is typically required.
Application Form : You will need to complete the official application form provided by RAKEZ.
Memorandum of Association (MoA) and Articles of Association (AoA) : These documents define your company’s structure, ownership, and operational guidelines. They should be prepared in compliance with UAE regulations and RAKEZ requirements.
Passport Copies : Copies of passports for all shareholders, directors, and stakeholders associated with the company.
Visa Eligibility Documents : Depending on your visa requirements, you may need to provide documents such as educational certificates or professional qualifications.
Proof of Address : Evidence of the residential address of shareholders and stakeholders, which can include utility bills or lease agreements.
Bank Reference Letter : A reference letter from your bank indicating your financial standing is often necessary.
No Objection Certificate (NOC) : If you are currently employed in the UAE, an NOC from your current employer may be required.

- Certificate of Incorporation of Parent Company : If you are establishing a branch of an existing company, you need to provide the certificate of incorporation of the parent company registered outside RAKEZ.
- Board Resolution : A board resolution from the parent company’s board of directors, indicating the decision to establish a branch in RAKEZ, is typically required.
These document requirements can vary based on the specific type of business and license you are pursuing within RAKEZ. It is highly recommended to work with business setup consultants or legal advisors experienced in RAKEZ company formation to ensure that you have all the necessary documents in order and to streamline the application process. These experts can provide tailored guidance to meet your business’s unique requirements.

Business Licenses for Company Formation in RAKEZ

RAKEZ (Ras Al Khaimah Economic Zone) offers a wide range of business licenses to cater to the diverse needs of investors and entrepreneurs. Here are some of the key types of licenses available for company formation in RAKEZ:

Commercial License

This license is suitable for businesses involved in trading activities, including importing, exporting, and distributing various products.

General Trading License

With a general trading license, businesses can engage in a broader spectrum of trading activities, covering a wide range of goods and products.

Consultancy/Services License

This license is designed for businesses offering professional services such as consulting, legal services, accounting, and more.

Industrial License

Industrial licenses are for companies involved in manufacturing, production, and industrial activities. This includes businesses that import raw materials, manufacture products, and export finished goods.

Visa and Immigration Services

We facilitate the visa application process for you and your employees, ensuring a smooth relocation to Dubai.

Freelancer Permit

RAKEZ also provides options for freelancers, allowing them to conduct their freelance activities legally within the free zone.

E-commerce License

Ideal for online businesses, this license permits the sale of products and services through digital platforms.

Educational License

For educational institutions and training centers, this license allows the establishment of schools, colleges, and other educational facilities.

Media License

Media companies, including publishing houses, advertising agencies, and broadcasting companies, can obtain a media license.

Event Management License

Event management businesses can operate legally in RAKEZ with this specific license.

Healthcare License

Healthcare and medical service providers can acquire a license to offer medical and healthcare services.

Agricultural License

Designed for businesses involved in agriculture and farming, this license supports agricultural activities.

Tourism License

Businesses operating in the tourism and hospitality sector can choose this license to offer services to visitors and tourists.

Real Estate License

Real estate companies can obtain a license to operate within RAKEZ, facilitating property-related activities.

Technology License

This license is for tech-related businesses, including software development and technology services.

It’s important to note that the specific requirements and conditions for each type of license may vary. Business setup consultants in Dubai like Corpin Consultants can provide detailed guidance on the most suitable license for your business activities and help navigate the application process efficiently. Contact us today with your company formation requirement today!