Ras Al Khaimah Economic Zone (RAKEZ) is a consolidation of two free zones namely; RAK Free Trade Zone and RAK Investment Authority. RAKEZ is located in the emirate Ras Al Khaimah, United Arab Emirates. The strategic location of RAK, closest to the far eastern nations: India, China, Pakistan, gives it a unique position among the umpteen number of free zones available in the country.
Why RAKEZ ?
RAKEZ is a powerhouse business and industrial hub in the UAE that uniquely offers customisable solutions to free zone and non-free zone businesses. It is open to businesses of all sizes— from freelancers and startups to multinational companies in over 50 industries. The customizable packages and services available at RAK free zone make it one of the most sought-after and happening trade zones in UAE.
RAKEZ Zones :
- RAKEZ BUSINESS ZONE
– Trading, service and consultancy businesses.
- AL HAMRA INDUSTRIAL ZONE
– Manufacturing, industrial projects, trading, assembly and logistics.
- AL GHAIL INDUSTRIAL ZONE
– Manufacturing, industrial projects, trading, assembly and logistics.
- AL HULAILA INDUSTRIAL ZONE
– Manufacturing, industrial projects, trading, assembly and logistics.
- RAKEZ ACADEMIC ZONE
– Schools, universities, institutes, academic consultancy and services.
- MEDIA ZONE
– Radio, TV, Magazines, Broadcast, Film Production, Events Management, etc.
Benefits :
- 100% direct tax free
- Complete ownership and profit repatriation
- No customs duty on re-exported goods
- Access to prominent UAE airports and seaports
- Very fast and convenient business set-up processes
- Both free zone and non-free zone options are available.
- RAKEZ has special packages for women entrepreneurs
- Investors and employees of RAKEZ companies can sponsor their families.
- Interconnectivity to logistical hubs and highways
- Provision for on-site staff and labour accommodation.
Types of License in RAKEZ:
The below-listed license options are available for any RAKEZ company:
1. Commercial
2. Educational
3. E-Commerce
4. General trading
5. Individual/professional
6. Industrial
7. Media
8. Service
9. Professional
10. Freelancer Permit
– Trading in services and goods
– Opening An education-related institution or consultancy company
– Trading in goods and services via electronic means
– Trading in multiple goods
– One owner with one activity in a specific specialty or expertise
– Manufacturing, importing, packaging and exporting products
– Operating media-related business activities
– Conducting services or consultancies across any industry
– For individuals who provide professional services
– For media, education, IT and analysts professionals
Legal Entities in RAKEZ :
There are several kinds of legal entities from which you can choose:
1. Free Zone Entity
- Free Zone Limited Liability Company (FZ-LLC)
2. Non-Free Zone Entity
- Individual Establishment
- Limited Liability Company (LLC)
3. Branch
- Branch of Local Company
- Branch of a Foreign Company
Facilities in RAKEZ :
From co-working spaces to full-scale industrial facilities, RAKEZ offer you the ideal facility at your stage of development. There are several kinds of legal entities from which you can choose:
✓ Serviced Offices
✓ Coworking Space
✓ Shell & Core Offices
✓ Standard Offices
✓ Executive Offices
✓ Land for Development
✓ Warehouses
✓ Staff and Labour Accommodation
Documents Required :
The following documents are required to form a company with Ras Al Khaimah Economic Zone:
- Coloured passport copy / emirates ID (for UAE residents).
- Visa copy and entry stamp (if the person is in the UAE).
- No objection certificate for general manager (for UAE residents).
- Shareholders resolution resolving establishment of RAKEZ company and appointment of general manager (for corporate shareholder).
- Trade license / certificate of registration of existing business (for corporate shareholder).
- Memorandum and articles of association (for corporate shareholder).
- Certificates of good standing or certificate of incumbency (for corporate shareholder).
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com