Benefits of Starting Your Business in the RAK Free Zone

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Cost Effective:

Setting up a business in RAK is very cost-effective. The operating cost is quite low compared to the other economic zones in the Emirates.

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Simplified process:

Starting a business in RAK is extremely easy and quick. The requirement of paperwork is minimal, thus saving a lot of time.

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Great logistics connectivity:

A significant advantage of establishing a business in the RAK-free zone is convenient access to adjacent airports and seaports, which can reduce your overall operational costs.

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Industrial plots:

Big enterprises can opt for large customized industrial plots for better management of massive projects.

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Warehouses of all sizes:

With RAK you can get to choose from a wide range of warehouses of all sizes as suited for your business type.

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100% ownership:

RAK offers 100% ownership of the company to foreign investors. This eliminates the need to have a local sponsor.

RAKEZ is a big supporter of new businesses, small companies, and global manufacturers setting up in the UAE. It's in Ras Al Khaimah, and it helps more than 18,000 companies in over 50 different areas. RAKEZ, created by the Ras Al Khaimah Government, is here to make starting a business easier for startups, small businesses, and big industries.
RAK offers great potential to global investors with a variety of licenses along with customized facilities for your business. The RAK free zone also has some great options for logistics facilities as it lies close to major seaports, and airports.

Benefits of Starting Your Business in the RAK Free Zone

Cost Effective: Setting up a business in RAK is very cost-effective. The operating cost is quite low compared to the other economic zones in the Emirates.

Simplified process: Starting a business in RAK is extremely easy and quick. The requirement of paperwork is minimal, thus saving a lot of time.

Great logistics connectivity: A significant advantage of establishing a business in the RAK-free zone is convenient access to adjacent airports and seaports, which can reduce your overall operational costs.

Industrial plots: Big enterprises can opt for large customized industrial plots for better management of massive projects.

Warehouses of all sizes: With RAK you can get to choose from a wide range of warehouses of all sizes as suited for your business type.

100% ownership: RAK offers 100% ownership of the company to foreign investors. This eliminates the need to have a local sponsor.

What are the Key Steps to Starting a Business in Ras Al Khaimah

  • Define Your Business Activity: Before starting the business license process, investors need to specify the type of business activity. Each activity has unique legal regulations and fees, with some requiring specific conditions related to the location site.
  • Choose Your Legal Category: Different legal categories, like Limited Liability Companies (L.L.C), fit various businesses based on their type and nature. Regardless of legal status, all investors must visit the General Directorate of Residency & Foreigners Affairs in the Department of Economic Development for approval.
  • Register Your Trade Name: After determining the activity and legal status, select a unique trade name for the establishment. Initial approval allows investors to proceed with license issuance procedures, including obtaining approval from concerned authorities for the business activity.
    Investors can rent a business site after visiting the Monitoring & Consumer Protection Administration to examine and approve the location.
  • Get Approvals from Concerned Authorities: After initial approval, visit other concerned authorities for their approval, as defined by the required activity. Some activities may solely require approval from the Department of Economic Development.
  • Obtain Your Business License: After securing approvals, proceed to fulfill all legal requirements for business license issuance at the Department of Economic Development before receiving the final license.

 

What are the types of Licenses provided by RAKEZ?

  • Industrial License: An industrial license from RAKEZ enables entrepreneurs to set up their manufacturing business in the UAE. Obtaining an industrial license in Ras Al Khaimah also requires companies to lease a warehouse. This specific corporate entity provides opportunities for significant global trade and access to markets in over 17 nations.
  • Commercial License: This license is designed for businesses involved in trading, import/export, or other commercial activities.
  • Professional License: This license is tailored for individuals pursuing specific professions or trades, such as doctors, engineers, or accountants.
  • Service License: This license is intended for businesses offering services like consulting, IT, marketing, or other professional services.
  • Education License: This license is suitable for businesses providing education and training services, such as language schools or vocational training centers.
  • Media License: This license is designed for businesses involved in media-related activities like publishing, printing, or broadcasting.
  • Freelance Permit: This license is tailored for individuals aspiring to work as freelancers or self-employed professionals.
  • General Trading License: This license is designed for businesses looking to participate in general trading activities, including the trading of various goods or services.

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