RAKEZ FREE ZONE COMPANY FORMATION
Ras Al Khaimah Economic Zone (RAKEZ) is a popular free zone located in the Emirate of Ras Al Khaimah, UAE. It offers a range of benefits for businesses looking to establish a presence in the UAE, including 100% foreign ownership, zero personal and corporate tax, and no restrictions on capital repatriation.
RAKEZ stands out as a hub for business excellence, providing a platform for entrepreneurs and companies to thrive in a supportive and forward-thinking environment. With its strategic advantages, cost-effective solutions, and commitment to sustainability, RAKEZ remains a preferred destination for those seeking to establish a presence in the UAE.
Benefits of RAKEZ Free zone
- 100% foreign ownership
- Tax exemptions
- No currency restrictions
- Strategic location
- Easy company formation process
- Wide range of business activities
- Access to world-class infrastructure
Types of Business License in RAKEZ Free zone
RAKEZ (Ras Al Khaimah Economic Zone) offers various types of licenses to cater to the diverse needs of businesses operating within its free zone. Here are some key types of licenses available for RAKEZ free zone companies:
Commercial License: Allows companies to engage in trading activities such as buying, selling, and distribution of goods. It is suitable for businesses involved in import and export.
General Trading License: This license is an extended version of the commercial license and enables businesses to trade in a wider range of products.
Industrial License: Issued for companies involved in manufacturing, processing, and industrial activities. It allows businesses to set up manufacturing facilities within the free zone.
Service License: Designed for businesses providing services such as consultancy, marketing, IT services, and other professional services.
Educational License: Applicable to educational institutions, training centers, and companies offering educational services.
E-commerce License: Tailored for businesses engaged in online trading and e-commerce activities. It facilitates digital commerce operations within the free zone.
Media License: Issued for companies involved in media-related activities, including publishing, broadcasting, and production.
Consultancy License: Suitable for businesses providing consultancy services in various fields such as management, finance, and legal advisory.
Freelancer Permit: Allows individuals to work as freelancers in their respective fields of expertise. It is ideal for professionals offering specialized services.
Commercial Brokerage License: Issued for businesses engaged in commercial brokerage activities, including the buying and selling of commercial properties.
Services
RAKEZ Free zone Company Formation Process
Choose a Business Activity
Choose a Company Type
Choose a Company Name
Submit Required Documents
Obtain Initial Approval
Sign the Lease Agreement
Obtain Final Approval and License
Types of Companies allowed in RAKEZ Free zone
RAKEZ offers several types of companies for investors to choose from:
An FZE is a company with a single shareholder, either an individual or a corporate entity.
An FZC is a company with two to five shareholders, either individuals or corporate entities.
A foreign company can establish a branch in RAKEZ.
A local company can also establish a branch in RAKEZ.
Documents Required for RAKEZ Free zone Company Formation
For Free Zone Company (FZC) and Free Zone Establishment (FZE):
- The application form for company setup in RAKEZ.
- Passport copies of shareholders, directors, and any other key personnel involved in the company.
- Copies of UAE residency visa and Emirates ID for shareholders and directors.
- A detailed business plan outlining the nature of the business, proposed activities, and financial projections.
- A copy of the MOA, detailing the company’s objectives and structure.
- A copy of the AOA, outlining the rules and regulations governing the company’s internal affairs.
- Specimen signatures of shareholders and directors.
- Certificate confirming the reservation of the proposed trade name for the company.
- A resolution authorizing specific individuals to act on behalf of the company during the setup process.
- If any shareholder or director is transferring from another company or sponsorship, a No Objection Certificate may be required.
- A reference letter from the bank for each shareholder or director.
- Proof of address for shareholders and directors, such as utility bills or a tenancy contract.
For Branch of a Foreign Company:
In addition to the above documents, the following may be required:
Certificate of Incorporation: Certificate proving the legal existence of the foreign company.
Memorandum and Articles of Association of the Foreign Company: Copies of the documents governing the foreign company’s structure and operations.
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