Ras Al Khaimah Economic Zone (RAKEZ)
Start & Evolve Your Business in RAKEZ With Ease.
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PREMIUM BUSINESS HUB
Expand Your Business with RAKEZ
Established in 2017 through the merger of RAK Free Trade Zone and RAK Investment Authority, Ras Al Khaimah Economic Zone (RAKEZ) has rapidly become one of the UAE's most dynamic economic zones. Home to over 15,000 companies from more than 100 countries, RAKEZ offers a strategic location just 45 minutes from Dubai, with excellent connectivity, world-class infrastructure, and a cost-effective business environment. Its diverse ecosystem supports businesses of all sizes across multiple sectors, making it an ideal launchpad for companies looking to establish or expand their presence in the MENA region.
100% Foreign Ownership
0% Corporate & Income Tax
Diverse Facility Options
Cost-Effective Packages
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Companies
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Countries Represented
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Capital Repatriation
Our Comprehensive RAKEZ Solutions
Evolve Consultancy offers end-to-end business setup and support services for Ras Al Khaimah Economic Zone, tailored to your specific requirements
Company Formation
Complete handling of your RAKEZ company establishment process, from initial application to final approval, ensuring all regulatory requirements are met efficiently.
Facility Selection
Expert guidance in selecting optimal facilities in RAKEZ, including flexi desks, offices, warehouses, and land plots based on your business type and growth plans.
Visa Processing
Efficient handling of residence visa applications for investors, employees and dependents, including medical testing, Emirates ID and visa stamping procedures.
Bank Account Setup
Assistance with corporate bank account opening in UAE's leading banks, preparation of all required documentation, and banking relationship management.
License Selection
Expert consultation on choosing the right license type (Commercial, Industrial, Educational, E-Commerce, Media, or Service) based on your business activities and strategic objectives.
Document Authentication
Complete handling of document legalization, attestation and authentication required by UAE authorities for business setup in RAKEZ.
Legal Compliance
Ensuring your business meets all RAKEZ regulatory requirements, including company documentation, approvals and legal structure in accordance with UAE laws.
Activity Selection
Guidance on selecting and registering the optimal business activities for your RAKEZ license to maximize operational flexibility and future growth opportunities.
License Renewal
Timely management of your RAKEZ license renewals, ensuring business continuity and compliance with the latest regulatory requirements and fee structures.
PRO Services
Dedicated PRO assistance for government transactions, document processing, and administrative procedures throughout your business operations in RAKEZ.
Accounting & Audit
Professional accounting, bookkeeping and audit services tailored to RAKEZ requirements and UAE financial regulations, including VAT and corporate tax compliance.
Business Expansion
Strategic guidance on business growth, including activity additions, capacity expansion, and establishing operations in UAE mainland or other free zones.
Why Choose Evolve Consultancy for Your RAKEZ Business
Time Efficiency
We minimize setup time by efficiently managing all procedures and anticipating requirements in advance.
Expert Guidance
Our consultants have extensive experience specifically with RAKEZ regulations and procedures.
Cost Optimization
We help you select the most economical setup options while ensuring they meet your business needs.
End-to-End Service
From initial consultation to operational business, we handle every aspect of your RAKEZ journey.
Your RAKEZ Journey With Evolve
We simplify the complex setup process with our structured approach, handling all the details so you can focus on your business
1
Initial Consultation
Our experts analyze your business needs, objectives, and preferred operational model to develop a tailored RAKEZ setup strategy. We outline available options, requirements, and timelines during this comprehensive consultation.
Business needs assessment
License type recommendation
Cost & timeline projection
2
Documentation & Application
We prepare and review all required documentation for your RAKEZ application, ensuring everything meets regulatory standards. Our team handles the submission process and follows up with authorities to expedite approvals.
Document preparation & verification
Application submission
Authority liaison & follow-up
3
Facility Selection & Setup
Based on your business requirements, we help you select the optimal facility within RAKEZ, including flexi desks, offices, warehouses, or land plots. Our consultants arrange viewings, negotiate terms, and manage the leasing process to secure the best possible arrangement.
Facility options assessment
Lease agreement negotiation
Setup coordination
4
Visa & Legal Registration
We process residence visa applications for you, your employees, and dependents as applicable. Our team handles the entire procedure, including medical testing, Emirates ID applications, and visa stamping to ensure compliance with UAE immigration laws.
Visa application processing
Legal documentation
Government processing
5
Banking & Financial Setup
We assist with corporate bank account opening, introducing you to suitable banking partners and preparing all necessary documentation. Our consultants guide you through the process, helping you establish essential financial infrastructure for your business operations.
Bank selection assistance
Account opening support
Financial documentation
6
Operational Launch & Ongoing Support
Once your RAKEZ company is established, we provide comprehensive support to ensure smooth operations. Our team remains available for license renewals, additional visa processing, regulatory compliance, and any other business support services you may require.
Operational guidance
Regulatory compliance
Ongoing business support
Typical Timeline
The complete RAKEZ setup process typically takes 1-3 weeks depending on business complexity and requirements
Dedicated Support
A dedicated consultant will guide you through each step with regular updates and transparent communication
Frequently Asked Questions
Common questions about establishing and operating a business in Ras Al Khaimah Economic Zone
What is RAKEZ and where is it located?
Ras Al Khaimah Economic Zone (RAKEZ) is a powerful business hub established in 2017 through the merger of RAK Free Trade Zone and RAK Investment Authority. Located in Ras Al Khaimah, the northernmost emirate of the UAE, RAKEZ is approximately 45 minutes from Dubai and offers excellent connectivity via highways, airports, and seaports.
What are the main benefits of setting up a business in RAKEZ?
RAKEZ offers numerous advantages, including 100% foreign ownership, 100% repatriation of capital and profits, 0% corporate and personal income taxes, no currency restrictions, and exemption from import/export duties. Additionally, it provides cost-effective packages, flexible facility options, and streamlined business setup procedures with lower operational costs compared to other UAE free zones.
How long does it take to set up a company in RAKEZ?
With proper documentation and preparation, a company can be established in RAKEZ within 1-3 weeks. The actual timeline can vary based on the business activity, company structure, and how quickly required documents can be processed. Working with an experienced consultant like Evolve UAE can significantly expedite the process.
What types of licenses are available in RAKEZ?
RAKEZ offers various license types including Commercial License (for trading activities), Services License (for professional services), Industrial License (for manufacturing), Educational License (for educational institutions), Media License (for media-related activities), and E-Commerce License (for online businesses). Each license type permits specific business activities that must be declared during application.
What are the legal entity options in RAKEZ?
Businesses can be established in RAKEZ as a Free Zone Establishment (FZE) with a single shareholder, a Free Zone Company (FZC) with multiple shareholders, or as a Branch of an existing local or foreign company. Each structure has different requirements regarding shareholders, capital, and operational scope.
What is the minimum capital requirement for a RAKEZ company?
RAKEZ is known for its flexible capital requirements. While there is no mandatory minimum capital for most business types, the recommended initial capital varies based on your business activities and structure. Our consultants can advise on the optimal capital structure for your specific business model to ensure compliance with all regulations.
How many visas can I obtain with a RAKEZ company?
The number of visa allocations depends on your facility type, size, and business activities. Packages with flexi desks typically come with 1-3 visa allocations, standard offices may offer 3-6 visas, while warehouses or land plots may qualify for more visas based on the space size. Additional visas can be applied for based on business needs and justification.
What types of facilities are available in RAKEZ?
RAKEZ offers a variety of facility options including flexi desks (shared workspaces), executive offices, standard offices of various sizes, warehouses, and land plots for development. The choice of facility depends on your business activities, operational requirements, and budget considerations. RAKEZ also offers unique hybrid packages combining office and warehouse facilities.
What are the costs involved in setting up a company in RAKEZ?
RAKEZ is known for its cost-effective business setup packages, with license costs starting from approximately AED 8,000 to 15,000 depending on the package and business type. Additional costs may include facility rent, visa processing fees, and service charges. RAKEZ frequently offers promotional packages that may include free visas or reduced fees. Our consultants can provide a comprehensive cost breakdown tailored to your specific business needs.
Can a RAKEZ company do business in the UAE mainland?
RAKEZ companies can conduct business with UAE mainland companies but cannot directly operate or open branches in the mainland without additional licensing. To sell directly to the mainland market, you would typically need a mainland distributor or establish a separate mainland entity. Our consultants can advise on the best structure for your specific business needs and market strategy.
Still have questions?
Our consultants are ready to provide personalized answers to your specific inquiries about RAKEZ business setup