We all know that there are various options and jurisdictions to choose for your business setup in UAE free zones.
The Ras Al Khaimah Economic Zone is one of the oldest and most professional Freezones in the UAE and therefore, it is very popular.
RAKEZ is now one of the largest economic zones in the region, covering approximately 33 million square metres of land and is connected to growing markets of the Middle East, North Africa, Europe as well as South and Central Asia.
Every free zone in the UAE offers common benefits like 100% exemption from corporate tax and 100% ownership.
If you are planning to set up a business in UAE and you are looking for an investment ground, then RAKEZ will be an excellent location for you.
Ras Al Khaimah Economic Zone offers free zone and non-free zone entity formations, and provides easy access to fast-growing markets in the Middle East, North Africa, Europe, South and Central Asia through the major logistical hubs
available in the UAE.
Whether you are a startup or an experience entrepreneur, RAKEZ offers a wide variety of benefits. From shared workstations in the business centers, private office spaces, underdeveloped facilities that can be customized according
to your needs to unlimited land space to build facilities.
From freelancers and startups to SMEs and industrialists, the economic zone’s multinational community of over 14,500 companies is flourishing in over 50 different industries.
The process of company formation in Ras Al Khaimah Economic Zone is smooth and cost-effective. The entrepreneurs have to choose a company name after selecting the business activity. The company name should not be blasphemous
nor should it contain any offensive or religious references. After choosing the company name, one can apply for the license. The following documents are required for the company registration process in RAKEZ:
The documents required for a new registration include:
- Application form for Free Zone Entity (FZE) or Free Zone Limited Liability Company (FZLLC)
- Passport copies of Shareholder and Manager
- Latest visa copy or UAE immigration stamp of Shareholders and Managers
-
No Objection Certificate (NOC) letter from sponsor if Manager holds a valid UAE resident visa
- Other required documents or third party approvals.
- Permission for 100% foreign ownership
- Tax exemption
- No duties on import and export
- Zero customs duty for goods and services
- Easy incorporation
- Business-friendly rules and regulations
- Quick
access to the workforce, partners and proximity to customers
A RAKEZ company may apply for shareholder and/or employee residence visas after receiving its licence. The residence permit is valid for three years for the shareholders and for two years for employees.
The number of visas that may be applied for by the company depends on the size of the office (one visa per 9 sq. m.). A Flexi Office package offers up to two residence visas. The minimum age at which a UAE residence visa
can be obtained is 21 years old.
General Trading License: Permits the companies to store, distribute and import all goods as per the rules and regulations of RAKEZ
Commercial Trade License: Allows products trading specified in the license subject to the RAKEZ regulations.
Service License: Enables the registered entity to carry out specific services like business consultants, lawyers, and accounting firms.
Industrial License: Permits the raw materials import, carries out the specific products manufacture, assembling, exporting, and packaging the finished goods to any country.
Our team of professional experts is committed to providing you the best solutions regarding company formation in Dubai. UAE Free Zones spectrum of services
covers all aspects of doing business in the UAE. When you work with us, you simply outline your requirements and we’ll take care of the rest. Our services make the business registration process quick and easy.
We are always open to your enquiries, comments and suggestions that may help us serve you in a better way. Talk to our Business Setup Experts to know about all cost-effective business setup packages in RAKEZ!
Contact us!