Company Formation in RAKEZ – Ras Al Khaimah Economic Zone

The Ras Al Khaimah Economic Zone Authority (RAKEZ) was established in 2017 building on 17 years of consistent value generated by RAK FTZ and RAKIA. It is the result of an initiative on the part of His Highness Sheikh Faisal Bin Saqr Al Qasimi, Chairman of the Ras Al Khaimah Finance Department to set up the emirate’s free trade zone.

Currently RAKEZ has four fully operational “parks” – The Business Park, Industrial Park, Technology Park and Academy Zone – with plans to develop additional industry-specific sites in the future. Today approximately more than 13,000 companies from 100 countries are enjoying to do their business into Ras Al Khaimah Economic Zone.

Characteristics of RAKEZ Company Setup:

Location:

Ras Al Khaimah Economic Zone, Ras Al Khaimah, (U.A.E.)

Proposed activity:

Manufacturing/Trading/Service/Education & Media related activities can be carried out in RAKEZ.

License available:

Industrial/Commercial trading/General trading, Media, E- Commerce, Educational & Service license are available options for RAKEZ – Ras Al Khaimah Economic Zone.

Type of entities:

FZ – LLC (Limited Liabilities Company) and Branch

Shareholder:

Shareholder for Ras Al Khaimah Economic Zone (RAKEZ) Company can be Individuals or Corporate entity (maximum 50)

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 10,000/- (10 shares of AED 1,000/- each) in case of FZ – LLC for RAKEZ Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Audit report is required to be filed with RAKEZ.

Estimated time:

1- 2 weeks to obtain trade license of the company and register a company in RAKEZ (Ras Al Khaimah Economic Zone)

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

RAK Free Zone License Cost:

RAKEZ Company Setup begins from AED 11,540/-

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in RAKEZ.

Other Notes for Company Formation in RAK

1. Document to be legalized with UAE Embassy in case of corporate shareholder
2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
3. Company Immigration/Establishment card to be renewed every year
4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in RAKEZ. Our company acts as a one stop solution for RAKEZ company incorporation services.

If you are looking for RAKEZ company setup, please get in touch with us for professional assistance

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in RAKEZ (Ras Al Khaimah Economic Zone) or Company Formation in Dubai

RAK Free Zone Company Setup Cost

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.