RAK Free Zone Business Setup
Ras Al Khaimah Free Zones
RAK free zone is the fastest emerging free zone in UAE due to its trading activity. It is situated in Ras Al Khaimah, one of the most beautiful emirates in UAE with more investment opportunities for foreign investors. RAK free zone is prominent with its amazing location along with shipping and offshore activities as it is located near India, China, Iran, and Pakistan. Ras Al Khaimah free zone is known as RAKEZ (Ras Al Khaimah Economic Zone) comprises of RAK Free Trade Zone (RAKFTZ) and the RAK Investment Authority (RAKIA).
At Bytes, we are offering customizable offers and packages for setting up your business in the Ras Al Khaimah free zone. With our extensive knowledge of government laws and policies, it will be easy for us to tackle each step of company formation. Let your trading activities expand internationally with our RAK free zone business setup services. Contact us soon!
Ras Al Khaimah Economic Zone(RAKEZ)
RAKEZ is the consolidated form of RAKFTZ and RAKIA. Ras Al Khaimah Free Trade Zone was established in the year 2000 and RAK Investment Authority in the year 2005. Both free zones combined to form RAKEZ in the year 2017 for the economic development of the emirate. RAKEZ is the best option for startups, freelancers, SMEs, and industries as it is known as the top investment hub in UAE. The main benefit of RAKEZ is that it provides you flexible option to choose a free zone or a non-free zone company formation. RAKEZ consists of a variety of warehouse facilities like customizable warehouses and several plots for industrial development.
Ras Al Khaimah free zone license can be obtained for a variety of business activities. RAKEZ is the major attraction of foreign investors because of its liberal government policies, flourishing economy, long term customer relationship, and friendly trading connection with the other neighboring countries or main logistics hub. Business setup in RAKEZ is cost-effective with zero percentage personal and corporate income tax and complete custom tax exemption.
If you are planning to start an industrial or manufacturing business, then RAKEZ is the opted one due to its brilliant offers and advantages. And you can contact us for business setup in RAK free zone or RAKEZ and we can guide you throughout the processes.
Benefits of RAK Free Zone
- 100% ownership
- 100% tax exemption
- 100% return on capital and profits
- No personal or corporate tax
- Very affordable
- Investor friendly laws and policies that provide complete security of investment with incentives
- The hassle-free and efficient business setup process
- Accessibility to international airports and seaports in UAE
- Connectivity to international markets
- Self-service customer portal
- No customs duty on import, export, or services
- Extraordinary facilities and services
Types of Licenses in Ras Al Khaimah Free Zone
Business Setup Procedures in RAKEZ
- Decide the type of business activity that you are going to do before starting the business setup procedures.
- Select the legal form of the company
- Apply for company registration
- Choose the company name and submit it to the free zone authority for trade name reservation
- Register the trade name
- Submit all the required documents for approval and issuance of business license
- Get the initial approval and special approvals
- Submit the documents for the issuance of the payment voucher
- Fulfill all the requirements for licensing and pay the fees
- Get the trade license
- License application form
- Certificate of incorporation
- Business Plan
- Reference letter from a bank
- Passport copies of the shareholder
- Name of the company or proposed trade name