Company Formation in RAKEZ Free Zone

We at Gryffin Capitalist can help you set up your company in RAKEZ Freezone. RAKEZ Free Zone offers many perks for the companies operating in the free zone. Set up your RAKEZ Freezone Company Today!

Here are some of the major benefits offered by the Free Zone:

Complete Exemption Of Corporate Tax And Income Tax
No Currency Restrictions
No Customs Duty

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<span>Company Formation in RAKEZ Free Zone </span>

Ras Al Khaimah Economic Zone (RAKEZ)

Ras Al Khaimah Economic Zone (RAKEZ) is a leading economic zone in the United Arab Emirates (UAE) that offers many benefits to businesses looking to establish themselves in the region.

With various company formation options and streamlined licensing procedures in place, RAKEZ provides a supportive environment for entrepreneurs and investors to start and expand their businesses.

Benefits Of Company Formation in RAKEZ

The registration process is quick and easy

100% ownership

Complete exemption from income and corporate taxes.

Capital and profit repatriation is guaranteed.

UAE residency and visas are issued quickly.

Labor restrictions are reduced.

Take advantage of cutting-edge infrastructure.

No currency restrictions.

No customs duty is applicable

Excellent accessibility to the airport and seaport

Transparent legislation and regulations

Furnished offices and warehouses

Ras Al Khaimah Economic Zone (RAKEZ) is a leading economic zone in the United Arab Emirates (UAE) that offers many benefits to businesses looking to establish themselves in the region.

With various company formation options and streamlined licensing procedures in place, RAKEZ provides a supportive environment for entrepreneurs and investors to start and expand their businesses.

Business Activities In RAKEZ Freezone

You may obtain a Ras Al Khaimah business license for various business activities.
The activity list of RAKEZ is listed below:

Commercial
Service
Industrial
Media
Educational
Individual/professional E-commerce

Some activities require a company manager to have a relevant educational degree, which must be proven by a certificate attested by the UAE Embassy in the country of origin.

Typically, such activities are related to a professional service that necessitates specific qualifications, such as:

Accounting and Bookkeeping
Architectural design and consultancy
Aviation consultancy
Communication engineering consultancy and many more.

List of Four Free Zone Parks In RAKEZ Freezone

RAKEZ offers four unique free zone parks in the Ras Al Khaimah Economic Zone, each designed to cater to the specific needs of businesses in various industries. These free zone parks are:

Al Hamra Industrial Zone

The free zone park is ideal for heavy industries, manufacturing, and logistics companies that require large land areas and specialized facilities. Al Hamra Industrial Zone offers world-class infrastructure, including warehouses, workshops, and distribution centers.

Al Ghail Industrial Zone

The free zone park suits light to medium industries, such as food processing, construction materials, and packaging. Al Ghail Industrial Zone provides modern facilities, including showrooms, offices, warehouses, and access to a skilled workforce.

Al Hulaila Industrial Zone

The free zone park is focused on renewable energy, petrochemicals, and other high-tech industries that require advanced facilities and infrastructure. Al Hulaila Industrial Zone offers a range of specialized facilities, including laboratories, testing centers, and research and development (R&D) facilities.

RAKEZ Business Zone

The free zone park is designed for commercial and service-oriented businesses like trading, consulting, and media companies. RAKEZ Business Zone provides modern office spaces, conference rooms, other support services, and access to a diverse and skilled workforce.

License Types For Ras Al Khaimah Economic Zone Company Formation

RAKEZ offers a variety of business licenses to cater to the needs of different types of businesses. These include:

Industrial License: The license suits businesses involved in manufacturing, assembling, or production activities.
Commercial License: The license suits businesses engaged in trading, general contracting, and other commercial activities.
Service License: The license suits businesses providing consulting, IT, and other professional services.
Import Export License: Allows the import of raw materials, manufacturing of specific products, and exporting and packaging of finished goods to any country.

Substance Requirements For Company Formation In RAKEZ

RAKEZ has imposed substance requirements, and many activities now fall under them. Therefore, they will need to be registered under particular circumstances, such as:

Dedicated office space or a warehouse
Submission of a business plan
Having a company manager on a company resident visa

Documents Required

Passport copy

Visa /Entry permit Copy

Director/Shareholder passport photos

Additional documents depending upon business activity

How To Setup a Business in RAKEZ Freezone?

Choose a Business Activity and Name

Be clear on what business you need to incorporate and choose a unique name for your business that is not already in use in the free zone company register.

Submit Application Form and Required Documents

Fill out the application form and submit your documents.

Obtain Your License

Upon the due diligence process, the authority issues your business license.

Lease an Office Space

After obtaining the license, you can rent/lease office space in the RAKEZ premises.

Open a Bank Account

You can open a bank account to carry out company transactions.

Why Choose Gryffin Capitalist to Setup a RAKEZ Free Zone Company Formation?

For many years, our business consultants in Gryffin Capitalist have assisted investors in starting a business in RAKEZ. Hence, our advisors are happy to assist you if you require information about opening a company in RAKEZ.

Please contact us if you need help registering a company in RAKEZ! We have a variety of solutions that are appropriate for your stage of development. Contact us, and we would be delighted to assist you!

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Strong belief in long-term client relationships

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Efficient and Transparent Process

What our clients say

Very Prompt Service

Ameena Elsayed | Asghar Trading

"Gryffin Capitalist has assisted us with the opening of an offshore bank account without much hassles. I have faced issues with other companies regarding the required documents and process"

Seamless company Incorporation process

Richard Taylor | Zenith Commerce

"I contacted Gryffin Capitalist to incorporate my company in the British Virgin Islands. The consultants were proactive in explaining the process and getting necessary documents in a single go thereby avoiding any resubmission and saving a lot of time."

Great Service by the team

Jennifer McAdams | Tristar Services

"The team at Gryffin capitalist was very helpful in my company incorporation in the UAE. After the sales, the operations team was proactive and followed up regularly to get the company registered."

Frequently Asked Questions (FAQs)

RAKEZ stands for Ras Al Khaimah Economic Zone, a free zone UAE that offers various business services and facilities for companies looking to set up business in the UAE.

The requirements to start up a company in RAKEZ vary depending on the type of company being formed. Generally, companies must provide proof of identity and address for shareholders and directors, as well as a business plan and financial projections.

Obtaining a business license in RAKEZ involves submitting a license application and supporting documents to the RAKEZ licensing department. The application will be reviewed, and the license will be issued if approved.

Yes, a RAKEZ company can operate outside of the free zone. However, the company must obtain additional licenses and permits from the relevant authorities to work in other parts of the UAE.

The time it takes to set up a company in RAKEZ varies depending on the type of company being formed and the completeness of the application. Generally, the process can take anywhere from a few days to weeks.