RAKEZ (Ras Al Khaimah Economic Zone) – Special Economic Zone

Here are some of the advantages of joining the RAKEZ free zone community:

• Provides Tailor Made Business Solutions
  Ras Al Khaimah Economic Trade Zone provides tailor-made business solutions to meet clients’ requirements.
• One Stop Destination for your Business Needs
  As a RAKEZ member, you can easily access resources required to grow your business for the betterment of the company you are associated with.
• Transparent Laws and Regulations
  There is a crystal clear transparency when it comes to laws and regulations in the free zone area.

   

  • No Custom Duty
  • Avail State of Art Infrastructure
  • No Currency
  • Restriction

RAKEZ provides the following list of services that can be opted based on the business requirements:

• E-Services
  At RAKEZ, large variety of award winning services is provided to help business grow in UAE.It is a one stop location where the tasks can be accomplished in one place.
• Company Set Up Services
  The services related to setting up a company in free zone is handled effectively by RAKEZ.
• Renewal and Licensing Services
  The renewal and other relevant licensing services are covered in this.

   

  • Government Services
  • Leasing Services
  • Value Added Services also known as MAZEED provides competitive priced value added services like document attestation, recruitment, procurement etc.

The type of license depends on the activities you need to perform in the free zone:

• • Commercial Trade License
    This license works when you want to perform products trading specified in the license subject to RAKEZ regulations.
  • General Trading License
    Permit the companies to follow general trading practices as per the rules and regulations of RAKEZ.
  • Industrial License
    This license allows permit of raw materials import, carries out the specific products manufacture, assembling, exporting and packaging the finished goods to any country.
  • Service License
    This license allows the registered entity to carry out specific services like business consultants, lawyers and accounting firms.

The cost of setting up a company in RAKEZ free zone depends on the package you are opting for. There are exclusive free zone packages whose cost differs on the basis of license you have chosen.
The new registration and Renewal charges are different for different types of license. The lists of services are charged separately with the visa requirements. The documents are submitted along with the application. Once the payment is done, you receive your business license.
The following documents are required to be submitted for free zone:

• • Passport copies of all Partners and Managers
  • UID Document(residence visa, visit visa or entry stamp page)
  • Application Form
  • Business Plan
  • Specimen Signature
  • Client Confirmation Letter
  • NOC
  • DNFBP form which is applicable for certain activities