Why Setup a Ras Al Khaimah Economic Zone (RAKEZ) ?
Established in 2000, Ras Al Khaimah Economic Zone (RAKEZ) is home to more than 8,500 companies from over 100 countries worldwide. Poised to gain the title most sought-after investment destination of UAE, RAK free zone company setup cost is among the reasonably priced in the Emirates. Expect quick issuance of licenses by the RAK Investment Authority, which makes this free zone in UAE ideal for businesses seeking to invest in UAE. Speak to our Ras Al Khaimah Business Registration consultant and understand the numerous benefits of company formation in RAK.
While RAK Free Zone company setup cost is one of the lowest in the region, it give entrepreneurs 100% business ownership, own free-hold properties anywhere in the UAE, and no restrictions in different types of offshore companies. The ease of doing business in RAK is undeniably beneficial for offshore companies. Consequently, a RAK offshore company does not have offices in UAE, as they can operate an offshore company by just acquiring the business or operating license issued by the RAK offshore company regulator. These companies can enjoy full access to company profits with no taxes and complete privacy which makes company formation in Ras Al Khaimah Free Zone an attractive option.
Skwer Group is one of the top business setup provider in Dubai, UAE and is a registered agent operating in RAK freezone. We are one of the best offshore company consultants providing premium RAK offshore company formation services. Skwer Group Experts will guide you through the Ras Al Khaimah Business Registration process from bank account opening in UAE, paperwork submission and other value added services such as web design and development, accounting and audit of accounts, to start your new RAK offshore company!
Prices starting from AED 11,500
Average business setup time: up to 1 week
Why setup a RAK Offshore Company ?
100% Business Ownership and Capital Repatriation
Quick Set Up Proces
Variety of Scope
Simplify Your UAE Business Setup: License Categories and Activities in RAKEZ
RAKEZ offers diverse license categories, specifically tailored to cater to various business objectives:
Each license category is uniquely designed to align with specific business activities, ensuring a seamless match for your endeavors.
Dynamic Promotions and Discounts:
Ras Al Khaimah Free Trade Zone Authority frequently presents promotions and discount campaigns, making starting your business both accessible and cost-effective. Prices commence from 5,499 AED for a zero-visa company with a 1-year contract.
Empowering Business Women:
RAKEZ introduces the “Business Women” initiative, offering women entrepreneurs a remarkable advantage. With prices 40% lower than standard rates, women can select any package and activity, all while paying less.
For those aiming for long-term savings, RAKEZ provides a 25% discount on 3-year packages. In addition, all resident visas under the company are granted free of charge, amplifying the value of your investment.
Versatile Business Activities:
Ras Al Khaimah business licenses span an extensive array of business activities, assuring you’ll find the perfect fit for your venture.
Extensive Activity Array:
RAKEZ boasts one of the UAE’s largest activity arrays among free zones. Activities are categorized, providing a comprehensive selection of options to choose from.
Explore RAKEZ for your company setup if you seek trading, manufacturing, or service excellence. With its diverse range of license types, tailored discounts, and extensive activity offerings, RAKEZ empowers you to succeed within a thriving business environment.
|License Type||0 Visa Quota / Package||1 Visa Quota / Package|
|Media||Flexi Desk (0 Visa Quota) Package cost: AED 8,240||Flexi Desk (1 Visa Quota) Package cost: AED 12,668|
|Commercial||Flexi Desk (0 Visa Quota) Package cost: AED 11,440||Flexi Desk (1 Visa Quota) Package cost: AED 15,868|
|Service||Flexi Desk (0 Visa Quota) Package cost: AED 11,440||Flexi Desk (1 Visa Quota) Package cost: AED 15,868|
|Education Training||Flexi Desk (0 Visa Quota) Package cost: AED 15,440||Flexi Desk (1 Visa Quota) Package cost: AED 19,868|
|Education Consultancy/Support Services||Flexi Desk (0 Visa Quota) Package cost: AED 14,240||Flexi Desk (1 Visa Quota) Package cost: AED 18,868|
|E-Commerce||Flexi Desk (0 Visa Quota) Package cost: AED 15,440||Flexi Desk (1 Visa Quota) Package cost: AED 19,868|
|Individual/Professional||-||Flexi Desk (1 Visa Quota) Package cost: AED 13,486|
|General Trading||Standard Office + 4 Visa Quota package: AED 25,748||Executive offices + 6 visa Quota package: AED 30,028|
Quick & Easy Company Setup Process
Get Your RAK Free Zone Company Register with Skwer Group!
Business Activities in RAK Free Zone
License for services offering manufacture of goods.
Oil & Gas
License for all oil and gas activities.
License for business in the tourism and hospitality sector.
License for providing services in selling of good online.
License for services offering consultancy in general.
Types of Ownership
Free Zone Limited Liability Company (FZ-LLC)
On the other hand, an LLC is a business structure that merges the favorable attributes of both a sole proprietorship/partnership and a genuine corporation. Generally requires 2 or more shareholders. Maximum of 5 shareholders.
Limited Liability Company (LLC)
LLC allows non-residents to own up to 49% of company shares. To establish an LLC, foreign investors are required to appoint a local sponsor or partner who holds the remaining 51% of shares. This arrangement permits business operations within the free zone area of registration and across the UAE.
Branch of Local Company
A Branch denotes an extension initiated by a parent company within RAK, featuring complete ownership by the parent company and governed by its name and activities.
Branch of Foreign Company
This legal entity is crafted for conducting business beyond the company’s original jurisdiction. It requires at least one shareholder, with no restriction on the maximum count, and may encompass both individuals and non-individuals (companies).
Main Characteristics of RAK Free Zone Company Setup
|Company Legislation||RAK Economic Zone Authority Companies Regulations of 2017|
|Time to Incorporate||4-5 Days|
|Possibility of Migration||No|
|Tax Rate||VAT at 5%|
|Share Capital||AED 1,000|
|Beneficial Ownership Disclosure||Shareholder, Director and Manager details are provided to RAKEZ, but are not publicly available|
|Directors||One as minimum and no limit for maximum (only individual)|
|Secretary||One (only individual)|
|Local Presence Requirements||No|
|Availability of Shelf Companies||No|
|Annual General Meetings||Yes|
|Filing of Accounts||No|
|Audit Requirement||Yes, but does not need to be filed|
|Registered Office Required||Yes|
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Documents Required for Ras Al Khaimah Business Registration
|The application form to start either a Free Zone Limited Liability Company or to start a Free Zone Entity|
|Copies of the manager and shareholders’ passports|
|Copies of the manager and shareholders’ UAE immigration stamp|
|A No Objection Certificate from the business sponsor|