The United Arab Emirates has quickly become one of the most attractive business hubs in the world, thanks in part to its many free zones that offer flexibility, affordability, and growth potential. Among them, RAKEZ (Ras Al Khaimah Economic Zone) stands out as a strategic and investor-friendly option. Located in the emirate of Ras Al Khaimah, RAKEZ is known for supporting startups, SMEs, and large enterprises across various sectors.
What is RAKEZ Free Zone?
This article explores what makes RAKEZ Free Zone a smart business move for entrepreneurs looking to establish a presence in the UAE. RAKEZ is a powerful economic zone formed by the consolidation of two entities: RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). This merger created a single, stronger organization that serves more than 15,000 companies from over 100 countries. RAKEZ offers a wide range of facilities and services to meet the needs of different types of businesses, from freelancers and startups to industrial giants.
RAKEZ is divided into several zones, including business parks, industrial zones, and academic areas, allowing businesses to choose the right environment for their operations. It’s regulated by the government of Ras Al Khaimah, which ensures strong support and smooth operations for companies.
Business-Friendly Features of RAKEZ
One of the main reasons RAKEZ is popular among investors is the wide range of benefits it offers:
Affordable Setup Costs
RAKEZ is known for offering one of the most cost-effective company setups in the UAE. Its packages are especially attractive to small businesses and startups that want to minimize their initial investment.
Wide Range of Business Licenses
Whether you’re planning to run a commercial, educational, industrial, or media-based company, RAKEZ offers various license types tailored to your specific activity.
100% Foreign Ownership
RAKEZ allows foreign entrepreneurs to have full ownership of their businesses without the need for a local partner.
Tax Benefits
Companies operating in RAKEZ enjoy zero personal and corporate taxes, along with no import or export duties within the free zone.
Strategic Location
Located close to Dubai and other major UAE cities, RAKEZ offers excellent access to local, regional, and international markets. Its proximity to ports and airports makes it ideal for trade and logistics businesses.
Flexibility and Support
RAKEZ provides tailored business solutions, including customizable office spaces, warehouses, and industrial land. It also offers visa services, bank account support, and efficient company registration procedures.
Steps to Set Up a Business in RAKEZ
Setting up a company in RAKEZ is simple and fast, often taking just a few days if the documents are in order. Here’s a general overview of the process:
Choose your business activity
RAKEZ offers a wide list of permitted activities. Pick one that best matches your services or products.
Select your license type
Based on your activity, choose from commercial, educational, e-commerce, media, or industrial licenses.
Decide on your company structure
You can set up as a Free Zone Establishment (FZE), Free Zone Company (FZC), or a branch of an existing company.
Pick your office or facility
Options include flexi-desks, standard offices, warehouses, and land for development.
Submit your documents
Required documents usually include a passport copy, business plan, visa details, and application forms.
Pay the fees
Once you select your package and submit your documents, you pay the setup and license fees.
Receive your license and start operating
Once approved, your company license will be issued, and you can begin operations.
RAKEZ vs Other UAE Free Zones
RAKEZ is often compared to other free zones in Dubai, Sharjah, and Abu Dhabi. While all free zones offer attractive benefits, RAKEZ stands out for its low cost, fast setup time, and flexibility. It’s especially ideal for cost-conscious entrepreneurs and those in industrial sectors, as it provides large plots of land and high-quality infrastructure.
Unlike some other free zones, RAKEZ also offers access to both free zone and non-free zone facilities, giving you more control over where and how you operate. Its support services and customer care are consistently rated highly by investors.
Conclusion
RAKEZ Free Zone is more than just a business location; it’s a launchpad for entrepreneurs, freelancers, and companies seeking growth in the UAE and beyond. With its strategic location, competitive pricing, supportive government policies, and flexible business solutions, RAKEZ continues to attract thousands of investors from across the world.
Whether you’re launching a new idea, expanding your operations, or simply looking for a cost-effective and well-managed base in the Middle East, RAKEZ offers everything you need to succeed. It’s not just about setting up a company—it’s about building a future.