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How to Start a Business in Ras Al Khaimah Free Zone

How to Start a Business in Ras Al Khaimah Free Zone

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    For business setup in UAE there are many options across the states. Ras Al Khaimah Economic Zone (RAKEZ) is one of the top choices for the global investors to start a business as it offers affordability with flexible business solutions. It is easier to launch and operate business in the region with Aurum’s support.

    Company formation in RAK is convenient as RAK free zone supports a wide range of industries from trading and manufacturing to digital services. Their specialized zones offer streamlined processes. This blog will take you through the detailed process for business setup in RAK Free Zone and how Aurum will facilitate your RAK company formation.

    Benefits of Business Setup in RAKEZ

    Feature Description
    Wide Business Scope Access to more than 4,000 permitted business activities across various sectors.
    Support for Women Tailored packages crafted for female entrepreneurs looking to start strong.
    Flexible Jurisdiction Business setup options available in both free zone and mainland environments.
    Activity-Specific Zones Dedicated zones built to support industrial, commercial, and educational ventures.
    Full Capital Return 100% repatriation of profits and invested capital is allowed.
    Freelancer-Friendly Special license options designed specifically for independent professionals.
    Variety of Office Solutions Choose from flexi desks, shared spaces, or private offices ready for use.
    Ownership & Tax Perks Benefit from full foreign ownership and 0% personal income tax.

    Business Setup Process in RAK Free Zone

    Ras Al Khaimah Economic Zone (RAKEZ) offers both free zone and non-free zone options to facilitate every type of business structure. The tailored solutions of RAKEZ makes business setup accessible and cost-effective for entrepreneurs. From a consultancy business to opening a trading firm, or starting a manufacturing unit, RAKEZ helps you meet your business goals. Here’s a step-by-step guide how Aurum helps you start your journey:

    Step 1: Free Consultation with Aurum

    For us, the first step is understanding your business vision. With our complimentary consultation, we learn about your goals. Then, we recommend the most suitable specialized zone as per your needs. It is important to note that RAKEZ operates multiple zones. Each of them caters to a different type of business.

    Step 2: Choose Your Business Activity

    RAKEZ offers over 4,000 licensed activities spanning 50+ sectors. You get the freedom to define your business scope. When we are clear about your business activity, we help you determine the license you will apply for.

    Here are the available RAKEZ license types and key activities that are covered under each license:

    License Type Best For Key Activities Covered
    Commercial License Businesses trading goods or services Importing, exporting, distributing various products
    Educational License Schools, training centers, and education consultants Coaching, academic advising, skill development programs
    E-Commerce License Online stores and digital service providers Selling goods/services via digital platforms
    General Trading License Businesses dealing in multiple product categories Trading across various goods without category restrictions
    Individual/Professional License Freelancers and solo consultants Niche services like design, IT, marketing, or coaching
    Industrial License Manufacturing or production companies Manufacturing, packaging, assembling, and exporting goods
    Media License Creative and communication agencies Advertising, publishing, digital content creation
    Professional License Specialists offering expert services Legal, accounting, consultancy, and technical advisory
    Service License Agencies and firms offering general services Business services, support, and consulting across various sectors
    Freelancer Permit Individuals in education, media, or tech working independently Independent work in fields like writing, analytics, teaching, or media creation

    Step 3: Decide on a Legal Structure

    RAKEZ offers three legal structures. We will help you choose the legal structure according to the number of shareholders in your business and the business model:

    Entity Type Description
    Free Zone Establishment (FZE) Single shareholder structure with full ownership rights.
    Free Zone Company (FZC) Suitable for two or more shareholders forming a partnership.
    Branch Office Extension of an existing company setting up in RAKEZ.

    Step 4: Prepare & Submit Documents

    Getting all your documents together is a critical step as every business activity has different paperwork requirements. We make the documentation process smooth for you. Most setups require:

    • Passport copies of shareholders
    • Proof of residence
    • A bank reference letter
    • A business plan (depending on activity)

    We will help you compile and submit everything correctly.

    Step 5: Register the Company & Trade Name

    Once your documents are ready, we proceed with trade name registration. Our team ensures your chosen name aligns with UAE regulations. After that, we file your business license application.

    Step 6: Choose and Secure Your Facility

    RAKEZ offers a variety of workspaces to match your business size and type:

    Workspace Type Best For
    Flexi-Desks Cost-effective solution for entrepreneurs and startups.
    Private Offices Suitable for small to mid-sized teams needing dedicated space.
    Warehouses & Land Ideal for businesses involved in trading, logistics, or manufacturing.

    We assist in selecting and leasing the space that meets your requirements.

    Step 7: Receive Your License

    After receiving license and finalizing workspace, it’s time to apply for visas:

    Visa Type Who It’s For
    Investor Visa Issued to business owners setting up or investing in a company.
    Employee Visa For hiring staff or team members under your business license.
    Dependent Visa Available for sponsoring family members such as spouses and children.

    Aurum takes care of the paperwork and provides you with support for medical and Emirates ID steps.

    Step 8: Open a Corporate Bank Account

    Once your business is registered in the RAK Economic Zone, you will need to set up your business bank account. As RAKEZ’s accelerator, we connect you with leading banks in the UAE. We support you with the bank account opening process and help you meet the specific requirements of your chosen bank.

    Start Your Business in RAK Free Zone with Aurum

    At Aurum, we bring clarity to the process for setting up business in the UAE. Our team works closely with you to simplify business setup in Ras Al Khaimah free zone. Our support covers everything from handling documentation properly, securing the space and even supporting your business needs to operate smoothly. 

    Frequently Asked Questions

    Why is RAKEZ a good option for launching a company in the United Arab Emirates?

    RAKEZ provides quick licensing, affordable setup costs, and adaptable business solutions for a variety of sectors. It is renowned for its modern infrastructure, investor-friendly policies, and encouraging atmosphere.

    Is the ownership of my company 100% mine in RAKEZ?

    Yes. In alignment with UAE’s policy for free zones, RAKEZ allows full foreign ownership to foreign investors. So, you can register your company or run your business without the assistance of local sponsor.

    How much time does it take to establish a business in Ras Al Khaimah free zone?

    It all depends on your document availability and submission. If your documents are submitted as per the requirements, the entire setup process can be completed within a few days.

    What types of business activities can I conduct in RAKEZ?

    You get option to choose from over 4,000 activities including media, trading, consultancy, manufacturing, education, e-commerce, media, and more. Contact Aurum to learn more.

    What kind of office spaces are available in RAKEZ?

    Flexi desks, private offices, warehouses, and development land are just a few of the workspace options that RAKEZ provides. You can make a decision based on the size and type of your company.

    Can a single license be used for both professional and commercial operations?

    Yes. RAKEZ’s Dual License allows you to carry out both commercial and professional activities under a single business license.

    Are there any exclusive packages for women entrepreneurs in RAKEZ?

    Women get special support in the RAKEZ free zone. They are provided with tailored packages that facilitate women-led businesses.

    Can freelancers set up in RAKEZ?

    Absolutely. RAKEZ’s offering is a lucrative option for freelancers. The Freelancer Permit is for entrepreneurs in fields like media, education, IT, and analytics. They get the option to operate independently without a full company setup.

    Which visa options are offered by RAKEZ?

    RAKEZ offers investor visas, employee visas, and dependent visas. The kind of facility you lease and the license package you select will determine the visa quota.

    Do I need to visit the UAE to set up my business in RAKEZ?

    You are eligible to register your business remotely. But, at least one visit is required for identity verification, document signing, and residence visa procedures. However, much of the initial process can be done remotely.

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