Ras Al Khaimah Economic Zone Company Registration RAKEZ

RAKEZ Regional Composition

RAKEZ consists of 6 different sector-specific zones:

(1) Al Ghail Industrial Zone: dedicated to large industrial manufacturers.

(2) Hamra Industrial Zone: suitable for companies in the light and heavy industrial sectors.

(3) RAKEZ Academic Zone: a collection of top international educational institutions and service providers.

(4) Hureyra Industrial Zone: suitable for heavy industrial producers.

(5) Al Nakheel Business Zone: includes a first-class business center for freelancers and SMEs.

(6) Hamra Business Zone: a commercial space with access to commercial, industrial and logistics centers as well as entertainment and residential facilities.

RAK Economic Zone is home to more than 18,000 companies, including entrepreneurs, SMEs, freelancers, startups and manufacturers. It is a global-scale commercial and industrial center covering more than 50 industry sectors and providing free zone and non-free zone company formation solutions.

RAKEZ is the company for you

RAKEZ is particularly suitable for companies that need warehousing facilities. RAKEZ always has customizable warehouses and industrial land available for development. It is also possible to build or rent ready-made staff and labor accommodation. They have all the advantages that a Jebel Ali company setup provides.

RAK Economic Zone has offices in Ras Al Khaimah and Abu Dhabi. You can choose a flexible desk or smart office in either of these emirates. In Abu Dhabi, the cost will be around AED 2,000 higher. Office types vary from co-working spaces with flexible desks to executive offices, all related to the number of eligible visas.

RAKEZ Economic Zone Activities

A Ras Al Khaimah business license can be used for a wide variety of business activities, which fall under several license categories, which are divided into several groups, each with its own list of activities.

Some activities require the company manager to have a relevant educational degree, which should be proven by a certificate authenticated by the UAE Embassy in the country of origin. Usually such activities are related to professional services that require certain qualifications, such as:

(1) Accounting and bookkeeping

(2) Architectural design and consultancy

(3) Aviation consultancy

(4) Communications engineering consultancy, etc.

Some other areas require registration under special conditions, such as:

(1) Dedicated office space or warehouse

(2) Submission of a business plan

(3) Having a company manager holding a corporate resident visa.

RAKEZ company registration time

Business setup in Ras Al Khaimah can be completed in about a week.

RAKEZ Company Type

RAKEZ's company formation types include FZE (Free Zone Enterprise) with a single shareholder, FZC (Free Zone Company) with 2 to 5 shareholders, and branches of local and foreign companies.

RAKEZ Company Registration Process

1. Sign the agency agreement;

2. Provide, organize, sign and confirm the registration information: company name, shareholder or holding company authorization, shareholder passport or holding company registration certificate articles and board resolutions, company structure chart, manager education, business scope, registered capital, registered address, company members, registration application form, KYC form, articles of association, shareholder resolutions, lease contracts, etc.

3. Submit the registration and obtain information: registration certificate, license, equity register, articles of association.

4. Visa application

5. Enter the country and apply for an ID card;

6. Bank account opening: Zhuoxin Enterprise has close cooperation with FAB, RAK, MAShq, ADCB, ENBD, and CBD. You can choose a bank according to your needs, and our company will assist in arranging account opening.

RAKEZ Company Maintenance

1. License renewal: renewal of license, renewal of office address, renewal of permit;

2. Accounting and auditing.

3. Company cancellation: registration and liquidation, cancellation of company card, visa, company liquidation report.

4. Company changes