Ras Al Khaimah Economic Zone Company Registration RAKEZ

RAKEZ Company Advantages

1. Cost advantage: The registration cost of companies in the Ras Al Khaimah Economic Zone is only 1/3 of the average level of Dubai companies.

2. Geographical advantage: RAKEZ is located at the entrance of the Persian Gulf, close to the seaport and airport, and only 45 minutes' drive from Dubai. It has the largest bulk cargo loading and unloading port in the Middle East and North Africa, an international airport, and will become the terminus of the Etihad Railway.

3. Business environment: RAKEZ is rated as an "A" safe, reliable and stable investment place by Fitch and Poor's, and has strong federal support from the Economic Development Bureau and ECI.

4. Tax burden advantage: Companies registered in the RAKEZ Free Trade Zone are exempt from tax burdens, including income tax, export tax and import tax.

RAKEZ is suitable for the industry

If you are engaged in industry, service industry, tourism industry and agriculture, RAKEZ is suitable for you to set up a company.

RAKEZ Investment Environment and Policy Support

Ras Al Khaimah Economic Zone offers favorable conditions such as low operating costs, tax exemption and 100% foreign ownership, which attracts a large number of international companies to settle in. In addition, the area is rated as a safe and reliable investment location with an "A" grade by Fitch and Poor's, with a total output value of approximately US$11 billion. Strong government support and low operating costs (40% lower than other areas) further attract international brands and companies to settle in, including more than 200 Chinese companies.

Licenses that RAKEZ can issue

Ras Al Khaimah Economic Zone (RAKEZ) issues commercial, general trade, industrial and service licenses.

RAKEZ Company Registration Process

1. Prepare registration materials: Company name: It is recommended to prepare 2-3 English names to increase the success rate of name verification. Registered capital: Usually 100,000 dirhams, no actual payment is required. Registered address: No need to rent a physical office, Ras Al Khaimah Economic Zone provides a free registered address. Shareholder and director information: Scanned copies of ID card and passport, as well as proof of address and personal English resume within the last 3 months are required. Other documents: including passport scans and ID card scans of shareholders and directors, proof of address, personal English resume, business plan, etc.

2. Submit application: Fill in the company registration application form and draft business plan and other documents. Submit the company application documents to the Ras Al Khaimah Economic Zone Registry for review.

3. Review process: The review process usually takes about 15 working days. After the review is passed, collect the company registration certificate and other relevant documents.

RAKEZ important projects and future plans

The Ras Al Khaimah Economic Zone is promoting several important projects, including the Wynn Resorts, the first large-scale casino project in the Middle East, which plans to attract 3.5 million tourists by 2027. In addition, the China-Arab Shandong Industrial Park has also landed in the region, invested and built by the Shandong Timber and Wood Products Association with a total investment of US$360 million, and plans to create more than 3,500 new jobs in the next five years.