In the rapidly evolving global business environment, the Ras Al Khaimah Economic Zone (RAKEZ) has emerged as a premier destination for entrepreneurs and organizations looking to establish their presence in the United Arab Emirates (UAE). With a strategic location, robust infrastructure, and investor-centric policies, RAKEZ provides an ideal platform for business expansion and growth. RAKEZ was established under the visionary leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah and a member of the UAE Supreme Council. This guide will explore the intricacies of setting up a business in Ras Al Khaimah and outline the comprehensive services offered by Unicorn Global Solutions for business setup in the Ras Al Khaimah Economic Zone.
Overview of Ras Al Khaimah Economic Zone (RAKEZ)
RAKEZ is among the UAE’s most rapidly growing economic zones, strategically located in the emirate of Ras Al Khaimah. It caters to diverse industries, including manufacturing, trade, services, and logistics. RAKEZ provides investors with cutting-edge facilities, simplified business formation procedures, and a regulatory framework designed to drive business success.
Key Highlights:
- Spanning approximately 33 million square meters.
- Hosting over 13,000 companies.
- A consolidation of RAKIA and RAK FTZ.
- Attracting a diverse clientele from over 100 countries.
- Representing more than 50 business sectors.
- Offering tailored economic solutions and packages.
- Equipped with state-of-the-art facilities.
- Strategically positioned as a gateway to global markets.
Advantages of Setting Up a Company in RAKEZ
Setting up a company in Ras Al Khaimah offers numerous benefits:
- 100% Ownership: Complete ownership of your business within the free zone.
- Flexible Entity Formation: Choose between free zone and non-free zone structures.
- Streamlined Processes: Efficient business setup procedures to save time and effort.
- Diverse Opportunities: Access to a variety of business sectors and value-added services.
- Global Connectivity: Excellent logistical links to major markets across the Middle East, Asia, Africa, and Europe.
- Modern Infrastructure: State-of-the-art facilities to support operations in various industries.
Business Structures in RAKEZ
Unicorn Global Solutions provides guidance on selecting the most suitable business structure within RAKEZ:
- Branch of a Foreign or Local Company: Establish a branch to expand an existing business within the free zone.
- Free Zone Establishment (FZE): A single-shareholder company offering full ownership and control.
Free Zone Limited Liability Company (FZ-LLC): A company structure for 2 to 5 shareholders, combining shared ownership with free zone benefits.
Step-by-Step Guide to Business Setup in RAKEZ
- Identify Business Activities: Define your business scope and determine the appropriate license type.
- Select a Legal Structure: Choose between FZE, FZ-LLC, or a branch, depending on ownership and liability preferences.
- Reserve a Trade Name: Secure a unique name for your business with the relevant authorities.
- Submit Documentation: Provide required documents, including application forms, business plans, and identification proof.
- Obtain Approvals and Licenses: Receive approvals from authorities and acquire the necessary business licenses.
- Open a Bank Account: Set up a corporate bank account to manage financial transactions.
- Launch Operations: Begin your business activities once all processes are complete.
Types of Licenses in RAKEZ
Unicorn Global Solutions assists in obtaining various licenses, including:
- General Trading License: For import, export, and trading of permitted goods.
- Commercial License: For trading specific products as per RAKEZ guidelines.
- Service License: For entities offering professional services like consulting or legal advisory.
- Industrial License: For manufacturing, assembly, and packaging activities.
Why Choose RAKEZ for Business Setup?
- Strategic Location: Proximity to key markets and logistical hubs.
- Tax Advantages: Zero corporate and personal income taxes.
- Infrastructure: Access to modern facilities and resources.
- Business-Friendly Policies: Flexible regulations and supportive government initiatives.
Frequently Asked Questions (FAQs)
RAKEZ, or Ras Al Khaimah Economic Zone, is one of the UAE's premier Free Zones, established to attract global investors and support a wide variety of business activities. Known for its cost-effective solutions, RAKEZ offers streamlined services for company formation, world-class infrastructure, and access to international markets.
RAKEZ supports a wide range of business activities, including:
- Trading and General Trading: Import, export, and distribution of goods.
- Industrial Activities: Manufacturing, assembly, and processing.
- Service Activities: Consultancy, IT services, and professional services.
- Media Activities: Advertising, publishing, and content creation.
- Freelance Work: Creative and professional services for independent operators.
RAKEZ offers several license options to suit different business requirements, such as:
- Commercial License: For trading and general business activities.
- Industrial License: For manufacturing and industrial operations.
- Professional License: For consultancy and professional services.
- Freelance Permit: For individuals operating independently.
- E-commerce License: For online businesses and digital trading
The timeline for obtaining a business license in RAKEZ is typically short, often within 1 to 3 working days, provided all required documents are submitted and complete.
RAKEZ offers numerous advantages, including:
- Cost-Effective Packages: Affordable options for startups and SMEs.
- 100% Foreign Ownership: No need for local partners.
- Tax Benefits: Zero personal and corporate income taxes.
- Customizable Office and Warehouse Solutions: Tailored to your business needs.
- Strategic Location: Access to regional and international markets.
- Ease of Doing Business: Simplified registration and administrative processes.
How Unicorn Global Solutions Can Help
Unicorn Global Solutions offers end-to-end support for business setup in Ras Al Khaimah Economic Zone. Our expertise ensures that every step—from consultation to documentation and beyond—is handled with precision and efficiency. With our tailored solutions, you can focus on your business goals while we manage the setup process seamlessly.
