Ras Al Khaimah Economic Zone
Ras Al Khaimah Economic Zone Authority, Ras Al Khaimah
Description
RAKEZ is a prominent free zone in the UAE, offering customizable solutions for business setup across a diverse range of industries.
| Emirate | Ras Al Khaimah |
| Website | https://rakez.com/en/ |
| Contact Email | info@rakez.com |
| Contact Info |
Phone: +971 7 204 1111
Address: P.O. Box 10055, Ras Al Khaimah, UAE
|
| Year Established | 2017 |
| License Types | Commercial License, Educational License, E-commerce License, General Trading License, Industrial License, Media License, Professional License, Service License |
| License Cost | License costs vary depending on the type and scope of business activities. |
| Formation Cost | Formation costs depend on the chosen business package and facilities. |
| Minimum Capital Requirement | No specific minimum share capital requirement is mentioned. |
| Allowed Business Activities | Trading, Manufacturing, Services, E-commerce, Consultancy, Education, Media, Industrial Activities |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Local Company, Branch of a Foreign Company |
| Restricted Activities | Activities conflicting with UAE laws and Islamic morals |
| Investor Visa Cost | Visa costs depend on the business package and number of visas required. |
| Employee Visa Cost | Employee visa costs vary based on the company's requirements and the number of visas. |
| Processing Time (Days) | Processing times vary depending on the business setup package and compliance with requirements. |
| Physical Office Required | No |
| Office Space Options | Flexi-desks, Private Offices, Warehouses, Industrial Land |
| Office Space Cost | Office space costs depend on the type and size of the facility chosen. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance with bank account opening is provided; costs vary by bank and account type. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Subject to UAE federal laws and regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Renewal fees vary based on the license type and business activities. |
| Business Restrictions | Prohibited from engaging in activities outside the scope of licensed operations. |
| Ownership Structure | 100% foreign ownership allowed. |
| Import/Export Restrictions | No No restrictions; businesses benefit from import and export tax exemptions. |
| Benefits | 100% foreign ownership, Zero taxes and duties, 100% repatriation of capital and profits, Modern infrastructure and facilities, Flexible business setup packages |
| Drawbacks | Specific focus on certain industries may limit suitability for some business types. |
| Specific Compliance Requirements | Compliance with UAE labor laws, Adherence to RAKEZ regulations and guidelines |
