RAKEZ Economic Free Zone Comprehensive Guide

Embark on a transformative business journey in the heart of the United Arab Emirates with the Ras Al Khaimah Economic Zone (RAKEZ). At DET Group, we understand the paramount importance of choosing the right environment for your business to thrive. In this article, we explore the myriad of benefits and opportunities that RAKEZ offers, along with a step-by-step guide on how to set up your business seamlessly.

RAKEZ: A Hub of Opportunities

Established in 2017, RAKEZ has quickly become the preferred destination for both local and international businesses looking to grow. Located in the northern part of the UAE, Ras Al Khaimah's strategic location makes it an ideal choice for businesses looking to establish themselves in a dynamic and thriving marketplace.

Security and stability

The zone's proximity to major east-west trade routes, facilitated by well-connected logistics hubs including seaports, international airports and multi-lane highways, further enhances the business-friendly atmosphere.

Diverse Licensing Options

RAKEZ caters to the needs of industrialists, SMEs, startups, and entrepreneurs by providing diverse licensing options. This flexibility allows businesses to choose the most suitable entity formation, ensuring complete ownership and control. RAKEZ offers a range of business licences for various industries, including Service Licence, Educational Licence, Commercial Licence, Media Licence and Industrial Licence.

Advantages of choosing RAKEZ

Thriving business community: RAKEZ actively fosters a vibrant business community by organising networking events, conferences and seminars. These initiatives create a conducive environment for collaboration and foster sustainable business growth.

Tailored e-commerce opportunities: RAKEZ offers a dedicated zone specifically designed for companies entering the e-commerce space. This strategic space serves as a launching pad for businesses to seamlessly enter the thriving digital marketplace and expand their reach globally.

Diverse Specialised Zones: RAKEZ offers a wide range of specialised zones, carefully designed to cater to different industries.

Freedom from paid-up share capital requirements: Unlike certain free zones, RAKEZ has no paid-up share capital requirements.

Strategic location for global access: Located near the major trade routes between East and West, companies operating in RAKEZ benefit from seamless access to international markets in the MENA region, Europe and Asia.

Step-by-Step Business Setup in RAKEZ

1. Choose your business activity: Identify the RAKEZ business activity that best suits your goals.
2. Submit your application: Prepare and submit your application to RAKEZ, making sure you have all the required documents.
3. Get your office space: Follow RAKEZ regulations to secure suitable office space within the Free Zone.
4. Wait for approval: RAKEZ will review your application to ensure it meets the legal requirements. This usually takes a few days.
5. Obtain your business licence: Upon approval, RAKEZ will issue your business licence, which is the official start of your business operations.
6. Open a bank account: Use DET Group's expertise to easily open a corporate bank account in the UAE for your business transactions.

Choose your RAKEZ legal structure

Choose from legal entity options such as a Free Zone Establishment (FZE) for individual entrepreneurs, a Free Zone Company (FZC) for partnerships and a Branch of a Foreign Company for international companies expanding their presence in the UAE.

Business support from RAKEZ

RAKEZ goes beyond expectations in supporting investors by providing state-of-the-art business centres, personalised advice, efficient government services and a thriving business community. This empowering environment enables businesses to seamlessly connect, collaborate and thrive.

With its cost-effective approach, strategic location and comprehensive support services, RAKEZ is a beacon for businesses seeking to succeed in the UAE. At DET Group, we are committed to guiding you through the entire process to ensure your business thrives in RAKEZ's dynamic and business-friendly environment. Unlock your business potential today!