RAK Economic Zone – RAKEZ
RAKEZ is one of the most popular free zones for business setup in the UAE.
People who have not heard much of UAE Free Zones, know about it and are interested in business set up in Ras Al Khaimah. But It is located not far from Rakez airport and has a sea port in close proximity. We provide reliable Rakez company setup services in the UAE.
Free zone offices and warehouses
RAKEZ offers customized warehouses and plots of industrial land for development. Therefore, they offer ready-made staff and labor accommodations.Mainly, there are all the benefits the Jebel Ali company setup offers, but suit much smaller budgets.For your convenience RAKEZ has offices in Abu Dhabi and Dubai. So One can have the option of flexi desk or a smart office in any of these Emirates.
Ras Al Khaimah business license can be obtained for a several variety of business activities and you can be sure that you will find what you need. RAKEZ has one of the largest activity list among all the UAE free zones and these are divided into following categories:
- Individual / E commerce
- Some activities require a company manager to have a relevant educational degree, and therefore should be proved by a certificate attested in UAE Embassy in the country of origin.
Usually such activities are related to a professional service which needs certain qualifications, for example:
- Accounting and book keeping
- Architectural design and consultancy
- Aviation consultancy
- Engineering consultancy and many more.
RAKEZ often offer special discounts and promotions campaigns. So that Company can be set up for as low as roughly 8,000 AED for a zero visa media company. Apart from that, if you want to save money in the long run you can register a 3 year package. The discount in this case will be 25%. On top of that, all residence visas under the company will be free of charge.
- Zero Visa License : 11,400 AED
- One Visa Professional License : 13,400 AED
- Two Visa Trading/Service License : 15,800 AED
- Rakez company set up register is always kept secret.
In case your rakez company has been rejected by any major force reason after you made the payment to the free zone, you will be granted a 100% refund.
Packages start with zero visas and go up to 4 visas in case you rent a ready made offices. Ofcourse, if you rent a warehouse, for example, your company will be eligible for more visas since you’ll need to hire more staff.
- RAKEZ visa costs in AED
- RAKEZ Investor Visa fee : AED 3950/-
- Medical check up : AED 640/-
Emirates ID : AED 372/-
Employee Visa : AED 2400 + 2000 deposit
Health insurance is not mandatory for RAKEZ companies owners, but it will be required for the dependants in case you open visas for your family members.
RAK economic zone license renewal costs is less than the registration cost. So the renewal of license is easy and simple. RAKEZ required financial audit of the companies and therefore Company owner should submit audit report at the end of the financial year.
One can amend company at any time and mostly amendments include the following changes:
- Share holders/managers
- Company name
- Business activity
- Office facility
Personal presence of the share holder or manager is required for the application for the amendments.
Company liquidation in RAKEZ takes about 2-3 weeks. So make sure to cancel all the visas under the company before you apply for its cancellation. The government fee for company closure is 3,000 AED. RAKEZ company set up is the best option for those who are looking to open an manufacturing or assembling business due to its ready made facilities. If you want to have an office facility with a reasonable price, then RAKEZ is a free zone of your choice. On the other hand, you may check other options, like SHAMS company set up as an alternative. RAK Economic Zone(RAKEZ) offers a great investment opportunity in lower costs through a range of license types from services, general trading, e-Commerce and individual licenses.
- Commercial license
- Service License
- General Trading License
- E commerce License
- Individual License