RAK ECONOMIC ZONE

COMPANY SETUP IN RAS AL KHAIMAH ECONOMIC ZONE(RAKEZ)

Located in the center of Ras Al Khaimah, United Arab Emirates, the Ras Al Khaimah Economic Zone (RAKEZ) is governed by His Highness Sheikh Saud Bin Saqr Al Qasimi, a member of the UAE Supreme Council and the Ruler of Ras Al Khaimah. The RAK Free Trade Zone (RAK FTZ) and the RAK Investment Authority (RAKIA) wanted to better serve their respective specialized parks and customers, thus they joined forces to create RAKEZ.

Due to its strategic location, RAKEZ is a hub that links prosperous markets in the MENA region, Europe, South Asia, and Central Asia to investors. RAKEZ is dedicated to its purpose of empowering clients and investors by providing a first-rate economic zone with cutting-edge infrastructure and flexible service options.

RAKEZ’s primary benefits for companies are

1. A quick and easy sign-up procedure.
2. A wholly foreign-owned company.
3. No financial or business tax is required.
4. Freedom to bring back earnings and investments.
5. Quick and easy visa and residency applications for the United Arab Emirates.
6. Little confinements on the workforce.
7. Cutting-edge technology and infrastructure.
8. There are no monetary restrictions.
9. The customs fees are free in number
10. Exceptional airport and port access.
11. Rules and laws that can be easily understood.
12. Furnished workplaces and storage facilities
13. A variety of commercial spaces to suit the needs of different types of startups.

RAKEZ provides a wide variety of company formation options

1. Branch of a Local Company.
2. Branch of a Foreign Company.
3. Free Zone Company (FZC) – an entity with 2 to 5 shareholders.
4. Free Zone Establishment (FZE) – an entity with a single shareholder.

Companies working within RAKEZ benefit from the economic zone’s status as one of the fastest-growing free zones in the Middle East due to the many opportunities and solutions it offers.

Frequently Asked Questions — RAK Economic Zone (RAKEZ)

What is RAKEZ and who is it best suited for?

RAKEZ (Ras Al Khaimah Economic Zone) is one of the UAE's most affordable free zones, catering to freelancers, startups, SMEs, and industrial companies. It is ideal for businesses looking to minimise setup and running costs.

How much does a RAKEZ licence cost?

RAKEZ licence fees start from approximately AED 8,500–15,000 per year. Freelance permits are available from around AED 8,500, making RAKEZ one of the most budget-friendly options in the UAE.

Does RAKEZ allow manufacturing and industrial businesses?

Yes — RAKEZ has dedicated industrial zones with warehouses and land plots available for manufacturing, light industry, and logistics at significantly lower costs than Dubai-based free zones.

Can I get a UAE residence visa through RAKEZ?

Yes, RAKEZ provides UAE residence visas as part of its packages, ranging from 1 visa for a freelance permit up to multiple visas for company packages with physical office space.

How does RAKEZ compare to Dubai free zones?

RAKEZ is significantly more affordable than most Dubai free zones. While it lacks a Dubai address, it offers excellent infrastructure, fast setup, and full UAE business benefits including 100% foreign ownership and zero corporate tax.