Best Rak Company Setup Consultants
Ras Al Khaimah Economic Zone (RAKEZ) is a prominent free zone located in the emirate of Ras Al Khaimah, UAE, and established in 2017. It merged two key economic zones, RAK Free Trade Zone and RAK Investment Authority, to offer a consolidated business hub with diverse benefits for enterprises. RAKEZ business setup offers strategic advantages such as competitive pricing, state-of-the-art facilities, and simplified business processes.
Company formation in Rakez offers the key benefit of enjoying 100% foreign ownership, making it highly attractive for international investors. The zone caters to various industries, including manufacturing, trading, services, and logistics, and offers customized solutions for businesses of all sizes.
RAKEZ also provides businesses operational freedom within the zone with its extensive range of licenses, including a RAK Free Zone license. Moreover, companies benefit from cost-effective setup and renewal fees, easy market access, and seamless administrative support.
To navigate the setup process, many businesses engage a Rak company setup consultant for expert guidance. These consultants streamline the process, ensuring a hassle-free experience. For entrepreneurs and businesses seeking a dynamic and cost-effective base, Rakez business setup presents an excellent opportunity to thrive in a supportive environment. For professional assistance, contact Global Business Services DMCC for expert advice on setting up your business in RAKEZ.
Company Setup Procedure in Rakez
- Choose the legal structure of the firm you want to register.
- Pick an activity from the list of options.
- Request name and preliminary approval.
- Payment of expenses associated with establishing a RAKEZ business.
- Sign the company’s incorporation and registration paperwork.
- Residency visa application.
Documents Required for Company Formation in RAKEZ
The requirements for business set up in Ras Al Khaimah Economic Zone depend on whether a shareholder is an individual or a corporate entity. The basic requirements are:
- Passport copy (colored)
- EID & residence visa (colored)
- Passport size photo with white background
Major Benefits of RAKEZ Company Formation
- 100 percent foreign ownership
- Capital repatriation at 100%
- 0% personal income tax. No import, export, re-export fees, or customs duties.
- Possible exemption from corporate tax
- Freedom to select the project’s legal form and investment sector.
- Customer portal.
- Various commercial and industrial facilities.
- Possibility of using logistical resources.
Characteristics of Business Registration in RAKEZ
- Proposed activity: Manufacturing/Trading/Service/Education & Media related activities.
- License available: Industrial/Commercial trading/General trading, Media, E- Commerce, Educational & Service license are available.
- Type of entities: FZ – LLC (Limited Liabilities Company) and Branch.
- Shareholder can be Individuals or Corporate entity (max 50).
- Director: Individuals only (Minimum one. Shareholder can also be Director),
- AED 10,000 (10 shares of AED 1,000 each) if the FZ – LLC is used for the RAKEZ Setup and AED 0 if the branch office is used.
Estimated time: 1- 2 weeks to obtain a trade license and register a company.
After receiving a security clearance, the immigration card will likely take another 2–3 working days, and average processing times for visas range from 7–10 working days.
RAKEZ Company Setup Cost
Ras Al Khaimah Economic Zone Business Formation cost begins from AED 11,540/-
Our business is a one-stop solution for all types of company formation services in Ras Al Khaimah Economic Zone. Many people and corporations have received assistance from Global Business Services in setting up their businesses in RAK. Get in touch with us via call or email!
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in RAKEZ Zone.
Important Note
In the case of a corporate shareholder, the document must be legalized at the UAE Embassy.
After receiving a license, immigration card, and entry permission, the shareholder or director would need to return to the UAE, in order to get the visa stamped on their passport. Depending on how quickly the procedure moves, this could need them to stay in the UAE for 5 to 7 working days.
Every year, the company immigration/establishment card must be renewed.
Investors must have a share capital of AED 75,000 to qualify for a family status visa, and AED 60,000 to qualify for an Owner/Investor/Partner visa.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
QUICK LINKSOur Services
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OUR LOCATIONSWhere to find us?
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
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Taking seamless key performance indicators offline to maximise the long tail.
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Copyright © 2020 Global Business Services.