RAK Free Zone Company Formation (RAK FTZ)

Company Formation

Supreme Services streamlines the business setup process in the Ras Al Khaimah Free Trade Zone (RAK FTZ), offering optimal structures and efficient incorporation to ensure a seamless path to success. Our expertise in navigating the specific requirements of RAK FTZ allows us to assist businesses in establishing themselves quickly and effectively. Whether you're looking to capitalize on RAK FTZ's strategic location, cost-effective business solutions, or its wide range of facilities, Supreme Services provides comprehensive support throughout your company formation journey. This includes everything from initial consultation and registration to ongoing administrative and compliance services.

RAK Free Zone Company Formation (RAK FTZ)

Company Formation

The Ras Al Khaimah Economic Zone (RAKEZ) was established in 2017, merging two prominent free zones: the RAK Free Trade Zone (RAK FTZ) founded in 2000 and the RAK Investment Authority (RAKIA) started in 2005. RAKEZ has quickly become a world-class free zone known for its highly personalized facilities and services within a well-organized ecosystem in the emirate of Ras Al Khaimah.

Strategically located in the heart of Ras Al Khaimah, RAKEZ oversees and consolidates specialized parks and clients from both RAK FTZ and RAKIA. It offers cost-effective business setup solutions in the UAE to both local and foreign investors. These solutions include customizable packages and world-class facilities designed to help businesses penetrate local, regional, and international markets.

Following the integration of the two original free zones, RAKEZ now stands as a preferred business destination, hosting over 13,000 multinational companies from more than 100 countries across over 50 sectors. This makes RAKEZ not only a pivotal economic hub but also a dynamic gateway for global enterprises looking to establish and expand their presence in the Middle East.

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Benefits of Company Formation in RAKEZ

Forming a company in the Ras Al Khaimah Economic Zone (RAKEZ) offers a multitude of benefits tailored to support both free zone and non-free zone business setups. Here are the key advantages of establishing a business in RAKEZ:

Dual Setup Options: Businesses can choose between free zone or non-free zone formations, providing flexibility based on business needs and market interactions.

100% Foreign Ownership: Investors can retain full ownership of their companies without the need for a local partner.

Tax Exemptions: Companies enjoy 100% exemption from both corporate and personal income taxes.

Currency Flexibility: There is no restriction on the type of currency businesses can use, facilitating easier international transactions.

Profit Repatriation: Businesses can repatriate all profits to their home country without limitations.

Customs Duty Benefits: Goods that are re-exported from RAKEZ are exempt from customs duties, reducing operational costs.

Comprehensive Facilities: RAKEZ offers a wide range of industrial facilities, business development services, and value-added services.

Self-Service Customer Portal: A user-friendly portal that streamlines processes and enhances customer service efficiency.

Labor Accommodation: Businesses have the ability to build on-site staff accommodations, making it easier to manage and house labor.

Strategic Location: Direct access to major logistical hubs and multilane superhighways enhances connectivity.

Global Reach: Easy access to markets in the Middle East, Europe, North Africa, and Asia, due to RAKEZ’s strategic geographical positioning.

One-Stop Shop: RAKEZ provides a one-stop shop for all regulatory, administrative, and support services needed for company formation and ongoing business operations.

Additional Details

Company Formation

RAKEZ Zones

There are six specialized RAKEZ zones to start a business.

  • 1. RAKEZ Business Zone: For trading, service and consultancy businesses

    2. AL HAMRA Industrial Zone: For manufacturing, industrial projects, trading, assembly & logistics

    3. AL GHAIL Industrial Zone: For manufacturing, industrial projects, trading, assembly & logistics

    4. AL HULAILA Industrial Zone: For manufacturing, industrial projects, trading, assembly & logistics

    5. RAKEZ Academic Zone: For schools, universities, institutes, academic consultancy and services.

    6. RAKEZ Media Zone: For Radio, TV, Magazines, Broadcast, Film Production, Events Management, etc.

Permissible Legal Entities in RAKEZ

Depending upon nature of your business, there are several forms of legal entities offered in RAKEZ.

  • Free Zone Entity

    Free Zone Establishment (FZE): Entity with single shareholder or owner

    Free Zone Company (FZC): Entity with 2-50 shareholders

    Non free Zone Entity

    Individual Establishment: Entity with single shareholder or owner

    Limited Liability Company (LLC): Entity with 2 or more shareholders

    Branches

    Branch of a UAE Company

    Branch of a Foreign Company

License Types Offered in RAKEZ

  • Commercial – For businesses dealing in trade of goods and services

    Educational – To open any kind of education related organization or consultancy company

    E-Commerce – For business dealing in trading of goods and services through an online platform/portal

    General Trading – For trading in numerous goods

    Individual/Professional – For an entrepreneur who will be sole owner.

    Industrial – Companies involving in manufacturing, importing, packaging or exporting products

    Media – For businesses involved in media-related activities

    Professional – For individuals who will provide professional services (non-free zone entity)

    Services – For businesses related to provision of services or consultancies across any industry

Facilities of Business Set up in RAKEZ

  • Flexi Facilities- Flexi facilities are low-risk ideal solution for startup companies in RAKEZ. They are shared and furnished workstations located in first-class business centers in RAKEZ Business Zone.

    Standard Offices –Ideal for small-to medium-sized business. RAKEZ has ready-made office spaces, which allow an entrepreneur to gain maximum return on investment.

    Executive Offices –They are fully serviced, bigger than standard offices and provide more space for business growth.

    Shell & Core Offices- If you want to design and arrange your working environment, you can lease shell & core offices located in RAKEZ Business Park.

    Warehouses-These are customizable and spacious – available in variety of sizes for businesses dealing in light manufacturing, storing of goods and general assembly. They can be leased on year round or limited time basis.

    Land for Development-Land for development provides unlimited space of land for industrial, logistical and service industry projects that also enable easy access to neighboring emirates and GCC countries.

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