RAK Free Zone Company Formation (RAK FTZ)
Supreme Services promises streamlined processes and efficient incorporation, making the business setup procedures in the Ras Al Khaimah Free Trade Zone (RAK FTZ) hassle-free. Our expertise will assist businesses in establishing themselves quickly and effectively. If your goal is to move forward in a cost-effective manner with diverse facilities, we assure you of complete support from Supreme Services. You can expect everything from initial consultation and registration to administrative and other services from us.
Company Formation
RAK Free Zone Company Formation (RAK FTZ)
The Ras Al Khaimah Economic Zone (RAKEZ) was established in 2017 by merging the RAK Free Trade Zone (RAK FTZ), which was founded in 2000, and the RAK Investment Authority (RAKIA), established in 2005. With its well-organized facilities and world-class services, RAKEZ has achieved global standards.
RAKEZ oversees and integrates parks and clients associated with RAK FTZ and RAKIA in Ras Al Khaimah. It offers cost-effective business setup solutions with world-class facilities, supporting businesses in entering regional and international markets effectively. By unifying the two free zones, RAKEZ has now become a significant business hub.
With over 13,000 multinational companies from more than 100 countries operating across 50+ sectors, RAKEZ serves as a vital gateway for businesses aspiring to establish and expand in the Middle East.
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Advantages of Company Formation in RAKEZ
Establishing a company in the Ras Al Khaimah Economic Zone (RAKEZ) refers to a process that offers advantageous features suited for both free zone and non-free zone business setups. Below are the key benefits of setting up a business in RAKEZ:
Dual Setup Options: Businesses have the flexibility to choose between free zone or non-free zone formations, catering to their specific needs and market demands.
100% Foreign Ownership: Investors can retain complete ownership of their companies without the need for a local partner.
Tax Exemptions: Companies are entirely exempt from corporate and personal income taxes.
Currency Flexibility: There are no restrictions on the types of currency businesses can use, simplifying international transactions.
Profit Repatriation: Companies can repatriate all profits to their home country without any limitations.
Customs Duty Benefits: Goods 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 the efficiency of customer services.
Labor Accommodation: Businesses can construct on-site staff accommodations, making labor management and housing easier.
Strategic Location: Direct access to key logistical hubs and multilane superhighways improves connectivity.
Global Reach: RAKEZ’s strategic geographical location allows easy access to markets in the Middle East, Europe, North Africa, and Asia.
One-Stop Shop: RAKEZ provides all regulatory, administrative, and support services needed for company formation and business operations under one roof.
Company Formation
Additional Details
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.
