A free zone in the UAE, such as those facilitated by RAKEZ, is an economic area with its own business regulations that do not apply to businesses outside the zone. Free zone companies trade services and products, while leveraging special tax and foreign ownership laws. A free zone company in the UAE, such as those facilitated by RAKEZ, is an entity that enjoys numerous advantages, including tax exemptions, full foreign ownership and simplified business regulations within designated RAK economic zones.

Acquiring a visa in the UAE for a free zone business, particularly through entities like RAKEZ, involves initiating the company set-up process within the designated free trade zone in the UAE. This includes submitting necessary documentation, meeting specific criteria and complying with the regulations set by RAKEZ.

Setting up a business in a UAE business zone, such as the Ras Al Khaimah Economic Zone (RAKEZ), comes with benefits. Some notable advantages include:

• Free capital transfer: Businesses operating within RAKEZ free zones in the UAE benefit from the freedom to transfer capital without encountering restrictions or impediments.
• 100% ownership of fixed assets: Companies operating within the RAKEZ free zones enjoy the privilege of complete ownership rights over their fixed assets, contributing to greater autonomy and control over their operations.
• Up to 100% foreign ownership: Foreign investors are granted the opportunity to possess full ownership in these designated zones, fostering an environment conducive to international investment and collaboration.
• Up to 100% of profit return: RAK Economic Zone allows for the repatriation of up to 100% of profits, providing an attractive incentive for businesses to operate within these regions and stimulate economic growth.
• Strong banking system: Supported by robust government backing, the UAE boasts a resilient banking system, instilling confidence among investors and facilitating smooth financial transactions.
• No transfer restrictions: Businesses encounter no restrictions on the transfer of funds within the free zones, enabling seamless financial transactions and enhancing operational efficiency.
• Fully-convertible currency: Full convertibility of the currency allows for effortless exchange and facilitates international trade and investment activities, further enhancing the appeal of RAKEZ and other free zones in the UAE.
• Low inflation rate: With a low inflation rate, companies operating within the RAK Economic Zone benefit from stable economic conditions, minimising cost fluctuations and promoting financial stability.
• Low custom tariffs: The imposition of low custom tariffs, ranging up to 5% for almost all goods, contributes to a favourable business environment within free zones like RAKEZ, reducing import costs and enhancing competitiveness within the global market.

Establishing a presence in a free trade zone in UAE, particularly in RAKEZ, offers unparalleled advantages for businesses seeking to expand into the region or establish a foothold in the Middle East market.

RAKEZ free zone is a preferred choice for business set-up in Ras Al Khaimah due to its strategic location, comprehensive business solutions and a track record of supporting over 21,000 companies across diverse sectors. Its services, including customisable facilities and support services, are ideal for entrepreneurs.

RAKEZ plays a vital role in the growth of startups and SMEs by providing tailored business solutions, including business licences, residence visa services and support services like accounting, recruitment and marketing.

RAKEZ is a versatile economic zone that supports businesses across various sectors, not limited to industrial ventures. It caters to the diverse needs of companies in over 50 sectors, making it an inclusive platform for startups, SMEs and global manufacturing players.

RAKEZ in Ras Al Khaimah has dedicated industrial and business zones, each tailored to meet specific business requirements:

• Al Ghail Industrial Zone
• Al Hamra Industrial Zone
• Al Hulaila Industrial Zone
• Al Nakheel Business Zone
• Al Hamra Business Zone

The industrial zones in RAKEZ are an ideal choice for entrepreneurs seeking to establish both large- and small-scale industrial manufacturing enterprises. It offers a range of benefits, including being the industrial heartland of Ras Al Khaimah, providing options for both free zone and non-free zone company entity formations and offering land space suitable for manufacturing and processing activities. Additionally, businesses benefit from guaranteed 24/7 government-supplied power, gas and water, as well as proximity to various ports in Ras Al Khaimah. RAKEZ, the leading free zone in UAE, provides an array of opportunities for industrial growth within the region, making it an attractive destination for investors.

Al Nakheel Business Zone is dedicated to providing a premier business environment tailored to the needs of startups, entrepreneurs, freelancers and SMEs

• 24/7 accessibility and security
• Advanced IT and telecommunications infrastructure
• Secretarial and business centre services
• Value-added services