Welcome to RAKEZ Academic Zone

Ras Al Khaimah Economic Zone (RAKEZ) Academic Zone was established to attract and support qualified educational institutions and service providers. We ensure that our partners are committed to delivering market-driven, educational, training and professional development services that benefit RAK, the UAE and the broader Gulf region.

 
Main Benefits2 Created with Sketch. MAIN BENEFITS Cost-effective solutions to offer educational programmes Easy business set-up procedures Option for leasing or building a facility Professional assistance and support to ensure smooth functioning of the institutions A dedicated zone for education providers

Main Benefits

  • Cost-effective solutions to offer educational programmes

  • A dedicated zone for education providers

  • Professional assistance and support to ensure smooth functioning of the institutions

  • Easy business set-up procedures

  • Option for leasing or building a facility

FACILITIES

  • OFFICES

    Ideal for education support, consultancy and training

  • PRE-BUILT BUILDINGS

    Ideal for startup Higher Education Providers (HEP)

  • LAND

    Ideal for building a K-12 School or a University

VISAS

Visas are available for owners, managers, partners, staff and students. Student Visas are available for Higher Education Providers.

LICENCE TYPE

The educational licence is obtained based on your preferred segment. RAKEZ caters to a variety of segments and each segment has a number of activities from which you can select the ones that suit your requirements.

Learn More

OUR STRATEGIC PARTNERS

FREQUENTLY ASKED QUESTIONS

What is VAT?

VAT stands for Value Added Tax. It is an indirect tax applicable to taxable goods and services in the UAE.

Detailed information on VAT are available on the website of the UAE’s Federal Tax Authority (FTA) at www.tax.gov.ae and relevant FAQs are available here.

How can a company make payments to RAKEZ?

A company can make the payment through the following channels:

• Online by topping up the portal accounts
• RAKEZ Business Service Centres (cashier counters)
• Bank Transfer

What is a subsidiary?

A Subsidiary is a company that is owned by another company where 51% or more of its shareholding is held by the other company.

What are the conditions for the employment of non-sponsored employees?

The conditions in which RAKEZ can grant its approval to employee and non-sponsored employee are if the non-sponsored employee:

• Is a GCC National
• Resides in the UAE on the visa sponsored by a relative
• Is to be employed on a part-time or temporary basis
• Works for a subsidiary or an associated company of a RAKEZ company

Can a company employ non-sponsored employees?

Yes, a company may employ a non-sponsored employee, temporarily or permanently.

What are the requirements for sub-leasing buildings/ structures?

The requirements for sub-leasing buildings/structures in RAKEZ are:

  • The building/structure must be fully completed.
  • The sub-lessor should holds valid lease and does not have outstanding amounts owed to RAKEZ.
  • The sub-lessee must possess a licence for his activities.
  • The sub-lessor is jointly and severally responsible and liable for the activities of the sub-lessee.
  • A sub-lessee is prohibited to assign his rights under a sub-lease agreement.
  • A sub-lease agreement is not to be contradicting with the lease agreement and is deemed terminated upon the termination of the lease agreement.

What are the requirements for sub-leasing vacant plots?

The requirements for sub-leasing vacant plots in RAKEZ are:

  • The sub-lessor should hold a valid lease and does not have outstanding amounts owed to RAKEZ.
  • The sub-lessee is a subsidiary of the sub-lessee or the sub-lessor and sub-lessee are associated companies OR there is a contract between the sub-lessor and the sub-lessee to either supply raw material, produce or distribute or consume finished product.
  • The sub-lessor and sub-lessee have sufficient spa
  • The sub-lessor and sub-lessee have sufficient space for the licensed activities, without jeopardizing their respective operations.
  • The sub-lessor is jointly and severally responsible and liable for the activities of the sub-lessee.
  • A sub-lessee is prohibited to assign his rights under a sub-lease agreement.
  • A sub-lease agreement is not to be contradicting with the lease agreement and is deemed terminated upon the termination of the lease agreement.

What are the types of sub-lease allowed by RAKEZ?

The types of sub-lease allowed by RAKEZ are:
1. Sub-lease of a vacant plot
2. Sub-lease of completed buildings/structures

Is it allowed to sub-lease?

Yes, it is, but subject to obtaining a prior written approval from RAKEZ.

What is sub-leasing?

Sub-leasing is an arrangement where a company (lessee) allows another company (sub-lessee) to use part of the leased premises.

The trade licence and immigration file of my company is valid and I want to apply for Investor Visa. Do I still have to register in the E-Channel Immigration System?

As per the Immigration Authority’s mandate, any company having an immigration file is required to register in the EChannel Immigration System’s platform to further process visa related services.

My immigration file expired 2 months ago, can I register in the system?

While submitting the license renewal request, you may pay for the immigration file renewal, penalties incurred due to late renewal of the immigration file and for the E-Channel Immigration System registration.

I want to close my company, cancel the visa and immigration file, do I still need to register in the E-Channel Immigration System?

For companies applying for closure, the Immigration Authority is currently granting a special approval to exempt them from registration in the system. Any changes in the requirements from the Immigration Authority will be communicated as and when received.

My company will not apply for any visa, do I still need to register in the E-Channel Immigration System?

Registering in the system is not linked to obtaining visas. It is however, mandated for all companies with immigration file to register in the system.

Can I apply for a visa, once my company has been registered in the E-Channel Immigration System?

For all your company visas, the service can be availed only through the Sponsor. RAKEZ being the Sponsor will be applying for the company’s visa, hence the applications may be submitted to RAKEZ.

What is an associated company?

An associated company is a company that is associated with another company where 51% or more of both companies’ shareholding is held by the same shareholders.

What are the required documents if a company will carry out any activity classified as a DNFBP?

The application for registration of a company to carry out any activity classified as a DNFBP must be accompanied by a complete DNFBPs form signed by all shareholders who will jointly be and severally liable for the compliance with the laws and regulations of the UAE’s Central Bank and all relevant Federal Laws and Regulations for Combatting Money Laundering (AML) and Financing of Terrorism (CFT).

Which activities are classified as Designated Non-Financial Businesses and Professions (DNFBPs)?

The activities that are classified as Designated Non-Financial Businesses and Professions (DNFBPs) are:

• Legal Consultancy
• Real Estate Agent
• Real Estate Developer
• Auditing of Accounts
• Precious Metals and Stones Trading
• Investment Consultancy
• Company Service Providers

Is an annual Operation Fitness Certificate (OFC) required for coworking space and business centre licensees?

No, coworking space and business centre licensees are not required to submit the Operation Fitness Certificate (OFC).

Is the company required to obtain the Operation Fitness Certificate (OFC)?

Yes, the Operation Fitness Certificate (OFC) is mandatory before occupying the pre-built warehouses and the customized facility built on a plot of land.

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Last Updated on 12/29/2019 9:23:05 PM

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