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 30,000 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

Setting up a free zone company in the UAE is a streamlined process, offering numerous benefits such as full ownership, tax exemptions, and modern infrastructure. This guide will help you navigate the steps for successful company formation.

Steps to set up an affordable free zone company in the UAE

1. Select the right free zone
Choose a free zone aligned with your business activity. For instance, RAKEZ specialises in sectors like manufacturing, e-commerce, and education, offering tailored solutions for diverse industries.

2. Define your business activity
Free zones allow specific business activities. RAKEZ supports over 50 industries, and provides licence options for more than 3,000 business activities, giving you the flexibility to choose.

3. Choose your legal structure
Options include:
a) Free Zone Establishment (FZE): Single shareholder
b) Free Zone Company (FZC): Multiple shareholders
c) Branch Office: Extend your existing local or international business

4. Prepare documentation
Documents typically required include:
a) Passport copies of shareholders and managers
b) Proof of address and bank reference
c) Business plan (if applicable)

5. Register your fee zone company
Submit the documents to the chosen free zone authority. RAKEZ simplifies free zone company set-up in UAE with:
a) Customised packages
b) Comprehensive guidance
c) Quick processing

6. Secure your office space
Select from options like flexi-desks, private offices, or warehouses. RAKEZ offers flexible, cost-effective solutions.

7. Apply for visas
Free zones provide streamlined visa services for business owners, employees, and dependents. RAKEZ ensures hassle-free visa processing

Affordable free zone company set-up in UAE offers unmatched benefits, including ownership, tax savings, and operational efficiency. RAKEZ stands out with its sector-specific solutions, modern facilities, and supportive services.