9 Reasons why you should start a company in Ras Al Khaimah

Introduction

The United Arab Emirates (UAE) has become one of the most attractive locations to set up a business. The country offers one of the lowest tax rates, has top-notch infrastructure for businesses and offers great ease of doing business.

However, things can easily get confusing when choosing between the various emirates and regions of the UAE to set up a business. 

In this article, we will tell you why you should set up your business in Ras Al Khaimah, particularly RAKEZ (Ras Al Khaimah Economic Zone) which is one of the leading industrial and business hubs in the UAE.

Advantages of setting up a company in Ras Al Khaimah

1. 100% foreign ownership
Despite being a foreign citizen, you can have 100% ownership of a business in RAKEZ. This gives you a great amount of freedom in calling the shots and the ability to make quick decisions when it comes to growing the business. The fact that you can start the company without needing a local UAE partner also helps expedite the business set-up process.

2. Fast and efficient business set-up
The process of setting up a business in Ras Al Khaimah is extremely robust and streamlined. The regulations and guidelines are clearly laid out to ensure you can set up and start operations as soon as possible. Additionally, you can easily get assistance to determine the specific requirements for your business and make the necessary arrangements.

3. Dedicated zones for specific business activities
Ras Al Khaimah has various industrial, academic and business zones. The zones not only provide a lot of business activity options but they are also set up in such a way that all your requirements are met when you start the business. From heavy manufacturing industries to simple set-ups for freelancers, you can find it all at RAKEZ.

4. Provision to build on-site staff and labour accommodations
A major concern of business owners is to source the human capital for streamlined business operations. If you set up a business in RAKEZ, you get the option of developing on-site staff and labour accommodation. This not only helps you improve productivity but also helps attract the right talent for your business.

5. One-stop shop for all government services
Ras Al Khaimah leaves no stone unturned to assist businesses in the region. For instance, you get a one-stop shop for all government services. This means you do not need to commute from one office or department to another for documentation. From licence renewals to getting approvals and government services, you can get it all done under one roof in Ras Al Khaimah.

6. Connectivity to major logistical hubs
Located in the northernmost part of the UAE, Ras Al Khaimah offers connectivity to all the major logistical hubs. Whether you want to transport goods within the UAE or to international markets, there are plenty of great options available. Operating from RAKEZ gives you access to foreign markets in Asia, Europe, Africa and the Middle East.

7. State-of-the-art warehouses
Running a successful business is a lot more than just documentation. RAKEZ meets all the physical requirements of your business as well. Whether you need coworking space and offices or storage and warehousing options, you get plenty of customised options at RAKEZ. 

8. Wide range of business and industrial facilities
The choice of business activity in the UAE plays a key role in the ability of your business operations. You need to identify the right business activities and get the relevant licence to avoid any hiccups. RAKEZ offers a wide range of business activity operations under various categories.

Source: https://www.google.com/url?q=https://rakez.com/en/join-us/getting-started&sa=D&source=docs&ust=1722224341779816&usg=AOvVaw1QQBESPGzHqj-oJvBLThbO

 9. Quality living
Finally, to run a successful business, you would also need your personal requirements to be met. Especially if you are going to oversee operations physically. Ras Al Khaimah allows you to maintain some of the highest quality living standards. With a 64 km coastline and an average temperature of only 27℃, you can enjoy the majestic mountains and relaxed seaside while having access to affordable housing, shopping malls, premium educational institutions and more.

Conclusion

If you are planning to start a business activity in the UAE, then RAKEZ should definitely be on your consideration list.
Our business experts will help you every step of the way. They will help you determine the specific services, licences and approvals necessary for the business set-up. It helps you focus on the business operations while everything else can be managed seamlessly. Interested? Contact us to know more.

Frequently asked questions

Q: What kind of activities are allowed in RAKEZ?
A: At RAKEZ, there are hundreds of business activities ranging from over 50 sectors such as manufacturing, energy, technology, healthcare, aviation, shipping, education, media, professional services as well as personal and community services. To learn more about the activities, please click here. 

Q: What type of free zone licences does RAKEZ issue? 
A:
● Industrial: Manufacturing, importing, packaging and exporting products
● Commercial: Trading in services and goods
● Educational: Opening an education-related institution or a consultancy company
● E-commerce: Trading in goods and services via electronic means
● Individual/Professional: One owner with one activity in a specific speciality or expertise
● General Trading: Trading in multiple goods
● Media: Operating media-related business activities
● Service: Conducting services or consultancies across any industry

Q: Why should I start a business in the Ras Al Khaimah Economic Zone (RAKEZ)?
A: Ras Al Khaimah Economic Zone offers numerous advantages such as 100% foreign ownership, fast and efficient business set-up processes, dedicated zones for specific business activities, on-site staff and labour accommodations and a one-stop shop for all government services. These benefits make it an ideal location for starting and growing your business.

Q: What kind of living standards can I expect in Ras Al Khaimah?
A: Ras Al Khaimah offers high-quality living standards with a 64 km coastline, an average temperature of 27℃, majestic mountains and a relaxed seaside environment. It also provides affordable housing, shopping malls, premium educational institutions and other amenities, ensuring a comfortable lifestyle while you oversee your business operations.