RAKEZ FREEZONE

WELCOME TO RAKEZ FREEZONE

A powerhouse supporting startup businesses, SMEs, and global manufacturing players with their company formation in the UAE

Situated in the heart of the emirate of Ras Al Khaimah in the United Arab Emirates, Ras Al Khaimah Economic Zone (RAKEZ) is a business powerhouse and leading industrial hub. It is a business licencing authority that offers customisable solutions for UAE company formation to free zone and non-free zone businesses in a multinational community of +18,000 companies that flourishes in over 50 sectors.

Established by the Government of Ras Al Khaimah, RAKEZ is one of the largest economic zones in the region supporting startups, entrepreneurs, SMEs and industrialists with their business setup processes and requirements. We provide a wide range of business licences in the UAE, residence visa services, customisable facilities, as well as value-added support services including accounting, translation, bank account opening, recruitment, procurement, marketing, and many more.

If you have the proper set of professional counsel, getting a business license for a Dubai freezone company formation is simpler and quicker than getting one for an offshore or mainland corporation. Whether you decide to establish a business in the UAE free zone entirely relies on the kind of enterprise you want to launch.

Free Zone
Business set up

Unique advantage of RAKEZ freezone company formation

One factor, specifically free zones, decisively tips the scales in favor when people and organizations consider their possibilities for UAE free zone company creation.

The designated business zones known as “freezones” have company and personal income taxes that are cut back to 0%. The nature and type of the business, the size, flexibility, and accessibility of the office space, the location, and the cost can all influence the decision to use a free zone. 

 

Start your own business
in UAE from AED 5,500

If you have the proper set of professional counsel, getting a business license for a Dubai freezone company formation is simpler and quicker than getting one for an offshore or mainland corporation. Whether you decide to establish a business in the UAE free zone entirely relies on the kind of enterprise you want to launch.

  • 100% ownership to investors, regardless of nationality,
  • 100% tax exemption on personal or corporate income or gains
  • 100% repatriation of capital and profits
  • Exclusion from all import and export duties
  • Handy office and warehouse facilities
  • Option for a company set up by an individual
  • Exemption on corporate tax for 15 years, renewable for another 15 years
  • Complete secrecy of operations
  • Flexibility to engage in international business
  • Fewer renewal charges
  • Flexibility to hold properties, participate in multiple activities, and open a bank account in Dubai
  • The option of liquidating anytime
  • Assistance in housing facilities, staff visas, and other support services

Documents Required for Dubai Freezone Company Formation

For a business license:

  1. Colour copy of shareholder(s)’ passport and visa, if applicable
  2. Application form
  3. Business plan
  4. Board resolution
  5. Memorandum and Articles of Association (MAA)

For opening a bank account:

  1. A corporate account opening form
  2. A board of directors’ resolution sanctioning the opening of the account, and the signatories to the account
  3. A copy of your company’s certificate of incorporation
  4. A copy of your share certificate
  5. A copy of the company’s Memorandum and Articles of Association (MAA)
  6. Copies of passports for all partners in the company

Since they are tax-free zones with free trading ports that can be fully controlled by the person putting it up (regardless of nationality), UAE’s free zones are incredibly popular among entrepreneurs and business owners for setting up enterprises. Due to the lack of a local sponsor needed to serve as a point of contact during the company formation process in the Dubai Free Zone, there is a rise in international investment. The only need for free trade zone company registration in Dubai is that the share capital arrangements be established before submitting an application for a license.

Dubai free zone license will vary depending on the jurisdiction you opt for. However, the starting price of hte license is approximately AED 5800.

There can only be a single shareholder for a Free Zone Estabkishment whereas there can be two or more shareholders for a Free Zone Company.

The following are the steps to setup process of a free zone company in Dubai:

  • choose your preferred jurisdiction
  • Choose your preferred company structure
  • Apply for business registration
  • Obtain approvals from relevant authorities
  • Submit all required documents
  • payment of license fee

There may be additional steps depending upon the free zone you choose to incorporate your company

Dubai free zone company formation cost starts from approximately AED 12,900*

The starting price for a smart desk would cost approximately AED 5,000 whereas a physical office space would cost appproximately AED 18,000

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