Established by the government of Ras Al Khaimah, the free zone aims to promote industrial and business activity in the region. Due to its favourable policies and state of the art infrastructure, the free zone is on the track to becoming one of the best economic zones in the world. RAKEZ company formation provides all the benefits of the more famous free zones but at a reasonable cost. Its strategic location connecting the Middle East, Africa, South Asia, and Europe encourages a diverse range of business activities. The free zone already has more than 14,000 registered companies with new ones being set up each year.
Choose the type of business
The first step for a RAKEZ company set up is to decide on the license type and business activity you wish to engage in. The type of licenses available at RAKEZ include;
RAKEZ also has other licenses that are specific to the type of business activity such as tourism, education, and media.
Submit the application
The second step for RAKEZ company registration is to submit an online application. The application form lets free zone authority know the specifics of your business.The type of legal entity your company will take must also be determined. In RAKEZ you will find the option of setting up three types of companies;
At this stage investors are also required to submit a few documents such as a business plan and NOC if required.
Get your license
After submitting the required documents, the license fees must be paid. The license certificate normally takes a few days to be processed. Companies must also choose the appropriate office space for their company. RAKEZ has the option of a flexi desk, a standard office, and an executive office.
Ras Al Khaimah Economic Zone company formation especially for first time business owners can be a difficult and time consuming process. Our team is well equipped at managing the entire incorporation procedure. We can provide valuable assistance that will save you time and effort in the company formation process allowing you to focus on making your business a success.