RAKEZ Company Setup

RAKEZ is the fastest developing and very cost-effective free trade zone in the United Arab Emirates. This is home to over 12,000 companies from over 100 countries with at least 50 industry sectors. This is a great location to live and operate the business. RAKEZ offers many incentives at low rates than free zones in other emirates. It is a quite favorable place for investors and entrepreneurs. If you are interested in setting up a company in RAKEZ, then we at Start Any Business UAE will assist you in this process and make your process smooth and hassle-free.

RAKEZ provides customized services to investors. RAKEZ is a geostrategic place and has an ideal location for company setup because it is nearby fast emerging markets in South East Asia, Europe, and Africa. This is at a distance of an hour’s drive from Dubai. It has easy accessibility to an international airport and five seaports comprising Saqr Port, one of the largest bulk ports of the region.

RAKEZ

Process of RAKEZ Company Setup

1) Select A Business Activity

The first thing that you required is to select the business activity of your company. There are three economic activities, professional, commercial, and industrial, amongst which it is asked of you to select an activity of the business. Generally, industrial or retail businesses are included in trading or selling goods to other businesses or end consumers. You can choose a professional business that provides personal or commercial services like, consulting, accounting, management, etc. Whereas, Industrial companies are typically included in the manufacturing, packaging, and processing of products.

2) Decide on the Business’s Legal Form

What comes next is to deciding the corporate entity, you can select one complementing the activity of your business. Once the type and nature of the business are decided, the legal position conditions can be selected as well.

3) Determine the Name of the Business 

The step that comes after determining the legal form of the business is determining the name of the business. It is very crucial to ensure that the business name you select must match the rules and regulations defined by the free zone authority. Any reference or offensive language or any blasphemous to any religion in the name of the company will not be allowed. As well as comprising the name of owner or founder of the company should be involved in full rather than just the initial of the name of a surname, which is not allowed. 

4) Obtained a Business License

Once approval from the relevant authorities is obtained, a shareholder in the business can process to complete all the needs of obtaining a business license. Approval from the Department of Economic Development will be obtained before getting a business license that allows operating all business activities mentioned in the license.

5) Apply for a Visa 

Another need for setting up a company in RAKEZ is to obtain a visa. The process of applying and obtaining a visa is best taken with the help of a specialist who expert in business formation and obtaining visas and licenses. 

6) Rent an Office Space 

The final step, renting physical office space to conduct activities of the business. An owner of the business or a shareholder in the business must only decide on office space and rent it out once they have visited the monitoring and consumer protection administration in the DED. The business owner will also be required to pay a visit to other relevant authorities to fully examine and approve the business location. Some trade license needs a physical office space to be granted and operational activities of the business.

Document Required For RAKEZ Company Setup

  • Passport copy/ Emirates ID
  • Visa copy and entry stamp
  • Original NOC letter for General Manager
  • Business plan
  • Trade license/ certificate of registration of the existing company
  • Memorandum and Articles of Association

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Benefit Of RAKEZ Company Setup

  • RAKEZ is one of the world’s most cost-effective free zones. Land and cost of living in RAK is also very inexpensive
  • 100% foreign ownership, free from taxes, no restrictions on foreign exchange transactions and other free zone facilities
  • Flexible and transparent laws and regulations for businesses in RAKEZ.
  • Vital location for logistics and warehousing for both the UAE and the GCC markets
  • Geostrategic location with accessibility to over 1.2 billion consumers
  • RAKEZ industrial park and technology park are nearby to a seaport and international airport.

How We Can Help You

Start Any Business UAE is the name that provides a holistic approach to excellence, and professional business consultants. As in chief corporate services firm that operates under the trademark of Start Any Business UAE, we facilitate to all sizes of established entrepreneurs and businesses, expansion and conversion of their business in the UAE.

If you are looking for a RAKEZ company setup, then Start Any Business UAE will help you with strategic consultation. We make your process easy and reliable without any hassle.

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Office Suite 1202, 12th Floor, Fahidi Heights – AWR, Sharaf DG Metro Station, Bur Dubai, Dubai, UAE


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