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Cost of RAKEZ License in 2026
RAKEZ Freezone was established in 2017, aiming to provide a conducive environment for businesses. This will boost investment to enhance the commercial growth of the emirate. RAKEZ offers commercial, educational, industrial, and media licenses, ensuring diversified investments.
| Package Type | Visa Allocation | Starting Price (AED) | Ideal For |
|---|---|---|---|
| Flexi-desk | 0 | 6,000 | Start-ups, freelancers, professional services, and consultants who want to start a business on a minimal budget, without needing a visa. |
| Flexi-desk (with Visa) | 1 | 12,000 | Solopreneurs, small firms, e-commerce, or services requiring one visa. Operations will be from a comparatively small workspace. |
| 2-Visa Package | 2 | 18,000 | Teams requiring employee visas, companies targeting immediate expansion, and entities with members. |
| 3-Visa Package | 3 | 22,000 | Companies with 03 employees, planning to function in a comparatively large manner. |
| Standard Office | 4 | 26,000 | The standard office package is for companies with an improved presence. Offering large-scale business activities. |
| Standard Office (6-Visa) | 6 | 38,000 | Highly operational businesses with a strong presence and multiple activities simultaneously. |
How to Set Up a RAKEZ Freezone Company
Ras Al Khaimah Economic Zone has instituted a methodical procedure for company formation and offers customizable business spaces, including purpose-built offices, industrial facilities, warehouses, and tailored work centres. Kiltons Business Setup Services supports you throughout the RAKEZ company formation process, handling licensing, documentation, and approvals to ensure a smooth and efficient setup experience.
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Types of Business Entities in RAKEZ
RAKEZ free zone offers a set of company structures for the investors to choose from. From Private Company Limited by Shares to Designated Non-Financial Business or Profession (DNFBP), it has diverse options.
| Entity Type | Description | Ownership |
|---|---|---|
| Free Zone Company | Free Zone Limited Liability Company (FZ-LLC) is the most common free zone company structure in RAKEZ. It can have 1 to 50 shareholders and allows full repatriation of investment and profit. | 100% |
| Branch of a Foreign Company | The parent company is located outside the RAKEZ Freezone. This is a branch of the company, following the business activities, policies, and functions of the parent company. | 100% |
| Branch of a UAE-based Company | A branch of a company located in the UAE. Similar to a branch of a foreign company in the Ras Al Khaimah Economic Zone. | 100% |
| Limited Liability Company (LLC) | This is a non-free zone company located outside the regime of RAKEZ. Such an entity might perform more business operations in the Mainland region than in the free zone. It can have 1-50 shareholders. | Local partner/sponsor Mandatory (in the majority of business activities) |
Documents Required for RAKEZ Business Setup
For an Individual Shareholder:
- Application for Registration and Licensing
- Original No Objection Certificate for Shareholder(s)
- passport copy of shareholders, general manager, director (if applicable)
- UBO Declaration Form along passport Copy required
- Application for Chamber of Commerce Membership
- Family book and Emirates ID of UAE shareholder or local service agent (whichever is applicable)
For Corporate Shareholders:
- Application for Registration and Licensing
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Certificate of Good Standing(or Equivalent)
- Board Resolution
- Shareholder Register
- Copy of Passport of Ultimate Beneficial Owners
- UBO Declaration Form for the Corporate Shareholders
- Copy of a valid trade licence
Timeline Breakdown for RAKEZ Business Setup
RAKEZ Freezone has a streamlined, hence efficient, business setup process. The methodical procedure assures company formation in about 3 to 07 days. That means a foreign investor can have his or her company’s presence in RAKEZ in a week. Imagine how quick it is.
Identify the business activities, structure, number of visas required, the type of office space, etc.
Prepare all the documents required, including a copy of passports, passport-size photographs, a copy of the visa and Establishment Card (as applicable), other documents, etc.
Finalize the company name, according to the naming policy in the country, and submit it for approval from the RAKEZ authority.
Obtain initial approval for the establishment of the free zone company in RAKEZ Freezone. Pay the license fee. The fee will depend on the type of business activities planned.
Conclude the lease agreement for the business space chosen.
Ras Al Khaimah Economic Zone Authority issues the license right away if all the documents are accurate. At the same time, the authority may ask for resubmission or additional documents if there are any discrepancies. A Certificate of Incorporation is also issued with the license.
Visa and Establishment Card applications have to be prepared and submitted for the business packages with a visa.
Trade license, company incorporation certificate, passport copies, and other specified documents are necessary for opening a bank account. The time taken differs with the bank chosen.
Key Advantages - RAKEZ Business Setup
RAKEZ has designed a client-friendly atmosphere for the investors planning to establish their presence in the UAE. Budget-friendly, cost-effective, and flexible company formation has been attracting foreign investment to this jurisdiction.
100% Foreign Ownership
Start a free zone company in RAKEZ without a local sponsor or local partner, owning 100% of shares.
100% Repatriation of Investment and Profit
No charges while transferring investment and profit out of the country. 100% repatriation of capital and investment is another aspect that makes RAKEZ an advantageous one.
Budget-friendly Pricing
RAKEZ Freezone has been offering business packages at reduced prices. Freelancers, professionals, and start-ups looking to test the waters can explore this business domain.
Diverse Business Options
Whilst a majority of free zones in the UAE focus on a specific field, RAKEZ invites businesses from media, trading, e-commerce, manufacturing, services, and other fields.
Visa Options on Choice
From “No Visa” to 6+ visa makes it possible to choose a visa package without any limitations. Small businesses or startups can opt for a no visa or one visa option. Leading entities or companies with more business operations can go for 4, 6, or 6+ visa options.
Licensing
RAKEZ
Need help?
1
Business Activity and Structure
What businesses planned? Which legal structure are you planning to have? How many visas are required? These are to be determined or brainstormed before commencing the trade license and company incorporation.
2
Document Preparation
We have listed the documents required for individual shareholders and corporate shareholders in one of the sessions. The documents are to be checked for correctness and prepared for submission.
3
Company Name Reservation
The UAE has strict regulations regarding company registration. Submit three names according to the naming regulations and get those approved.
4
Obtain Initial Approval
Obtain initial approval for the company formation in RAKEZ Freezone.
5
License Fee
Pay the license fee according to the business activities planned.
6
Lease Agreement
The lease agreement has to be concluded and registered with the authority.
7
Receive Trade License and Company Registration Documents
The Ras Al Khaima Economic Zone Authority will issue a license, company registration, and associated documents.
8
Open Bank Account and Apply for a Visa
Apply for a visa and Establishment Card (if applicable). Open a corporate bank account with the license, registration certificate, and other relevant documents.
RAKEZ Business Bank Account Assistance
Popular Banks
- Commercial Bank International (CBI)
- Mashreq Bank
- Abu Dhabi Islamic Bank (ADIB)
- RAK Bank
- Noor Bank
- Wio
Required Documents
- Trade License
- Certificate of Incorporation
- MOA & AOA
- Company profile
- Board Resolution
- Lease Agreement
- Bank Statement (03-06 months)
- Passport Copy
- Visa and Emirates ID (if Resident)
- Proof of Address
- Share Register/ Shareholder Data
Bank Interview
The bank will undertake an interview as part of the KYC regulations to understand the business activities planned. The interaction/ meeting will ensure that the client is not planning any illegal activities, like money laundering. And will enhance the bank’s confidence in the client.
Account Opening Timelines
Different banks in the RAKEZ Freezone have different account opening timelines. From on-the-spot account opening, accounts in 48 hours, to 03 to 06 weeks (in complex cases, where documents are not proper or any other legal issues).
Talk to an expertOffice Options Available in RAKEZ
Brainstorm and confirm the business space and the number of visas you require. This may not apply to freelancers, start-ups, or small companies, who do not want a visa or a private office space. RAKEZ Freezone has different workspace options for investors to choose from.
| Workspace Type | Description | Suitable For |
|---|---|---|
| Flexi-desk BC | Flexi-desk BC is a basic shared workspace, without a specified desk. Common amenities can be used. | No visa offered in this workspace option. Solo entrepreneurs, freelance professionals, and those starting a business on a minimal budget can choose this. |
| Flexi-desk BC | Flexi-desk BC is a basic shared workspace, without a specified desk. Common amenities can be used. | No visa offered in this workspace option. Solo entrepreneurs, freelance professionals, and those starting a business on a minimal budget can choose this. |
| Flexi-desk | Similar to flexi-desk BC, but with a 01 visa. | Small firms, entrepreneurs, and start-ups are opting for business setup on a minimal budget, with a 01 visa. |
| Flexi-office | Even though co-working space, it has more privacy than a flexi-desk. | Ideal for teams of up to 02 employees. |
| Serviced Office | Serviced Office A and Serviced Office B are there. Private workspace with more privacy, offering dedicated space, and a more professional appearance. | With 2-4 visas offered, the service office is suitable for small teams of up to 04 employees. The company can have a professional appeal with the serviced office settings. |
| Standard Office | Normally furnished private offices with complete privacy and professional appeal. | Entities with an identity can choose this. It will offer complete privacy and convey the message silently about the prominence of the firm. |
| Executive Office | Executive style, large, private office, as the name indicates. It has way better amenities than the previously seen workspaces. | Already established companies with senior staff and acclaimed acceptance in the market. |
| Industrial Space/ warehouse | Logistics activities, industrial operations, shipping, etc., can be undertaken from this type of workspace. | Companies in manufacturing, production, storage, shipping, etc. |
RAKEZ License Types & Sample Business Activities
From Freelance Permit to Educational License, RAKEZ offers specific licenses for investors from different fields. The documents and approval required may have slight variations depending on the type of license.
Freelance Permit
For professionals planning to freelance in the RAKEZ Freezone.
Sample Activities :
- Content Creator
- Photographer
- Web Designer
- Digital Marketer
Commercial License
Businesses in trading activities, retail sales, sales of electronic goods, textiles, etc.
Sample Activities :
- Foodstuff Business
- Electronic Goods Shop
- Security Equipment Sales
General Trading License
Business of multiple items under one license.
Sample Activities :
- Supermarkets
- Shopping Centre
- Grocery and Utensil Stores
E-commerce License
E-commerce business setups in RAKEZ, operating online through portals, apps, and social media.
Sample Activities :
- Online Shop
- Online Ticket
- E-services
Individual Professional
Specialised professionals offering services from a workspace.
Sample Activities :
- Graphic Designers
- Translation Services
- Professional Consultancy
Industrial License
Production, assembly, and manufacturing companies must obtain an Industrial license before commencing operations.
Sample Activities :
- Manufacturing of Machinery
- Furniture Production
- Ceramic Factory
- Steel Fabrication
Service License
Entities in the service sector, providing services like man management, facility management, and hospitality.
Sample Activities :
- Facility Management Services
- Manpower Services
- Wellness Centre
Media License
The organizations functioning in the media field. Creative agencies, filmmaking professionals, digital marketing firms, etc., must have a media license.
Sample Activities :
- Digital Marketing Agency
- Media Firm
- Film Making
Professional License
Technical professionals offering services in their specialised sector.
Sample Activities :
- Engineering Consultancy
- Auditing Service
- Financial Advisory
Educational License
Teaching platforms, e-learning solutions, coaching centres, and such entities require an educational license to set up the company.
Sample Activities :
- Teaching Centre
- Tuitions
- E-learning Platform
- Exam Coaching Centre
RAKEZ Company Renewal
The Ras Al Khaimah Economic Zone trade license is issued for one (01) year, except for a few sectors. The license must be issued on time; failure can lead to a fine of AED 50 per day. The process, the documents required, the fee, and the timeline might differ depending on the type of license and the business activities. Here is the general procedure for RAKEZ company renewal.
- Prepare the documents for the license renewal.
- Check the renewal quotation received from RAKEZ Freezone. The quotation is normally forwarded by email 60 days before the license expiry.
- Submit a request for a renewal quotation to the customer care if the quotation hasn’t been received.
- Upload the documents to the online portal of RAKEZ.
- RAKEZ authority will review the documents and seek clarifications/ additional documents if required.
- A renewed trade license will be issued if all the documents are correct.
License Cancellation
Exit Process, Visa Cancellation, Final audit (if applicable)
RAKEZ Company Amendments
Amendments in business activities, company structure, trading name, shareholders, directors, etc., are allowed in the RAKEZ free zone. The amendment procedure and the amendment fee will depend on the amendment required.
- Check and confirm whether the amendment required is permissible or not.
- Prepare the documents for the amendment.
- The amendment request can be submitted through the RAKEZ e-services portal or through customer service. Submit the request at your convenience.
- Pay the amendment fee.
- The RAKEZ authority will review the amendment request and the documents submitted. Will approve the amendment accordingly.
- Undertake the change in the documents after the receipt of the amendment approval.
RAKEZ Company Cancellation
RAKEZ company cancellation must be processed if the company is being dissolved due to poor performance or any other reason. The company cancellation process involves visa cancellation, payment of the cancellation fee, settling of employee allowance, and publication in the media.
- Cancel employee visas connected to the company.
- Pay the entire outstanding governmental and utility fee.
- Obtain NOCs and clearances from RAKEZ, Customs, Chamber of Commerce, and other relevant bodies.
- Prepare the cancellation resolution.
- Surrender the documents received from RAKEZ Freezone and other departments.
- Many a time, the company cancellation needs to be published in at least 02 newspapers.
- Submit the final application for company cancellation.
Hidden Cost to be Aware of
More often than not, the investors do not give attention to the additional expenses. Consequently, they will be surprised to receive a bill higher than they had calculated. This is not due to any hidden charge. Nonetheless, due to the oversight of the individual engaged in documentation and company formation formalities.
- E-channel immigration fee
- Visa expenses
- Late renewal fee
- Tradename fee
- Office setup expenses
- Municipal charges
- Banking charges
Is RAKEZ The Right Choice For You
RAKEZ is Ideal For
Businesses involved in general trading, import, export, distribution of goods, and e-commerce operations can make optimal use of the benefits offered by the RAKEZ free zone.
RAKEZ is ideal for both start-ups and SMEs. The cost-effective licensing, flexible business solutions, and highly beneficial packages offer a productive business setup for businesses.
Industries will need space for factories, warehouses, storage facilities, labour accommodation, and transportation hubs. RAKEZ offers all. Making it a viable option for businesses from this sector.
RAKEZ provides an academic zone designated for educational institutions, training centres, etc. Further, the exclusive licenses for media and professional services make the space suitable for media and education sector-based entities.
RAKEZ May Not Be Ideal For
RAKEZ does not have licenses for highly regulated financial entities like asset management firms, financial entities, and fund managers. Making it less suitable for such businesses.
Located remotely, the consumer footfall is comparatively low in the RAKEZ Free Zone. Making it not suitable for businesses that require high customer footfall.
Solo businesses to be set up on a minimal budget may not consider RAKEZ.
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