Ras Al Khaimah Economic Zone (RAKEZ), a powerful zone free zone, plays a crucial role in supporting startups, SMEs and industrial firms. A desirable location for global enterprises seeking a cost-effective business zone that is strategically located in the UAE to connect with the global business network, RAKEZ is the primary choice for many. Tahfeel, a Free Zone Setup Service in Dubai, is your friend and guide to learn the business operations, license procedures and company formation formalities.
What Is RAKEZ?
RAKEZ was formed by merging Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA). These two economic zones merged to form a comprehensive economic zone, and this modern business support system now supports businesses of all scales. It is unique as it functions both as a free zone and a non-free zone authority.
RAKEZ is located strategically to improve the connection between investors and the market. Businesses operating here will have access to the Middle East, North Africa, Europe, and Central and South Asia and can access multiple seaports and an international airport. Modern highway facility and connectivity with major commercial hubs like Dubai is a great advantage for choosing RAKEZ.
Advantages of RAKEZ Free Zone Operations
100% Foreign Ownership & Profit Repatriation
Businesses operating in RAKEZ can experience 100 % foreign ownership, allowing investors to invest without seeking the support of a local sponsor. With this, the international investors can experience complete control over the business.
Tax-Friendly Environment
RAKEZ Free Zone supports businesses with total relaxation of tax. Investors can join this competitive environment with 0 % tax. However, companies have to qualify the requirements to launch their business here.
Global Connectivity at a Key Location
RAKEZ is located in a prime logistical location and allows fast access to primary shipping routes via ports and air cargo facilities. This is beneficial to industries like import/export, manufacturing and logistics-based businesses.
Facilities of Diverse Types & Customizable Spaces
RAKEZ has multiple types of facilities:
- Flexi-desk/shared workspaces
- Standard/executive offices
- Warehousing/light industrial space
Land plots for manufacturing /expanding
RAKEZ can meet your company’s infrastructure needs regardless of whether you are a service provider, trader, manufacturer or educator.
Simplified Business Setup Process with One-Stop Business Services
RAKEZ prides itself on providing a customer-centric environment. It has a one-stop shop for all business setup services, quick processing of licenses and visa issuance and uses automated services to support its customers with compliance and administrative functions. This reduces the delay in the startup process.
Industries of Business Activities Within RAKEZ
With a wide variety of industry classifications (more than 50) to choose from, RaKEZ offers various license types to match the strategic needs of the company. The major sectors supported are:
● Manufacturing / Industrial Production
● Logistics / Distribution
● Trade and E-commerce
● Professional Services / Consulting
● Education / Academic
● Media / Creative
Because of the diversity of sectors available in RAKEZ, companies moving into RAKEZ can range from small to large-scale businesses.
Business Planning and Operation Assistance
When establishing your operation in RAKEZ, you must first get a Free Zone Licence based on your type of business. Tahfeel will provide you with guidance in order to find the best type of licence for your business and assist with every administrative step needed to successfully establish your operation. This includes:
● Approval of Company Name
● Submission of Application for the Licence
● Verification of Documents and Compliance
● Issuance of Visas for Owners
With the efficient way RAKEZ manages their system online, combined with the individual support provided by Tahfeel, the majority of all setups can be done quickly, allowing entrepreneurs to spend more time developing their businesses and not on processing issues.
Residence Visas & Integration of Your Work Force
If you have a RAKEZ Licence, you may sponsor Romanian Residence Visas for your owners, partners &/or Employees. Generally speaking, the number of visas you are allowed to sponsor will depend on the type of licence package purchased and the number of office spaces you are allocating. To help you successfully onboard your Workers, Tahfeel assists with Obtaining Visas, Processing Labour Cards and Co-ordinating with Immigration.
Why Choose RAKEZ Through Tahfeel
As a trusted business consultancy firm, Tahfeel Business Setup Service Dubai provides comprehensive
support for your RAKEZ Free Zone operation, including the following:
● Expert assistance in selecting the correct Free Zone and type of operation for your goals
● Preparation of Accurate, Compliant Documentation
● Efficient Submission of Applications & Follow-up with RAKEZ Authority
● Support with Obtaining Visas, Banking, Accounting and Continued Compliance
● Strategic Growth and Expansion Advice within the UAE
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