Ras Al Khaimah economic zone activities

Ras Al Khaimah business license can be obtained for a huge variety of business activities and you can be sure that you will find what you need.

Activity list of RAKEZ is one of the largest among all the UAE free zones. Activities are divided into a few categories:

Commercial

Service

Industrial

Media

Educational

Individual / professional E-commerce

Some activities require a company manager to have a relevant educational degree, which should be proved by a certificate attested in UAe Embassy in the country of origin. Usually such activities are related to a professional service which needs certain qualifications, for example:

Accounting and bookkeeping

Architectural design and consultancy

Aviation consultancy

Communication engineering consultancy and many more.

RAKEZ has enforced substance requirements and many activities now fall under it. They will need to be registered under special conditions, such as:

Dedicated office space or a warehouse Submission of a business plan Having a company manager on the company resident visa

License costs

Ras Al Khaimah Free Trade Zone Authority often runs promotions and discount campaigns. The prices are reasonably starting from roughly 8,000 AED for a zero visa media company.

RAKEZ also has a special product for women called Women in Power with prices 40% less than usual. If you are a woman, you can pick any package and any activity and simply pay less!

Apart from that, if you want to save money in the long run you can register a 3-year package. The discount in this case will be 25%. On top of that, all resident visas under the company will be free of charge.

RAKEZ cheapest license fees:

Type of licence Cost, AED Zero visas trading package 11,440 1 visa individual professional package 13,468 1 visa trading/service package 15,868

Free zone company setup

Business setup in Ras Al Khaimah can be done within about a week. Your personal visit will be required, but you don’t have to go all the way to Ras Al Khaimah - you can visit a representative office of the zone in Dubai.

RAKEZ also has international offices in India, Turkey and Germany, where your application can be filed.

Today it is home for over 13 000 companies already. Interestingly, RAKEZ offers registration of both Free Zone and non Free Zone entities in Ras Al Khaimah.

Ras Al Khaimah company register is not open to the public and kept confidential.

In case your setup has been rejected by any major force reason after you made the payment to the free zone, you will be granted a 100% refund.

Resident visas

Packages start with zero visas and go up to 4 visas in case you rent a ready-made executive office. Of course, if you rent a warehouse, for example, your company will be eligible for more visas since you’ll need to hire more staff.

RAKEZ visa costs in AED

RAKEZ fee, AED Medical checkup, AED Emirates ID, AED Investor 3950 637 370 Employee 2400 + 2000 deposit 637 270

Health insurance is not mandatory for RAKEZ companies owners, but it will be required for the dependants in case you open visas for your family members.

Renewal

Ras Al Khaimah business license renewal costs 1,000 AED less than the incorporation. Renewal can be done without personal presence of the shareholder.

RAKEZ required financial audit of the companies. You need to submit it at the end of your financial year, which would be December by default or another month of your choice.

Amendments

The company can be amended at any time. Most frequently happening amendments include the following changes:

Shareholders/managers

Company name

Business activity

Office facility

Personal presence of the shareholder or manager is required for the application for the amendments.

Business liquidation

Ras Al Khaimah free trade zone company liquidation takes about 3-4 weeks. Make sure to cancel all the visas under the company before you apply for its liquidation.

The government cost of company closure is 3,500 AED.

Opinion

Overall, we usually recommend RAKEZ to those who are looking to open an industrial, manufacturing or assembling business due to its ready-made facilities.

Apart from that, if you want to have a physical office and don’t require a location near Dubai, RAKEZ would be a perfect choice as well.

If you are residing in Abu Dhabi and want to have an office facility with a reasonable price there, RAKEZ is also a free zone of your choice.

If you want to check other options, have a look at SHAMS company formation as a possible alternative.