RAS AL KHAIMAH ECONOMIC ZONE (RAKEZ) BUSINESS SETUP
RAKEZ is known as RAS AL KHAIMAH ECONOMIC ZONE lies in the city of Ras Al Khaimah – one of the seven emirates in the United Arab Emirates. Less than an hour’s drive from Dubai.
RAKEZ is a governing authority which continued the story of RAK Free Trade Zone founded in year 2000 and Ras Al Khaimah Investment Authority founded in year 2005 with over 100 countries, representing more than 50 sectors.
RAKEZ is offering a cost-effective business solution and world class economic zone to the clients and investors in a quick and easy processes services as well as the state-of-the-art facilities. RAKEZ is also accessible to their clients thru their business and promotional centers across the UAE and their International Liaison offices.
ADVANTAGES OF RAKEZ
- Quick & Easy Process
- Customisable Services & facility
- 100% repatriation of capital and profits
- 100% tax exemption
- 100% foreign ownership
- Low cost business setup
- Easy access to strategic market in the MENA region
- Ease of doing business
- One-Stop–Shop for all investor’s needs
- Well-developed industrial infrastructure
- Comprehensive master planning for growth
- Stable Government and investor friendly policies
- Wide-ranging business and industrial facilities and value-added services
RAKEZ ZONES
- RAKEZ Business Zone:- Trading, Services and Consultancy businesses
- Al Hamra, Al Ghail & Al Hulaila Industrial Zones:- Manufacturing, Industrial projects, trading, assembly & logistics
- RAKEZ Academic Zone:- Schools, Universities, Institutes, Academic consultancy and services
FACILITIES
1. FLEXI FACILITIES
- Shared furnished workstations or offices
- Ideal for startup, SMEs and enterpreneurs
- Secretarial and business centre services
- One-stop shop facility and value-added services
- Advanced IT/Telecommunications infrastructure
- Eligibility to apply for UAE Residence Visa
2. WAREHOUSES
- Customisable and availablity in various sizes
- Ideal for manufacturing, trading, assembly and logistics
- Availability of security and utility supplies around clock
- permanent power connectivity
- Proximity to retail districts and major logistics hubs
- Provision for on-site staff and labour accommodation
- Rasy access to manpower for loading and cargo
- Eligibility to apply for UAE Residence Visa
3. OFFICES
- Ready or customisable office spaces
- Ideal for commercial, services and consultancy business
- Secretarial and business centre services
- One-stop shop facility and value-added services
- Advanced IT/Telecommunications infrastructure
- Eligibility to apply for UAE Residence Visa
4. LAND FOR DEVELOPMENT
- Wide-ranging land sizes for development
- Ideal for manufacturing and projects
- Availability of security and utilitysupplies around the clock
- Proximity to major logistical hubs and other emirates
- Provision for on-site staff and labour accommodation
- Well-paved roads at all locations
- Eligibility to apply for UAE Residence Visa
BUSINESS TYPES
RAKEZ offers the choice of setting up a freezone or non-freezone entity, depending on your requirements. Difference between Freezone entity & Non-freezone entity:-
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FREE ZONE ENTITY
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NON-FREE ZONE ENTITY
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Zero Taxation
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Zero Taxation
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100% Ownership & Profit Repatriation
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Established in Association with a UAE partner
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Access to local market through a local agent
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Direct sales in local market
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No Customs duty on re-expotred goods
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No Customs duty on sales in local or GCC market
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Freedom to source labour
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Subject to UAE labour law
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LICENCES
RAKEZ offers a wide varity of business license for different activities:
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Types
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Activities
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Freezone
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Non-Freezone
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Commercial
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Trading in services and goods
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Educational
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Opening an education- related institution or consultancy company
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E-commerce
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Trading in services and goods via electronic means
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General Trading
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Trading in multiple goods
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Individual / Professional
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One Owner with one activity in a specific specialty or expertise
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Industrial
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Manufacturing, importing, packaging and exporting products
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Media
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Opening media-related business activities
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Professional
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For individuals who provide professional services
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Services
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Conducting services or consultancies across any industry
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Tourism
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Operating tourism-related activities or establishments
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NEW COMPANY REGISTRATION PACKAGE COST
BUSINESS LICENSE PACKAGE FEE DETAILS
| PRODUCT NAME | BizStarter 0 VISA | ALL INCLUSIVE 1 VISA | ALL INCLUSIVE 2 VISA | ALL INCLUSIVE 3 VISA | ALL INCLUSIVE 4 VISA |
|---|---|---|---|---|---|
| PRICE 1 YEAR | AED 5,499 | AED 16,500 | AED 20,000 | AED 25,000 | AED 29,000 |
| PRICE 2 YEAR | – | AED 28,050 | AED 34,000 | AED 42,500 | AED 49,300 |
| PRICE 3 YEAR | AED 15,599 | AED 39,600 | AED 48,000 | AED 60,000 | AED 69,600 |
| PRICE 4 YEAR | – | AED 49,500 | AED 60,000 | AED 75,000 | AED 87,000 |
| PRICE 5 YEAR | AED 26,597 | AED 61,800 | AED 75,000 | – | – |
| PRICE 6 YEAR | – | AED 69,300 | AED 84,000 | AED 105,000 | AED 121,800 |
| RENEWAL PRICE 1 YEAR | Same as Above | AED 16,500 | AED 20,000 | AED 25,000 | AED 29,000 |
| RENEWAL PRICE MULTIPLE YEAR | Same as Above | Same as above | Same as Above | Same as Above | Same as Above |
OFFICE SPACE PACKAGE FEE DETAILS
| PRODUCT NAME | Serviced Office A | Serviced Office B | Standard Office | Executive Office |
|---|---|---|---|---|
| PRICE 1 YEAR | AED 25,000 | AED 34,000 | AED 38,000 | AED 48,000 |
| PRICE 2 YEAR | AED 42,500 | AED 57,800 | AED 64,600 | AED 81,600 |
| Visa Quota | 2 FREE (Lifetime) | 4 FREE (Lifetime) | 4 FREE (Lifetime) | 6 FREE (ifetime) |
| RENEWAL PRICE 1 YEAR | AED 25,000 | AED 34,000 | AED 38,000 | AED 48,000 |
| RENEWAL PRICE MULTIPLE YEAR | Same as Above | Same as above | Same as Above | Same as Above |
AL BAB GROUP has expertise of registering companies in RAKEZ without any hassles to the investors, complying with all legal formalities.[/vc_column_text][wgl_spacing spacer_size=”50px”][vc_column_text]
RAK MEDIA CITY
Ras Al Khaimah Media Free Zone and Film City was launched 3 January 2006, by the Ras Al Khaimah Free Trade Zone (RAKFTZ) authority competing directly with Dubai Media City.
Ras Al Khaimah has earned its reputation as a pre-eminent commercial centre with an innovative, dynamic and entrepreneurial business culture. Strategically located at the crossroads of trade and commerce between East and West, it is ideally positioned to service and access markets that span the Middle East, Africa, the Indian Subcontinent and the CIS countries. Ras Al Khaimah is the location of choice for the modern professional and an ideal location for multinationals to establish a regional presence.
RAKFTZ is being developed because of the increasing cost of living in Dubai, which makes Ras Al Khaimah an alternative place to go. RAK Free Trade Zone authority has licensed Mirage Holdings Free zone Company, LLC, Ras Al Khaimah, to operate the RAK media city.
| Types of Licenses | |
|---|---|
| Publishing | Magazines, Educational & Professional Books, Consumer Books & Magazine, Promotional Content, e-Books, Directories & Guides |
| Broadcasting | TV & Radio Broadcasting |
| Broadcasting Management | TV & Radio |
| Filmed Entertainment / Production & Post Production | Film Production & Distribution, Media Content Management & Provider, Film Content Rights Management, Production, Post Production and Animation |
| Media & Marketing Services | Direct Marketing, Promotional Services, Advertising / Communication & Public Relations Agency, Intellectual Property Rights Management, Media Placement, Buying & Selling, Media Representation |
| Business & Information Services | News Agency, Media Research & Information Services |
| Music & Entertainment | Music Production & Recordings, Music Distribution, Music Publishing, Music Label & Rights Management, Promotion & Management, Event Management, Theme Parks Management, Sports Management |
| New Media & Media Support Services | Web Designing & Management, Interactive Services, Media Software Development & Integration, Access Spending, Multimedia Software Development, Digital Media Management |
| Service Provider | Restaurant, Stationary, Medical Clinic, Beauty Salon, Book Store, Kiosk, Banking Services, Interior & Set Decorator, Music & Video, Travel Agency, Laundry, Insurance Service Provider |
| Consultancy | Legal Consultancy, Accounting / Auditing Consultancy, Human Resources Consultancy, Marketing, Management, Project Management, Marketing entire Film and Media City |
RAK MEDIA CITY OFFERS THE COMPANIES AND INDIVIDUALS THE FOLLOWING INCENTIVES AND BENEFITS:
- 100% corporate tax exemption
- 100% repatriation of capital and profits
- 100% personal income tax exemption
- Single window clearance (One stop shop)
- 100% foreign company ownership
- No currency restrictions