RAS AL KHAIMAH ECONOMIC ZONE (RAKEZ)

 

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:-

FREE ZONE ENTITY
NON-FREE ZONE ENTITY
Zero Taxation
Zero Taxation
100% Ownership & Profit Repatriation
Established in Association with a UAE partner
Access to local market through a local agent
Direct sales in local market
No Customs duty on re-expotred goods
No Customs duty on sales in local or GCC market
Freedom to source labour
Subject to UAE labour law

LICENCES

RAKEZ offers a wide varity of business license for different activities:

 Types
 Activities
Freezone
Non-Freezone
 Commercial
Trading in services and goods
 Educational
Opening an education- related institution or consultancy company
 E-commerce
Trading in services and goods via electronic means
 General Trading
Trading in multiple goods
 Individual / Professional
One Owner with one activity in a specific specialty or expertise
 Industrial
Manufacturing, importing, packaging and exporting products
 Media
Opening media-related business activities
 Professional
For individuals who provide professional services
 Services
Conducting services or consultancies across any industry
 Tourism
Operating tourism-related activities or establishments

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.

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
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