Establishing a Factory and Manufacturing in RAKEZ, Dubai, UAE
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The legal forms of UAE RAKEZ Ras Al Khaimah companies depend on whether they are established in the free zone or non-free zone areas of the Ras Al Khaimah Economic Zone. A free zone company can have 100% foreign ownership. A non-free zone company is established with a UAE local partner. It is subject to UAE business laws. The details of the different legal forms of Dubai RAKEZ Ras Al Khaimah companies are tabulated below:
Zone |
Legal Form |
Number of Shareholders |
Features |
Dubai RAKEZ Ras Al Khaimah free zone |
Free zone limited liability company (FZ-LLC) |
One to fifty (1 – 50) |
Zero corporate tax Zero income tax Zero customs duty Zero re-export tax Freedom to source labor 100% foreign ownership Access to the Ras Al Khaimah local market |
Dubai RAKEZ Ras Al Khaimah non-free zone |
Sole establishment |
One (1) |
Zero corporate tax Zero income tax Sell directly in the local market Zero customs duty on sales in UAE and Gulf Cooperation Council (GCC) markets. |
UAE Dubai RAKEZ Ras Al Khaimah non-free zone |
Limited liability company (LLC) |
Two to fifty (2 – 50) |
|
Dubai RAKEZ Ras Al Khaimah non-free zone |
Branches of companies established inside or outside the UAE. |
None |
The license options listed below are available for any UAE Dubai RAKEZ Ras Al Khaimah company:
Commercial and industrial licenses allow a company to operate in both the UAE Dubai RAKEZ Ras Al Khaimah free zone and the non-free zone area. Therefore, a professional license is issued for both free zone and non-free zone areas depending on the nature of the professional activity.
The following documents are required to set up a company with the Ras Al Khaimah Economic Zone:
Color copy of passport / Emirates ID (for UAE residents).
It is mandatory to lease office space for your UAE Dubai RAKEZ Ras Al Khaimah company.
A specific number of fixed visas are allocated for each office option. Therefore, the first and most important parameter to consider when finalizing an office space is the number of visas they expect to get from the UAE RAKEZ Ras Al Khaimah companies. Therefore, after determining this, considerations such as space, flexibility, privacy, and additional facilities should be addressed.
This is an affordable workstation suitable for all businesses, mostly startups, that do not intend to obtain multiple visas. It is also an attractive option for freelancers who work alone. Because with a flexi desk, you can get up to one (1) visa. Additionally, UAE Dubai RAKEZ Ras Al Khaimah offers two (2) flexi desk options: 'Flexi Desk BC' and 'Flexi Desk'.
The flexi office is a shared office in a large co-working space. A maximum of two (2) visas are allocated if you choose a flexi office for your UAE Dubai RAKEZ Ras Al Khaimah company. Access to facilities such as meeting rooms, event spaces, cafes, etc., is also provided. Because the additional benefits of the flexi office include unlimited use of the open workspace. It also includes free use of lockers and free access to events hosted by UAE Dubai RAKEZ Ras Al Khaimah. Flexi offices only cater to freelancers or companies with commercial or service license types.
A suitable option for small companies that want to rent a private workspace for their staff. Your staff will be given a private workspace in a closed office. They will share the room with other like-minded companies. A ready office comes with a maximum of four (4) visa allocations. For this reason, ready offices are classified as 'Quick Office A' and 'Serviced Office B' depending on the visa allocations and the size of the office.
If you need up to six (6) visas, a private office space in an advanced facility, and a larger area for your staff and clients, choose an executive office. Please note that the executive office is only granted to companies with a commercial, service, or general trading license. The executive office is a desirable choice for small and medium-sized companies.
Being a woman in a Middle Eastern country like the United Arab Emirates has its advantages. Because with the development of gender equality, women have all the advantages these days. Therefore, women have been successful in achieving their dreams of becoming a girl boss by starting thriving businesses in the UAE.
In August 2019, the Ras Al Khaimah Economic Zone, mostly known as UAE Dubai RAKEZ Ras Al Khaimah, launched a special businesswomen's package. It also pledged to carry forward the idea of women's empowerment. Interestingly, RAK EZ launched these packages on Emirati Women's Day.
The businesswomen packages include all the advantages of setting up a UAE Dubai RAKEZ Ras Al Khaimah company. Additionally, women who set up a company under the businesswomen packages will benefit from the following advantages:
Women can set up their dream company with UAE Dubai RAKEZ Ras Al Khaimah at very affordable costs, starting from AED 6,280. Because under these packages, women can also use an office desk for an unlimited period for three (3) months. Normally, the use of a flexi desk in other free zones is limited.
Another great advantage of these packages is that women can pay for the company they set up in installments if they wish. Therefore, UAE Dubai RAKEZ Ras Al Khaimah has various installment plans for payments starting from three (3) months.
UAE Dubai RAKEZ Ras Al Khaimah offers this deal exclusively to women. This is also a great advantage for a businesswoman. Women can open a zero-balance business account for their company at RAK bank. At the same time, the bank account can be opened in multiple currencies. Because this account can be opened without the hassle of going back and forth for bank approvals.
Women can choose the following license types for their UAE Dubai RAKEZ Ras Al Khaimah companies:
The renewal cost for the second year will be AED 1,000 less than the company setup cost.
For this reason, women entrepreneurs can get from zero to six (0 to 6) visas from UAE Dubai RAKEZ Ras Al Khaimah companies.
Most commercial activities |
Carry out more than four thousand (4,000) commercial activities. |
Doing business in the free zone and non-free zone |
UAE Dubai RAKEZ Ras Al Khaimah offers company solutions for both free zones and non-free zones |
Women's empowerment |
UAE Dubai RAKEZ Ras Al Khaimah supports women by offering special prices. |
Minimum capital |
Set up a company with a capital of only AED 10,000. |
Special economic zones |
UAE Dubai RAKEZ Ras Al Khaimah has special industrial, academic, and commercial activity zones. |
Freelancers can work in UAE Dubai RAKEZ Ras Al Khaimah |
UAE Dubai RAKEZ Ras Al Khaimah has special licenses for freelancers |
Flexible payment options |
License renewal payments can be made annually or after three years. Interest-free installment options are also available for company setup and license renewals. |
All-inclusive |
You pay one amount for your UAE Dubai RAKEZ Ras Al Khaimah company, office space, and visa allocations. |
The Ras Al Khaimah Economic Zone or RAKEZ Ras Al Khaimah is a combination of two free zones: the UAE Dubai Rakez-RAK Free Zone Investment Authority. RAKEZ Ras Al Khaimah is located in the emirate of Ras Al Khaimah in the United Arab Emirates. It is also known that businesses in Ras Al Khaimah have flourished primarily due to the economic security and stability offered by the city. For this reason, UAE RAKEZ Ras Al Khaimah companies are a prime example of this. This is because UAE RAKEZ Ras Al Khaimah offers customisable company formation options. Furthermore, Ras Al Khaimah's ports, airport, and highways provide a “24-hour” connection, making it an ideal hub for any company.