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Business Setup in RAKEZ – Ras Al Khaimah Economic Zone

Ras Al Khaimah Economic Zone - RAKEZ

Ras Al Khaimah Economic Zone (RAKEZ)

Situated within the vibrant economic landscape of the United Arab Emirates (UAE), the Ras Al Khaimah Economic Zone (RAKEZ) stands as a testament to innovation and progress. Formed from the merger of the esteemed Ras Al Khaimah Investment Authority (RAKIA) and the distinguished Ras Al Khaimah Free Trade Zone (RAK FTZ) in 2017, RAKEZ swiftly rose to prominence as a pivotal hub for global business ventures.

With a heritage dating back to its predecessor, RAK FTZ, recognized as the second oldest free trade zone in the UAE, RAKEZ inherits a rich legacy of fostering economic growth and facilitating trade. Notably, the manufacturing sector in Ras Al Khaimah contributes a substantial 26 percent to the UAE’s GDP, highlighting the region’s significance as an industrial powerhouse.

RAKEZ caters to a diverse range of businesses, boasting a thriving community of over 15,000 companies spanning across more than 50 sectors. Among these are 6,500 manufacturing companies, which have found a home within RAKEZ‘s leased or owned premises, capitalizing on its strategic location and competitive operational costs.

Comprising six distinct business and industrial zones, RAKEZ offers a comprehensive range of solutions tailored to meet the diverse needs of businesses. Most notably, these zones provide both free zone and non-free zone options, enabling companies to choose the most suitable setup for their operations. Additionally, operating costs within RAKEZ zones are significantly lower, ranging from 35 to 50 percent compared to other regions in the UAE, further enhancing its appeal to investors.

RAKEZ is the only economic zone permitting the production of alcoholic beverages, free to be supplied to local customers in the UAE and to be exported.

Supported by the world-class infrastructure of Ras Al Khaimah Port, the largest bulk handling port in the Middle East, and Ras Al Khaimah International Airport, with direct connections to key global destinations, as Turkey, Russia, Kazakhstan, Pakistan, India, the GCC countries and Egypt, RAKEZ offers unparalleled connectivity and logistical advantages to businesses operating within its premises.

In addition to the industrial premises, RAKEZ provides a wide solution of offices, from flexi-desks to individual offices as well as entire office floors to meet demands of evolving businesses in today’s dynamic market place.

Furthermore, the regulatory framework within RAKEZ is conducive to business growth, with a minimum share capital requirement of AED 1,000 for free zone companies. While banking and financial services are not provided within the zone, businesses can easily access these services through external channels. 

Reach out to us today for detailed expertise on this vast industrial and commercial free zone in Ras Al Khaimah. 

Benefits of Ras Al Khaimah Economic Zone - RAKEZ

RAKEZ Free Zone in Ras Al Khaimah
RAKEZ Free Zone in Ras Al Khaimah

Business Activities in RAKEZ - Ras Al Khaimah Economic Zone

RAKEZ offers a very wide range of business activities, mainly in the following areas:
(FZ = free zone, NFZ = non-free zone)

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We are trusted partner of RAKEZ. If you are planning to incorporate your company in the RAKEZ, our team of experts at viiCON will be happy to provide you with more information.

We will be taking care of your company’s registration, will make sure that you get the office or other facilities that you need, and care for your visa, licensing and tax set-up, in accordance with the applicable laws to ensure a smooth start for you and your business in RAKEZ.

Feel free to contact us today.