Ras Al Khaimah Economic Zone
RAKEZ or Ras Al Khaimah Economic Zone was the initiative guided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah and United Arab Emirates Supreme Council Member. RAKEZ was established with the motive to oversee and consolidate specialized zones and clients of both RAK Investment Authority (RAKIA) and Ras Al Khaimah Free Trade Zone (RAK FTZ). We are experts when it comes to RAK Free Zone company setup and can be counted on to lend our professional expertise to all matters involving company formation.
Business setup in Ras Al Khaimah Economic zone is a great achievement because it’s estimated to be one of the largest economic zones in the region. The zone covers around 33 million square meters of land and comprise of more than 13,000 companies. RAKEZ business zone is currently served by RAKIA and RAK FTZ from more than 100 countries and represent over 50 business sectors. Business setup in Ras Al Khaimah Economic zone is the continuation of RAKIA which established in 2005 and RAK FTZ established in 2000.
RAKEZ is divided into specialized zones
The above zones cater various sectors that include trading, services, consultancy, manufacturing, industrial projects, logistics, schools, universities, institutes, academic consultancy and other services.
Al Hamara is a suitable space for both light industries and heavy industry projects. It allows both free zone and non-free zone entities.
Al Ghail is a perfect choice for large-scale industrial manufacturing enterprises. It’s a preferable choice for free zone and non-free zone entities.
Al Hulaila is a home for heavier side of industrial manufacturing.
Structuring of Business Operations in the Free Zones and Non- Free Zones
The business operations of a company registered in RAKEZ free zone can be structured in either one of the following ways:
The business operations in a RAKEZ business Non-Free Zone can be structured in either one of the following ways:
A non-free zone operation requires a UAE national partner.
In case of a Free Zone Establishment (FZE) and Free Zone Limited Liability Company (FZ-LLC) the minimum capital requirement is AED 100,000). However, it is not mandatory to evidence the deposit of the capital amount.
If it’s a non-free zone company, it will have sufficient capital to achieve the purpose of incorporation and the capital has equal shares in value. In case of a proposal made by the minister in combination with the competent authorities, cabinet may issue decision that determines the minimum capital of the company.