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RAKEZ free zone company setup: license from AED 6,000 a year

RAKEZ, the economic zone of Ras Al Khaimah, licenses a company from AED 6,000 a year and one with a visa from AED 12,000. We arrange it remotely, from $7,000 with the license.

RAKEZ Ras Al Khaimah

  • AED 6,000 Basic license a year: 1 activity, no visa
  • 1–5 Working days to the license
  • 4 Visas in the All-Inclusive package, at most
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Package chosen Your Company FZ-LLC

RAKEZ, the Ras Al Khaimah free zone: what it is and who owns it

2017The economic zone of Ras Al Khaimah

RAKEZ is the Ras Al Khaimah Economic Zone. It was established in 2017, when two of the emirate's free zones were brought under one authority, and it belongs to the Government of Ras Al Khaimah. More than 50,000 companies from over 100 countries are registered with it.

100%A free zone and a mainland authority

RAKEZ is a free zone and a mainland licensing authority in one. A free-zone company here is 100% foreign-owned, pays no customs duty inside the zone and follows the RAKEZ Companies Regulations. The same authority licenses non-free zone companies as well, which trade on the Ras Al Khaimah mainland under the federal companies law.

6 sitesBeside Saqr Port and the airport

The zone has 6 sites. Al Nakheel and Al Hamra are business zones with offices. Al Hamra, Al Ghail and Al Hulaila are industrial zones, and the sixth is the academic zone. RAKEZ stands beside Saqr Port, the largest bulk-handling port in the Middle East, and RAK International Airport, about an hour from Dubai.

RAKEZ publishes three packages: AED 6,000 a year with no visa, AED 12,000 with one visa and AED 14,000 with up to four.

RAKEZ compared with Shams, Ajman Free Zone and IFZA

ComparedRAKEZShamsAjman Free ZoneIFZA
EmirateRas Al KhaimahSharjahAjmanDubai
Entry license a yearAED 6,000AED 5,760AED 5,555about AED 12,500
With one visa, a yearAED 12,000AED 11,760 to 14,760from AED 14,000about AED 14,900
Warehouses and landThree industrial zonesNoneWarehouses at Ajman portNone
License in1 to 5 working days1 to 3 working days1 to 2 working days5 to 7 working days

Shams free zone company setup Ajman Free Zone company formation IFZA free zone company setup

RAKEZ license packages side by side

PackageBasicLiteAll-Inclusive
Fee a yearAED 6,000AED 12,000AED 14,000
Activities1Up to 510, mixed across license types
Shareholders1Up to 5Up to 50
Residence visasNone11, and up to 3 more at AED 4,000 each
WorkspaceCo-working accessCo-working accessCompass Coworking Centre, unlimited access
Taken byHolding companies and first licensesA founder who wants the visaA team of up to four

What a RAKEZ company costs

Our price for RAKEZ business setup is before VAT. The dirham rows come from RAKEZ's own pages.

Free-zone company and license through us

from $7,000Get a quote
Basic package, a year
AED 6,000
Lite package with 1 visa, a year
AED 12,000
All-Inclusive package with 1 visa, a year
AED 14,000
Each further visa in All-Inclusive, up to 3
AED 4,000
Premium upgrade: bank help, tax registration, VIP visa
AED 2,500
E-channel immigration system, yearly renewal
AED 1,200
Accounting, a month
from $350

All prices for a company in the UAE

RAKEZ zones, offices, warehouses and land

Al Nakheel and Al Hamra business zones hold shared and private offices. The Compass Coworking Centre serves freelancers and startups.

Who RAKEZ suits, and when another registry fits better

Consultants and freelancers
A service or freelancer license costs AED 6,000 a year with no visa and AED 12,000 with one.
Traders and re-exporters
Goods arrive through Saqr Port free of duty, wait in a RAKEZ warehouse and leave again. Duty of 5% falls due on goods that enter the UAE mainland.
Manufacturers
The industrial license, the plot or ready warehouse and the labour accommodation come from one authority. Manufacturing and processing are qualifying activities for the 0% tax rate.
A Dubai address for your clients
Where the city on the license matters, Meydan Free Zone and IFZA license a company in Dubai for about AED 12,500 a year. The four are set side by side in IFZA, RAKEZ, Shams or Meydan compared.
A media or one-person license
Shams in Sharjah starts at AED 5,760 a year and puts 5 activities on its entry license, against 1 on RAKEZ Basic.
Holding shares and nothing else
RAK ICC, the offshore registry of the same emirate, incorporates a holding company for AED 3,250 and renews it for AED 3,950 a year, with no office.

Rules and tax for a RAKEZ free-zone company

A free-zone company in RAKEZ is an FZ-LLC or a branch of an existing company, under rules that RAKEZ publishes.

RuleWhat RAKEZ sets
Shareholders1 to 50 in an FZ-LLC
Share capitalAED 10,000 at least, in shares of AED 1,000, and AED 150,000 for industrial activities
License term1 year, or 3 years at once
Activities on a standard licenseCommercial: 5 from one group or 2 from different groups. Services: 2. Industrial: 2 from one group
Desk and visasA flexi-desk carries 1 visa, and the office or warehouse sets any more
Immigration systemA company with an immigration file registers in the e-channel system: AED 2,200 once and a refundable deposit of AED 5,050
AccountsAudited every financial year and submitted within 6 months of its end
Sales outside the zoneThrough a distributor, an agent or the parent company

0%Tax on qualifying income

On tax, RAKEZ states that its free-zone companies pay 0% on qualifying income once they meet the conditions of a Qualifying Free Zone Person (QFZP). The conditions include staff, assets and spending in the zone that match the business. Logistics and the holding of shares are qualifying activities too. Other income is taxed at 9%.

VAT registration in the UAE is due from AED 375,000 of turnover, at 5%.

RAKEZ business setup, step by step

  1. 1–2 working days

    Package, activities, zone

    You list what the company will sell and how many visas it needs. We pick the package or a standard license, the zone for its premises, and reserve the name.

  2. then

    Online application

    We complete RAKEZ's digital application with your passports and address proof, and you sign electronically.

  3. 1–5 working days

    License

    RAKEZ issues the license with the memorandum and the share certificate. A Basic license arrives within minutes of the application.

  4. 1–2 weeks

    Immigration card and visas

    The establishment card takes 3 to 5 days and each visa 5 to 8: entry permit, medical test, Emirates ID.

  5. usually 2–4 weeks

    Bank and tax

    We file the application for a business bank account in the UAE with the license, the memorandum, the ownership chart and the lease, and obtain the corporate tax registration.

  6. yearly

    Every year after

    We renew the license without your presence, keep the books and send the audited accounts to RAKEZ within 6 months of the year end.

Documents RAKEZ asks for

Documents

Each shareholder and director

  • Passport copy
  • Passport-size photo
  • Utility bill or bank statement, 3 months old at most
  • UAE visa page, if resident
  • A few lines on the business

A corporate shareholder

  • Certificate of incorporation or license
  • Memorandum and articles
  • Certificate of incumbency or good standing
  • Resolution appointing the general manager
  • Passports of the beneficial owners (UBO)

You send them in your account. We check each document the day it arrives and tell you what is missing.

See the platform

Questions about RAKEZ free zone company setup

Is RAKEZ a free zone?

Yes. RAKEZ, the Ras Al Khaimah Economic Zone, runs the free zone of the emirate, where foreigners own their companies 100%. It also licenses non-free zone companies for the Ras Al Khaimah mainland, which is why it is called an economic zone.

Is RAKEZ a qualifying free zone?

RAKEZ states that its free-zone companies pay 0% corporate tax on qualifying income when they meet the conditions of a Qualifying Free Zone Person, and 9% on other income. It also has a designated zone recognised by the Cabinet and the Federal Tax Authority, where the distribution of goods qualifies. The conditions one by one are in what a Qualifying Free Zone Person is.

Who is the owner of RAKEZ?

The Government of Ras Al Khaimah. The authority was formed in 2017 and is led by Sheikh Mohammed bin Humaid Al Qasimi as managing director and Ramy Jallad as group chief executive.

How much does a RAKEZ license cost?

AED 6,000 a year for the Basic package, AED 12,000 for Lite with one visa and AED 14,000 for All-Inclusive. A warehouse or a plot is priced by its size in your quote.

Can I add activities or visas to a RAKEZ license later?

Yes. RAKEZ adds an activity by a paid amendment of the license, which is why we put every line of your revenue on it at the start. The visa quota follows the package: none in Basic, 1 in Lite, 1 in All-Inclusive with up to 3 more at AED 4,000 each. Beyond 4 the office or warehouse sets the number.

Can a RAKEZ company trade on the UAE mainland?

It trades abroad and with other free zones from its license. On the mainland it sells through a distributor or an agent, and our page on free zones in the UAE sets out the other routes to mainland customers.

Do I have to live in the UAE to keep a RAKEZ company?

No. The license is arranged and renewed remotely, and a company on the Basic package carries no visa at all. A residence visa is nullified after more than 180 days in a row outside the UAE. The UAE Government portal lists investors with a valid residence visa among the exemptions, and staff and family keep to the 180 days.

Does RAKEZ suit a crypto or fintech business?

RAKEZ licenses software and technology companies, and a RAKEZ company can hold a fintech group. A crypto exchange or a custodian needs a regulator's license, which RAKEZ does not issue: VARA's in Dubai, the FSRA's in ADGM.

Ask your own question

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AED 12,500 Meydan's license fee a year, desk included

RAK ICC offshore company

AED 3,250 Registry fee to incorporate, first year

SAIF Zone

In your quote Company with its license

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from AED 5,750 Free-zone license a year

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Compare the free zones

Cost, visas and office, side by side
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