• RAK free zone is considered as one of the best places for business setup in Dubai freezone. This popularity rises due to the advanced infrastructure, and great connectivity.
• RAK freezone is best for companies that require a warehouse facility. You are allowed to have customizable warehouses and industrial plots for bigger projects.
• The RAK freezone is exempt from tax and has great connectivity with many seaports and airports all over the UAE.
• You can hold 100% ownership of your company with no restriction on currencies
• The RAK freezone is exempt from import and re-export duties.
• Companies can have an account in the local bank and carry out regular transactions flexibly.
• Business setup in the RAK freezone is very easy and quick that can be achieved at quite lower costs.

1. Commercial – You can trade goods and services with a commercial license.
2. Educational – It enables you to open an educational institution or a consultancy firm in the RAK free zone.
3. E-commerce – An E-commerce license permits you to sell items and services online.
4. General trading – You must apply for this license if you trade in a variety of items.
5. Individual – When you are a sole proprietor with a single activity or skill, an individual license is essential.
6. Industrial – This license is required if you manufacture, import, package, and ship items.
7. Media – This license is for the administration of media-related company operations.
8. Service – A service license is required for any company organization that provides services or consults in any field.
9. Freelance – This license would be required for freelance professionals in media, education, information technology, and analysis.

Another great benefit of the RAK economic zone is that it allows the investors to hold a dual license. This is great for those who are looking to invest in multiple products & services under one entity. What does it mean for your business? You can combine commercial and professional operations under one license and operate effortlessly throughout the UAE, both on the mainland and in free zones. Furthermore, RAKEZ developed this dual licensing arrangement in partnership with RAK DED.

The business park consists of all the world-class infrastructures for many big offices and is located in the heart of Ras Al Khaimah’s business district. 

The industrial park is located along the coastal road, approx 18 km from the city center of Ras Al Khaimah. It is home to several large-scale industrial plots and 2 warehouses for every business size.

The technology park is located to the south of the city center and offers great opportunities for light industries and automated manufacturing. 

As the name goes, the academic zone includes educational institutions that offer academic programs to the larger UAE communities. 

Here’s a list of steps to start a business in RAK free zone-

Begin with choosing your desired business activity, RAK free zone permits a wide range of business activities such as commercial, educational, e-commerce, media, etc.

Deciding on a business name is a critical step in  RAK Freezone Company Formation. However, you must adhere to the official criteria and procedures for naming your corporation.

This step comprises selecting all of your company’s requirements in the RAK free zone such as business license, and related facilities.

Applying for a business license is a simple process in the RAK free zone. You simply need to have your documentation ready before applying for the license based on your business niche.

After completing the license application, you must obtain a visa to continue with your business setting in the RAK free zone.

Having a business bank account is a vital step for any business and we suggest you get complete assistance on how to open a business bank in Dubai from Projectfrpjsc because we have a vast 15 years of experience in the business banking domain.

• A business plan 
• Passport copies for all shareholders
• Copies of visas for all shareholders
• NOC (if applicable)

When you are starting your business in RAKEZ, you need to apply for a business license. The legal licensing authorities that would issue the license are the Ras Al Khaimah Economic Zone (RAKEZ) and the Ras Al Khaimah Department of Economic Development (RAK DED).

Projectfrpjsc is the leading business setup consultant in the UAE who can assist you with a successful business setup in RAKEZ. Our team has all the necessary expertise and resources right from selecting the correct business license, paperwork, corporate banking services, and visa applications. We understand your business requirements and guide you throughout the process of your business establishment in the Emirates.