RAKEZ Free Zone Company Formation in UAE
The Ras Al Khaimah Economic Zone (RAKEZ) is a thriving commercial and industrial center. It is a business licensing organization that provides flexible options for non-free zone and free zone firms in a global community that thrives in more than 50 industries for UAE company formation.
RAKEZ, established by the Ras Al Khaimah government, is one of the biggest economic zones in the area, assisting industrialists, SMEs, startups, and startups with their business formation procedures and needs.
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RAKEZ Free Zone Company Formation in UAE
The Ras Al Khaimah Economic Zone (RAKEZ) is a thriving commercial and industrial center. It is a business licensing organization that provides flexible options for non-free zone and free zone firms in a global community that thrives in more than 50 industries for UAE company formation.
RAKEZ, established by the Ras Al Khaimah government, is one of the biggest economic zones in the area, assisting industrialists, SMEs, startups, and startups with their business formation procedures and needs.
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Why choose BCL for incorporating your entity in RAKEZ Freezone?
We offer you unmatched service for incorporation because we are a recognized channel partner with RAKEZ. To make sure you pick the best free zone and set up your business in a way that satisfies your unique needs and goals, we undertake research and offer you expert assistance. We make sure the process is hassle-free and give you the most recent information available.
How RAKEZ is beneficial for entities looking to set up their base in UAE?
Quick & Easy Incorporation
It is simple and very easy to incorporate a entity in RAKEZ.
Very Cost effective for 1 Activity with 1 Shareholder
For those who have one activity and one shareholder, RAKEZ offers the lowest pricing for business formation in the entire United Arab Emirates. Just AED 13,500 will do!
Discounted pricing packages
RAKEZ offers a variety of yearly packages ranging from 2 to 5 years, therefore paying the annual license price only once for a period of 3 years will result in a discount of up to 33% on the total cost.
Discounted pricing packages
Shareholders must be present in person during the setup procedure.
NO physical office
Opening a banking account and the company setup process don’t require a physical office.
Paid Up Share Capital
You must own at least 300,000 AED worth of Share capital amount in MOA. However, depositing this sum in the business’s bank account is not necessary. Without having to invest a lot of money, you may easily launch your business. Start how you wish to, then develop as you require.
Flexibility to open offices in mainland
The Corporate office should always be at RAKEZ premises only
Very Cost effective for 1 Activity with 1 Shareholder
For those who have one activity and one shareholder, RAKEZ offers the lowest pricing for business formation in the entire United Arab Emirates.
NO Physical Presence
Shareholders DO NOT need to be present physically during the setup process.
Zero Paid Up Share Capital
Easily start your business without laying down large sums of money. Start how you want and grow as you need.
Lower Corporate Tax
Corporate Tax is at 9% applicable on Profits exceeding AED 375k.
RAKEZ Cost
No Visa
AED 7,050/- only
License fees
AED 6,000
Security Check (To Avoid Rejection)
AED 1,050
1 Visa
AED 17,550/- only
License fees
AED 16,500
Security Check (To Avoid Rejection)
AED 1,050
2 Visa
AED 21,550/- only
License Fees
AED 20,500
Security Check (To Avoid Rejection)
AED 1,050
Important Note
a. The quoted fees are when the shareholders are individuals. The fees shall be different in case of Corporate Shareholders (i.e. Holding-Subsidiary Company).
b. Additional charges shall be applicable in case you need Fast-Track processing of VISA.
Particulars
1 License
1 Activity
1 Shareholder
1 License
2 Activities
1 Shareholder
2 Licenses
2 Activities
1 Shareholder
1 Licenses
2 Activities
2 Shareholders
2 Licenses
2 Activities
2 Shareholders
License Fee + Pre-approval fee
Immigration / Establishment card
Co-working lease fee
& E-channel
13,500
16,500
16,500
20,000
20,000
Extra License
-
-
5,000
-
5,000
Visa stamping + Medical + Emirates ID
2,500
2,500
2,500
5,000
5,000
BCL’s Service Fees
2499
2499
2499
2499
2499
Total Company Setup Cost
18,499
21,499
26,499
27,499
32,499
License cost Paid for 2 years together
-
28,050
-
34,000
-
Visa stamping + Medical + Emirates ID
-
2,500
-
5,000
-
-
2499
-
2499
-
Total Company Setup Cost
-
33,049
-
41,499
-
Discount%
-
29%
-
27%
-
License cost Paid for 3 years together
26,605
39,600
-
48,000
-
Visa stamping + Medical + Emirates ID
2,500
2,500
-
5,000
-
2499
2499
-
2499
-
32,604
44,599
-
55,499
-
Discount%
26%
39%
-
36%
-
Timelines for RAKEZ
Physical Presence Required only for VISA processing
Confirmation on Type of License & Number of Visa
Collection of Documents and Payments
Preparation of Documents & Signature
Submission of Documents
Name Approval
License Issuance
Establishment Card Issuance
E Channel Registration
Visa Application
Stamped Visa & Emirates ID
Documentation
Individual Investor/Partner, Director and Manager
With UAE Residence Visa
- Clear scanned passport copy – 6 months validity
- Clear scanned visa page
- Address of the shareholder
- UAE Entry stamp
- Clear scanned Emirates ID
- Passport size photo for all shareholders
Without UAE Residence Visa
- Clear scanned passport copy – 6 months validity
- Entry Stamp copy
- Tourist/Visit Visa Copy
- Passport size photograph
Corporate Shareholder
- Attested by UAE embassy in the home country and MOFA in the Emirates Board resolution appointing director/ manager / Legal Representative
- Attested by UAE embassy in the home country and MOFA in the Emirates License, MOA, Incumbency, Share Certificate etc. of the shareholding company.
- Passport copy of the UBO’s.
- Passport copy of the Manager.
- Visa page of Manager (if UAE resident)
- Address of the authorized signatory
- Passport size photo for the authorized signatory
