Which free zones are located in Ras Al Khaimah?
The main free zone in Ras Al Khaimah is RAKEZ (Ras Al Khaimah Economic Zone), which unites several industrial and business parks under one umbrella. It caters to manufacturing, logistics, trading, education, and SMEs. RAKEZ offers industrial lands, warehouses, and office facilities, making it one of the UAE’s leading hubs for industrial and export-focused businesses.
How much does it cost to setup a company in RAKEZ?
RAKEZ is one of the most cost-effective zones for industrial and trading companies. Basic packages for small offices and SMEs start around AED 11,000–14,000, while industrial licenses with warehouses or large facilities can go upwards of AED 25,000–40,000. Compared to Dubai, setup costs are significantly lower, which attracts budget-conscious entrepreneurs and manufacturers.
Which banks open accounts for Ras Al Khaimah companies?
RAKEZ companies are accepted by major UAE banks such as RAKBANK (headquartered in Ras Al Khaimah), Emirates NBD, Mashreq, FAB, and international institutions like HSBC. Since RAKEZ is a government-backed zone with global recognition, banking approvals are generally straightforward, provided that proper documentation and business activity justification are presented.
How fast can I get a license in RAKEZ?
RAKEZ typically issues commercial and professional licenses within 3–5 business days. Industrial licenses that involve warehouse space, factories, or heavy operations may take 2–3 weeks due to additional safety and compliance checks. For trading or consultancy companies, the process is smooth and can be completed quickly with digital applications.
Do Ras Al Khaimah Free Zones support e-commerce and startups?
Yes. RAKEZ has specific packages for e-commerce, consulting, and professional services. Many startups choose RAKEZ for its low costs, flexibility, and access to both UAE and international clients. E-commerce licenses are among the most affordable in the UAE, making it easier for entrepreneurs to launch online stores or digital services.
Are freelancers allowed to operate in RAKEZ?
Yes. RAKEZ offers freelance permits for professionals in fields like media, education, consultancy, and IT. These permits allow individuals to legally invoice clients, obtain residency visas, and benefit from the same advantages as larger companies, including access to coworking spaces and support services.
What visa packages are available in RAKEZ?
Visa packages in RAKEZ depend on office type. Flexi-desk and small offices typically include 1–2 visas, while larger offices and warehouses can sponsor more employees. RAKEZ also offers family visa sponsorship, making it suitable for both entrepreneurs and their teams. Processing usually takes 7–10 working days.
Which industries thrive in Ras Al Khaimah Free Zones?
RAKEZ is best known for manufacturing, logistics, education, and consultancy. Heavy industries such as construction materials, metal works, and plastics thrive due to RAKEZ’s low operating costs and port access. In addition, professional services, IT firms, and small consultancies benefit from cost-effective licenses and international credibility.
What tax and financial benefits are offered in RAKEZ?
RAKEZ companies enjoy 0% corporate tax on qualifying activities, no personal income tax, full foreign ownership, and 100% repatriation of profits. Customs duty exemptions on imports and re-exports make it particularly attractive for manufacturers and exporters. These advantages make RAKEZ one of the most competitive free zones for cost-sensitive businesses.
Why choose Ras Al Khaimah over Dubai or Sharjah?
RAKEZ offers lower costs compared to Dubai or Sharjah, making it ideal for budget-conscious startups and manufacturers. While Dubai provides global prestige and Sharjah offers creative hubs, RAKEZ specializes in industrial and trading businesses with excellent port access and logistics facilities. It’s an ideal choice for companies seeking affordability with solid infrastructure.
