Business Setup Rakez Free Zone
Business Setup RAKEZ Free Zone
Benefits of Business Setup RAKEZ Free Zone
- The zone still offers the business setup in more than 4000 business activities.
- Company formation in Rakez is affordable and cost-effective.
- In Rakez both free zone and non free zone company incorporation is available.
- Establish the company from anywhere in the world.
- Less documentation is required.
- One zone with multiple business activities in academic, industrial and business sectors.
- Special licenses for freelancers and women entrepreneurs.
- Rakez offers the 100% repatriation of the capital and profits.
- Options available for flexi-desk, flexi office and dedicated offices as well.
- All the government offices are available within the Rakez premises.
- Rakez investor visa grants ease of travel to other gulf countries.
Steps of Business Registration in RAKEZ Free Zone
Order the Package
Application to RAKEZ
Application sent to Rakez with three proposed names of the company. All the required documents are sent along with these documents.
Get all the Incorporation Documents
As the company gets registered the documents are produced by the Rakez and forwarded to all the shareholders of the company.
Apply for Visa
Once the business registration in Rakez free zone is done, the investors can apply for a visa to come to the UAE. After coming to the UAE they can take over their business effectively. This is an optional feature and if you do not want to get the UAE visa then you can opt for all the business functions from your home country.
Open up the Bank Account
After the approval of the company the bank account in an accredited bank is mandatory to run the business effectively and efficiently.
Types of Companies in RAKEZ
There are two main types of companies in Rakez which further divide into four categories. It all depends upon the legal limitations.
1. Rakez Free Zone Company
Free Zone Limited Liability Company (FZ-LLC)
A free zone limited liability company is a company that is only registered in the Rakez and it can have 1 to 50 shareholders. The company will have no custom tax, income tax or corporate tax. The company can access the local market in Ras Al Khaimah.
2. Rakez Non Free Zone Company
Individual Establishment/Sole Proprietorship
It only needs one member to operate the company. There is zero corporate and income tax. Also there is zero custom duty in the UAE and other gcc countries. The company can directly sell to the local market of UAE.
Limited Liability Company (LLC)
It needs 2 to 50 shareholders to establish this type of the company. These companies enjoy the same benefits as the sole proprietors get in the UAE.
Branch of Company
Already established companies inside or outside the UAE can open branches in the Rakez. The branches of the company enjoy the same benefits as the LLC and Sole Proprietary companies get the benefits.