Hygeia Building, Rear Ground Floor, 66-68 College Road, Harrow, Middlesex, HA1 1BE, UNITED KINGDOM
RAKEZ Freezone - Company Formation in Ras Al Khaimah
Ras Al Khaimah Economic Zone (RAKEZ), is the quickly developing free and competitive commercial area situated in Ras Al Khaimah. It provides business elites and investors with a favorable geographical environment for starting a business, viable business models, and relatively low costs of establishing companies. Whether you are starting your own business, or you are well established, RAKEZ offers the right ambiance to support your business.
Features of Setting Up a Business in RAKEZ Freezone
RAKEZ Freezone offers several attractive features that make it an ideal location for business setup:
Company Formation in 5-10 Business Days
Jump start your business by setting up your company without unnecessary hitches through a company formation process that takes between 5-10 working days.
Easy to Open a Bank Account
RAKEZ simplifies the process of opening a corporate bank account, offering support to ensure a smooth and quick setup.
Minimal Paperwork
The free zone has simple procedures to complete the application of free zone with less formal documentation that facilitates the business environment of the area.
100% Foreign Ownership
Entrepreneurs can enjoy full control of their business, with no need for a local sponsor or partner.
UAE Investor Visa
It means that entrepreneurs could enjoy full control over their companies and activities; they do not necessarily need a local sponsor or partner.
0% Income Tax & Withholding Tax
RAKEZ provides complete exempt from taxes with no personal and corporate income taxes and no withholding taxes which make it incredibly ideal for all types of business.
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Types of Licenses Available in RAKEZ Freezone
RAKEZ offers various types of business licenses tailored to different industries and activities:
Industrial License
- Suitable for creating production, construction, and other industries.
Commercial License
- Suitable for companies involved in trading, general business, and retail activities.
Service License
- Meant for organizations such as consulting firms, marketers, or IT firms that provide their client’s professional services.
Freelancer Permit
- Perfect for solo entrepreneurs and freelancers looking to work independently.
Documents Required to Set Up a Business in RAKEZ Free Zone
- Passport Copy (Valid for at least 6 months)
- Visa Page Copy (if applicable)
- Emirates ID (if applicable)
- Passport-sized Photos
- Personal Information Sheet or Application Form
- 3 Name Choices
Steps to Register Your Business in RAKEZ Freezone
Setting up a business in RAKEZ Freezone is a straightforward process. Follow these steps for a seamless company formation experience:
Step 2: Select a License Type
From the different types of license available, select for yourself the license that best suits your business requirements.
Step 3: Submit Application with Required Documents
Provide the necessary documents, including passport copies, business plan, and proof of address.
Step 4: Receive License and Establishment Card
Once your application is approved, you will receive your business license and establishment card.
Step 5: Open a Corporate Bank Account
Avyanco UK can assist you with opening a corporate bank account to manage your business finances.
Why Choose Avyanco UK for RAKEZ Freezone Company Formation?
At Avyanco UK, we ensure you to facilitate you to make your business setup process in RAKEZ Freezone very much easy. Here’s why you should partner with us:
- Expert Guidance: Our team of business consultants has in-depth knowledge of the RAKEZ Freezone regulations and can guide you through every step of the process.
- Tailored Solutions: As a business we provide solutions that meet your needs and this means that you get the best value for your money.
- End-to-End Support: From collection of your documents to getting all the necessary clearances, Avyanco UK helps the business venture at every step.
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Hygeia Building, Rear Ground Floor, 66-68 College Road, Harrow, Middlesex, HA1 1BE, UNITED KINGDOM
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Business Setup in IFZA Free Zone FAQ
Can I open a corporate bank account in RAKEZ Freezone?
Indeed, it is easy to open a corporate bank account in RAKEZ Freezone and this is backed by the free zone to make it easy for the business. Avyanco UK can also help you with the documentation and with the submission of the necessary documents.
Is 100% foreign ownership allowed in RAKEZ Freezone?
Yes, RAKEZ Freezone offer a option for having 100% foreign ownership, this means you do not require a local partner. This means that you and your business can have full control over every operation.
What are the tax benefits of setting up a company in RAKEZ Freezone?
RAKEZ Freezone provides 0% personal and corporate income taxation and 0% withholding tax is applicable. This makes it an ideal place of doing businesses as it will be cheaper to pay less taxes as required by the law.
Can I apply for a UAE Investor Visa through RAKEZ Freezone?
Indeed, based on our RAKEZ Freezone packages, investors and business owners and their families can relocate and conduct business in the UAE through Investor Visas.