What is RAKEZ
Based in the heart of Ras Al Khaimah and spread over 33 million m2 of rich, diverse economic landscape, RAKEZ is a full-fledged, customizable and pre-installed business environment for free zone company setup, non-free zone, and offshore businesses. Officially established in 2017, RAKEZ was established to oversee, consolidate and regulate all the responsibilities of RAKFTZ (RAK Free Trade Zone) and RAKIA (RAK Investment Authority) as one entity. RAKEZ has transformed the economic landscape of Ras Al Khaimah, merging the two entities that began two decades ago. As of today, it is home to over 13,000 multinational company setups from 100 countries covering about 50 independent industries. RAKEZ was also awarded the most cost effective economic zone by the fDi Global Free Zones of the year Awards in 2017.
RAK Free Zone Company Setup Advantages
As a growth enabler from small-time ventures to diversified and multi-sized businesses, RAKEZ has effectively nurtured and erected thousands of startups, SMEs and Large enterprises in its fold, helping build a prosperous presence for investment and international trading superiority. As a popular destination for global industrialist and manufacturing giants, Ras Al Khaimah Economic Zone has imbued consistent value generation for factories, warehouses, assembly plants, and other specialized production units from all around the world. Through its thriving economy and self-sustaining business structures, RAKEZ has grown into the ideal destination for businesses to collaborate, flourish and profit. From its inception to today, the 18-year journey has transformed RAK into an emirate with a GDP of approximately $10 billion.
5 Specific Zones for Particular Activities
Moreover, RAKEZ has distributed its authority into high-quality zones for specific activities. These zones extend special privileges to businesses belonging to a particular sector or industry such as Manufacturing, Trading, Services, and Education, etc.
Al Hulaila industrial zone caters to industrial sectors offering modern and top-tech equipped warehouses, freedom for a customized facility and onsite labor and staff accommodations construction. Logistical advantage allows connectivity to multi-lane superhighways, proximity with Saqr Port and commercial districts.
Rakez Business zone was created as a dedicated jurisdiction for startups and SMEs, ideal for commercial and services sector. To help low-budgeted ventures flourish, RAKEZ offers Flexi-desk options with serviced offices, pre-installed offices, tech support, security, internet access and meeting rooms.
To encourage businesses belonging to the education sector, RAKEZ has segregated Academic Zone for education providers. With professional assistance, specialized facilities, training institute structures and custom construction permits, Academic Zone offers 5 licenses for School/ ELC, Higher Education, Non-Academic Service Providers, Education/Support Consultancy, and Training.
To allow flexible company formation in UAE, Al Hamra industrial zone is popular for free zone as well as non-free zone incorporation. Densely connected with multi-lane highways, logistical hubs, accessibility to Dubai and RAK airports with power, water and gas provisions, Al Hamra makes a valued proposition for international trading companies. Investors can easily purchase real estate and rent warehouses in any location.
When it comes to manufacturing, assembling and specialized productions zones, AL Ghail is known as the industrial heartland of UAE. Al Ghail allows exclusive incentives to large-scale projects, affordable land space, 24/7 power, gas, and water facilities, accessibility to RAK, Dubai and Sharjah ports, fast-track visa services for labor and onsite accommodation construction permits.
RAKEZ Enjoys a unique and strategic cost advantage over many similar zones in middle east and across the world
Setup Timeline Advantages
How Can IBG help?
IBG consulting is a one-stop shop for RAK business registration, fast-track visa processing, licensing, insurance, real estate approvals, office space, and immigration, so your business remains equipped every step of the way.
We will assist you with the company formation in Ras Al Khaimah Economic Zone or any other zone in UAE. We provide consultation and support you need to successfully enter, register, approve and conduct business in the UAE with top facilities, exclusive privileges, and expert counsel to grow your business parameters globally
Our dedicated consultants will provide specialized support for opening personal, corporate bank accounts, securing residence visa, obtaining attestations of legal documents according to your specific requirements. Get in touch with us today or visit our website ibgme.ae to find out more about Ras Al Khaimah Economic Zone.