RAKEZ

RAKEZ — the Ras Al Khaimah Economic Zone — is a multi-sector free zone in Ras Al Khaimah formed in 2017 from the merger of RAK Free Trade Zone and RAK Investment Authority. It hosts 21,000+ companies across manufacturing, services, education, media, and trading. RAKEZ runs specialised cluster zones — RAKEZ Industrial Zone (heavy industry), RAKEZ Business Zone (commercial), RAKEZ Academic Zone (education), RAKEZ Media Zone — each tuned to its sector.

Member benefits: 100% foreign ownership, low setup costs, large industrial-land availability, and proximity to Saqr Port and Ras Al Khaimah Airport.

RAKEZ offers several license options to suit different business needs. Here's a general overview:

1. Mainland License: This is the most common type of license, allowing businesses to operate legally within the UAE mainland. It requires a minimum capital investment and adherence to local regulations.
2. Free Zone License: RAKEZ offers various free zone licenses, including trading, service, and manufacturing licenses. These licenses provide 100% foreign ownership and customs benefits.
3. Offshore License: This license is designed for holding companies and investment vehicles. It offers tax benefits and simplifies international transactions.

To obtain a license, businesses typically need to complete an application process, provide documentation, and pay the required fees. RAKEZ provides support throughout the licensing process, including assistance with documentation and regulatory compliance.

Many international companies have established operations in RAKEZ, including manufacturing facilities, trading companies, and service providers. Several startups have also chosen RAKEZ as a base for their businesses, benefiting from the free zone's supportive ecosystem. RAKEZ's location in Ras Al Khaimah provides access to a growing market and a skilled workforce. The free zone has attracted investments from various sectors, contributing to the emirate's economic diversification.

RAKEZ is the UAE's value-for-money free zone — particularly strong for manufacturing, education, and trading businesses that need affordable land or warehouse space alongside a license.