Starting a Business in RAKEZ: What You Need to Know

Osama Bin Ashraf

Business Setup Advisor

22 June 2023

Ras Al Khaimah, often abbreviated as RAK, is one of the seven emirates that comprise the United Arab Emirates (UAE). Located in the northern part of the country, Ras Al Khaimah is known for its stunning landscapes, including scenic mountains, golden sandy beaches, and the crystal-clear waters of the Arabian Gulf.

Ras Al Khaimah (RAK) is quickly becoming a popular destination for entrepreneurs from around the globe. Gaining a reputation as one of the most progressive emirates in the UAE, RAK offers opportunities for businesses to reach new heights. From start-up-friendly regulations to competitive taxation incentives, there are plenty of reasons why those looking to build their businesses should invest in RAK.

What is RAKEZ?

In 2017, The Ras Al Khaimah government established the Ras Al Khaimah Economic Zone (RAKEZ) to oversee and manage its key free zones, namely the Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). The governing bodies and management teams of both free zones merged, with Sheikh Ahmed bin Saqr Al Qasimi serving as the chairman and Ramy Jallad as the group CEO, leading the unified entity. RAKEZ, a comprehensive business hub, offers a diverse array of benefits and incentives, making it even more appealing for businesses seeking to establish a presence in Ras Al Khaimah.

Being a global hub catering to a number of businesses, RAKEZ offers reliable support – from visa facilitation through licensing options which are designed to provide customized solutions, technical support, and exceptional facilities to all kinds of entrepreneurs.

As a comprehensive business hub, RAKEZ has made its mark on investors across the globe. With over 50 different industries represented within this multinational Free Zone, RAKEZ offers many attractive prospects for startups, SMEs, and big industry players.

How can EZONE help you?

Kickstart your business journey at RAKEZ. Let our business setup consultants make it easy for you to set up your enterprise with no hassle or stress. With RAKEZ offering vast opportunities for entrepreneurs around the globe – now is the perfect time to explore and reap its rewards. Discover the benefits of this cutting-edge economic zone and jumpstart your business at RAKEZ by getting in touch with us at 800-EZONEUAE or setup@dubaibusinesslicense.com today. Our team is ready to assist you with all that you need.