RAKEZ Free Zone Business Setup Services
The Ras Al Khaimah Economic Zone (RAKEZ) was established to manage specialized clients of the Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA) under the RAKEZ, under the guidance of UAE Supreme Council Member Sheikh Saud bin Saqr Al Qasimi, is an investment platform that connects investors to developing markets in the Middle East, North Africa, Europe, and South and Central Asia.
Expert Business Setup Services in Rakez
Silver Oak Biz offers a one-stop solution for business registration and office space, ensuring a proper documentation and hassle-free setup process and allowing entrepreneurs to focus on running their businesses with confidence and reassurance.
Ras Al Khaimah Free Zone (RAK Free Zone) is a promising economic zone in the UAE offering comprehensive services and support for business growth. With visa flexibility and modern infrastructure, it supports SMEs, startups, solo entrepreneurs, professionals, and freelancers. With over 50 different industries, RAKEZ provides diverse business license options for companies to set up in the best business environment.
Different Types of Licenses in RAKEZ Free Zone
Ras Al Khaimah Free Zone offers various license types for businesses of all sizes, from small to large, with friendly rules that make starting your business journey easy at the Ras Al Khaimah Economic Zone.
Professional License
Commercial license
Industrial License
General Trading License
Education License
Ecommerce license
Media License
Service License
Tourism License
What is the RAKEZ Freelance Visa?
The RAKEZ Freelance Visa is a popular choice for UAE freelancers, allowing them to operate under their legal name in various fields such as technology, media, education, consultancy, and filmmaking. This visa will enable them to work while still having authorization from their employer or sponsor.
Freelancers enjoy complete business ownership, flexible pricing, modern business centres, client offices, and adjustable solutions, as per agreement.
- One of the unique aspects of the RAKEZ Freelance Visa is the ability to invoice through a personal bank account, eliminating the need for a separate business account. It simplifies the financial process for freelancers, allowing them to focus on their work. Geographical limitations are not imposed, and freelancers enjoy highly flexible scheduling.
- For those considering a long-term stay in the UAE, the RAKEZ Freelance Visa offers the possibility of extending UAE Resident visas. This flexibility is a crucial advantage for freelancers and businesses planning to establish a presence in the UAE. Freelancers can work full-time or part-time.
- One of the perks of the RAKEZ Freelance Visa is the absence of auditing obligations. You can focus on your work without the added stress of audits. So, a copy of the passport or a letter of authorization from the employer/sponsor is required for those with a residency visa and work permit.
- Passport copies of the client
- Passport-size photo of the client
Ras Al Khaimah, UAE’s top business destination, offers flexible opportunities for freelancer visas through the Ras Al Khaimah Economic Zone (RAKEZ). The RAKEZ connects investors to global markets, offering a two-year UAE visa and premium services for media and education professionals. Silver Oak Business setup can assist companies in setting up in Dubai.
The RAKEZ Freelance Visa stands out with its unique features. It offers shared workstations, convenient services, advanced IT infrastructure, expedited permit issuance, top-notch services in a one-stop-shop setting, and UAE Residence Visa eligibility.
These features make it a compelling choice for freelancers and businesses.
- All-in-one solution for your needs
- Affordable and cost-effective
- Flexible 1 and 2-year packages
- Access to state-of-the-art business centers
- Connect and collaborate with like-minded professionals
- Qualification for a UAE Residence Visa
Specific terms and conditions are required for Ras Al Khaimah.
Ras Al Khaimah requires specific terms and conditions for freelancers who work as employees and independent practitioners for a RAKEZ-approved company. They must use their real name for business and can obtain visa sponsorships for an additional fee. Freelancers are personally liable for debts and liabilities; only qualified freelancers can apply for specific opportunities.
Essential Documents for Ras Al Khaimah Freelance Visa
To apply for a Ras Al Khaimah Freelance Visa, provide a photocopy of your passport, a passport-size photograph, and a letter of authorization from your employer or sponsor.
Rakez Freelance Visa Costs
The Rakez Freelance Visa costs include the freelance permit and visa, covering the overall expenses.
- Freelance Permit (valid for one year): Starting from AED 12,500
- Freelance Permit (valid for two years): Starting from AED 18,500
FACILITIES
- Flexi Facilities
The facility offers shared furnished workstations, secretarial services, a one-stop shop, advanced IT/telecommunications infrastructure, and eligibility for UAE Residence Visa. - Warehouses
Warehouses are versatile and suitable for manufacturing, trading, assembly, and logistics. They offer 24/7 security, power connectivity, proximity to retail districts, staff accommodation, and easy access to manpower, making them eligible for a UAE Residence Visa. - Offices
Offices with customizable spaces are ideal for commercial, services, and consultancy businesses. They offer secretarial services, a one-stop shop facility, advanced IT/telecommunications infrastructure, and UAE Residence Visa eligibility. - Land for Development
Land for development offers diverse sizes ideal for manufacturing and projects. It has 24/7 security, utility supplies, proximity to hubs, staff accommodation, well-paved roads, and UAE.
Process Unsure about the way forward?
Scroll down to understand the steps to set up a RAKEZ company. We’ve simplified the process into three easy steps to guide you through the company formation process: Order a company formation package, Submit your application and necessary documents, and Receive your company registration and business license from RAKEZ.
Step 1
Order a company formation package by filling out a form on our website, providing details like company name, shareholders, and proposed activity.
Step 3
RAKEZ will register your company, grant a business license, and issue other incorporation documents.
Step 2
We will submit your application to RAKEZ and collect the necessary documents to apply for your company’s incorporation with RAKEZ.
Open a Business Bank Account
Rakez provides a hassle-free setup process for businesses in UAE to choose a business bank account.
Why Setup in RAKEZ Free Zone?
- 100% foreign ownership
- Simplified and fast-track Business Setup processes
- Cost-effective Business packages
- Secretarial and Business center services
- Dedicated Industrial Zones & Business Parks
- No physical office is required
- No physical presence is required
- Low Cost Business setup
- Accessibility via an international spread of regional offices
- No Paid-Up Share Capital Requirement
- Dedicated E-commerce Zone
- Prominent & Supportive Business Hub
- Wide-ranging business & industrial facilities
- Easy access to markets across MENA, Europe & Asia
- Company formation in 5-10 business days
- Minimal Paperwork
- 0% Income Tax & Withholding Tax
- UAE Investor Visa
- Easy to Open a Bank Account
Why Choose Silver Oak Biz to Setup Your Company in RAKEZ Free Zone?
- Registered Agents of Government Authorities
- 7+ Years in Business
- 5000+ Companies incorporated
- Dedicated Relationship Managers
- Extensive Support Services beyond Business Setup
- Annual Support Services Assistance
- VIP Services available
Frequently Asked Questions
RAKEZ Free Zone is a UAE-based business hub that offers entrepreneurs and companies diverse business setup options, licenses, and facilities.
RAKEZ Free Zone business setup costs vary based on license type, office space, and additional services. Silver Oak Biz Business Setup offers personalized quotes for transparency and cost-effectiveness.
Silver Oak Business Setup has a dedicated team that handles all necessary documentation and paperwork for business setup in the RAKEZ Free Zone, ensuring accurate and timely submission.
Bank accounts in the UAE require a personal visit to verify identity, but some banks allow remote account opening through digital applications or websites.
Banks typically offer debit and credit cards for newly opened companies, with credit cards issued against fixed deposits. Loan eligibility depends on company operations and profits, with applicants advised to apply after a year.
A free zone company's office should be within the registered free zone. Flexible office rentals in Dubai Business Centers are available, but the minimum required space must be maintained.
A Flexi desk is a mandatory requirement for companies with resident visas. It serves as the minimum physical office space.
VAT obligations for free zone companies depend on registration location and business activities. Tax becomes applicable when turnover reaches AED 375,000. If trading abroad, turnover is not taxable, but 5% VAT applies within the UAE.
The UAE is tax-free but has a 5% import and VAT tax on goods and transactions. A 9% corporate tax was introduced on June 1, 2023, but freezone companies can file a 0% corporate tax.
A free zone company offers advantages like 100% foreign ownership, resident visa eligibility, business conduct within and outside UAE, greater bank favorability, and flexi desk options, making it a cost-effective way to start a business without unnecessary obligations.
A company's renewal is typically cheaper than its initial setup, and the cost depends on the company package. An agent can do it, and it requires presenting the new license to the bank.
You can pay fees through various methods such as bank transfer, cash, or online using a card.
PRO Services in Ras al Khaimah
Our PRO Services, based in Ras al Khaimah, streamline business operations by handling governmental and administrative tasks like company registration, visa processing, and document attestation.
Mainland Business Setup in Ras al khaimah
Our PRO Services in Ras al Khaimah handle governmental and administrative tasks like company registration, visa processing, and document attestation, allowing businesses to focus on growth and streamline operations.
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