RAK Free Zone Company Formation
RAK Free Zone Company Formation (RAKEZ) Main Characteristics and the basic rules of Company registration in RAKEZ - Emirates
BRIS Group provides professional RAK Free Zone company formation services for entrepreneurs and international investors seeking a strategic offshore jurisdiction in the United Arab Emirates. Establishing a RAK Free Zone Company offers 100% foreign ownership, limited liability protection, tax efficiency, and access to global markets. Our experts manage the full RAK Free Zone company registration process remotely, including corporate banking support, compliance, and ongoing administration, ensuring your business is fully compliant and ready for international operations.
Start your RAK FZ company with BRIS Group today — trusted experts in global incorporation.
RAKEZ Free Zone Company Formation: Your Strategic Gateway to Global Business in the UAE
The Ras Al Khaimah Economic Zone (RAKEZ) is one of the UAE’s fastest-growing and most cost-effective free zones, designed to attract investors, entrepreneurs, and international corporations. Known for its strategic location, competitive pricing, and business-friendly environment, RAKEZ Free Zone Company Formation offers investors the flexibility to operate across diverse industries while enjoying 100% ownership and a tax-efficient framework.
This guide explores everything you need to know about RAKEZ Free Zone Company Formation, including benefits, setup requirements, procedures, and tax incentives.
Why Choose RAKEZ Free Zone Company Formation?
RAKEZ combines world-class infrastructure with a simplified incorporation process, enabling businesses of all sizes to launch quickly and operate efficiently. Whether you’re starting a startup, SME, or global enterprise, RAKEZ provides an ideal base to grow your business regionally and globally.
Key Advantages of RAKEZ Free Zone Company Formation
- 100% Foreign Ownership – Full control of your business with no local sponsor required.
- 0% Corporate and Personal Income Tax – Enjoy complete tax exemption within the free zone.
- 100% Repatriation of Capital and Profits – Freely transfer profits abroad.
- Strategic Location – Access key markets in the Middle East, Asia, Africa, and Europe.
- Simplified Setup Process – Fast-track business licensing and registration.
- Wide Range of Business Activities – Over 50 categories including trading, services, industrial, and consultancy.
- Modern Infrastructure – Access to warehouses, offices, and land for industrial projects.
- No Currency Restrictions – Conduct business in any major currency.
- Visa Eligibility – Obtain UAE residence visas for investors and employees.
Types of Companies in RAKEZ Free Zone
RAKEZ offers multiple company structures suitable for different business models and ownership setups.
| Company Type | Description |
|---|---|
| Free Zone Establishment (FZE) | A single-shareholder company with limited liability. |
| Free Zone Company (FZC) | A multi-shareholder entity (2–50 shareholders). |
| Branch of a Local or Foreign Company | Allows existing UAE or international companies to establish a branch within RAKEZ. |
Requirements for RAKEZ Free Zone Company Formation
To form a company in RAKEZ, the following requirements generally apply:
- Proposed Company Name – Must be unique and approved by RAKEZ.
- Business Activity Selection – Choose from commercial, service, industrial, or educational licenses.
- Shareholders and Directors – Minimum of one shareholder (individual or corporate).
- Registered Office/Facility – Selection of an office or flexi-desk package within RAKEZ.
- Required Documentation:
- Passport copies of shareholders and directors
- Proof of address (utility bill or bank statement)
- Memorandum and Articles of Association (MOA/AOA)
- Application form and business plan (for some license types)
- Power of Attorney (if represented by a third party)
Step-by-Step Procedure for RAKEZ Free Zone Company Formation
Step 1 – Initial Consultation
Define your business activity, structure, and office requirements.
Step 2 – Name Reservation & Initial Approval
Submit proposed company name and business activity for approval.
Step 3 – Document Preparation & Submission
Provide required incorporation documents for verification.
Step 4 – License Issuance & Certificate of Incorporation
Once approved, RAKEZ issues your business license and Certificate of Incorporation.
Step 5 – Visa & Bank Account Setup
Apply for investor or employee visas and open a corporate bank account in the UAE.
Timeframe for RAKEZ Free Zone Company Formation
| Stage | Process | Estimated Time |
|---|---|---|
| Name Approval | Reservation and approval | 1–2 business days |
| Document Submission | Preparation and verification | 2–3 business days |
| License Issuance | Registration and licensing | 2–5 business days |
| Bank Account Opening | Corporate banking setup | 5–10 business days |
Total Estimated Time: 7–14 business days
Advantages of RAKEZ Free Zone for Non-Residents
| Advantage | Details |
|---|---|
| Low Setup Costs | Among the most affordable UAE free zones for new companies. |
| Tax Efficiency | 0% income and corporate tax within the free zone. |
| Fast Incorporation | Business setup in as little as 2–5 working days. |
| Customizable Facilities | Choose from flexi-desks, offices, warehouses, or industrial plots. |
| Strong Legal Framework | Transparent regulations governed by UAE federal law. |
| Supportive Ecosystem | One-stop-shop for government services, licensing, and visas. |
RAKEZ Free Zone Tax System
RAKEZ offers one of the UAE’s most favorable tax regimes, designed to attract global investors.
Key Tax Highlights
- 0% Corporate Tax – Complete exemption within the free zone for eligible activities.
- 0% Personal Income Tax – No taxation on salaries, dividends, or capital gains.
- No Import or Export Duties – Tax-free import/export within the free zone.
- VAT (5%) – Applicable only to goods or services consumed within the UAE mainland.
- No Double Taxation – Benefit indirectly from the UAE’s global network of over 130 double taxation treaties.
Compliance and Reporting
- Annual license renewal with RAKEZ Authority.
- Accounting records must be maintained but audits are only required for certain business types.
- Adherence to UAE Economic Substance Regulations (ESR) and Anti-Money Laundering (AML) compliance.
How We Can Help You
Our professional consultants provide end-to-end support for RAKEZ Free Zone Company Formation, ensuring a fast, compliant, and seamless setup.
Our Services Include
- Business structure consultation and license selection.
- Company name approval and document preparation.
- Submission and registration with RAKEZ authorities.
- Corporate bank account setup in the UAE.
- Visa application and residency processing.
- Accounting, compliance, and renewal support.
- Legal and tax advisory for long-term operational success.
Launch Your RAKEZ Company Today
With its cost-effective setup, strategic location, and full ownership benefits, RAKEZ Free Zone is a leading choice for entrepreneurs seeking to establish a strong business presence in the UAE.
Partner with our experts to simplify your RAKEZ company formation, minimize setup time, and ensure total compliance with UAE regulations.
Contact us today to start your journey toward building a successful and globally connected business in the Ras Al Khaimah Economic Zone (RAKEZ).
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Questions & Answers
1. What is the tax structure in RAK Free Zone?
RAK Free Zone offers a tax-friendly environment with zero corporate and income taxes. Companies operating within the zone are not subject to local taxes for a period of up to 50 years, with a possibility of renewable benefits.
2. Are there any personal income taxes for individuals in RAK Free Zone?
No, there are no personal income taxes for individuals living and working in RAK Free Zone. This allows expatriates to retain their full income, fostering a favorable lifestyle and business ecosystem.
3. Do businesses in RAK Free Zone pay VAT?
Yes, businesses must comply with the UAE’s Value Added Tax (VAT) regulations, which currently stand at 5%. However, companies can apply for VAT registration based on their turnover, enabling them to reclaim VAT on business-related expenses.
4. Are there additional fees or costs associated with operating in RAK Free Zone?
While there are no corporate taxes, companies should anticipate other fees, such as licensing fees, office rental costs, and employee visa charges. It’s essential to factor these costs into your budget when planning to set up in the Free Zone.
5. How does RAK Free Zone compare to other free zones in the UAE in terms of taxation?
RAK Free Zone generally offers a competitive tax structure similar to other UAE free zones. However, it is known for its lower set-up costs and flexibility compared to some of the more prominent free zones, making it an attractive option for startups and SMEs.
What is RAK Free Zone?
RAK Free Zone, located in Ras Al Khaimah, UAE, is a business hub designed to attract foreign investors and enterprises. It offers various benefits, such as 100% foreign ownership, zero corporate tax, and no personal income tax. This makes it an ideal location for establishing offshore companies, trading entities, and service providers.
What are the benefits of forming an offshore company in RAK Free Zone?
Forming an offshore company in RAK Free Zone comes with numerous advantages, including full repatriation of capital and profits, no restrictions on the nationality of shareholders, and the ability to open bank accounts in multiple currencies. Additionally, offshore companies benefit from confidentiality and privacy, as the details of shareholders and directors are not publicly disclosed.
What is the process of setting up an offshore company in RAK Free Zone?
The process of setting up an offshore company in RAK Free Zone involves several steps. First, you need to choose a company name and reserve it with the authorities. Next, you must prepare required documents, such as a passport copy and a business plan. Once all paperwork is complete, you will submit your application and pay the necessary registration fees. The entire process can typically be completed within a few days.
Are there any compliance requirements for RAK offshore companies?
Yes, RAK offshore companies have to comply with specific requirements, including maintaining a registered office within the free zone and keeping accurate financial records. While there are no annual audits mandated, companies must ensure compliance with local regulations and may need to file certain reports to maintain their offshore status.
Can an offshore company in RAK Free Zone conduct business in the UAE?
RAK offshore companies are primarily designed for international business activities and cannot engage in business activities within the UAE mainland directly. However, they can conduct business outside the UAE and can also enter into agreements with companies in the free zone for specific services. To operate within the UAE, a local entity needs to be established.
What types of businesses can be established in RAK Free Zone?
RAK Free Zone provides the opportunity to establish various types of businesses, including trading companies, consultancies, service providers, and holding companies. The free zone welcomes a wide array of industries, making it flexible for entrepreneurs to set up their businesses according to their needs and market demands.
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.