Ras Al Khaimah Economic Zone (RAKEZ)
RAKEZ Free Zone Company Formation
Ras Al Khaimah Economic Zone (RAKEZ) is a well-established free trade zone located in the Emirate of Ras Al Khaimah. It is recognized as one of the fastest-growing economic zones in the UAE and the wider Middle East. RAKEZ offers cost-effective company formation packages with access to multiple business activities under a single license. Licenses issued by RAKEZ are widely accepted for corporate bank account opening in the UAE. Investors benefit from a structured regulatory framework and competitive setup costs.
The Free Zone is strategically positioned with connectivity to major highways, airports, and seaports, making it suitable for trading and logistics businesses engaged in regional and international markets. RAKEZ operates through multiple specialized districts tailored to different industries. For example, the RAKEZ Business Zone supports start-ups and service-based companies in consulting, IT, finance, and related sectors.
B2B Group of Consultants is a registered agent of RAKEZ and provides complete support including company formation, PRO services, and company liquidation. Our team also assists with documentation, share transfers, amendments to company records, and regulatory compliance within RAKEZ.
Main Competitive Advantages of RAKEZ
- Option to register both free zone and non-free zone companies
- 100% foreign ownership
- Multiple business activities under one license without additional cost
- Ability to establish a holding company
- Availability of on-site staff and labor accommodation
- Access to integrated services within one economic zone
- Online customer portal for administrative processes
- Strong connectivity to logistics hubs and highways
- Regional office network for investor support
- Market access across the Middle East, Europe, North Africa, and Asia
RAKEZ Zones
- RAKEZ Business Zone – Suitable for trading, consultancy, and service businesses
- Al Hamra Industrial Zone – Manufacturing, industrial projects, logistics, and assembly
- Al Ghail Industrial Zone – Manufacturing and heavy industrial operations
- Al Hulaila Industrial Zone – Industrial and trading activities
- RAKEZ Academic Zone – Schools, universities, institutes, and education consultancy
- Media Zone – Radio, television, publishing, broadcasting, film production, and event management
Type of Licenses in RAKEZ and Minimum Package Cost
Following License Packages are available for company formation in RAKEZ.
| Product Name | BizStarter 0 VISA | All Inclusive 1 Visa | All Inclusive 2 Visa | All Inclusive 3 Visa | All Inclusive 4 Visa |
|---|---|---|---|---|---|
| Price 1 Year | AED 5,499 | AED 16,500 | AED 20,000 | AED 25,000 | AED 29,000 |
| Price 2 Year | – | AED 28,050 | AED 34,000 | AED 42,500 | AED 49,300 |
| Price 3 Year | AED 15,599 | AED 39,600 | AED 48,000 | AED 60,000 | AED 69,600 |
| Price 4 Year | – | AED 49,500 | AED 60,000 | AED 75,000 | AED 87,000 |
| Price 5 Year | AED 26,597 | AED 61,800 | AED 75,000 | – | – |
| Price 6 Year | – | AED 69,300 | AED 84,000 | AED 105,000 | AED 121,800 |
| Renewal Price 1 Year | Same as Above | AED 16,500 | AED 20,000 | AED 25,000 | AED 29,000 |
| Renewal Price Multiple Year | Same as Above | Same as above | Same as Above | Same as Above | Same as Above |
* The All Inclusive Package includes Trade License Fee, Visa Fee, Immigration Card, Medical & Emirates ID Fee.
Office Space Package Fee Details
A perfect choice of start-ups and companies looking at affordable office setup.
| Product Name | Serviced Office A | Serviced Office B | Standard Office | Executive Office |
|---|---|---|---|---|
| Price 1 Year | AED 25,000 | AED 34,000 | AED 38,000 | AED 48,000 |
| Price 2 Year | AED 42,500 | AED 57,800 | AED 64,600 | AED 81,600 |
| Visa Quota | 2 Free (Lifetime) | 4 Free (Lifetime) | 4 Free (Lifetime) | 6 Free (Lifetime) |
| Renewal Price 1 Year | AED 25,000 | AED 34,000 | AED 38,000 | AED 48,000 |
| Renewal Price Multiple Year | Same as Above | Same as above | Same as Above | Same as Above |
PRO Services in RAKEZ
RAKEZ investors may require ongoing administrative and regulatory support as their business expands. B2B Group of Consultants, as a registered agent, provides comprehensive PRO services tailored to these needs.
Our PRO services include:
- Investor and employee visa processing
- License renewal and cancellation
- Legal documentation and attestations
- Trade license amendments
- Shareholder certificate modifications
- Addition or modification of business activities
- Government approvals and compliance support
A dedicated PRO representative from our team ensures timely processing and coordination with relevant authorities. Investors with frequent compliance requirements may opt for an Annual Retainer Contract, allowing them to manage visa renewals, document attestations, and amendments efficiently while operating remotely.
Company Closing in RAKEZ Free Zone
Company liquidation in RAKEZ follows a structured procedure. Registered agents such as B2B Group of Consultants can initiate and manage the closure process on behalf of investors.
The company closure application must be submitted to RAKEZ along with a notarized declaration from the owner stating the reason for termination. If the shareholder is outside the UAE, the declaration must be notarized at a UAE Embassy and submitted in original form. For corporate shareholders, a notarized board resolution signed by all shareholders is required.
Before proceeding, the General Manager must formally resign, and all outstanding liabilities with suppliers, banks, Free Zone authorities, and government departments must be settled. Employee visas must be cancelled and dues cleared. An exit interview or survey may be conducted by the authority as part of the procedure.
Clearance Required for Liquidation
The company must obtain clearance from relevant departments, which may include:
- RAK Customs (for warehouse or land lease holders)
- Chamber of Commerce (if applicable)
- Environmental Protection Department (for industrial licenses)
- Telecommunications providers (Etisalat or Du)
- Federal Electricity and Water Authority
- Any other department with outstanding dues
After obtaining all clearances, the final documents are submitted along with the closure application and required fees. All employee visas must be cancelled before final approval.
Upon completion of the process, RAKEZ issues a Company Liquidation Certificate confirming the legal termination of the entity. Once liquidated, the company is no longer authorized to conduct business activities within RAKEZ.