Question 1

Q-1. What is the main free zone in Ras Al Khaimah?

Accepted Answer

The main free zone authority in Ras Al Khaimah is RAKEZ (Ras Al Khaimah Economic Zone). It oversees and regulates all business activities within the emirate’s free zone areas, offering a range of business licenses and facilities for investors across various sectors.

Question 2

Q-2. How much does it cost to set up a business in Ras Al Khaimah Free Zone?

Accepted Answer

RAKEZ setup costs typically start from AED 6,000 to AED 10,000 for basic license packages. The final cost depends on factors like business activity, office type (flexi-desk or physical space), visa requirements, and additional services like legal documents or approvals.

Question 3

Q-3. How long does it take to set up a company in RAKEZ?

Accepted Answer

Company formation in RAKEZ is efficient and fast. If all required documents are submitted correctly, the business license is usually issued within 2 to 5 working days, making it one of the quickest jurisdictions for UAE company setup.

Question 4

Q-4. Can a person from another country own 100% of a company in RAKEZ?

Accepted Answer

Yes, 100% foreign ownership is fully allowed in RAKEZ. You don’t need a local Emirati partner or sponsor. This makes it highly attractive for international entrepreneurs seeking complete control of their UAE business.

Question 5

Q-5. Do RAKEZ companies pay company tax?

Accepted Answer

RAKEZ companies that meet Qualifying Free Zone Person conditions can enjoy a 0% corporate tax on qualifying income. However, all businesses must register with the Federal Tax Authority (FTA) and comply with tax reporting and filing requirements annually.

Question 6

Q-6. What types of licenses are available in RAKEZ?

Accepted Answer

RAKEZ offers various license types, including:

Commercial,
Service,
Industrial,
E-commerce,
Media,
Educational,
Professional, and
Freelancer licenses.

The license type you choose depends on your business activity and operational needs.

Question 7

Q-7. Do I have to be in RAK in person to set up my company?

Accepted Answer

No, physical presence in RAK is not required for most company formations. The entire process can be done remotely through email and courier services, especially when working with a licensed business setup consultant or authorized agent.

Question 8

Q-8. What are the main benefits of setting up in RAKEZ?

Accepted Answer

RAKEZ offers several advantages:

100% foreign ownership,
0% personal and corporate tax,
Full profit repatriation, customs exemptions,
Cost-effective setup, and
Fast licensing.

It’s ideal for SMEs, startups, and international businesses looking for UAE market entry with minimal overhead.

Question 9

Q-9. What is the role of business setup consultants in Ras Al Khaimah?

Accepted Answer

Business setup consultants handle the end-to-end process, company formation, document preparation, government approvals, visa services, and compliance. They reduce errors, save time, and ensure you meet RAKEZ and UAE legal requirements from start to finish.

Question 10

Q-10. What are the main documents needed for RAKEZ setup?

Accepted Answer

For individuals: passport copy, visa or Emirates ID (if applicable), passport-size photo, and address proof. For corporate shareholders:

Certificate of Incorporation,
Memorandum and Articles of Association,
Board Resolution, and
A Valid Good Standing Certificate from the parent company.

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