Ras Al Khaimah Economic Zone (RAKEZ) was established in 2017 to oversee and manage the specialised zones and clients of the two rapidly growing UAE free zones, RAK Free Trade Zone (RAK FTZ) founded in 2000 and RAK Investment Authority (RAKIA) in 2005. RAKEZ is situated at the heart of Ras Al Khaimah and offers specialised solutions to businesses in both free zones and non-free zones.

RAKEZ is one of the top investment centres in the UAE, with a thriving international community of over 50 industries, including startups, SMEs, and industrialists. When setting up a business in RAKEZ, entrepreneurs can choose between a FREE ZONE or a NON-FREE ZONE (MAINLAND) entity formation.

Advantages of a RAKEZ licence


100% foreign ownership is allowed.


There is a complete exemption from income and corporation taxes.


Guaranteed return on capital and profit.


Quick issuance of UAE visas and residence permits.


Fewer restrictions on foreign labour.


No monetary limits on transactions.


No customs duties are charged.


Excellent accessibility to airports and seaports.


Transparent legislation and regulations.


VAT (Value Added Tax) is charged at 5%.


Signed DTA (Double Taxation Agreement) with 115 countries.

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It is crucial to comprehend the distinction between obtaining a license with a visa quota and acquiring residency in the UAE. A license with a visa quota solely covers the expenses related to a business license and visa quota, with the possibility of including a Flexi office lease in certain Freezones. However, possessing a visa quota does not automatically grant you UAE residency; additional steps must be completed. If you wish to apply for a partner/investor visa, there are supplementary costs involved. These include obtaining an immigration card, registering for E-channel (NE Only), and paying fees for visa, visa processing, medical examination and Emirates ID typing. To effectively plan your business expenses, it is imperative to ask the right questions from the beginning to avoid surprises and hidden costs.