Ras Al Khaimah Economic Zone (RAKEZ) Business Setup

Ras Al Khaimah Economic Zone (RAKEZ)

Ras Al Khaimah Economic Zone (RAKEZ)

Based in the heart of Ras Al Khaimah and guided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, United Arab Emirates Supreme Council Member and Ruler of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) was established to oversee and consolidate the specialized clients of both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). Blessed with a strategic location, RAKEZ connects investors to growing markets of the Middle East, North Africa, Europe as well as South and Central Asia. RAKEZ is the continuation of the story that started with the foundation of RAK Free Trade Zone in 2000 and the establishment of RAK Investment Authority in 2005.It is the preferred business destination of more than 13,000 multinational companies from over 100 countries representing above 50 sectors.

ADVANTAGES OF BUSINESS SETUP IN RAKEZ

TYPES OF LICENSE

Let My Business Consulting DMCC assist you with the company formation in Ras Al Khaimah Economic Zone or any other free zone across the UAE. We provide the consultation and support you need to successfully start, register, and do business in the UAE with the best facilities and corporate structure that helps your business grow. We also provide support for opening personal or corporate bank accounts, obtaining residence visa, getting attestations of official documents, and more! Get in touch with us today to find out more about Ras Al Khaimah Economic Zone fees or general information on starting a business in UAE!

SETUP YOUR BUSINESS IN RAS ALKHAIMAH ECONOMIC ZONE TODAY!

Calculating your new free zone company in Ras Al Khaimah Economic Zone (RAKEZ)

The most important factor in creating a viable business plan for a start-up company is understanding the initial costs. This page is a run through of General Cost for setting-up a company in RAKEZ per expenses as follows:

1.Type of License and 2. Type of Facility

Each activity of a company, falls under a specific type of License. Below is the list of license and facility types available in RAKEZ.

The fees of each type of license depends on visa eligibility, the office facility and type of ownership (FZE – one single ownership and FZ LLC is partnership from 2 to 5 partners).

Commercial - FZE

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 14,800 13,800
Flexi Desk – 1 Visa 19,800 18,800
Flexi Desk – 2 Visa (*A.D.) 24,500 23,500
Flexi Office – 2 Visa 22,400 21,400
Standard Office – 3 Visa 30,500 29,500
Standard Office – 3 Visa (*Al Hamra) 25,150 24,150
Executive Office – 4 Visa 40,500 39,500
Executive Office – 4 Visa (*Al Hamra) 37,800 36,800

Commercial – FZ LLC

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 17,300 13,800
Flexi Desk – 1 Visa 22,300 18,800
Flexi Desk – 2 Visa (*A.D.) 27,000 23,500
Flexi Office – 2 Visa 24,900 21,400
Standard Office – 3 Visa 33,000 29,500
Standard Office – 3 Visa (*Al Hamra) 27,650 24,150
Executive Office – 4 Visa 43,000 39,500
Executive Office – 4 Visa (*Al Hamra) 40,300 36,800

Services License – FZE

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 18,300 17,300
Flexi Desk – 1 Visa 23,300 22,300
Flexi Desk – 2 Visa (*A.D.) 28,000 27,000
Flexi Office – 2 Visa 25,900 24,900
Standard Office – 3 Visa 34,000 33,000
Standard Office – 3 Visa (*Al Hamra) 28,650 27,650
Executive Office – 4 Visa 44,000 43,000
Executive Office – 4 Visa (*Al Hamra) 41,300 40,300

Services License – FZ LLC

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 20,800 17,300
Flexi Desk – 1 Visa 25,800 22,300
Flexi Desk – 2 Visa (*A.D.) 30,500 27,000
Flexi Office – 2 Visa 28,400 24,900
Standard Office – 3 Visa 36,500 33,000
Standard Office – 3 Visa (*Al Hamra) 31,150 27,650
Executive Office – 4 Visa 46,500 43,000
Executive Office – 4 Visa (*Al Hamra) 43,800 40,300

General Trading FZE

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 21,800 20,800
Flexi Desk – 1 Visa 26,800 25,800
Flexi Desk – 2 Visa (*A.D.) 31,500 30,500
Flexi Office – 2 Visa 29,400 27,400
Standard Office – 3 Visa 37,500 36,500
Standard Office – 3 Visa (*Al Hamra) 32,150 31,150
Executive Office – 4 Visa 47,500 46,500
Executive Office – 4 Visa (*Al Hamra) 44,800 43,800

General Trading - FZ LLC

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 24,300 20,800
Flexi Desk – 1 Visa 29,300 25,800
Flexi Desk – 2 Visa (*A.D.) 34,000 33,000
Flexi Office – 2 Visa 31,900 28,400
Standard Office – 3 Visa 40,000 36,500
Standard Office – 3 Visa (*Al Hamra) 34,650 31,150
Executive Office – 4 Visa 50,000 46,500
Executive Office – 4 Visa (*Al Hamra) 47,300 43,800

E-commerce - FZE

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 19,800 18,800
Flexi Desk – 1 Visa 24,800 23,800
Flexi Desk – 2 Visa (*A.D.) 29,500 28,500
Flexi Office – 2 Visa 27,400 26,400
Standard Office – 3 Visa 35,500 34,500
Standard Office – 3 Visa (*Al Hamra) 30,150 29,150
Executive Office – 4 Visa 45,500 44,500
Executive Office – 4 Visa (*Al Hamra) 42,800 41,800

E-commerce- FZ LLC

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 0 Visa 22,300 18,800
Flexi Desk – 1 Visa 27,300 23,800
Flexi Desk – 2 Visa (*A.D.) 32,000 28,500
Flexi Office – 2 Visa 29,900 26,400
Standard Office – 3 Visa 38,000 34,500
Standard Office – 3 Visa (*Al Hamra) 32,650 29,150
Executive Office – 4 Visa 48,000 44,500
Executive Office – 4 Visa (*Al Hamra) 45,300 41,800

Individual Professional FZE

Facility - visa eligibility First Year (AED) Second Year (AED)
Flexi Desk – 1 Visa 16,800 15,800

Note:
Fees are the subject for additional 5% Value Added Tax (VAT).

*A.D. – The flexi desk located in Abu Dhabi Emirate (Adu Dhabi Mall);

*Al Hamra – The office located in the beginning of the Ras Al Khaimah Emirate.

Miscellaneous Fees

Immigration Pre-approval 250 (per applicant)
1000 (4 applicants and above)
Power of Attorney (Administrative) – per person AED 1,500

Note: Fees are the subject for additional 5% Value Added Tax (VAT).

3. Residence Visa in Ras Al Khaimah Economic Zone

Cost of each visa varies depending on the status of an applicant’s current location, whether application is taking place inside or outside the UAE. Amendment of visa can be done only if the applicant has cancelled his previous Residence Visa or is transferring within RAKEZ.
In case you would like to apply for the UAE Residence Visa inside UAE, you can just apply for the Status Change service, which will not require you to exit the country, so that you could enjoy the hassle-free process.

SERVICES FEES (AED)
Investor Visa Fees (Valid for 3 years) 4,730
Employment Visa Fees (Valid for 2 years) 4,482
Employment Visa Guarantee Deposit 2,000
Visa Status Change 850
Medical Test, Emirates ID & Photo 1,240
MBC Service Fees 2,500

Note:

  • Fees are the subject for 5% Value Added Tax (VAT).

  • Company must be registered with the Immigration E-channel, if it is not, then the cost for registration will be 2,150 AED and 5,000 AED for the deposit, which will be refunded in case of company liquidation.

4. My Business Consulting Dmcc Service Packages

COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Regular update regarding the full process

  • Initial Approval: company name, activity, shareholder's structure

  • Business Plan Summary

  • Company Registration

  • Facility Arrangement (Business Park)

  • Company Licensing

  • Establishment Card

  • Company Stamp

  • Company Letterhead

  • Company Profile

  • Accounts Guide for UAE Businesses not registered for VAT

  • FREE Documents Expiration Notifications after one year

Service Fee - 5,000 AED

Additional Fees:

  • Subsidiary/ Branch – 2,500 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.

UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES UAE RESIDENT VISA SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 7,500 AED
Service Fee
+ 2,500 AED
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

Note:
Fees are the subject for additional 5% Value Added Tax (VAT).
COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Regular update regarding the full process

  • Initial Approval: company name, activity, shareholder's structure

  • Business Plan Summary

  • Company Registration

  • Facility Arrangement (Business Park)

  • Company Licensing

  • Establishment Card

  • Company Stamp

  • Company Letterhead

  • Company Profile

  • Accounts Guide for UAE Businesses not registered for VAT

  • FREE Documents Expiration Notifications after one year

Service Fee - 5,000 AED

Additional Fees:

  • Subsidiary/ Branch – 2,500 AED for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from 500 AED

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.


UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

+ 7,500 AED
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

UAE RESIDENT VISA SERVICES
  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

+ 2,500 AED
Service Fee
Note:
Fees are the subject for additional 5% Value Added Tax (VAT).