Sectors
Advantages
- 38,000+ companies from 50+ sectors — one of UAE’s most diverse free zones
- Among the most affordable free zone options in the UAE — licence from AED 6,000
- Four park types: Business Park, Industrial Park, Technology Park, Academic Zone
- 100% foreign ownership with 0% tax and full profit repatriation
- Payment plans available in some packages
Trade-offs
- RAK location — 1+ hour from Dubai; less suitable for companies needing a Dubai presence
- Banking in RAK is more limited — fewer options vs. Dubai free zones
- Less prestige vs. DMCC, DIFC, or DIC for international clients
Setting up
Very streamlined process; 2–5 business days. Online portal is well-developed. One of the easiest UAE free zones to set up in.
Opening a bank account
RAK Bank is the most accessible option. Dubai-based banks may be harder for RAKEZ entities. Neo-banks (Wio) increasingly accepted.
Questions
How much does it cost to set up a company in RAKEZ?
Licence from AED 6,000 (0-visa); AED 8,240 (with 1 visa). Annual all-in ~AED 10,000.
What business sectors are supported by RAKEZ?
Ras Al Khaimah Economic Zone supports: Manufacturing, Trading, E-commerce, Education, Consulting, Technology.
Is it easy to open a bank account with a RAKEZ licence?
RAK Bank is the most accessible option. Dubai-based banks may be harder for RAKEZ entities. Neo-banks (Wio) increasingly accepted.
Does RAKEZ require a physical office?
No, a physical office is not mandatory. Flexi-desk and virtual office options are available. Flexi-desk included in business packages. Industrial units, warehouses, and land plots also available.
How many visas can I get through RAKEZ?
Visa quota: Up to 6 visas per licence depending on package and office size.