RAKEZ Free Zone

1. 1. Define Your Business Activity: Identify the specific activities your business will undertake to determine the appropriate license type.

1. 1. Select the Legal Structure: Choose a legal entity that aligns with your business goals, such as a Free Zone Establishment (FZE) for single shareholders or a Free Zone Company (FZC) for multiple shareholders.

1. 1. Reserve a Trade Name: Ensure your chosen business name complies with UAE naming conventions and is available for registration.

1. 1. Submit License Application: Prepare and submit the necessary documents, including passport copies and a business plan, to the RAKEZ authority.

1. 1. Lease Office Space: Depending on your business needs, select from various facility options, such as flexi-desks, standard offices, or warehouses.

1. 1. Obtain Visas: Process residency visas for you and your employees through RAKEZ’s streamlined visa services.

• Completed application form
• Valid passport copies of shareholders and managers
• Proof of address
• Business plan
• No Objection Certificate (if applicable)

• • Commercial License: For trading activities, including import and export.

• • Service License: For service-oriented businesses like consulting and IT services.

• • Industrial License: For manufacturing and production activities.

• 100% Foreign Ownership: Maintain complete control over your business without the need for a local partner.
• Tax Advantages: Enjoy exemptions from corporate and personal income taxes, as well as import and export duties.
• Full Capital Repatriation: Freely transfer your capital and profits without restrictions.
• Simplified Administrative Processes: Benefit from efficient government services, including swift licensing and visa procedures.

• Flexi-Desks: Ideal for startups seeking a cost-effective workspace with essential amenities.
• Standard Offices: Furnished spaces suitable for small to medium-sized enterprises.
• Warehouses: Well-equipped facilities designed for storage and industrial operations.

A: The setup process is efficient, often allowing businesses to become operational within a few days, depending on the complexity of the business activity and the completeness of the documentation.

A: Yes, RAKEZ provides assistance in opening corporate bank accounts with various local and international banks in the UAE.

A: Certain business types may be required to submit annual audited financial statements. It’s advisable to consult with RAKEZ authorities or a business consultant to understand specific compliance requirements.