How To Get A RAKEZ License: Here Are The Requirements

by admin · February 1, 2023

Ras Al Khaimah Economic Zone (RAKEZ) is a popular location for businesses looking to establish a presence in the United Arab Emirates (UAE). RAKEZ offers various services and facilities to support businesses, including 100% foreign ownership, 100% repatriation of capital and profits, and exemptions from corporate and personal income taxes. You will need to obtain a license to set up a business in RAKEZ. Here are the requirements and steps you need to follow to get a RAKEZ license:

Identify the type of license:

RAKEZ offers several licenses, including Industrial, Commercial, and Service licenses. It is important to choose the type of license that best suits your business needs. You can also register your business as a Free Zone Establishment (FZE) or Free Zone Company (FZC).

Prepare the required documents:

To apply for a RAKEZ license, you must submit a set of documents, including your passport copy, Emirates ID copy, CV, and educational certificates. You must also submit a business plan and trade name availability certificate.

Pay the fees:

There are a variety of fees associated with getting a RAKEZ license. These include the license fee, the lease fee, and the security deposit. The fees will depend on the type of license and the size of the space you are leasing.

Select your business activity:

RAKEZ offers a wide range of activities, including trading, manufacturing, consulting, and professional services. Selecting an activity that aligns with your business goals and objectives is important.

Choose your business premises:

RAKEZ offers a variety of options for business premises, including office spaces, warehouses, and land. It is important to choose a location accessible for your employees and clients that meets your specific business needs.

Obtain the necessary licenses and permits:

You must obtain the necessary licenses and permits to conduct business activities in RAKEZ. This will typically involve obtaining a trade license, which allows you to conduct business activities and any additional licenses required for your specific activity.

In conclusion, getting a RAKEZ license is an important step in setting up a business in the UAE. By following these steps and being mindful of the key requirements, you can obtain a RAKEZ license and establish a successful business in the zone.