Easy Guide To RAKEZ Economic Zone For Your Business Setup
Currently, the United Arab Emirates (UAE) is a very attractive business destination for investors and entrepreneurs around the world. This nation has various opportunities and characteristics to establish and grow your business. It is important to note that not all emirates offer the same conditions for entrepreneurs. For instance, if you want to do RAK company formation, the best place is the RAKEZ Economic Zone (Ras Al Khaimah Economic Zone). In this article, we will explain everything you need to know to do RAK company training at RAKEZ. This is a free zone that combines all the good things of the Ras Al Khaimah and Fujairah emirates; which is very attractive for businessmen and foreign investors. Among the aspects that you will see are the characteristics of RAKEZ, the types of licenses, and the registration process. Moreover, we will also show you the benefits you will get for your business. Thus, you will be able to discover how and why RAKEZ can be the perfect partner for your commercial success. Why Choose RAKEZ Economic? RAKEZ or Ras Al Khaima Economic Zone, was established after the consolidation of two free zones. These were the RAK Free Zone and the RAK Investment Authority, which made this zone huge. Among a large number of free zones in the UAE, the Free Zone Ras Al Khaimah Economic Zone; enjoys being one of the most popular for establishing a business in a free zone in the UAE. People who do not know much about free zones in the UAE have heard of this one. In addition, Ras Al Khaimah’s company formation is very interesting. Another positive part is it is not very far from the RAK airport, it has a nearby seaport. In this way, this area becomes a very strategic location for those who wish to start a business at a low cost in the UAE. RAKEZ is made up of 6 specific zones that have their field. Among these you can find: The Al Ghail Industrial Zone, which includes mass industrial manufacturers. The Al Hamra Industrial Zone, is the perfect site for companies that are part of the light and heavy industry sectors. RAKEZ Academic Zone, here are the best international educational institutions and service providers. Industrial Zone of Al Hulaila, is an area where you find all those heavy industry producers. Al Nakheel Commercial Zone, which includes first-class business centers for freelancers and SMEs. The Al Hamra Commercial Zone, has a business space with access to commercial and industrial centers. It also has logistical access to entertainment and residential facilities. Strategic Location Its location is in the northernmost emirate of the UAE, Ras Al Khaimah, and is currently a major commercial destination. In this way, it attracts the attention of many investors. In addition, the region combines a highly favorable business environment and cost competitiveness. Thus causing many business professionals to want RAK company setup. RAKEZ has a very strategic location and at the same time is a commercial support center. In this way, you find that it is home to more than 14,000 companies and that it covers more than 50 industries. With this on the table, many people take into account all the existing opportunities in this free zone. Thus achieving that many international investors take RAKEZ into account for future business If you are a person who wants to start a business in the UAE and you do not know where yet, RAKEZ can be the ideal option. In addition, you can find this free zone in the heart of the emirate of Ras Al Khaimah. In this way, it becomes a connecting point between Europe, Asia, and Africa. You also know that near it you can find the RAK airport and a seaport. It is also important to note that the UAE itself has a very good strategic location. This is thanks to the fact that its location is at the crossroads of the main maritime routes that exist. Turning this area into a very important logistics and transportation center worldwide. Business-Friendly Environment The RAKEZ is a business and industry center, which offers many customized solutions to many companies. Getting a Ras Al Khaimah business license will offer you a wide variety of business activities. In this way, you can be sure that you will find what you need to start your business. This is one of the largest free zones in the UAE. Here is the division of activities according to license categories. In addition, these have a division into several groups, where each one has its list of activities. In some cases, the activities will require the manager to hold a relevant educational qualification. Which must be proven by a certificate at the UAE embassy in the country of origin. These activities are related to a professional service that requires certain qualifications. Next, you will see these: Accounting and bookkeeping. Consulting and architectural design. Aviation consultancy. Consulting in communications engineering and many others. At RAKEZ the mission is to enforce all substance requirements and many other activities about it. In addition, registration must be under special conditions, such as: A space that has an office or warehouse function. A presentation of a business plan. Have a company manager, who is on the company resident visa. Business Setup Process Before you can set up your business on RAKEZ, you need to learn about the setup process. In this you must have certain documentation and follow certain steps that you will see below: The first thing will be to choose what your commercial activity will be. In RAKEZ a wide variety is allowed, having commercial, educational, industrial, etc. By completing this you will be able to choose the correct license. Secondly, you must choose the proper name for your company. Here you will not be able to include offensive content or religious references. On the other hand, if you want to use your name in the company you must use your full name. Also, you need to
