RAKEZ - Novaspace

Establish Your Business in RAKEZ with NovaZone Business Setup

RAKEZ stands as an economic zone in the United Arab Emirates providing multiple benefits for business owners through its business solutions and incentives. RAKEZ enables businesses to choose it as their regional base through its ideal location together with affordable relocation options and favorable business regulations.

The team at NovaZone Business Setup recognizes the entrepreneurial goals of forward-thinking businesses and dedicates itself to translating dreams into reality because of the ever-changing RAKEZ Free Zone environment. Our organization consists of experts in consulting and law and PRO management and business setup who deliver exhaustive solutions to meet your business needs.

Building Our Present and Future

RAKEZ delivers on its promise to support customers and investors by providing a cost-effective and world-class business zone with customizable packages and services and state-of-the-art facilities. Thanks to its strategic location, RAKEZ connects investors to the growing markets in the Middle East, North Africa, Europe and South and Central Asia.

Let's Connect

Explore the Industry

Why Choose RAKEZ Free Zone?

Tax Benefits and 100% Foreign Ownership

Benefit from the tax advantages and full ownership of your company so that you can maximize your profits and retain control of your ventures.

Transit Visa

The RAKEZ Free Zone offers a wide range of business activities that allow you to pursue entrepreneurial endeavors with flexibility and innovation.

Global Market Access

Located in the heart of the United Arab Emirates, RAKEZ offers seamless connections to international markets, making it easier to expand your reach and explore new opportunities on a global scale.

Ease of Doing Business

With optimised settlement processes and efficient legal frameworks, the RAKEZ Free Zone provides a favourable environment for businesses to thrive and succeed.

Simplified Visa Process

With optimized settlement processes and efficient legal frameworks, the RAKEZ Free Zone provides a favourable environment for businesses to thrive and succeed.

Modern Infrastructure

RAKEZ features top-class infrastructural facilities alongside innovative sites that enable businesses to function efficiently and prove their market competitiveness.

Government Departments

We can help you with the processes in the following government departments

Documents Required for a RAKEZ Free Zone Company

Trade License Application Form

Proof of Identity & Address

Memorandum of Association

Articles of Association

Bank Account Opening Letter

Visa Application Form

Business Plan

Recent Blogs

Essential Visa Services for Expats in Dubai

Dubai’s cosmopolitan atmosphere attracts a diverse array of expatriates seeking new opportunities in this vibrant city.

RAKEZ License Types

RAKEZ offers a variety of licenses for free zone companies, including:

General Trading License

Commercial License

Industrial License

Free Zone Establishment License

The type of license and other services needed determine how much it costs to start a business in the RAKEZ Free Zone. NovaZone Business Setup guarantees cost-effectiveness and efficiency in the setup process with customized proposals and clear pricing.

Steps to Set up a Business in RAKEZ Free Zone

In order to assist entrepreneurs in quickly and effectively establishing their presence, the RAKEZ Free Zone offers a simplified and effective business setup process. The main steps involved are as follows:

Choose your business activity and legal structure

Choose the right legal structure, such as an LLC (Limited Liability Company), based on the kind of business you want to start.

Business plan and documentation

Create a thorough business strategy and compile all the paperwork needed to start up the company while making sure all legal criteria are met.

Obtain a trade license

Choose from a variety of licensing options to fit your business operations when you apply for a trade license from RAKEZ Free Zone. Our advisors can help you get the first licenses and approvals.

Open a bank account:

Open a corporate bank account to streamline your financial transactions. Our professionals will help you through the procedure.

Register your company:

Finish the RAKEZ Free Zone registration process, making sure to accurately and quickly submit all required paperwork.

Visa Application:

File visa applications for employees or shareholders if necessary, with our staff helping you every step of the way.

Comprehensive Solutions:

To support your business operations, take use of a variety of services provided by NovaZone Business Setup, including as office space options, PRO services, licensing, and visa aid.

Commence Operations:

You can confidently realize your entrepreneurial idea by operating your business in the RAKEZ Free Zone after obtaining your business license and visas.

Why Choose NovaZone for RAKEZ Free Zone?

To assist you in your business endeavors in the RAKEZ Free Zone, NovaZone Business Setup provides an extensive array of services, such as:

Company Registration
PRO Services
Business Licensing
Translation Services
Sponsorship Support

We are dedicated to using our knowledge and experience to help you confidently and easily negotiate the challenges of setting up your business in the RAKEZ Free Zone.

FAQ

What types of business licenses are available in RAKEZ?

RAKEZ offers several types of licenses, including:

Commercial License: For trading, importing, and exporting goods
General Trading License: Trading in a wider variety of goods is permitted with a general trading license.
Service License: For companies that focus on providing services, like IT and consulting
Industrial License: For manufacturing and industrial activities
Permit for Freelancers: For those who provide freelancing services
Educational Licence: For establishments offering training and education

What are the benefits of setting up a business in RAKEZ?

Benefits consist of:

100% foreign ownership
Complete capital and profit repatriation
No income or corporation tax
Affordable and adaptable bundles
Access to a range of office solutions, such as offices, warehouses, and flex desks
Being close to important logistics hubs, such as airports and seaports
simplified business setup procedure with little red tape
Having access to a global business network

What is the process for setting up a company in RAKEZ?

The following steps are usually included in the process:

Select Your Business Purpose: Choose the business activity and the license that goes with it.
Choose Your Facility: Select from private offices, warehouses, industrial spaces, or flex desks.
Send in the necessary documents: Provide the essential paperwork, including copies of your passport, proof of address, and, if needed, your business plan.
Pay the payments: For the license, office space, and any other services, pay the appropriate payments.
Obtain Your License: You will obtain your business license and be able to start operations as soon as the application has been reviewed and accepted.

What documents are required for setting up a business in RAKEZ?

The documents typically required include:

Passport copies of shareholders and directors
Passport-size photographs
Proof of address (e.g., utility bill, bank statement)
Business plan (for certain business activities)
Memorandum and Articles of Association (MOA) for multi-shareholder companies

How long does it take to set up a company in RAKEZ?

Depending on the kind of company activity, the setup's complexity, and the timely submission of necessary documents, the RAKEZ setup procedure is effective and can be finished in a few days to a few weeks.

Can I obtain a visa through my RAKEZ company?

Companies operating within RAKEZ (Ras Al Khaimah Economic Zone) enable visa acquisition for both owners along with their staff members. Your ability to apply for visas depends on your business nature combined with the amount of office space and selected package.

What office and facility options are available in RAKEZ?

RAKEZ provides a range of office solutions, such as:

Flexi-desks: Common areas for freelancers and small enterprises
Private Offices: Specific workspaces for specific businesses
Warehouses: Distribution and storage facilities
Industrial Spaces: Adaptable areas for heavy industry and manufacturing

ENTREPRENEURSHIP IN THE UAE THE NovaZone WAY

Explore the world of UAE business planning with our corporate calendar