RAKEZ License Types for Company Formation

Options abound for your company's formation goals.

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Oh, Ras Al Khaimah Economic Zone (RAKEZ), The lesser-known sibling in the UAE family. But you know, in every family, there’s always that one underrated sibling who turns out to be the powerhouse. Here’s a fun fact: it’s not just camels and sand dunes in RAK; it’s a “preferred business destination” with the RAK Free Zone leading the charge. Let FZBuddy guide you on this whirlwind tour!

On this page, you’ll learn about the following:

The Need for a License in RAKEZ

Now, before you get too excited and decide to unleash your next big “business plan” in Ras Al Khaimah, there’s a “mandatory requirement” you’ve got to sort out: the license. But why, you ask? Think of it as an entry stamp to the party where “foreign ownership” meets a “wide range” of business opportunities. Without this ticket, you’re just the dude outside the club, hearing muffled beats. And you want in, trust me.

The “RAK Investment Authority,” which sounds super official because, well, it is, has made it a point to ensure that “business licenses” align with the “type of business activity.” It’s like a dress code but for businesses. Dress (or license) inappropriately, and you might find yourself getting some side-eye.

Read more: RAKEZ Investor Benefits 2023 (Tax Advantages & Incentives)

Overview of RAKEZ License Categories

Enter the Ras Al Khaimah Economic Zone the brainchild of the merger between RAK Free Zone Company Formation and the Ras Al Khaimah Free Trade Zone. It’s the haven where you’ll encounter a smorgasbord of license types. We’re talking commercial, e-commerce, industrial, and oh, so much more.

You’d think, given the wide variety, picking a license would be as easy as picking a Netflix movie on a Friday night. But just like that Netflix decision, it can be mind-boggling. However, with the right business consultant and a sprinkle of patience, you’ll find your perfect license match. And just like that perfect movie, once you find it, you’re set for a delightful experience at Ras Al Khaimah Economic Zone.

Commercial License

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Picture this: you walk into a place called “Office A’” (because why not?), flex your business muscles, and proclaim, “I’m here to do some serious ‘commercial activities’!” That’s where the commercial license comes into play. It’s the go-to for those looking to buy, sell, trade, or basically do anything that screams commerce.

With the commercial license, the world of “trading activities” is your oyster. From trading in “special products” to establishing “consultancy businesses,” this license is the Swiss Army knife of “types of licenses” in RAKEZ. And if you’re an international business magnate? Yep, this one’s a good fit for “foreign companies,” too.

Industrial License

Now, let’s shift gears – literally. If you’re planning on setting up a shop in the “industrial land” of RAK, you might need an industrial license. This isn’t for the faint-hearted. Here, we’re talking heavy machinery, “industrial activities,” and possibly even a hard hat.

Got plans to transform “land for development” into a sprawling facility that produces…let’s say, unicorn-themed soda? (Hey, why not?) An industrial license is what you’d need. Whether you’re a giant “industrial company” or a startup with a penchant for manufacturing, the industrial license is your golden ticket. Just remember to wear that hard hat.

Service License

If you’re itching to offer “professional services” in the glistening RAK Free Zone, then the service license is your enchanted ticket. Say you’re in consultancy. This isn’t just any “consultancy company,” but the kind that might be nestled in swanky “executive offices” or cutting-edge “service offices.” Ras Al Khaimah Free Trade Zone offers a “wide range” of “business activity” options. And the best part? If you’re a “foreign investor” eyeing this “strategic location,” rejoice! With this license, you can make those “business plan” dreams a reality. Just remember, all magical endeavors have “mandatory requirements.”

Educational License

RAK, with its “art facilities,” isn’t just about making money. It’s also a hub for molding minds. If you’re keen on offering “academic consultancy” or launching an “educational consultancy,” the educational license is your go-to. Remember that knowledge is power, and with this license, you’re basically the Dumbledore of the “professional activities” in RAK.

Media License

Now, for the Picassos of the digital realm. If your jam is “media-related activities,” RAK’s media license is like that perfect brush stroke on a canvas. From film to print, digital, or even space media (OK, maybe not space, but a person can dream!), this license covers it all. Get ready to be the Spielberg of the “RAKEZ Business Zone.”

E-Commerce License

Ever dreamt of setting up the next Amazon or, dare I say, a unicorn e-commerce platform selling, I don’t know, moon cheese? Well, with the e-commerce license, RAK’s your oyster. The “E-Commerce General Trading” scene here offers an “attractive option” to dive deep into the digital market. Plus, with the “RAKEZ portal” at your fingertips, managing your business is as easy as swiping left on a bad dating profile.

General Trading License

Here’s where it gets epic. For those who are just too darn versatile to settle for a single “business activity”, the general trading license is your golden snitch. Whether you’re trading in magical wands, invisibility cloaks, or just regular “commercial activities”, this license has got your back. It’s like the Swiss Army knife of the “types of licenses”. And with RAK being such a “preferred business destination”, the world’s your quidditch field!

Also read: List of RAKEZ Licensing Options: Choose the Right License for Business

Steps to Acquire a RAKEZ License

Alright, aspiring moguls of Ras Al Khaimah (RAK), strap in! If the license jungle had you spinning like a lost squirrel in a disco, fear not! We’ve got a step-by-step potion recipe (err… guide) on acquiring that shiny RAKEZ license. Grab your “business plan”, channel your inner Beyoncé, and let’s rule the “business hub” world.

  • Choose Your Arena: With a “range of licenses” available, you need to pick your poison. E-Commerce? Professional? Industrial? Look into the mirror (or the “RAKEZ portal”), say the magic words, and pick the “license type” meant for you.
  • Land & Location: Decide if you’re setting up in the “RAK Free Zone” or opting for a “non-free zone company setup.” Remember, location isn’t just strategy in Monopoly; it’s the essence of a successful “business operation.”
  • Wizardly Paperwork: Prepare essential documents. We’re talking “copies of shareholders,” “details of shareholders,” and other seemingly mundane papers that hold the power to your “company registration.”
  • Consult the Oracles: Contact “Creation Business Consultants” or “Shuraa Business Setup” for guidance. These aren’t wizards, but they’re the next best thing for your “company setup process.”
  • Visa-Mania: Acquire your “investor visa.” Your “visa eligibility” will be checked, and there are different “types of visas,” so ensure you’re casting the right spell for yourself and your crew.
  • Space Race: Decide on “office space.” From “flexi desks” to “core offices” and “executive offices,” the choices are vast. Maybe even consider an “office facility” that floats… just kidding!
  • Moolah Matters: Get a clear picture of the “license costs.” Look for “cost-effective” and “customizable packages” because hey, who doesn’t love a bargain?
  • Magic Stamps and More: Procure your “entry permit” and “entry stamp.” It’s like the secret handshake to enter the RAKEZ club.
  • Shiny Approvals: Await the nods from “immigration authorities” and secure your “establishment card.” You’re almost there!
  • Final Countdown: With approvals in hand, you’ll be ready to finalize your “company formation.” Drumroll, please!

Conclusion

RAK, often crowned as the “preferred business destination,” isn’t just about sand and camels. It’s a beacon for those hungry for success in “business activity.” Whether you’re a solo sorcerer or leading a tribe of “multinational companies,” RAKEZ has room for all. And with the strategic blend of “professional services” and a wide “range of business activities,” the sky isn’t the limit; it’s just the beginning!

For “foreign ownership” and “corporate shareholders” alike, the “Ras Al Khaimah Free Zone Company Formation” might sound like a mouthful, but it’s a piece of cake with the right guidance. And don’t forget those sweet “tax advantages” RAK offers. Yum!

Our journey to secure the coveted RAKEZ license, like all epic tales, has been a rollercoaster. The dizzying heights of “business licenses” and the intricate dance of documents might seem overwhelming. Still, with our handy guide, you’re ready to conquer RAK like the business rockstar you are.

Sources


FZBuddy aims to provide accurate and reliable information as you navigate the UAE Freezone space. As such, our writers refer to primary information sources in supporting each article appearing on this website. These include, but are not limited to, published news articles, government portals, research papers, and more.

  1. Welcome To RAKEZ – Supporting Startup Businesses & Company Formation in the UAE. (n.d.). https://rakez.com/en/
  2. Home | The Official Portal of the UAE Government. (n.d.). https://u.ae/en

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