Complete Guide to RAKEZ Free Zone Company Setup Costs
Setting up a business in the Ras Al Khaimah Economic Zone (RAKEZ) offers numerous advantages, including 100% foreign ownership, tax exemptions, and easy company registration. However, understanding all the costs involved can be challenging. Our comprehensive RAKEZ free zone company setup cost calculator helps you estimate all expenses accurately.
Key Cost Components in RAKEZ
| Cost Component |
Approximate Range (AED) |
Description |
| License Fees |
15,000 - 50,000 |
Depends on activity and company type |
| Visa Costs |
5,000 - 7,000 per visa |
Includes medical, Emirates ID, and visa stamping |
| Office Space |
12,000 - 100,000+ |
Flexi desk to private offices and warehouses |
| Additional Services |
2,000 - 20,000 |
Legal translation, attestation, etc. |
Benefits of Setting Up in RAKEZ
- Cost-effective: Compared to other UAE free zones, RAKEZ offers competitive pricing
- Strategic location: Easy access to UAE markets and international shipping routes
- Diverse business activities: Wide range of permitted activities across sectors
- Quick setup: Company can be established in as little as 3-5 working days
- Flexible options: From flexi-desks to large industrial spaces
RAKEZ vs Other Free Zones: Cost Comparison
When compared to other free zones in the UAE like DMCC or DIFC, RAKEZ typically offers:
- Lower license fees (20-30% less than Dubai free zones)
- More affordable office space options
- Competitive visa pricing
- Flexible payment plans for setup costs
Practical Example: IT Company Setup
Let's consider a practical example of setting up an IT consultancy in RAKEZ:
- Professional License: AED 18,000
- Flexi Desk (1 year): AED 12,000
- 2 Employee Visas: AED 12,000 (AED 6,000 each)
- Document Attestation: AED 2,500
- Bank Account Assistance: AED 3,000
- Total Estimated Cost: AED 47,500
This example demonstrates how our RAKEZ free zone company setup cost calculator can help you plan your business setup budget accurately.
Tips to Reduce RAKEZ Setup Costs
- Opt for a flexi-desk or shared office if you don't need private space
- Apply for multi-year licenses to get discounts
- Bundle services with approved service providers
- Consider off-peak seasons when demand is lower
- Use our calculator to compare different scenarios
Frequently Asked Questions
1. What is the minimum cost to setup a company in RAKEZ?
The minimum cost depends on your business activity and requirements. A basic freelancer permit can start from AED 7,500, while a trading company might cost from AED 15,000 upwards including license and flexi-desk.
2. How long does it take to setup a company in RAKEZ?
The company registration process typically takes 3-5 working days for most activities, provided all documents are in order. Some specialized activities may take longer.
3. Can I get a RAKEZ license without office space?
Yes, RAKEZ offers flexi-desk options that satisfy the office requirement at a lower cost. Some activities may also qualify for virtual office solutions.
4. What documents are needed for RAKEZ company setup?
Typically you'll need passport copies, business plan, CVs of shareholders, and possibly additional documents depending on your activity. Our
RAKEZ portal has detailed requirements.
5. Can I sponsor family members with a RAKEZ company?
Yes, as a RAKEZ company owner, you can sponsor family members once you meet certain salary requirements (typically AED 4,000-5,000 minimum).
6. How much does a RAKEZ visa cost?
RAKEZ visa costs vary but typically range between AED 5,000-7,000 per person per year, including medical, Emirates ID, and visa stamping fees.
7. What is the RAKEZ contact number for inquiries?
You can contact RAKEZ at +971 7 204 1111 or visit their website at
www.rakez.com.
8. Can I change my business activity after setup?
Yes, but it may involve additional fees and approval processes depending on the new activity. It's best to select the most appropriate activity initially.
9. Is there a list of RAKEZ free zone companies available?
RAKEZ doesn't publish a full list of companies, but you can search for specific companies through their
portal if you have the license number.
10. What are the most popular RAKEZ license activities?
Popular activities include general trading, IT services, consultancy, media, education, healthcare, and industrial activities. The
RAKEZ free zone license activities list is extensive.
Recent Trends in RAKEZ Business Setup
According to recent data from the RAKEZ news portal, we've observed:
- 15% increase in technology company registrations (2022-2023)
- Growing demand for e-commerce licenses
- More businesses opting for 3-year license packages
- Increased interest from European and Asian investors
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