RAKEZ Business Setup Guide

Costs, Documents Required, Approval Time, Packages and More

Setting up operations in the United Arab Emirates is an exciting time for any business, but it also comes with plenty of questions and some administrative requirements. But this is where Ras Al Khaimah Economic Zone, or RAKEZ, steps in.

RAKEZ specialises in providing cost-effective business setup solutions in Ras Al Khaimah, and our team is available to assist business owners throughout the process. Even so, at an early stage of the journey, it's normal to have many questions, the most common of which we tackle in the article below.

How much does it cost?

RAKEZ offers among the most competitive business setup packages in the UAE. But we're not focused on a one-size-fits-all solution. Instead, we've designed a range of options with add-on services to suit various budgets.

RAKEZ offers a starter package that will get your business venture started for just AED 6,000 annually, with the price guaranteed for three years.

Our all-inclusive package, priced at AED 16,500, provides additional benefits and services for those looking for a comprehensive solution.

What packages or offers do you have available?

Every business has unique requirements, which is why we avoid single-package solutions. Instead, we've made our business setup packages flexible. This lets you choose the licenses, services, and facilities that best meet your needs.

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RAKEZ experts are happy to guide you through the options to ensure you pick the best package - and, if necessary, customise it to your needs.

Among our most popular packages is our VISA Free for Life option. This package combines two of the most important aspects of starting a business in the UAE - an appropriate license and UAE visa eligibility.

Our team is available to help you learn more about our packages and the benefits they will offer your business.

What office space do I need?

You'll need a dedicated office space to obtain a UAE bank account. RAKEZ can help with this process, and we offer various office spaces and facilities that cater to different needs.

Our office options include:

Serviced offices: These are fully furnished and equipped, with shared amenities.
Standard offices: Office spaces you can customise to reflect your brand identity.
Executive offices: Prestigious office spaces with high-end finishes.
Shell and core offices: Unfinished spaces that allow for personalised layout.
Warehouses: For businesses that need storage or manufacturing facilities.

We also offer a shared workspace at the Compass Coworking Center if you're after a cost-effective solution. You'll find a welcoming setting with open and private workspaces, meeting rooms, event spaces, and even a recording studio. And with flexible membership options and affordable rates, the Compass Coworking Center provides an excellent foundation for your business growth.

What documents do I need?

RAKEZ will help you streamline the documentation process for setting up your business in the UAE. We'll help you gather all the necessary documents to ensure everything runs smoothly and efficiently. We've also produced a comprehensive checklist outlining the documents you'll need.

How quickly can I get approval?

Approval time depends on the package you choose. If you don't require a visa, approval time can be as short as four days. Packages that require visas don't take much longer, but you can expect approval to take up to 18 days. Regardless, our team will guide you through the approval process and ensure minimal delays.