How much does it cost to set up a company in Ras Al Khaimah Economic Zone (RAKEZ)?
Indicative setup in RAKEZ starts from around AED 5,999. Your final cost depends on the number of residence visas (roughly AED 3,500–5,500 each), whether you need a physical office, and your specific business activity. Free zones also run regular promotions, which we pass on — so your quote is often lower than the starting figure.
How long does RAKEZ company formation take?
Licensing in RAKEZ typically takes 3–7 working days. Adding residence visas and opening a corporate bank account can take a little longer.
Can I set up in RAKEZ from India without travelling?
Yes — the RAKEZ licence can usually be arranged remotely. If you take a UAE residence visa, a short visit is normally needed for medical testing and Emirates ID biometrics.
Is RAKEZ a VAT designated zone?
RAKEZ is a standard free zone rather than a VAT designated zone. This rarely matters for service businesses; if you trade physical goods we’ll advise whether a designated zone would suit you better.
Can I open a UAE bank account with a RAKEZ licence?
Yes. A RAKEZ licence makes you eligible to apply for a UAE corporate bank account. Approval depends on your activity, documents and profile — we point you to the banks that tend to open most smoothly for RAKEZ companies.