RAKEZ Freezone – A Comprehensive Guide You Should Know
When you are living on a 9 to 5 Job, there is one thing for sure you will make both ends meet. There would be little to no savings, and your life would be surrounded by the grind. In this case, there is one thing that can save your sinking boat, and it is business. No matter whatever the size, a startup, or a business setup helps you feel the luxuriousness of life.
It saves you some bucks, and also gives you the freedom to enjoy the essence of privileged life. In this case, the best option is to build a company and kick-start your business journey. However, if you are thinking about starting your own business while living in Ras Al Khaimah, the best option is to connect yourself with a business partner, who pave a business journey for you.
In this case, the best option is RAKEZ Freezone, one of the leading business powerhouses in the town. It is one of the largest economic zones that offers business solutions to budding entrepreneurs. So, if you have any business ideas, and you need the support of a partner that can help you turn your business dreams into reality, the RAKEZ Freezone is your go-to option.
What is RAKEZ Freezone?
It is a business and economic zone that offers business solutions to people seeking business partnerships. It is a UAE-based company with a multinational community that supports people in their business journeys. The best thing about this free zone is the business culture they have built over time, where you can present your business idea, and the team brings multiple solutions to the table for you.
In addition, the free of Rakez also offers business licensing solutions, visa services, residential license services, and much more to help people living in Ras Al Khaimah enjoy the residential life along with the growing business landscape in the area.
Why Choose RAKEZ Al Khaimah?
As we all know the economic zone is open to business owners, but it is essential to know that the platform is much more than this. It also helps customers with licensing services, visa applications, and residential services to continue their lives in Ras Al Khaimah. But now, the question is why should someone choose them for economic or business support.
To get the answer, read the blog till the end
Multinational Community Support
At this business platform, you will find a community of people connected with different nationalities. You can make good use of their nationality benefit to find relevant solutions for your business. They bring you the favor of their connections and help you expand your business landscape within the state, and in the international market as well.
Business Licensing Services
For starting a business in Ras Al Khaimah, the first thing that you need is business licensing. For this purpose, the platform helps you with legal procedures and compliance. They use their resources and the service benefit to equip you with a business license.
Rakez Business Setup Options
There are different business setup options that you can choose from. We will explain the options below so you can understand them in detail.
Free Zone
The first type of business setup option that is a must to discuss is the free zone. When we talk about RAKEZ Free Zone it means that there is a legal entity that is established in the range of a designated zone like RAKEZ. You need to have a foreign ship permit for it and it operates within the free zone. The benefit of starting a business here is that you do not have to pay any added taxes with it.
If we talk about suitability then all the businesses that are involved in any sort of trading, e-commerce services, and trading can choose this type. This will turn out to be extremely advantageous for them for sure.
Non-Free Zone
A non-free Zone is the next business setup type that has to be mentioned here. It is quite obvious that the companies that work under the non-free zone are registered under RAKEZ but they do not operate under the free zone. These companies may need to have local sponsorship because that will make it easier for them to operate. They will have to follow all the local regulations. They may also get to have certain advantages that are attached to RAKEZ.
Talking about the suitability of the non-free zone businesses, certain businesses need to be mentioned. For example, the non-free zone is suitable for businesses that can benefit outside the non-free zone like the local markets or also those companies that have some license requirement.
Branch Office
This is a slightly different business setup option that people often do not understand. The branch office business means that it will be an extension of any foreign company that is already existing but is established in RAKEZ.
Some of the key characteristics of it include the representation of the parent company within the boundaries of the free zone. It works under the same legal structure as the parent company. Lastly, it might have limited liability.
Bottom Line
If you are planning to begin your own business and you want to make it a successful one then you should start your business under the RAKEZ Free Zone. They are going to assist you with starting your business and not only that but they will also assist you with the whole licensing procedure.
That being said, If you want any further assistance with it you can connect with Abu Nahyan and they will make things even easier for you. So you should hit them up and make your business dreams come true.
FAQs
Is It a Good Idea To Open a Business In the Rakez Free Zone?
Depending upon what business you are starting, yes it can turn out to be a good idea.
What Services Do They Provide?
They provide you with licensing, business solutions, and residential permits.
