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CONTENT
INTRODUCTION TO RAS AL KHAIMAH 18 FACILITIES
1 RAS AL KHAIMAH 18 FLEXI FACILITIES
2 WORK, LIVE, PLAY 21 OFFICES
4 CONNECTIVITY TO LOGISTICAL HUBS 22 WAREHOUSES
5 COST-EFFECTIVE DESTINATION 25 LAND FOR DEVELOPMENT
26 STAFF AND LABOUR ACCOMMODATION
INTRODUCTION TO RAKEZ 28 ONE-STOP SHOP
9 WHAT IS RAKEZ?
10 BUSINESS TYPES COMPANY SET-UP
11 COST-EFFECTIVE BUSINESS SOLUTIONS 31 COMPANY SET-UP PROCESS OVERVIEW
12 THE ZONES 32 LEGAL ENTITIES
13 AL HULAILA INDUSTRIAL ZONE 33 LICENCE TYPES
14 AL HAMRA INDUSTRIAL ZONE 34 POPULAR ACTIVITIES PER LICENCE TYPE
15 AL GHAIL INDUSTRIAL ZONE 36 DOCUMENT CHECKLIST
16 RAKEZ BUSINESS ZONE 37 RECEIVE YOUR INVOICE
17 RAKEZ ACADEMIC ZONE 38 RECEIVE YOUR BUSINESS LICENCE
INTRODUCTION TO
RAS AL KHAIMAH
RAS AL KHAIMAH
At the northernmost part of the United Arab Emirates (UAE) lies the beautiful emirate of Ras Al Khaimah, or simply (RAK), one of the seven emirates
that comprise the United Arab Emirates (UAE), along with Dubai and Abu Dhabi.
Less than an hour’s drive from Dubai International Airport, RAK offers a strategic geographical location with easy access to fast-growing markets
across the Middle East, Africa, Europe and South Asia region, making it one of the leading business destinations in the country. The combination of
RAK’s business-friendly environment and cost competitiveness has helped thousands of investors gain a higher return on investment over the years.
LIVE
PLAY
4 RAKEZ BUSINESS GUIDE INTRODUCTION TO RAS AL KHAIMAH
COST-EFFECTIVE DESTINATION
HOUSING RAS AL KHAIMAH COMPARED TO AVERAGE UAE RAS AL KHAIMAH COMPARED TO INTL. CITIES
10,000 12,000
9,360 11,057
10,000
8,000
8,027
8,000
6,000
4,991 6,000
5,068
4,000 3,667
4,000
2,450
2,450
2,000 2,000
0 0
Ras Al Khaimah UAE* Ras Al Khaimah Paris New York London
Average rent per month in AED 3- Bed 1- Bed 1-Bedroom apartment rent per month in AED
Source: www.numbeo.com *Abu Dhabi, Dubai and Sharjah
EDUCATION RAS AL KHAIMAH COMPARED TO AVERAGE UAE RAS AL KHAIMAH COMPARED TO INTL. CITIES
120,000
40,000
36,125
35,000 100,788
100,000 96,027
30,000 29,250
80,000
25,000
59,744
60,000
20,000
15,000 40,000
29,250
10,000 20,000
5,000
0
Ras Al Khaimah Paris New York London
0
Ras Al Khaimah UAE
Primary school average fees per year / 1 child in AED
Premium segment school fees average per year in AED Source: www.numbeo.com
USD 1 = AED 3.65
Source: School Survey, Research and Analysis
INTRODUCTION
TO RAKEZ
INTRODUCTION TO RAKEZ RAKEZ BUSINESS GUIDE 9
WHAT IS RAKEZ?
RAS AL KHAIMAH ECONOMIC ZONE: THE COST-EFFECTIVE INVESTMENT DESTINATION
13,000COMPANIES
100
COUNTRIES
50
SECTORS
10 RAKEZ BUSINESS GUIDE INTRODUCTION TO RAKEZ
BUSINESS TYPES
RAKEZ offers three main options for starting a business, which are:
ZERO TAXATION
100% OWNERSHIP & PROFIT REPATRIATION
ZERO TAXATION
ESTABLISHED IN ASSOCIATION WITH A UAE PARTNER
NON-FREE ZONE DIRECT SALES IN LOCAL MARKET
ENTITY
NO CUSTOMS DUTY FOR SALES IN LOCAL OR GCC MARKETS
SUBJECT TO UAE LABOUR LAW
THE ZONES
SPECIALISED ECONOMIC ZONES
HOSTING OVER 50 SECTORS AL HULAILA
INDUSTRIAL ZONE
2.8 MILLION M2
RAKEZ
BUSINESS ZONE
27,138 M2
AL HAMRA
INDUSTRIAL ZONE RAKEZ
9.3 MILLION M2 ACADEMIC ZONE
3,8 MILLION M2
AL GHAIL
INDUSTRIAL ZONE
28.2 MILLION M2
INTRODUCTION TO RAKEZ RAKEZ BUSINESS GUIDE 13
◾◾ Land space and state-of-the-art warehouses of different sizes for industrial projects
◾◾ Proximity to Saqr Port
◾◾ Flexibility to construct facilities based on business requirements 2.8 MILLION M2
◾◾ Connectivity to multilane superhighways
◾◾ Easy connection with utility and communication providers
◾◾ Availability of on-site staff and labour accommodations
◾◾ Option to build own accommodation on leased land
◾◾ Land plots of various sizes from 2,500 m2
◾◾ Warehouses of various sizes from 200 m2 to 400 m2
1000m
14 RAKEZ BUSINESS GUIDE INTRODUCTION TO RAKEZ
workstations or offices
◾◾ Small to medium-sized private offices
◾◾ Ready or customisable office spaces
P
FACILITIES
CUSTOMISED TO YOUR BUSINESS NEEDS
FLEXI FACILITIES
Flexi facilities are shared workstations, offering startup companies with a low-risk ideal solution.
OFFICES
RAKEZ offers a wide range of office types that are perfect for companies looking to build a permanent presence in the market.
WAREHOUSES
RAKEZ provides spacious, customisable warehousing solution for investors dealing in light and heavy manufacturing, storing of goods and general assembly.
Licence Type ◾◾ Commercial, Services, General Trading, E-Commerce, Media, Visa Services ◾◾ Eligibility to apply for UAE Residence Visas for
Individual / Professional, Tourism, Industrial investor/partner, manager, staff and labourers
Features ◾◾ Available in various sizes starting from 150 m² to Lease Terms ◾◾ One year, renewable annually
unlimited sizes ◾◾ Payment of a full year’s rent at the time of
◾◾ Can be modified with approval from RAKEZ registration or licence renewal
◾◾ Space for loading and unloading consignments ◾◾ 3 years upfront payment is accepted
◾◾ Heat-insulated roof and door
Utility Fees* ◾◾ Electricity: AED 0.45 per kWh
◾◾ Office inside warehouse ◾◾ Water: AED 0.04 per gallon
◾◾ Warehouse height is from 6.5 m² to 7.2 m² * Rates as per Federal Electricity and Water Authority
◾◾ Measurements of the main warehouse gate are
4 m (width) x 4.5 m (height)
◾◾ State-of-the-art fire and safety with
sprinklers system
Incentives ◾◾ Proximity to retail districts and major logistical hubs
◾◾ Provision for on-site staff and labour accommodation
◾◾ 24-hour security and full accessibility
◾◾ Labour, forklifts and cleaning services
(available at extra cost)
◾◾ Easy access to manpower for loading, unloading
and cargo handling
◾◾ Private postal address through Emirates Post
(available at extra cost)
◾◾ Free car park
INTRODUCTION TO RAKEZ RAKEZ BUSINESS GUIDE 25
LABOUR ACCOMMODATION
Size ◾◾ 24.94 m² to 30 m²
Features ◾◾ 4 or 8 people per room
◾◾ Air condition unit
◾◾ Only male staff are allowed
Incentives ◾◾ General toilets and wash-rooms
◾◾ Nearby amenities such as grocery, cafeteria, etc.
◾◾ Option to lease bed space (rent inclusive of utilities electricity and water)
◾◾ 24-hour security
◾◾ Free car park
STAFF ACCOMMODATION
Size ◾◾ 33.10 m² to 36.08 m²
Features ◾◾ Two people per studio unit
◾◾ Furnished and unfurnished studio units
◾◾ Air-conditioned unit
◾◾ Only male staff are allowed
Incentives ◾◾ Nearby amenities such as grocery, cafeteria, etc.
◾◾ 24-hour security
◾◾ Free car park
28 RAKEZ BUSINESS GUIDE INTRODUCTION TO RAKEZ
ONE-STOP SHOP
ACCOMPLISH MORE WITH LESS TIME AND EFFORT
We have established a central location where you can access first-class services in one place.
◾◾ Registration and leasing services ◾◾ Visa services ◾◾ Concierge services
◾◾ Licence renewal services ◾◾ Government support ◾◾ Administrative assistance
◾◾ On-going business support
Customs Department
COMPANY SET-UP
COMPANY SET-UP RAKEZ BUSINESS GUIDE 31
SELECT YOUR LEGAL ENTITY, LICENCE TYPE FILL OUT THE APPLICATION FORM AND RECEIVE YOUR LICENCE AND OTHER
AND FACILITY SUBMIT YOUR DOCUMENTS COMPANY FORMATION DOCUMENTS
LEGAL ENTITIES (see page 32 for more information on Legal Entities) (See page 36 for the complete list of required documents based on your legal entity.) You will receive an email from RAKEZ which contains:
FREE NON-
ZONE FREE ZONE
FREE ZONE ENTITY RECEIVE YOUR INVOICE
Licence
NON-FREE ZONE ENTITY The invoice will be sent to your email or you can also collect it
from our office. Bank Letter
BRANCHES
Certificate of Incorporation
PROCEED WITH PAYMENT
LICENCE TYPES (see page 33 for more information on Licence Types)
Memorandum of Association
Payment can be completed through any of the following methods:
COMMERCIAL INDUSTRIAL
◾◾ Cash at any of the RAKEZ offices in Ras Al Khaimah, Personnel Secondment Agreement
EDUCATIONAL MEDIA Dubai or Abu Dhabi
◾◾ Cheque addressed to Ras Al Khaimah Economic Zone, Partners List (if applicable)
E-COMMERCE PROFESSIONAL submitted to any of the RAKEZ offices in Ras Al Khaimah,
Dubai or Abu Dhabi.
GENERAL TRADING SERVICE ◾◾ Bank transfer to the account detailed on your invoice SIGN YOUR LEASE AGREEMENT AND RECEIVE
YOUR FACILITY KEY (if applicable)
INDIVIDUAL/PROFESSIONAL TOURISM
◾◾ Online, by following the customised link on your invoice
After receipt of payment, RAKEZ will proceed with pre-approval. Upon the issuance of Approach our one-stop shop to sign your lease agreement and
pre-approval, legal documents will be ready for signature. receive your facility key.
FACILITIES (see page 18 for more information on Facility Types)
FLEXI FACILITIES LEGAL DOCUMENTS READY FOR YOUR SIGNATURE
CUSTOMISE YOUR PACKAGE SUBMIT YOUR DOCUMENTS AND RECEIVE YOUR BUSINESS LICENCE
PROCEED WITH PAYMENT
LEGAL ENTITIES
There are several kinds of legal entities from which you can choose:
FREE ZONE LIMITED LIABILITY ESTABLISHMENT (FZE) FREE ZONE LIMITED LIABILITY COMPANY (FZ-LLC)
FREE ZONE ENTITY
◾◾ Sole owner ◾◾ 2-5 shareholders
◾◾ Can be either an individual or a corporate entity ◾◾ Can be individuals or corporate entities, or a
combination of both
LICENCE TYPES
We offer you a wide variety of business licences covering an array of activities:
FREE NON-
ZONE FREE ZONE
INDIVIDUAL / PROFESSIONAL One owner with one activity in a specific specialty or expertise
CUSTOMISE YOUR PACKAGE SUBMIT YOUR DOCUMENTS AND RECEIVE YOUR BUSINESS LICENCE
PROCEED WITH PAYMENT
DOCUMENT CHECKLIST Based on the legal entity you have selected fill out and submit the required documents as shown in the table below.
FREE ZONE NON-FREE FREE ZONE FZE or FZ-LLC NON-FREE ZONE LLC FREE ZONE NON-FREE ZONE
FZE or FZ-LLC ZONE IE or LLC UAE FOREIGN UAE FOREIGN UAE FOREIGN UAE FOREIGN
38 RAKEZ BUSINESS GUIDE COMPANY SET-UP
◾◾ Cash at any of the RAKEZ offices in Ras Al Khaimah, Dubai or Abu Dhabi
◾◾ Cheque addressed to Ras Al Khaimah Economic Zone, submitted to any of the RAKEZ offices in Ras Al Khaimah, Dubai or Abu Dhabi
◾◾ Bank transfer to the account detailed on your invoice
◾◾ Online, by following the customised link on your invoice
After receipt of payment, RAKEZ will proceed with pre-approval. Upon the issuance of pre-approval, legal documents will be ready for signature.
*For Non-Free Zone LLC companies, Memorandum of Association must be signed in front of a notary public.
COMPANY SET-UP RAKEZ BUSINESS GUIDE 39
CUSTOMISE YOUR PACKAGE SUBMIT YOUR DOCUMENTS AND RECEIVE YOUR BUSINESS LICENCE
PROCEED WITH PAYMENT