There are more than 40 active free zones in the UAE that offer the best facilities and activities for investors. When it comes to initiating the process of business setup in the UAE, picking the right free zone becomes tougher amidst this abundance of choice. However, Ras Al Khaimah Economic Zone (RAKEZ) has succeeded in attracting foreign investment by offering highly competitive business setup packages.
The business setup packages offered by RAKEZ are cost-effective and packed with a wide range of incentives and benefits. The free zone even offers certain unique packages that not many free zones in the region provide, such as the women entrepreneurs package and e-gaming package. Moreover, RAKEZ is situated in Ras Al Khaimah, where the cost of doing business and living is cheaper than other emirates in the UAE. Business set up consultants in the UAE can help you select the company formation package that suits you the best.
Meanwhile, curious minds can browse through this blog to get a glimpse of what RAKEZ offers for entrepreneurs. Let’s explore.
RAKEZ Women Business Package
RAKEZ is the first and only free zone to offer an exclusive business setup package for women entrepreneurs in the UAE. The package starts from a competitive rate of AED 6,200 per year. The package comes with a trade license, facilities and other benefits including eligibility for a UAE residency visa, option for a zero-balance bank account, two free additional activities and a 25% reduction on employee & dependent visas.
My Business Package
My Business Package is one of the most cost-effective business packages in the UAE starting from AED 11,500 per year. The package includes a one-year license & establishment card, a three-year UAE visa & status change, and medical and Emirates ID. Additional incentives include a 25% discount on dull dependent visa packages.
E-commerce Package
E-commerce turned out to be a Sunrise Sector in the UAE in the post-pandemic era and promises long-term growth prospects. As per the latest report by Euromonitor, the value of UAE’s e-commerce market surged 53% to hit USD 3.9 billion in 2020. It is expected to hit USD 8 billion by 2025. Due to these high growth prospects, the RAKEZ E-commerce package is in high demand.
The package comes with incentives such as up to two free UAE visas, two free additional activities worth AED 4,000. The entrepreneurs can have access to co-working spaces, serviced spaces, standard offices, and warehouses that are part of this package. Business set up consultants in the UAE can guide you further about the package.
RAKEZ E-Gaming Package
The RAKEZ e-gaming business set-up package starts from AED 7,725 with access to 18 e-gaming core and support service activities. Investors are allowed to choose up to three activities in their primary licence with access to RAKEZ Compass Coworking Centre. The package offers the same renewal rate for life and a free three-year residency visa.
Initiating the process of business setup in the UAE with RAKEZ e-gaming package is a lucrative prospect as the global gaming industry is forecast to reach USD 200 billion by 2023. The GCC gaming market is estimated to reach USD 821 million in 2021 with the number of Middle East gamers exceeding 100 million. Furthermore, the UAE ranks as the 35th largest gaming market in the world in terms of revenue based on figures from 2019.
RAKEZ Virtual Education Package
Providing education services and training sessions through online platforms is the new norm in the Covid-19 era. The virtual education sector has since become a Sunrise Sector as most schools and training centres across many parts of the world remain shut. RAKEZ identified the profitability of the sector and launched the Virtual Education Package starting from AED 10,500. The package caters to activities including virtual tutoring, virtual training, virtual education consultancy, and virtual test preparation.
Entrepreneurs get incentives such as one year & three-year package options and free access to RAKEZ Compass centre, which is their free zone’s business centre. Virtual Education package offers other benefits including a free all-inclusive visa for a three-year package, the same renewal rate guaranteed for life, and instalment plans for payment.
RAKEZ SME Package
RAKEZ is an industrial power hub that facilitates a cost-effective process of business setup in the UAE for small and medium enterprises (SME’s). RAKEZ SME package starts from as low as AED 8,240 with multiple year visa packages. The package includes access to co-working spaces, serviced offices, customisable offices, standard offices, and serviced offices. RAKEZ offers a 50% discount on additional business activities in this package.
RAKEZ Global Product
RAKEZ Global Product (RGP) is a mid-shore free zone company set-up option that permits hassle-free new company incorporation or migration of an overseas company through approved Corporate Service Providers in the UAE. The license types allowed in this product include Commercial, Services, E-commerce, Media, General Trading, Education or Industrial licenses. Companies will have access to a shared workstation, dedicated workspace in a shared office, or executive offices. The package comes with attractive leasing rates.
Business Setup Consultants in the UAE Can Help you to Choose a Package
Cost-effectiveness, wide range of activities and access to facilities are the core attractions of the business setup packages designed by RAKEZ. The packages make the process of business setup in the UAE easier as they are tailor-made for the individual needs of investors. However, seeking the assistance of business setup consultants in the UAE such as Jitendra Business Consultants (JBC) will come in handy in choosing the package best suited for you. JBC can guide you about the costs, visas, and mandatory documents associated with each package. We can also guide you regarding any possible hidden costs. Leave all the processes to us and build your business goals in peace.