Useful Information About RAKEZ Business Types For Entrepreneurs

Useful Information About RAKEZ Business Types For Entrepreneurs

RAKEZ, also known as Ras Al Khaimah Economic Zone, is one of the fastest-growing economic free zones in the United Arab Emirates. It offers a wide range of business types and licenses to entrepreneurs looking to establish their presence in the UAE market. In this article, we will discuss some useful information about RAKEZ business types and RAKEZ license that entrepreneurs should know.

Free zone company (FZC):

One of the key business types within Rakez is the Free zone company (FZC). This structure allows entrepreneurs to establish a company with multiple shareholders. The FZC model fosters collaboration and synergy among stakeholders, providing a platform for collective success.

Free zone establishment (FZE):

For those seeking sole ownership and control, the Free zone Establishment (FZE) option is crucial. This business type empowers a single entrepreneur to own and manage the business, facilitating quick decision-making and autonomy in operational matters.

Branch of a foreign company:

Rakez opens its doors to international businesses looking to establish a presence in the region. The option to set up a branch of a foreign company provides a strategic avenue for global companies to tap into the lucrative Middle Eastern markets facilitated by Rakez’s business-friendly environment.

Freelancer permit:

Recognizing the rise of freelancers in the modern workforce, Rakez offers a Freelancer Permit. This business type caters to individuals providing specialized services. It allows freelancers to operate within the free zone, benefiting from a supportive ecosystem and simplified administrative processes.

Industrial licenses:

Rakez isn’t limited to service-oriented businesses; it also accommodates industrial ventures. Industrial licenses within Rakez provide a platform for manufacturing and production activities. This business type aligns with the free zone’s commitment to fostering economic diversity.

Commercial licenses:

Entrepreneurs engaged in trading activities find a home in Rakez’s Commercial Licenses category. This business type encompasses various trading activities, from import and export to general trading, providing a gateway for businesses to thrive in a strategically located free zone.

Education and raining licenses:

Recognizing the importance of education and skill development, Rakez offers specialized licenses for educational and training institutions. This facilitates the growth of the education sector within the free zone, contributing to the overall development of the region.