FreezoneMatch

Ras Al Khaimah Economic Zone

Ras Al Khaimah Economic Zone — Affordable Trading & Industrial Hub Starting from AED 7,500

AED 7,500 /year 5-14 working days setup 50 visas

What is Ras Al Khaimah Economic Zone?

Merged RAKIA and RAK FTZ into one mega-zone. One of UAE's most affordable and versatile free zones, popular with SMEs and industrial companies.

Merged RAKIA and RAK FTZ into one mega-zone. One of UAE's most affordable and versatile free zones, popular with SMEs and industrial companies.

Key Features & Benefits

  • 100% foreign ownership
  • 0% corporate/income tax
  • One of the most affordable UAE free zones
  • 15,000+ companies
  • Industrial plots and warehouses available
  • RAK located 45min from Dubai

Pricing & Costs

From AED 7,500/yr

Year 1 costs, renewals, and multi-year discounts

Pricing

Ras Al Khaimah Economic Zone — Year 1 Fees

License Packages ⓘ

Starter Package (no visa)

AED 7,500/year
  • License
  • Registration

Business Package (2 visas)

AED 16,000/year
  • License
  • 2 visas
  • Flexi desk

Industrial Package

AED 25,000/year
  • License
  • Warehouse
  • 3 visas

💡 Multi-year licenses (2–3 years) are eligible for a 15–20% discount when paid upfront.

Government Immigration Fees ⓘ

Visa Costs every 2 years, per person

Renewal Fees ⓘ

Yearly
License Renewalⓘ AED 3,000 – 3,000
Every 2 Years
Visa RenewalⓘEvery 2 years (per person) AED 1,600 – 3,500

All prices are in AED and exclude 5% VAT where applicable. Prices may change — contact the FreezoneMatch team directly to confirm latest rates. (Prices last updated: 12 February 2026)

Setup & Documents

5-14 days

Step-by-step process, timeline, and required documents

Setup Roadmap

Your journey from application to fully operational business.

5–14 working days 100% Remote No Visit Required
📋
Step 1 1 day

Choose Business Activity

Select your business activity and license type from Ras Al Khaimah Economic Zone's approved list

📄
Step 2 1-2 days

Reserve Trade Name

Submit trade name application for approval

💳
Step 3 1-2 days

Submit Documents

Upload passport copies, application form, and supporting documents

✅
Step 4 1 day

Pay License & Registration Fees

Complete payment for license and registration fees to Ras Al Khaimah Economic Zone

🛂
Step 5 5-14 days

Receive Trade License

License issued after document verification and payment confirmation

🏦
Step 6 2-4 weeks

Apply for Visa & Open Bank Account

Submit visa application and business bank account opening

🎉

You're Open for Business!

Document Checklist

Everything you need to register your company with Ras Al Khaimah Economic Zone.

Individual Shareholders

5 documents

  • Valid passport (6+ months validity)
  • Passport-size photograph
  • Emirates ID (if UAE resident)
  • Proof of address (utility bill <3 months)
  • NOC from current sponsor (if applicable)

Corporate Shareholders

7 documents

  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Board resolution authorizing UAE setup
  • Valid passport of authorized signatory
  • Share certificate
  • Good standing certificate
  • Apostilled/attested documents (if outside GCC)
Good to Know
  • Passport copies must show at least 6 months validity from application date
  • Documents from outside the GCC may require apostille or attestation
  • Upload high-quality colour scans — minimum 300 DPI
  • Corporate documents should be certified as true copies

Banking & Payments

3/5 ease · 3 partner banks

Bank account opening, partner banks, and payment setup

Banking

Corporate bank account opening with guaranteed IBAN.

★★★ ★★ Moderate
3 Partner Banks
2-4 weeks Account Opening

Partner Banks

Emirates NBD

Major UAE bank with comprehensive business banking

Mashreq Bank

Digital-first banking with StartUp packages

RAKBANK

SME-friendly banking solutions

Documents Needed

Trade License
Certificate of Incorporation
Memorandum & Articles of Association
Passport copy of all shareholders
Emirates ID (if UAE resident)
Brief company profile
Proof of business activity (contracts, invoices)
3 months personal bank statement
Tips for Faster Approval
  • Apply to 2–3 banks simultaneously to maximise approval chances
  • Prepare a clear business plan explaining your revenue model
  • Have 3–5 sample contracts or invoices ready — even drafts work
  • Consider digital banks like Wio for faster approval and zero minimum balance
Independent Advice

Not sure if Ras Al Khaimah Economic Zone is right for you?

Talk to an unbiased FreezoneMatch advisor. We'll help you compare options, avoid hidden costs, and find the best fit — completely free.

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Why Ras Al Khaimah Economic Zone?

8 key advantages

Key advantages that set this free zone apart

Why Ras Al Khaimah Economic Zone?

What makes this free zone stand out.

⚡

5-14 Day Setup

Standard company formation timeline. Fully remote setup available — no office visit required.

🏦

3 Partner Banks

Banking rated 3/5 (Moderate). Account opening typically takes 2-4 weeks.

👥

Up to 50 Visas

2 years validity. Dependents allowed. Flexible allocation based on package.

💰

0% Corporate Tax

On qualifying free zone income (QFZP status). 100% foreign ownership with full capital repatriation.

🌍

Mainland Trading Access

Multiple pathways to the mainland market including DET Permit and branch licensing.

📍

RAK Location

Located in Ras Al Khaimah, 45 minutes from Dubai, with industrial and business park facilities

🏢

One of the most affordable UAE free z...

A key advantage of setting up your business in Ras Al Khaimah Economic Zone.

🔧

15,000+ companies

A key advantage of setting up your business in Ras Al Khaimah Economic Zone.

Best For
  • Management and business consultants
  • General trading companies
  • Manufacturing and industrial companies
  • E-commerce and online retail businesses
  • Education and training providers
Consider Alternatives If
  • Solo freelancers or consultants (more affordable options exist)
  • Businesses requiring a Dubai or Abu Dhabi address for prestige

Reviews

7 common questions

Customer reviews and alternatives

Is Ras Al Khaimah Economic Zone Right for You?

✅ Choose Ras Al Khaimah Economic Zone if you...

  • • management and business consultants
  • • general trading companies
  • • manufacturing and industrial companies
  • • e-commerce and online retail businesses

🔄 Consider alternatives if you...

  • • solo freelancers or consultants (more affordable options exist)
  • • businesses requiring a Dubai or Abu Dhabi address for prestige

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FAQ

7 common questions

Common questions about setting up in this free zone

Frequently Asked Questions

Common questions about setting up in Ras Al Khaimah Economic Zone.

How much does it cost to set up in Ras Al Khaimah Economic Zone?
First-year costs typically range from AED 7,500 – 40,000, depending on license type, office choice, and number of visas. This includes the trade license, registration, and basic setup but excludes visa processing costs.
How long does it take to set up a company in Ras Al Khaimah Economic Zone?
The standard setup process typically takes 5-14 working days, depending on document completeness and license type. Some zones offer expedited processing for an additional fee.
How many visas can I get with Ras Al Khaimah Economic Zone?
Visa allocation depends on your office space and package. Based on package and facility size. Each visa costs approximately AED 1,600 – 3,500 for processing.
Can I sell to mainland UAE customers with a Ras Al Khaimah Economic Zone license?
Free zone companies cannot directly sell to mainland customers without additional permits. You can obtain a DET permit, mainland branch license, or service agent agreement to access the mainland market. E-commerce sales are generally permitted with appropriate approvals.
Do I pay corporate tax in Ras Al Khaimah Economic Zone?
Companies classified as Qualifying Free Zone Persons (QFZP) benefit from 0% corporate tax on qualifying income. Non-qualifying income is subject to the standard 9% UAE corporate tax rate. Personal income tax remains 0%.
Do I need a physical office in Ras Al Khaimah Economic Zone?
No, Ras Al Khaimah Economic Zone offers flexi-desk and virtual office options that satisfy UAE compliance requirements. You can upgrade to a private office or warehouse as your business grows.
How do I open a bank account with a Ras Al Khaimah Economic Zone license?
After receiving your trade license, you can apply for a business bank account with any UAE bank. The process typically takes 2-4 weeks. Required documents include your trade license, certificate of incorporation, passport copies, and proof of business activity.
Independent Advice

Not sure if Ras Al Khaimah Economic Zone is right for you?

Talk to a FreezoneMatch advisor — we don't work for any freezone, so you'll get honest, unbiased guidance to find the best fit for your business.

WhatsApp Quick reply
Book a Call Free, 15 min
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Or contact Ras Al Khaimah Economic Zone directly

www.rakez.com
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