Why Affordable Free Zones Are Becoming a Top Choice for Businesses

RAKEZ, or the Ras Al Khaimah Economic Zone, is one of the most affordable free zones in the UAE. The set-up costs, minimal bureaucracy, and a tax-friendly environment make it one of the best places for starting a business. 

Apart from that, Rakez Business setup is opted for by many business founders as they provide a secure business licence at a fraction of the cost as compared to other large free zone areas. A typical package for starting a business in Rakez usually varies between AED 5,000 and AED 10,000 per year. 

So, it can be well understood that such affordability is actually the most important reason for small businesses to choose this site for their business. 

Supports a Wide Range of Business Activities 

The UAE has over 40 free zones available for companies to conduct business, and some of the records show that the numbers are continually increasing. However, among all such free zones, the Rakez is known for its wide range of supporting business activities, which support over 50 different business sectors. 

Some of the business types that are allowed to operate in Rakez are: 

• Trading 
• Consultancy 
• Education
• Media
• Industrial Manufacturing 

Therefore, an entrepreneur can start a range of businesses consolidated under a single licence. The single licence means that additional costs for registering multiple classes of business for the owners are reduced. This kind of advantage is not available in most of the free zones in the UAE. 

Provides Better Connectivity 

Rakez business setup is becoming popular among entrepreneurs due to its strategic location and accessibility. Therefore, if you are a registered business here, you can easily access the major seaports, international airports, and highways, which ensure smooth logistics for trading and manufacturing companies. 

Therefore, businesses operating here can save a significant amount of costs, which is applicable due to proximity to the key locations. Ports and key locations that are accessible for logistics transportation are: 

• Saqr Port 
• Ras Al Khaimah International Airport 
• Port of Ras Al Khaimah 

Flexibility for Opening an Office 

The free zones are known to provide costly office spaces, but at Rakez, you can get multiple solutions, such as: 

• Shared workstations or flexi-desks 
• Private offices 
• Warehouses (for production of materials)
• Industrial land plots for registered long-term businesses

At Consulting.AE, you can get some of the best recommendations and help for office space leasing, commercial property purchases, activity-specific permits and many more. Thus, with Consulting.AE by your side, you face minimal complications regarding business setup and operations. 

Understanding the Benefits of Rakez 

Rakez is also known to provide multiple incentives for small and large business owners. They are: 

• 100% foreign ownership 
• Full profit repatriation 
• Zero corporate or personal income tax (a tax haven-like approach)
• Export or Import duties are not applicable 

Therefore, all these facets make Rakez a prime location for setting up business, and these incentives are not available for all the free zones in the UAE. 

Final Words 

Rakez has made itself into one of the most reputed business free zones in the UAE, thanks to its strategic location and cost-effective business setups. The combination of low-entry packages and long-term advantages of the company makes it one of the best places for every aspiring entrepreneur. 

Combined with tax incentives and zero duties on import and export, the Rakez free zone is going to be one of the most effective spaces for business.