How to get RAKEZ Trade License | A Complete Guide

Introduction

The Ras Al Khaimah Economic Zone (RAKEZ) is one of the most renowned free zones and boasts many companies from different sectors. RAKEZ earned its name for its low-cost setup options and world-class infrastructure, depicting the aims of those who want to establish themselves in the area. The RAKEZ trade license carves out space for flexibility and convenience that is a prerequisite for any trading concern, be it import, export, or local distribution. Assisting entrepreneurs at every stage, Arnifi is a tried and tested business setup partner that simplifies the process of RAKEZ trade licensing and helps them establish and grow with confidence.

What is a RAKEZ Trade License?

The RAKEZ trade license is an official license that allows any company to legally engage in trading operations within Ras Al Khaimah Economic Zone. If you wish to engage in importing stuff into the UAE, exporting somewhere abroad, or just directly selling to the consumer, then obtaining this license is definitely the very first and most important step.

RAKEZ offers two primary types of trade licenses:

1. General Trading License:

A general trading license allows companies to trade in practically any type of good across multiple industries, such as electronics, furniture, food, and personal care; thus, it is for entrepreneurs wishing to diversify.

2. Specific Trading License:

Specific trading licenses allow you to specialize in the type of goods that you deal in, for example, automotive parts, construction materials, or beverages. A RAKEZ Trade License grants a company the unique permission to engage in commercial and industrial activities such as importing and exporting, wholesale distribution, and retail sales within the local market. 

This is great for companies in retail, wholesaling, and logistics, as well as e-commerce, and allows companies to streamline their processes to be more efficient in reaching the customer.

There are a lot of licenses to choose from, which may seem a bit complicated. That’s where Arnifi steps in. Our consultants carefully evaluate your business model, help you select the most appropriate RAKEZ trade license, and prepare all required paperwork, so you can concentrate on launching your venture.

Benefits of Obtaining a RAKEZ Trade License

A RAKEZ trade license opens the door to a range of advantages for new and established businesses alike. Here are some key benefits:

100% Foreign Ownership:
Unlike mainland setups, RAKEZ allows you to own your company entirely, no need for a local sponsor.

Tax-Free Environment:
RAKEZ companies pay no corporate tax, income tax, or import duties, allowing you to reinvest your profits.

Setup and renewal fees
RAKEZ are well below those in pretty much any free zone in Dubai or Abu Dhabi, thereby turning it into a highly cost-effective area to set up a trading company.

Access to UAE and Global Markets
RAKEZ is located in close proximity to airports and seaports, and the RAKEZ facility enjoys swift access to both regional and international trade routes.

Flexible Business Options:
Whether you’re trading within the UAE or overseas, RAKEZ trade license holders face minimal restrictions.

Modern Infrastructure:
Here companies can access office space suitable for their comfort, warehouses, and logistics facilities to improve their operations.

Simplified Setup Process:
RAKEZ keeps licensing procedures straightforward, with faster approvals and less paperwork compared to other jurisdictions.

And most importantly, Arnifi is here to help you leverage all these perks. Our team supports you throughout the entire setup process, from choosing the right RAKEZ trade license to maximizing tax and cost efficiencies.

Cost of a RAKEZ Trade License

When you plan to set up a company in RAKEZ, one of the first questions is, what will it cost? Here’s a simple overview:

General Cost Breakdown:

• Trade License: AED 10,000 to AED 25,000, depending on whether you choose a general or specific trade license.
• Office Space: Virtual offices and flexi-desks are the most budget-friendly; warehouses and private offices cost more.
• Visa Packages: Typically AED 3,000 to 5,000 per visa for investors and staff.

Factors Affecting Cost:

• License Type: General trading licenses are slightly more expensive than specific trading licenses.
• Number of Visa Quotas: More visas mean higher overall fees.
• Office Space: Flexi-desks and virtual offices help keep setup affordable, especially for startups.
• Additional Services: Document attestation or PRO services add to the overall cost.

RAKEZ vs. Other Free Zones:
RAKEZ is considerably more affordable compared to free zones in Dubai or Abu Dhabi. Plus, RAKEZ offers startup-friendly packages that cater to small and medium-sized companies.

Arnifi’s Role in Keeping it Cost-Effective:
At Arnifi, we help you control your setup expenses. The transparent pricing and custom packages mean you pay only for what you truly require, not more than a dirham. Be it the choice of a virtual office, getting the right license, or cutting visa fees, we make the math easy to help you decide wisely.

Steps to Apply for a RAKEZ Trade License

Applying for a RAKEZ trade license is straightforward if you know the process. Here’s a breakdown of the key steps:

Step 1: Choose Your Business Activity & License Type
Your first task is deciding which business activity to pursue: general trade or specific products. Arnifi’s consultants help you navigate RAKEZ’s activity list and select the most appropriate license for your goals.

Step 2: Pick an Office Space
RAKEZ offers virtual offices, flexi-desks, private offices, and warehouses. Choosing the right space depends on your business size and budget. Arnifi will recommend a cost-effective setup that suits your operations.

Step 3: Gather Required Documents
Prepare passport copies, proof of address, Emirates ID, and a simple business plan. Arnifi checks all your paperwork to avoid mistakes or omissions that can cause delays.

Step 4: Submit Application & Pay Fees
Your application is then submitted to RAKEZ, either online or in person, along with payment of the trade license and registration fees.

Step 5: Obtain the RAKEZ Trade License & Start Trading
Once approved (usually within a few working days), you’ll receive your RAKEZ trade license and can begin trading. Arnifi can also help you open a company bank account, apply for visas, and handle all your post-setup paperwork.

Office Space Options for RAKEZ Trade License Holders

RAKEZ offers flexible workspaces for every kind of business. Options include:

Virtual Office:
A cost-effective solution that allows you to register a business address without the need for physical premises.

Flexi-Desk:
A shared desk facility ideal for startups that want a professional workspace without high rental fees.

Standard Office:
A dedicated private office that provides room to grow as your team expands.

Warehouses:
RAKEZ also offers spacious warehouses for companies that require inventory storage or light industrial operations.

Each setup option is priced according to size and facilities. Arnifi can help you select the most suitable and cost-effective workspace so you can focus on running your business without worrying about overheads.

Benefits of Partnering with Arnifi for RAKEZ Trade License Setup

Setting up a RAKEZ trade license is easier with a trusted partner. Here’s why Arnifi is your best choice:

Expert Guidance:
With years of experience, our consultants know the ins and outs of RAKEZ’s requirements and licensing process.

Personalized Support:
Every business is different. Arnifi offers tailored solutions that fit your goals and your budget.

Smooth Application Process:
We handle your paperwork, coordinate with RAKEZ, and ensure approvals come through promptly.

Cost Efficiency:
We help you pick the most affordable license and workspace to control your setup expenses.

Post-Setup Support:
From visa processing to PRO services and bank account setup, Arnifi stays by your side long after the trade license is in hand.

Proven Success:
Dozens of happy clients have successfully obtained their RAKEZ trade license with our help. Don’t take our word for it, read their glowing testimonials!

Comparison of RAKEZ Trade License with Other UAE Free Zones

When compared with other UAE free zones, RAKEZ shines for its cost-effectiveness and flexibility.

RAKEZ vs. Dubai Free Zones:
RAKEZ trade licenses and offices are more affordable, making them especially suitable for small and medium-sized businesses.

RAKEZ vs. Abu Dhabi Free Zones:
RAKEZ has simpler setup procedures and allows a wider range of business activities, including trading across the UAE.

RAKEZ vs. Sharjah Free Zones:
RAKEZ offers world-class infrastructure and competitive licensing packages that give companies an edge in reaching international clients.

Overall, if you want an affordable, straightforward, and growth-oriented trade license setup, RAKEZ is a smart choice, especially with Arnifi guiding you.

Common Challenges

Arranging for a trade license can have some hurdles in the way. Some of the hurdles common in obtaining one are: 

• Choosing the correct type of license
• Getting the right set of documents prepared
• Visa requirements and fees
• Delay resulting from incomplete or false information

Arnifi which takes away the headache. Our team hears you and understands your goal to recommend the right license and visa packages and have all documentation checked thoroughly prior to submission. And they will give you a cost-benefit analysis so you won’t encounter any surprises. With Arnifi’s complete hands-on support, you will find the setup process easy to walk through, and you will be supplied with your RAKEZ trade license without a hitch.

Conclusion

A RAKEZ trade license offers that unusual mix of cost-efficiency, flexibility, and global reach. From a low-cost start-up to zero-tax trading, RAKEZ lets you advance your business hassle-free.

By teaming up with Arnifi, you not only get a trade license but also a trusted advisor who considers the long-term success of your business. We fill the gaps in the process to save you time and money in favour of letting you focus on what you do best.

Are you willing to go further? To get customized support in setting up your RAKEZ trade license, reach out to Arnifi today. We’ll be able to help you with confidence in setting up and growing your business.
Get a free consultation now!