RAKEZ – Ras Al Khaimah Economic Zone

Overview

RAKEZ is the unified economic zone authority of Ras Al Khaimah, encompassing the former RAK Free Trade Zone and RAK Investment Authority. It is one of the largest and most established freezones in the UAE, hosting over 15,000 companies from more than 100 countries. RAKEZ offers both freezone and non-freezone (mainland) licensing options, giving businesses flexibility in how they structure their UAE operations.

The authority provides industrial land, warehouses, and office space at prices well below Dubai equivalents, making it the top choice for manufacturing, logistics, and cost-conscious service businesses.

Ideal For

RAKEZ is ideal for businesses where cost is the primary concern. Consultants, general traders, e-commerce operators, manufacturers, and education providers all find value here. Companies that need physical warehouse or factory space benefit from RAKEZ’s industrial offerings at a fraction of Dubai rates. It also suits businesses needing up to 50 visas at affordable per-visa costs.

Setup Process

Registration typically takes 5 to 7 business days. The process involves selecting your company type and activity, reserving a trade name, submitting documentation, signing your lease, and receiving your licence. RAKEZ provides dedicated relationship managers to assist throughout. Visa processing adds 2 to 3 weeks.

For a speed comparison across freezones, see our Fastest Freezone Setup guide.

Costs

First-year costs start from as low as AED 7,000 for a basic commercial licence and range up to AED 20,000 for packages with visas and additional activities. Industrial and manufacturing licences may cost more depending on facility requirements. RAKEZ consistently ranks as the most affordable option in the UAE. See our Cheapest UAE Freezones guide for full details.

Pros and Cons

RAKEZ delivers the lowest costs in the UAE combined with an established track record and broad service offerings. Manufacturing and warehousing facilities set it apart from service-only freezones. Visa allocations of up to 50 provide room for team growth.

The main drawback is location. Ras Al Khaimah is roughly an hour’s drive from Dubai, which can be inconvenient for client meetings and networking. The RAK address carries less prestige than Dubai, and the business community is smaller. Banking can require more effort compared to Dubai-based freezones like DMCC or IFZA.

Related Freezones

SHAMS offers comparable pricing in Sharjah. Meydan provides a low-cost Dubai alternative. IFZA balances cost and Dubai credibility.