Are There Any Restrictions On Foreign Ownership In RAKEZ?

Posted by SEO Digital Team on June 5th, 2024

When thinking of starting a business in the UAE, one place many people think about is the Ras Al Khaimah Economic Zone (RAKEZ). Entrepreneurs and investors from different countries come to RAKEZ. But about foreign ownership in RAKEZ? Are there some restrictions that investors from other countries should know?

The general landscape of foreign ownership in the UAE

First, very important to know the general rules about foreign ownership in the UAE. Before, the law in UAE said a local partner or sponsor must own a minimum of 51% of shares for any business onshore. But now things have changed and become more flexible because of the UAE’s RAKEZ Freezone Company Setup Law.

RAKEZ: a free zone with full foreign ownership

RAKEZ is a free zone, meaning it gives a special chance for 100% foreign ownership. This part of RAKEZ makes it very attractive to investors from other countries. Different from businesses set up on the mainland, companies in RAKEZ can be fully owned by people from other countries without needing a local sponsor or partner.

Types of business licenses in RAKEZ

RAKEZ offers many different business licenses for various kinds of companies, and they all support 100% foreign ownership.

• Commercial License: For businesses involved in trading activities locally or internationally.
• Service License: For companies offering services.
• Industrial License: For manufacturing and industrial activities.
• Educational License: For institutions providing educational services locally or globally.
• Media License: For businesses in the media and creative industries.

Setting up a business in RAKEZ

The way to Incorporate Company in UAE is simple and easy.

• Choose your license type: Based on your business activity, select the appropriate license.
• Rent office space: Based on what your business requires, you have options like flexible desks, regular offices, or storage spaces.
• Get approvals and begin work: When all documents are ready, you will get the needed approvals, and then you can begin your business activities.

Are there any restrictions in RAKEZ?

RAKEZ offers a very good setting for foreign investors, but it is vital to remember that there are still some rules that need to be followed. These mainly depend on what type of business you want to do. Some important sectors might have special requirements or limits.

However, for most usual business tasks, Business Incorporation Services Dubai give a lot of freedom and flexibility.Moreover, businesses must comply with the UAE’s general legal and regulatory framework, which includes obtaining the necessary approvals and adhering to local laws regarding labor, environment, and other operational standards.

For more information, you can visit our website https://www.talrejaandtalreja.com/ or call us at +971-55-4559621