How to Get an Industrial License in RAKEZ Free Zone?
Get an Industrial License in RAKEZ Free Zone
Ras Al Khaimah Economic Zone (RAKEZ) is a globally owned industrial hub popular for its affordable license and other benefits. Do you know the best part? RAKEZ is the home to more than 15000 companies across different sectors. It means starting your industrial-related business can be an excellent and profitable decision.
You need an industrial license to start your manufacturing or industry-related business in the RAKEZ. Here, we will discuss everything you need to know to acquire an Industrial License in RAKEZ Free Zone.
Why should you obtain an industrial license in RAKEZ?
Industrial production means the transformation of products through either mechanical or manual processes. Natural resources, raw materials, and primary products go through a manufacturing procedure to become the final product. In addition, you may also lease a warehouse where you can segregate, pack, store, and ship the final product.
The industrial sector in the United Arab Emirates (UAE) is experiencing significant growth. This sector is also establishing itself as a prominent hub in the Middle East. The region solely boosts a business-friendly environment via supportive regulations designed to empower and give an essential foundation to manufacturing businesses like yours to thrive. Ras Al Khaimah has specially designated zones and industrial areas where you can start your operation with a RAKEZ Industrial License.
The industrial license grants you the ability to engage in manufacturing operations and the flexibility to lease a warehouse for essential post-production operations. In addition, this license also facilitates a smooth process for setting up a manufacturing business with specially designated zones and industrial areas. Furthermore, it allows you to commence industrial operations and capitalize on many benefits.
Benefits of getting the industrial license in the RAKEZ
You can commence your industrial or manufacturing business in the RAKEZ by obtaining an Industrial License. Besides this, you can enjoy countless benefits but the top benefits of acquiring an industrial license in the RAKEZ are mentioned below:
- Business advantages and designated industrial zones: RAKEZ focuses on attracting additional interest from business investors, running globally. This zone has taken many measures. The development of segment zones devoted to the operation of relevant sectors, like trading, manufacturing, services, and more, is one of those measures is one such initiation.
- Diverse talent pool: You can get access to a wide range of diverse talent pools by obtaining an Industrial License in Dubai or RAKEZ. You can easily access countless professionals to support your business operation in the RAKEZ with an industrial license.
- Freedom from customs duties: By obtaining the industrial license in the RAKEZ Free Zone, you can also enjoy exemption from customs duties for the import of pieces of machinery and equipment.
- Easy access to the MENA region and the global marketplace: Once you have entered the RAK region, you will get many options to target the global market and attract new opportunities. There are a few open marketplaces, including Qatar, Oman, Bahrain, and more. You can make enormous earnings and ultimately boost your company’s growth in the MENA.
- Exemption on import duties: You can also enjoy exemption from paying import duties on non-material, spare parts, packaging material, and more.
Top business activities permitted under the Industrial License in the RAKEZ
There are countless manufacturing activities you can conduct with the help of an industrial license in the RAKEZ. However, it’s better to understand the exact activities you can perform via the industrial license in RAKEZ to avoid any confusion. The following is the list of top activities covered under the industrial license:
- Packaging material
- Metal & metal components
- Textile & ceramic products
- Construction material
- Plastic & polymers
- Medicine & healthcare equipment
- Electronic equipment & appliances
- Chemical products
- Petroleum products
- Foodstuff production
- Automobile & spare parts
Documents required to acquire the industrial license in the RAKEZ
When applying for the industrial license in RAKEZ, you should prepare a few documents because it is essential to submit them to get the industrial license. Below is the list of some documents
- Detailed list of equipment & machinery
- Passport copy & visa stamp
- Manufacturing plant blueprint
- Flow chart of the manufacturing process
- Detailed business plan
- Duly filled application form
Top industrial zones for setting up a manufacturing company in Ras Al Khaimah
As we mentioned above, Ras Al Khaimah has developed countless areas to support the industrial businesses in the region. We have listed below the top industrial zones to set up your manufacturing business in Ras Al Khaimah:
➦ Al Hamra industrial zone
The Al Hamra Industrial Zone is best for heavy and light industries, with warehouses ranging from 150 sq. mt to 10,000 sq. mt. The industrial zone provides you with labor accommodation, office space, and more for your company’s development.
➦ Al Ghail Industrial Zone
The Al Ghail industrial Zone is perfect for heavy and large-scale industries. You can get land plots of more than 5000 sq. meters in this zone. In addition, you can get convenient labour accommodation and on-site staff in this free zone.
➦ Al Hulaila Industrial Zone
The Al Hulaila Industrial Zone is perfect for heavy-duty industrial manufacturing. This industrial zone is located near Saqr Port, which is essential to provide you with an access to the leading business centers. Similar to other industrial zones in RAKEZ, you can get land, office space, staff accommodation, and more in this zone.
Steps to acquire the industrial license in RAKEZ
You must follow the following steps to acquire the Industrial License in RAKEZ Free Zone:
- Initially, you should gather the required documents that we mentioned above and submit them to the relevant RAKEZ authority.
- Next, the RAKEZ will examine and verify the application and supporting documents to verify compliance with rules and regulations.
- After submitting documents and applications, you must lease a reliable warehouse in the RAKEZ jurisdiction to conduct industrial operations as part of industrial license requirements. Here, you must verify your warehouse complies with all safety and legal requirements.
- You should hire at least 10 employees to meet the industrial license requirements. Remember, you should follow the relevant labor regulations and give employees the proper employment contract.
- After approving your application, the RAKEZ will give you the industrial license.
- After getting the license, you should apply for approval from the RAK Environment Protection and Development Authority (EPDA). In addition, you should obtain the HSE and TSA approval.
How can Flyingcolour Business Setup help you?
An Industrial License in RAKEZ Free Zone is essential to begin your manufacturing business. However, getting an industrial license requires dedication and proper knowledge. Flyingcolour Business Setup can give you essential advice to acquire an Industrial License in the RAKEZ. Plus, our experts can help you to acquire an industrial license in this jurisdiction.
To learn more about Get an Industrial License in RAKEZ Free Zone, book a free consultation with one of the Flyingcolour team advisors.
Please note that this article was published on 17/07/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
