Ras Al Khaimah set up RAKEZ in 2017 to bring two older bodies under one roof: the RAK Free Trade Zone, which had been licensing small companies since around 2000, and the RAK Investment Authority, which handled industrial land. The result is one regulator that can give a solo consultant a desk and a steel fabricator a 20,000 square metre plot, using the same application system.
What makes RAKEZ different from most Dubai free zones is its physical spread. Instead of one tower cluster, it runs a set of separate areas. Al Nakheel Business Zone hosts the head office and business centres used by SMEs and freelancers. Al Hamra Business Zone offers more desks and offices closer to the main highway. Then there are three industrial areas: Al Ghail for large-scale manufacturing on plots of 5,000 square metres and above, Al Hamra Industrial Zone for light and high-tech industry with ready warehouses, and Al Hulaila for heavier industrial work. An academic zone covers schools and training providers.
Another feature founders often miss is the dual licensing option. RAKEZ can register a free zone entity, which mainly trades internationally and with other free zone companies, or a non-free zone entity, which is set up to deal with the local Ras Al Khaimah market. The non-free zone route links into the RAK Department of Economic Development and the chamber, so it brings extra third-party fees, but it can save you from opening a separate mainland company later.
The community is very mixed. You will find e-commerce sellers, recruitment and marketing agencies, general traders shipping to Africa and South Asia, and food, building-material and packaging factories. India is one of the largest source markets, and RAKEZ ran a multi-city roadshow there in early 2026. Industrial tenants range from small workshops in pre-built units to international groups building their own plants.
Growth has been fast. Official UAE news agency coverage in April 2026 reported roughly 19,000 new companies registered with RAKEZ during 2025, a rise of more than 40 percent on 2024. Recent additions include self-storage units and open yards at Al Hamra Industrial Zone, plus new industrial park agreements with Chinese and European manufacturers. For a small company this mostly means a busy system, so submit clean documents to avoid queues.