RAK announces UAE’s first business package for female entrepreneurs

Ras Al Khaimah Economic Zone (RAKEZ) announced the launch of its Businesswomen package, a first-of-its-kind product in the UAE designed exclusively for women who are looking to start their own business.

The package is offered at a convenient rate starting from AED 6,200 ($1633) and includes instalment plan options, a free zone license, a shared workstation and various support services in a one-stop shop.

The package was announced on Emirati Women’s day and seeks to attract female entrepreneurs who are willing to set-up their company within RAKEZ. Businesswomen are encouraged to choose from two packages: a 1-year plan and a 3-year plan, both of which come with value-added services such as free usage of RAKEZ shared workstations, free printing of business cards, priority tokens at RAKEZ service centers and eligibility for a UAE residence visa. With the 3-year plan, there is an added benefit of obtaining one investor visa for free, which is equivalent to AED 3,950.

The package offers eight freezone license types to choose from including Commercial, Educational, E-Commerce, General Trading, Individual/Professional, Media, Service and Freelancer Permit.

The application process is simple and available on the company’s website. It offers a step-by-step guide starting from the required documents to payment methods and onto the final application step after which the candidate may receive their license. Candidates may also find a 44-page detailed brochure that acts as a business guide.

Ramy Jallad, Group CEO of RAKEZ, said the new package attests their commitment to encourage and support more women to achieve their business aspirations. He further added that the package comes with a variety of cost-effective office spaces, licenses, as well as support services. The businesswomen are free to pick the solution which suits their needs.

He added: “This is just the tip of the iceberg. Watch out as we are going to work on more initiatives to inspire women to be in business.”

In a 2018 report by the World Economic Forum based on Global Gender Gap, it was reported that there was a 40 percent gender gap in the Middle East and North Africa in various areas of society, including business.

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