RAK launches UAE's first business set-up package for women entrepreneurs

The package comes with a selection of cost-effective office spaces, licenses and support services

  
Image used for illustrative purpose. Ras Al Khaimah Economic Zone (RAKEZ) business centre.

Image used for illustrative purpose. Ras Al Khaimah Economic Zone (RAKEZ) business centre.

Ras Al Khaimah Economic Zone/Handout via Thomson Reuters Zawya

Ras Al Khaimah Economic Zone (RAKEZ) has launched its BusinessWomen Package, a ‘first-of-its-kind’ product in the UAE designed exclusively for women who want to start a business in the emirate.

The package is offered at a pocket-friendly rate starting from AED 6,200 ($1,633) with instalment plan options, a free zone licence, a shared workstation and various support services in a one-stop shop, RAKEZ said in a statement.

Ramy Jallad, Group CEO of RAKEZ, said the new package is "a clear testament to our commitment of encouraging more women to achieve their entrepreneurial dreams."

"It comes with a selection of cost-effective office spaces, licences, as well as support services. All they have to do is pick the solutions that suit their needs and they are good to go,” Jallad added.

Businesswomen who want to set up their company with RAKEZ can either select the 1-year or 3-year package. Both packages come with value-added services such as free usage of RAKEZ shared workstations, free printing of business cards, priority tokens at RAKEZ Service Centres and eligibility for a UAE Residence Visa(s). The 3-Year Package has an added benefit of one free investor visa, which is equivalent to AED 3,950. 

The package will have eight freezone licence types to choose from: Commercial, Educational, E-Commerce, General Trading, Individual/Professional, Media, Service and Freelancer Permit.

According to the World Economic Forum’s 2018 Global Gender Gap Report, there is a 40 percent gender gap in the Middle East and North Africa in various areas of the society, including business.  

(Writing by Seban Scaria; editing by Mily Chakrabarty)

(seban.scaria@refinitiv.com)

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