Accountants for businesses in RAKEZ
The Ras Al Khaimah Economic Zone hosts a broad base of manufacturing, industrial, trading and service businesses, and is widely used by SMEs for its cost position relative to the Dubai zones.
The Ras Al Khaimah Economic Zone hosts a broad base of manufacturing, industrial, trading and service businesses, and is widely used by SMEs for its cost position relative to the Dubai zones.
RAKEZ's mix of industrial and service licences means the accounting work varies widely — a manufacturer needs cost of production, work in progress and inventory valuation; a service company needs little more than clean bookkeeping and a Corporate Tax return. What they share is the free zone position: the 0% rate is available on qualifying income only where the Qualifying Free Zone Person conditions are met, and it is not conferred by the licence.
Manufacturing members in particular should note that qualifying activities under the free zone rules have been defined with production and processing in mind, which makes the analysis meaningfully more favourable for a genuine manufacturer than for a service business — but it still turns on the facts of what the entity actually does and where it does it.
We act for RAKEZ entities across the zone's industrial, trading and service licence types, and deal with its renewal, reporting and administrative requirements throughout the year.
What we do
- Monthly bookkeeping and bank reconciliation, closed on a fixed date.
- VAT registration and returns reconciled to your ledger.
- Corporate Tax registration, computation and filing, with the elections modelled.
- Payroll and WPS, including end-of-service provisioning.
- Financial statements and audit support, with an independent registered auditor appointed where one is required.
- Management accounts — the monthly pack that tells you what is actually happening.
Reviewed 18 August 2026 by Ahmed Nabil Selim. UAE tax rates, thresholds and deadlines change — confirm the position for your period before relying on it.
RAKEZ — frequently asked questions
No. Corporate Tax and VAT are federal, so the rates, thresholds and rules are identical in every free zone and every emirate. What differs between zones is licence cost, facility cost, renewal requirements and administrative burden — real differences that affect your cost base but not your tax rate. Any advice suggesting a particular zone gives a federal tax advantage should be treated with considerable caution.
Cost of production. That means direct materials, direct labour and a systematic allocation of production overheads absorbed into inventory under IAS 2, work in progress valued at the appropriate stage of completion, and normal capacity used as the basis for overhead absorption so that idle capacity is expensed rather than capitalised into stock. Manufacturers who value inventory at materials cost alone understate stock and distort margin in every period — and the error compounds as production volumes change.
Tell us the licence type, roughly how many transactions a month, what systems you use and where things currently stand. From that we can scope the work and quote a fixed monthly fee, usually within a couple of days. If the books are behind, we scope and price the catch-up separately so you can see both numbers before deciding.
Based in RAKEZ?
Tell us the licence type, roughly how many transactions a month and where things stand. We will scope the work and quote a fixed monthly fee.
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