Electrical Contracting in RAKEZ
Starting From
AED 7,500
Setup Time
3 Business Days
Visa Quota
3 Visas
Location
Ras Al Khaimah
About Electrical Contracting
The UAE's thriving economy continues to attract investors from around the world, and Ras Al Khaimah Economic Zone stands out as a premier destination for Electrical Contracting businesses.
As a free zone entity regulated under Ras Al Khaimah's commercial laws, your Electrical Contracting business will benefit from cost-effective licensing and industrial and commercial zones. The RAKEZ licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 7,500.
With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your electrical contracting setup in RAKEZ. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.
Why RAKEZ for Electrical Contracting?
There are several compelling reasons why Ras Al Khaimah Economic Zone continues to attract electrical contracting entrepreneurs from around the world.
The jurisdiction offers cost-effective licensing, which is particularly valuable for electrical contracting operations. Additionally, industrial and commercial zones ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 3,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. 100% foreign ownership further enhances the appeal of RAKEZ for electrical contracting professionals. Furthermore, gateway to northern emirates positions your electrical contracting business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAKEZ remains an excellent choice for both start-ups and established construction enterprises looking to expand into the Middle East and North Africa region.
Requirements & Documents
Regulatory Note: Electrical Contracting is a regulated activity in the UAE. Additional approval from DEWA is required. IBA can guide you through the full regulatory process.
Cost Breakdown
| Item | Cost (AED) |
|---|---|
| License Fee | 7,500 |
| Visa Package (per visa) | 3,700 |
| Flexi Desk | 3,000 |
| Shared Office | 7,000 |
| Private Office | 15,000 |
| Estimated Total (Year 1) | From AED 14,200 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Initial Consultation
Begin with a free consultation with IBA's business setup advisors to discuss your electrical contracting business objectives, optimal licence structure, and RAKEZ as your chosen jurisdiction. We assess your specific requirements and provide a transparent cost breakdown.
Choose Your Company Name
Select your company name and submit it for approval. RAKEZ has specific naming guidelines — the name must not conflict with existing registrations and should reflect your business activity. IBA handles the name reservation process.
Prepare & Submit Documents
Compile all required documentation including passport copies, photographs, and the completed application form. For electrical contracting, additional documents including professional qualifications and DEWA approvals are required. IBA prepares and submits all paperwork on your behalf.
Obtain Trade Licence
Your RAKEZ trade licence is issued within 3 business days of document submission. The licence authorises you to conduct electrical contracting activities and is valid for one year. The licence fee is approximately AED 7,500.
Apply for Residence Visa
Once your licence is active, apply for your UAE residence visa and Emirates ID. Your RAKEZ licence includes 3 visa allocation. Each visa costs approximately AED 3,700. IBA manages the entire visa process including medical testing and Emirates ID.
Open Corporate Bank Account
With your trade licence in hand, open a corporate bank account at a UAE bank. IBA provides introductions to relationship managers at leading banks including Emirates NBD, ADCB, RAKBank, and Mashreq. We prepare a comprehensive banking file to ensure smooth account approval.
Start Operations
With your licence issued, visa processed, and bank account active, your electrical contracting business in Ras Al Khaimah Economic Zone is ready to operate. IBA continues to support you with PRO services, VAT registration, accounting, and annual licence renewals.
Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes, with a valid trade licence from RAKEZ, you can open a corporate bank account at any UAE bank. Free zone companies can bank with most major UAE banks including Emirates NBD, ADCB, RAKBank, and Mashreq. IBA assists with introductions and documentation for smooth bank account opening.
Electrical Contracting in Other Jurisdictions
Get Started Today
Ready to set up your electrical contracting in RAKEZ? Our team is here to help.
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Official Source
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By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
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Get a personalised quote for setting up your electrical contracting in RAKEZ. Our advisors are ready to guide you through every step.