Business Package For Female Entrepreneurs

Posted By Admin   -   Posted On Aug 29, 2019

Yesterday, 28th August 2019, being Emirati Women's Day in the UAE, the Ras al Khaimah Economic Zone (RAKEZ) unveiled their new BusinessWomen Package "the UAE's first ever business set-up package dedicated to women."

In a perceived attempt to address the "40% gender gap in the Middle East and North Africa in various areas of the society, including business" as recorded in the World Economic Forum's 2018 Global Gender Gap Report, RAKEZ is offering a "first of its kind" product exclusively to female entrepreneurs that wish to establish businesses within the region.

The BusinessWomen Package costs from just AED 6'200/- (significantly less than the general packages available) and includes benefits such as:

  • Free use of shared work stations
  • Free use of shared work stations
  • Priority tokens at RAKEZ service centres
  • Eligibility for UAE Residency through the licensed entity
  • One free investor visa (equivalent to AED 3'950)

The licenses are available for one or three year terms and may be utilized for activities including:

  • Commercial
  • Media
  • Education
  • Ecommerce
  • Individual/professional
  • General trading
  • Service
  • Freelance permit

The free zone license acquired through this package enables the business to operate throughout the RAK Economic free zone and set-up involves provision of only the relevant application form, a comprehensive business plan and passport copies of the applicant(s).

The access to shared work stations, cost-effectiveness of the offer and time saving benefits attached to the BusinessWomen Package suggests recognition of the potential contributors to the aforementioned gender gap. RAKEZ initiative to address this is an encouraging development, one it is hoped others shall emulate in the near future.

Senat MEA DMCC is a full service platform, founded in 2014, with roots in Dubai that go back as far as 1984. Dedicated to trust and efficiency, at Senat MEA DMCC we ensure that our clients are equipped with leading counsel in navigating the region while taking into account the global nature of business and the importance of developing long lasting relationships.

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For more information on Dubai’s business ecosystem and company formation, contact us at Senat MEA DMCC.

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