Ras Al Khaimah launches UAE's first business package for female enterpreneurs

Ras Al Khaimah Economic Zone reveals the Businesswomen Package, a first-of-its-kind product in the UAE designed exclusively for women
Ras Al Khaimah launches UAE's first business package for female enterpreneurs
Ras Al Khaimah Economic Zone.
By Sam Bridge
Wed 28 Aug 2019 02:13 PM

Ras Al Khaimah Economic Zone (RAKEZ) on Wednesday launched its Businesswomen Package, a first-of-its-kind product in the UAE designed exclusively for women who are passionate about business.

The package, announced on Emirati Women's Day, is offered at a rate starting from AED6,200 with instalment plan options, a free zone licence, a shared workstation and various support services in a one-stop shop.

Businesswomen who want to set up their company with the economic zone can either select the 1-year or 3-year package and both 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. The 3-year package has an added benefit of one free investor visa, which is equivalent to AED3,950, a statement said.

It added that the newly-launched package gives businesswomen eight free zone licence types to choose from - Commercial, Educational, E-Commerce, General Trading, Individual/Professional, Media, Service and Freelancer Permit.

Ramy Jallad, Group CEO of RAKEZ, said: “We are very proud to launch the RAKEZ Businesswomen Package, which is a clear testament to our commitment of encouraging more women to achieve their entrepreneurial dreams.

"In the past, we have conducted events exclusively for women, such as networking sessions. We have used these events as platforms to get to know what challenges they are facing and what can we do to support them. Then, here we are, we have introduced an entire package that has all the elements to help them become the successful businesswomen that they are meant to be.”

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.”

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.

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