RAS AL Khaimah Economic Zone (RAKEZ)

Ras Al Khaimah Economic Zone (RAKEZ) was created in 2017 to oversee and consolidate the specialized zones and clients of the UAE’s two fastest-growing free zones: RAK Free Trade Zone (RAK FTZ) in 2000 and RAK Investment Authority (RAKIA) in 2005.

RAKEZ is a leading investment hub in the UAE, providing tailored solutions to both free zone and non-free zone companies. RAKEZ’ multinational community is thriving in over 50 sectors, ranging from freelancers and startups to SMEs and industrialists.When forming a business in RAKEZ, you have the option of forming a FREE ZONE or a NON-FREE ZONE (MAINLAND) entity.

The Ras al Khaimah free zone company setup expense is among the lowest in the region, with access to 100% business ownership and free-hold property. R point from the Arabian Sea to the UAE, resulting in lower shipping costs. Furthermore, the time it takes to establish a business in RAK free zone is shorter than in Dubai free zones. This is due to Ras a’s quick issuing of licenses.Investors must presen account when forming a RAK free zone business. Entrepreneurs can ensure timely payment of RAK free zone license costs once they have all of their documentation in order.

BENEFITS

  • Complete control
  • Processes for establishing a company that are quick and efficient
  • Business and industrial buildings of various sizes, as well as value-added services
  • Provision for the construction of on-site personnel and labor housing
  • A one-stop shop for government functions in a central location
  • Customer self-service site
    Access to key logistical hubs and multi-lane superhighways via an international network of regional offices
  • Simple entry to markets in the MENA and Asia regions

ADVANTAGES

  • The enrollment process is quick and easy.
  • The company is entirely owned by foreigners.
  • Provides a complete exemption from income and business taxes.
  • Capital and profit return is guaranteed.
  • UAE residency and permits are issued quickly.
  • Labor limitations are reduced.
  • Take advantage of cutting-edge technology.
  • There are no currency limitations.

  • There is no customs tax.