RAK FTZ

RAKEZ Ras Al Khaimah Economic Zone
(Previously RAK FTZ and RAKIA)

Ras Al Khaimah Free Economic Zone (RAKEZ), created in 2017, is a special economic zone in Ras Al Khaimah, which is one of the seven emirates in UAE. It is set as an authority for all the RAK Free Zones i.e. RAK FTZ (Ras Al Khaimah Free Trade Zone, est. 2000) and RAKIA (Ras Al Khaimah Investment authority, est. 2005). It has investments from more than 8,000 companies and entrepreneurs from over a hundred countries, representing more than 50 major industry sectors.

Why RAK Free Trade Zone Fees & Packages

A few facts about RAK Free Trade Zone

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1
Superb location, enabling access to both the eastern and western markets
2
Connectivity to top notch Highways, Intl. Airport and 5 major sea ports
3
It provides 100 % ownership of business
4
Great place to live with cost-effective luxury accommodations
5
0% Personal and corporate tax
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WHY CHOOSE RAK Economic Zone?

The free zone provides a tax-free environment, 100% foreign ownership, fast-track visas, freedom to source labor and materials globally, and ongoing business support services. It is an excellent place to work, live and visit with a developed network of infrastructures across the city. It is a major hub for land, sea and air freight, in the MENA region and is recognized internationally as a premium transit platform.

RAKEZ has four free zone parks in Ras Al Khaimah – a Business Park for office clients, an Industrial Park for heavy manufacturing, a Technology Park for trading and light manufacturing, and an Academic Zone for educational institutions.

Undoubtedly regarded as one of the best zones around the Middle East, RAKEZ comprises of free park zones comprising of unique features which will prove to be adequate for all kinds of investments.

RAKEZ also gives incentives in procurement, recruitment, event management, promotion and not to forget training support.

RAKEZ is mainly a free zone having a wide network of internationally acclaimed network liaison work stations namely India, Europe, Turkey giving out impeccable client support, marketing and sales and also administrative facilities.

There is a wide range of customized offers such as product distribution, office or warehouse requirement or even land for industrial activities. Their services will match up to all your requirements.

Business centers situated in the Dubai South freezone are completely equipped centers and provides all kinds of shared offices, mainly to those who donot need a fixed space or a private office for their business operations. Dubai South is one of the most cost effective options to start your business in the UAE and internationally while reaping the benefits of an extremely advantageous tax-free economy.

RAKEZ provides administration, marketing, sales and adequate customer care services. It allows 100% ownership of the company as compared to the costly business zones where the stipulated percentage is a mandatory 51% to a local partner.

RAKEZ facilities include- space for shell/core office, warehouse, standard workstations, industrial land and much more. Ras Al Khaimah is also an excellent place to live for investors and their families, with malls, parks, entertainment and a broad range of apartments or villas with a much more cost effective than neighboring Emirates such as Dubai or Abu Dhabi.

Every businessman aims for networking, and with the kind of partners RAKEZ has it is simply amazing. It is the home to a vast array of large-scale companies such as Knauf, Hyundai, Kotak commodities, Kotak Mahindra, etc.

1Can a free zone company hold its offices outside the free zone?
As per the ruling issued in 2011, entities (a free zone company or a free zone establishment) operating in free zones can open branches in Dubai. As per Law No. 13 of 2011 on business registration and licensing in the Emirate, it was announced that free zone companies are allowed to conduct business within Dubai (outside their free zone) once they have a DED license or set up a branch in mainland Dubai.
2Can a free zone company do business or trade outside the free zone?
A freezone entity can do business in the Rest of GCC and Internationally from its freezone setup. Also, law no. 13 issued in 2011, states that free zone companies can set up a branch in Dubai to trade legally, without the need of a local sponsor. They will, however, need to have a local service agent. According to the law, the local service agent can be a UAE national or a UAE company which will sponsor employees for the Dubai branch of a free zone company at the Ministry of Labour. The local service agent will have no rights of voting or decision-making in the company.
3Can I obtain financing in Dubai?
Various private sources like banks and investment groups provide financing options, given the entity is more than 2 years old and the business owner is a resident of UAE. Neither the Government of Dubai/UAE nor the Free Zone authority will provide any financing.
4Can I transfer or receive money from outside UAE/Dubai?
As per UAE Laws, you are allowed to receive or transfer capital and profits outside the country.
5How many free zones are there in Dubai?
There are more than 40 Free Zones operating in UAE, with over 20 freezones in Dubai alone. IBG Consulting can make things simple for you by helping you choose the right freezone for your business.

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