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Benefits of starting a Company in RAK Free Zone (RAK FTZ)

Founded in the year 2000, the Ras Al Khaimah Free Trade Zone Authority (RAK FTZ) continues to be a tremendous success. RAK FTZ won the title as the ‘Best Emerging Free Zone’ three years in a row by the Middle East Logistics Awards (MELA) and is considered one of the fastest growing free trade zones in the region.<br>

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Benefits of starting a Company in RAK Free Zone (RAK FTZ)

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  1. Benefits of starting a Company in RAK Free Zone (RAK FTZ)

  2. The Emirate of Ras Al Khaimah is located in the east of the Persian Gulf and is the northernmost emirate of the UAE. Covering an area of 1,700 square kilometres, Ras Al Khaimah has a population of more than 350,005 inhabitants.

  3. A Free trade zone is a designated geographical area where taxes, restrictions on business, employment or trade do not apply in the same manner as how it is with other parts of the country. Organised around major seaports, international airports and frontiers, these are areas with many geographic advantages for trade.

  4. Founded in the year 2000, the Ras Al Khaimah Free Trade Zone Authority (RAK FTZ) continues to be a tremendous success. RAK FTZ won the title as the ‘Best Emerging Free Zone’ three years in a row by the Middle East Logistics Awards (MELA) and is considered one of the fastest growing free trade zones in the region. *Affordability *Flexibility and *Efficiency These are the top priorities of the RAKFTZ.

  5. Types of Company formations allowed in RAK Free Trade Zone- *Free Zone Establishment (FZE)-If you as a single owner are planning a start up, then FZE is ideally what you can look into. *Free Zone Company (FZCO)-In cases where the start up has more than two partners but limited to five, FZCO is the preferred option. *Local Branch of an Existing Company-In case you are looking to start a branch of the company in UAE that has been in operation for one year or more, you can consider setting it up in the free zone. *Foreign Branch of an Existing Company-You can also look to starting a branch of the company that is based out of the UAE and that has been in operation for one year or more.

  6. Benefits that you will reap through a Company formation in RAK Free Zone. *A Free zone company enjoys exemption from the UAE corporation tax, personal tax and customs duty *100% foreign ownership is permitted *No visa restrictions involved for investor’s, family and staff *Able to open bank accounts in the UAE and worldwide *Allowed to use pre-built office structures, factories and warehouses *No audit required *No restriction on capital and profit repatriation *Transparency in regulations *Best communication facilities

  7. With state of the art facilities, business oriented eco system and regulatory and economic stability that the emirate of Ras al Khaimah offers these reasons makes it one of the most exciting and growth oriented business destinations in the world today.

  8. Source : https://www.worldwideformations.com/free-zone-incorporation/ras-al-khaimah

  9. Thank you

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