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Setting up a Business at RAK Economic Zone

Here are the benefits of setting up your company in RAK Economic Zone. For more details visit: https://www.worldwideformations.com/free-zone-incorporation/rak-economic-zone

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Setting up a Business at RAK Economic Zone

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  1. Setting up a Business at RAK Economic Zone

  2. RAKEZ (Ras Al Khaimah Economic zone) • It is an authority under government established in 2017 to oversee and consolidate the specialised parks and clients of both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA) • There are 5 Free Zones in Ras Al Khaimah.They are: AL Hulaila Industrial Zone RAKEZ Business Zone Al Hamra Industrial Zone AL Ghail Industrial Zone. • They are block houses to 14,000 free zone and non-free zone companies, as well as hundreds of freelancers.

  3. Business Licences in RAKEZ • Commercial : Deals with trading in services and goods • Educational : It is related with starting an educational institution or consultancy company. • E-commerce : This deals with the trading in goods and services via electronic means. • General trading : It deals with multiple goods trading. • Individual/Professional : This comprise of one activity in a specific speciality or expertise.

  4. Business Licences in RAKEZ- cont’d • Industrial : This mostly deals with manufacturing, importing, packaging and exporting products. • Media : This deals with operating media-related business activities. • Professional : This is for individuals who provide professional services. • Service : This deals with conducting services or consultancies across any industry. • Freelancer permit : This is for professionals in the fields of media and education.

  5. Benefits of RAKEZ • Full exemption from personal income tax and corporate tax. • 100% foreign ownership has been offered without any local partner shareholding. • Complete repatriation of profits and gains. • Companies enjoy emption of customs duty on re-exported goods. • High class facilities at affordable cost. • They connects major logistical hubs and multilane highways. • Availability of warehouses in various sizes nearby seaports and airports in cheap rate. • Availability of plots of land for development to grow industrial operations.

  6. Client Services • RAKEZ provides everything that is required for a business to start. Their expert team and simplified RAK company setup process make it easier and faster to get the license. • The licensing and renewal team is much reliable to approach . They does UAE  business license renewal, business license or share amendment and more. • Rather than assisting  acquiring UAE visa RAKEZ offer but also a fast track and seamless process in coordination with RAK immigration authority.   

  7. Conclusion • RAKEZ provides the clients the substance to stand up and keeps them close to their heart by offering all necessary needs to enhance their growth. Thus being a world class business and industrial hub, RAKEZ is a fertile land for local as well as foreign investors. • For setting up your company in RAKEZ, visit : https://www.worldwideformations.com/free-zone-incorporation/rak-economic-zone

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