Ras Al Khaimah Freezone

Ras Al Khaimah Investment Authority (RAKIA) free zone was founded in the year 2015, it has experienced steady growth and has significantly contributed to the UAE economy through manufacturing, trade, inward foreign investments, capital flows and technology exchanges. It is one of the most cost-effective free zones to operate which further strengthens profit margins for investors. RAKIA is composed of 2 industrial parks for investors to choose from while setting up a business in the free zone. RAKIA free zone provides great support to its investors and ensures smooth and hassle-free business setup at a very low cost, thus helping companies to thrive in the region and beyond. Its vision to build a diverse economy that enjoys strong and sustainable growth by attracting foreign investment is what makes RAKIA one of the best free zones in the UAE. Also, given the strategic geographical location at the crossroads between the east and the west, excellent infrastructure, strong support from the government, and not to forget the unmatched natural beauty, it is no surprise that RAKIA has emerged as a destination of choice for investors and leisure travelers alike.

The mandate of RAKIA is the huge development and comprehensive management of industrial parks in the areas of Al Hamra and suitable for companies Al Ghailani Ras Al Khaimah which includes free zones and industrial zones. Throughout the region a free trade zone is traditionally regarded as a real estate business mainly licensed RAKIA however not only a facility provider but also offers investment advisory services and participation in selected projects. This has led to a climate of trust among investors and has developed strong network capabilities. As a result, in a range of 3 to 4 years since its inception, instrumental RAKIA ha attracted more than the US $2.5 billion in several industrial investments, providing unprecedented economic growth that made it one of the most dynamic and growing emirates in the region. RAKIA is one stop shop for all the investors needs providing statutory support like issue of licenses and company formation, project approvals, investors visa, design approvals, and construction permits, occupancy certificates etc. In addition to providing land for industrial activities, warehouses and industrial sheds, office space, Labour and executive residences.

Benefits for setting up a business in RAKIA free zone:

• One can acquire land for profitable industry activity
• Warehouses can be set up and consumer industry units
• Office premises are available in business towers
• Conveniently located next to seaports and airports
• One stop shop for all types of free zones and non-free zone licenses
• Modern infrastructure, utilities, and telecommunication facilities
• Accommodation are available for workers
• Executive premises for residence
• Single window clearance for all licenses and consents

RAK Maritime City free zone was created as free port by Emiri Decree in December 2009. It offers international port facilities and business services for companies seeking an efficient and secure environment for his or her operations. The benefits are as diverse as the offerings. RAK Maritime City free zone combines the best in international port facilities with inherent business advantages for companies seeking cost efficient, secure, transparent, and customized business answers with the best in tax benefits. RAK Maritime City will be zoned into areas for specified use – Retail, warehousing, general cargo handling, industrial production and manufacturing, tank storage and ship building or repairs. Each will be able to incorporate companies as both FZE and FZC entities, along with a choice of trading licenses, work permits and UAE residence visas. With significant land expansion available for individual companies, outstanding access to a variety of markets, low operating costs, and complete business support in all your ventures, RAK Maritime City is your maritime gateway into the region.

RAK maritime zone is divided into zoned plots which can accommodate businesses of varying size and across multiple industrial sectors and that covers an area of several million square meters. It is a strategically positioned near the Strait of Hormuz and thus features a unique advantage in terms of fuel cost savings for tenants and its port functionality and features. RAKMC free zone will issue both FZE and FZCo licenses. Work permits and residence visas will also be issued by RAK Maritime City.

Benefits for company formation in RAK Maritime City are:

• 100% company ownership
• Total tax exemption & foreign ownership investment
• Flexible policies for hiring a foreigner
• Easy business formation regulations
• Access to global market
• No customs duties and tariff
• Access to high-end infrastructure and communication
• 100% repatriation of profits and capital

The Ras Al Khaimah free zone was established in the year 2000, is one of the leading investment destinations for more than 8,600 companies from over 100 countries, representing more than 50 industry sectors. RAK free zone offers numerous advantages and cost-effective gateway to a wide range of markets across Europe, North Africa, the Middle east, and South Asia. Its strategic geographical location is well positioned to help companies easily take advantages of the trade flows between East and West. With access to over 2 billion consumers and awarded “Best Emerging Free Zone” for the second year running, Ras Al Khaimah Free Trade Zone has already developed into a world class business hub with state of the art infrastructure and hi-tech facilities for industrial growth and development in less than ten years of its inception.

The free zone offers customized support services to its investors. It is one of the most cost-effective free zones in the region and most importantly it offers an absolutely trouble-free customer friendly environment which is very important for the success of any enterprise. RAK  FTZ through its marketing and awareness campaign has created a name for itself known around the world. It has registered more than FTZ’s customers are coming from different markets in middle east, Europe, North America & Asia just to mention a few. Ras Al Khaimah free trade zone authority has created a system of four unique free zone parks that will suit and serve every investor according to their requirements. The four parks concept includes the business park, industrial park, and technology park & Al Ghail park, offering the offices equipped warehouses & land facilities. Situated at different locations across the Emirate of Ras Al Khaimah, each park caters to the specific business interests and activities of the RAK FTZ investors. RAKEZ provides a platform for local as well as foreign investors to diversify their investment and help them to penetrate local, regional, and international markets by setting up a company in the free zone region. Companies in RAKEZ get a strategic location and gain access to many growing markets of the Middle East, South Africa, Europe as well as South and Central Asia.

Advantages for setting up a business in RAKEZ:

• No personal or corporate income taxes, customs duties, import/export taxes
• Fast and efficient business set up & recruitment procedures
• Wide range of real estate facilities to suit your individual business needs
• Flexi-facilities available at a very low cost
• Warehouses are available at cost-effective prices, variety in sizes, located in proximity to seaports and airports
• Customs duty is exempted on re-exported goods
• Companies enjoy the freedom of 100% foreign ownership and full profit repatriation
• Unlimited space is available to grow your industrial operations with plots of land for development
• No restriction on capitals and profit repatriation
• Tax free investment environment