Setup your company in RAK Freezone
Situated in the core of Ras Al Khaimah and accompanied by the idea of His Highness Sheik Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) was built up to manage and merge the particular zones and customers of the two Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA).
Ras Al khaimah Free Trade Zone (RAKFTZ) has officially formed into a world-class business center point with best in class infrastructure and hi tech offices for industrial development and advancement in under ten years of its initiation. It offers customized support services to its investors. It’s the cost effective Freezone’s in the region. Also it offers a completely trouble free and customer friendly environment which is important for a successful enterprise.
Ras Al Khaimah Free Trade Zone Authority has made an arrangement of four special Free Zone Parks that will suit and serve each investor as indicated by their necessities. The Four Parks idea incorporates –the Business Park for office clients
– Industrial Park for heavy manufacturing
-Technology Park for trading and light manufacturing
– RAK Academic Zone which is home to various educational institutes and service providers
Arranged at various areas over the Emirate of Ras Al Khaimah, each Park takes into account the particular business premiums and activities of the RAK Freezone investors.
Benefits of RAK Freezone Company Setup
- Simple and rapid company registration procedures
- 100% profit repatriation
- 100% Foreign ownership
- 100% Capital Repatriation
- Full Exemption from Income and Corporate Tax
- Tax-Free Investment Environment
- Fast Issuance of UAE Visa
- Effective Business Set-Up Services
- Effective Support Services
- Real Estate Facilities suitable according to the business needs and requirements of each company
- RAK FTZ’s area permits simple access over the globe (North Africa, Middle East, South Asia, Central Asia and Europe)
- Particular Free Zone parks modified to fit business’ needs and prerequisites
There are four sorts of legal entities a company a RAK Freezone company can enlist as, which include:
Free Zone Company (FZC): another business element that is possessed by 2 to 5 investors.
Free Zone Establishment (FZE): another business element that is possessed by one proprietor.
Local Company Branch: refers to a branch of a UAE-based organization. The UAE-based organization (parent organization) ought to be ready to go operation over one year.
Foreign Company: refers to a branch of a non-UAE-based organization. The non-UAE-based organization (parent organization) ought to be ready to go operation over one year.