Ras Al Khaimah Economic Zone (RAKEZ) is a strategic initiative by the government of Ras Al Khaimah to consolidate RAK Free Trade Zone (RAKFTZ) and Ras Al Khaimah Investment Authority (RAKIA). RAKEZ is established to merge both authorities in single umbrella along with their 13000 clients and make RAKEZ , the biggest free trade zone in UAE. RAKFTZ and RAKIA had been contributed a vital role and played as driving forces to the economic development of the emirate of Ras Al Khaimah in the past years. Looking forward to the next level both authorities decided to collaborate in this journey of economic development and gave birth to RAKEZ in 2017
RAKEZ is a platform where the investors from diverse sector can penetrate local, regional and international markets through setting up of Freezone and Non-Freezone companies. RAKEZ free zone offering five strategic location includes RAKEZ Business Zone, Al Hamra Industrial Zone, Al Ghail Industrial Zone, Al Hulaila Industrial Zone and RAKEZ Academic Zone for all kinds of business registration.
Types of Legal Entities in Ras Al Khaimah Economic Zone (RAKEZ)
In RAKEZ, investors have the option of setting of company as Free Zone or Non Free Zone
RAKEZ Free Zone Company/Entity
Free Zone is a special economic zone where the investors get full ownership in their company and get tax exemptions. Through free zone entity RAKEZ attracts and promote foreign direct investment and local investment.
Features of RAKEZ Free Zone Company
- 100% tax-free
- 100% ownership in company
- Free Zone company can access to local market through a local agent
- Zero customs duty on re-exported goods
- Freedom to source labour from local and international market
- 100% repatriation of profits /funds
RAKEZ Non – Free Zone Company /Entity
Non – Free Zone company/entity is the company which can be registered out the free zone. Non – Free Zone companies are considering as a local company and they have full-fledged freedom on doing business inside the free zone and outside the free zone without any restrictions.
Features of RAKEZ Non – Free Zone Company
- Zero percentage taxation
- Company can be established in association with a UAE partner
- Direct sales in local market and there no restriction for dealing with local and international companies
- No customs duty on sales in local and GCC markets
- Non-Free Zone company is Subject to UAE labour law
Types of License in Ras Al Khaimah Economic Zone (RAKEZ)
In RAKEZ investors can register their trading company under commercial license. RAKEZ commercial license can be registered as freezone entity or non free zone entity as per the entrepreneur’s requirement. The commercial license covers trading in services and goods.
Educational license in RAKEZ allows the investors to penetrate the education sector. Under this license, investors can open all kinds of education-related company in RAKEZ Free zone
RAKEZ is offering E-commerce license for investors. Through E-commerce license business owners can trade their goods and services via electronic means or online portal/ platform.
General Trading License
Traders or business owners those who are looking for multiple goods trade can register for a general trading license with RAKEZ. General trading License can be registered as RAKEZ free zone entity.
A professional license is very attractive to investors those who are providing professional services. Owner of the professional company required specific specialty or expertise. In RAKEZ professional license can be registered as freezone entity and a non free zone entity.
RAKEZ providing an industrial license for business owners those who are looking for setting up manufacturing, importing, packaging and exporting products companies. Industrial license in RAKEZ can be registered as Freezone and non -freezone entity.
To promote media oriented industry and attract more investment in media industry RAKEZ issues media license. Media license is issuing by RAKEZ exclusively for media-related business activities. Media license can be registered as Free zone entity in RAKEZ.
RAKEZ service license allows doing services or consultancies across any industry. Service license can be registered in RAKEZ as free zone entity
Tourism license offering by the RAKEZ can be registered only as non-Freezone entity. Tourism license is exclusive for operating tourism related activities or establishments.
Types of Facilities in RAKEZ
- Flexi Office
- Standard Office
- Executive Office
- Shell and Core Office
- Warehouse Facility
- Land for development/building facilities
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