Setting up a Business at RAK Economic Zone

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Setting up a Business at RAK Economic Zone
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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.

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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.

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Business Licences in RAKEZ- contd

• 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.

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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.

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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.
    
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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-inco
  rporation/rak-economic-zone