RaK Free Zone Company Formation (RAK FTZ)

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Rak Free Zone Company Formation (RAK FTZ)

Founded in 2017, Ras Al Khaimah Economic Zone is a world class free zone that has consolidated two free zones of Ras Al Khaimah i.e. RAK Free Trade Zone – RAK FTZ (established in 2000) and RAK Investment Authority – RAKIA (established in 2005). RAK Economic Zone provides highly personalized facilities and services within a well-organized ecosystem in the emirate of Ras Al Khaimah.

Located in the heart of Ras Al Khaimah, RAK Economic Zone oversees and consolidates specialized parks and clients of both RAK FTZ and RAKIA. It offers a cost effective business setup in UAE to local and foreign investors that includes customizable packages and world class facilities so that they can penetrate local, regional and international markets by setting up a company in RAKEZ.

With integration of two free zones of RAK, RAKEZ is now a preferred business destination of more than 13,000 multinational companies from over 100 countries constituting more than 50 sectors.

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Benefits of Company Formation in RAKEZ

Free zone and non-free zone company formation
100% foreign ownership &100% exemption from corporate & personal income tax
Businesses allowed to use all forms of currencies
Complete profit repatriation
Customs duty is exempted on re-exported goods
Wide range of business development and industrial facilities and value added services
Self-service customer portal
Can build on-site staff and accommodate labor
Access to main logistical hubs and multilane super highways
Connectivity through international spread of regional offices
Easy access to markets across the Middle East, Europe, North Africa and Asia regions
One-stop shop facility for free zone company formation and business support

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Other Informations

RAKEZ Zones

There are six specialized RAKEZ zones to start a business.

I. RAKEZ Business Zone: For trading, service and consultancy businesses
II. AL HAMRA Industrial Zone: For manufacturing, industrial projects, trading, assembly & logistics
III. AL GHAIL Industrial Zone: For manufacturing, industrial projects, trading, assembly & logistics
IV. AL HULAILA Industrial Zone: For manufacturing, industrial projects, trading, assembly & logistics
V. RAKEZ Academic Zone: For schools, universities, institutes, academic consultancy and services.
VI. RAKEZ Media Zone: For Radio, TV, Magazines, Broadcast, Film Production, Events Management, etc.

Permissible Legal Entities in RAKEZ

Depending upon nature of your business, there are several forms of legal entities offered in RAKEZ.

Free Zone Entity
- Free Zone Establishment (FZE): Entity with single shareholder or owner
- Free Zone Company (FZC): Entity with 2-50 shareholders

Non free Zone Entity
- Individual Establishment: Entity with single shareholder or owner
- Limited Liability Company (LLC): Entity with 2 or more shareholders

Branches
- Branch of a UAE Company
- Branch of a Foreign Company

License Types Offered in RAKEZ

Commercial – For businesses dealing in trade of goods and services
Educational – To open any kind of education related organization or consultancy company
E-Commerce – For business dealing in trading of goods and services through an online platform/portal
General Trading – For trading in numerous goods
Individual/Professional – For an entrepreneur who will be sole owner.
Industrial – Companies involving in manufacturing, importing, packaging or exporting products
Media – For businesses involved in media-related activities
Professional – For individuals who will provide professional services (non-free zone entity)
Services – For businesses related to provision of services or consultancies across any industry

Facilities of Business Set up in RAKEZ

Flexi Facilities- Flexi facilities are low-risk ideal solution for startup companies in RAKEZ. They are shared and furnished workstations located in first-class business centers in RAKEZ Business Zone.

Standard Offices -Ideal for small-to medium-sized business. RAKEZ has ready-made office spaces, which allow an entrepreneur to gain maximum return on investment.

Executive Offices -They are fully serviced, bigger than standard offices and provide more space for business growth.

Shell & Core Offices- If you want to design and arrange your working environment, you can lease shell & core offices located in RAKEZ Business Park.

Warehouses-These are customizable and spacious – available in variety of sizes for businesses dealing in light manufacturing, storing of goods and general assembly. They can be leased on year round or limited time basis.

Land for Development-Land for development provides unlimited space of land for industrial, logistical and service industry projects that also enable easy access to neighboring emirates and GCC countries.

RaK Free Zone Company Formation (RAK FTZ)