Ras Al Khaimah free trade zone was established in the year 2000, and is growing as one of the leading business setup destinations in the Middle East.
At the northern-most part of the United Arab Emirates (UAE) lies Ras Al Khaimah free trade zone (RAK-FTZ), also known as the RAK free zone, was established in the year 2000. Growing as one of the leading business setup destinations in the Middle East. RAK offers a strategic location and geographical advantage backed by excellent logistical hubs such as seaports, international airport and multi-lane high-speed super highways, making it an ideal zone to set up your business. With state-of-the art infrastructure, high-tech facilities, excellent connectivity via sea, land and air about an hour drive from Dubai RAK free zone drives investment from more than 100 countries while engaging in more than 50 industry sectors.
Ras Al Khaimah Free Trade Zone Parks
- RAK Business Park
- Al Ghayl Industrial Park
- Ras Al Khaimah Technology Park
- Academic Zone
- RAK Maritime City
Why Set Up a Business in RAK FTZ?
Despite the numerous free zones available in UAE, Ras Al Khaimah has the strategic location in Northern UAE, unparalleled geographical convenience, vantage point for sea-based trading with proximity to Port Saqr (first port of call in Northern UAE), and a 64-kilometre coastline near strait of Hormuz the main shipping lane in Gulf zone. RAK offers exceptional facilities for businesses with sophisticated business parks ear-marked for specialized industry, close-proximity to the central business district, easy-access to RAK Exhibition Centre, Maritime City for sea-link, Hilton Hotel & beach club, and Al Manar shopping & entertainment mall.
As an Emirate of the United Arab Emirates it is politically secure and economically offers unprecedented investments opportunities for investors and businesses in the RAK free trade zone. The free trade zone extends tax exemption for all businesses operating in the FTZ. Furthermore, the investors around the globe are attracted to invest in RAK due to the low-cost of setting-up business, exemptions from taxes, affordable cost of living, economical business operating costs and expenses.
RAK under the agreement with Dubai International Financial Centre (DIFC) enables the companies, investors, and individuals to choose DIFC courts and arbitration centres to resolve disputes rendering a sense of security and safety while building a greater confidence in the legal system which is recognized around the world.
Advantages of Setting Up a Business in RAK FTZ
- State-of-the-art infrastructure
- High-tech communication facilities
- Full foreign ownership
- 100% repatriation of capital and profits
- Clear and transparent laws and regulations
- Total tax exemption for businesses
- Furnished offices spaces and warehouse facilities
- Strategic location for reaching world markets
- Excellent sea port facility and land connectivity
- Northern rail base HQ of Etihad railways link connecting it with all of the UAE and GCC countries
- Industrial projects are supported by land lease agreements
Types of Entities in Ras Al Khaimah Free Trade Zone
- Free Zone Establishment (FZE)
- Free Zone Company (FZC)
- Branch of Local Company
- Branch of Foreign Company
Types of Licenses in RAK Free Trade Zone
1. General Trading License
The general trading license must be obtained by the company or business that is planning to undertake trade activity operations of export, import, warehousing, distribution and trans-shipping of manufactured goods, products and containers. General license costs around 15,000 AED which has to be renewed on yearly basis.
2. Industrial License
The industrial license must be obtained by the company interested in import of raw materials, processing, manufacturing, assembling, packaging and exporting of manufactured goods. Industrial license costs around 5000 AED which has to be renewed on yearly basis.
3. Commercial License
The commercial license is issued to companies in the trading and warehousing of up to two different product line. Whereas, local distribution in UAE can be carried out through local distributors. Commercial license costs around 3650 AED which has to be renewed on yearly basis.
4. Consultancy License
The consultancy license is issued to companies and entities engaging in marketing, management, real-estate or business consultancy operations. Consultancy license costs around 7500 AED which has to be renewed on yearly basis.
5. Educational License
The educational license permits the companies in RAK FTZ to create, develop, and operate any kind of training or learning institution or educational consultancy.
RAK is looking to attract more businesses from all around the world from diverse industries. As one of the fastest growing cities in UAE. Ras Al Khaimah is destined to be a leader in supporting and catering the businesses and clients interested in starting their company in RAK FTZ by providing sophisticated office spaces, warehouses, industrial lease land, sea-link facility, excellent highway, and air-link connectivity. If you are interested to know any other information on how to set up business in Ras Al Khaimah, contact us. We have a team of experienced professional expert in handling your requests on registering and incorporating your business in RAK FTZ.