Ras Al Khaimah Economic Zone (RAKEZ) in Ras Al Khaimah

Get in touch with Rakez Ph 97172041111 Location Ras Al Khaimah Economic Zone Authority, RAK Ras al Khaimah Economic Zone is situated in the heart of RAK.

1. Ras Al Khaimah Economic Zone (RAKEZ) is a leading free zone and business hub located in the Emirate of Ras Al Khaimah in the UAE. Established in 2017 through the consolidation of Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), RAKEZ has since evolved into a comprehensive business environment, attracting a diverse range of industries and offering a unique set of benefits for companies across sectors.
2. Here’s an in-depth look at what RAKEZ offers to businesses looking to establish a foothold in the UAE and beyond.

Key Features of RAKEZ

1. Strategic Location:

• Located in the northern part of the UAE, Ras Al Khaimah offers easy access to regional and global markets, including the Middle East, Africa, Europe, and Asia.
• RAKEZ is close to major airports and seaports, including the RAK International Airport and Saqr Port, making it a prime spot for trade and logistics businesses.

1. Business-friendly Environment:

• RAKEZ provides a business-friendly environment with an array of administrative support services, simplified registration, and licensing processes.
• The zone’s focus is on enabling ease of business, offering dedicated account managers to guide new businesses through setup and ongoing support.

1. Diverse Business Sectors:

• RAKEZ accommodates a wide range of industries, including manufacturing, trading, logistics, media, education, and healthcare.
• It offers specialized zones to cater to different types of businesses, such as the Al Ghail Industrial Zone for heavy manufacturing and the Al Hamra Industrial Zone for light manufacturing and warehousing.

1. Flexible Office and Facility Options:

• RAKEZ provides a variety of facility options to suit businesses of different scales, from freelancers and startups to large multinational companies.
• Facilities include customizable warehouses, industrial spaces, office buildings, and open land for large-scale projects.

1. Cost-effective Setup Options:

• RAKEZ is known for its affordable licensing and setup packages, making it an attractive choice for startups and SMEs.
• It offers various business licenses, including commercial, educational, e-commerce, media, industrial, professional, and freelancer licenses.

Types of Licenses Available at RAKEZ

1. RAKEZ offers several types of licenses that accommodate a broad array of business activities:

• Commercial License: For companies involved in trading and general business activities.
• Industrial License: For businesses involved in manufacturing and production.
• Professional License: For consultancy, services, and professional firms.
• Educational License: For institutions and training centers.
• E-commerce License: Specifically tailored for online businesses.
• Freelancer Permit: Allows individuals to work as freelancers in areas such as media, technology, and consultancy.

Benefits of Setting Up in RAKEZ

1. Full Foreign Ownership:

• RAKEZ allows 100% foreign ownership, a significant advantage for foreign investors looking for full control of their businesses in the UAE.

1. Tax Incentives:

• RAKEZ offers tax exemptions on corporate and personal income tax, as well as on import and export taxes, making it a tax-friendly environment for businesses.

1. Free Repatriation of Profits:

• Businesses in RAKEZ benefit from full repatriation of profits and capital, ensuring they can freely move their earnings without restrictions.

1. Streamlined Visa Services:

• RAKEZ provides simplified visa processing, helping business owners and employees quickly obtain UAE residency visas.

1. Fast-tracked Setup and Licensing:

• With an emphasis on efficiency, RAKEZ has developed a quick and straightforward licensing process that enables companies to get established in a short time.

Specialized Zones within RAKEZ

1. RAKEZ includes several dedicated zones to suit different business needs:
2. Al Ghail Industrial Zone: Designed for heavy industrial activities, including manufacturing, storage, and distribution. It features large land plots and warehouses for large-scale operations.
3. Al Hamra Industrial Zone: Suited for light industrial and warehousing purposes, this zone has modern facilities tailored to businesses that need flexibility in manufacturing and logistics.
4. RAKEZ Business Zone: A business-centric area with flexible office solutions, suitable for corporate offices, consultancies, and service providers.
5. RAKEZ Academic Zone: Specifically designed for educational institutions, including schools, universities, and training centers.
6. RAKEZ Media Zone: Focused on creative and media businesses, offering coworking spaces, studios, and facilities tailored for media production and content creation.

RAKEZ’s Supportive Ecosystem

1. RAKEZ offers a range of support services that make the process of setting up and operating a business smoother:

• Legal and Regulatory Assistance: RAKEZ provides support with legal requirements, ensuring compliance with UAE regulations.
• Dedicated Client Relations Managers: Each client is assigned a manager to assist with operational queries and facilitate day-to-day business needs.
• Networking and Events: RAKEZ organizes networking events, seminars, and exhibitions that help businesses connect with potential clients, partners, and investors.

Conclusion

1. RAKEZ has become a vital part of Ras Al Khaimah’s economic landscape, contributing to the UAE’s diversified economy and serving as a gateway for businesses looking to expand in the Middle East. With its diverse licensing options, strategic location, cost-effective setup solutions, and specialized zones, RAKEZ provides an ideal environment for businesses across sectors, from manufacturing to professional services.
2. By offering a supportive ecosystem and significant incentives, RAKEZ positions itself as a top choice for entrepreneurs and investors who seek a dynamic and sustainable business hub within the UAE.