Ras Al Khaimah Economic Zone (RAKEZ) is a free trade zone located in the emirate of Ras Al Khaimah, United Arab Emirates. It was established in 2017 as a merger of two free trade zones, the RAK Free Trade Zone and the RAK Investment Authority. RAKEZ offers a range of services for businesses, including tax exemptions, streamlined business processes, and access to a large pool of talent. The zone is divided into different sectors, such as RAK Maritime City, RAK Media City, RAK Investment Park, and RAK Industrial and Technology Park. It aims to attract a diverse range of businesses including manufacturing, logistics, e-commerce, and renewable energy. RAKEZ offers a one-stop-shop solution for businesses with a range of flexible and customizable packages for different industries, to provide its clients with a simplified and efficient setup process.
Why RAKEZ?
1. Tax exemptions: Companies registered in the Ras Al Khaimah Economic Zone (RAKEZ) are exempt from corporate and personal income taxes.
2. 100% foreign ownership: RAKEZ allows for 100% foreign ownership of companies, with no requirement for a local sponsor.
3. Strategic location: RAKEZ is located in Ras Al Khaimah, providing easy access to regional and global markets through its ports and airports.
4. Deregulated environment: RAKEZ offers a relaxed regulatory environment, making it easier to start and run a business.
5. World-class infrastructure: RAKEZ provides state-of-the-art facilities, including office spaces, warehouses, and dedicated trade zones.
6. Streamlined processes: Setting up a company with RAKEZ involves streamlined processes, making it faster and easier to get started.
7. Access to a thriving business community: RAKEZ is part of a thriving business community in Ras Al Khaimah, providing companies with access to a diverse talent pool and supportive ecosystem.