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Nestled in the heart of Ras Al Khaimah, United Arab Emirates, Ras Al Khaimah Economic Zone (RAKEZ) stands as a thriving business and industrial hub. It caters to both free zone and non-free zone enterprises, offering tailor-made solutions within a vibrant multinational community spanning across 50 sectors.
Established by the Ras Al Khaimah government, RAKEZ serves as a dedicated authority supporting startups, entrepreneurs, SMEs, and industrialists in fulfilling their business setup requirements. It provides a spectrum of licenses and customizable facilities, alongside top-notch support services such as visa facilitation. Additionally, executive and labor accommodation options are available within the zone.
RAKEZ permits 100% foreign ownership and boasts a 0% income tax regime. Known for its swift license issuance process, RAKEZ ensures businesses can commence operations promptly. Moreover, a wide array of business activities is available within the zone, catering to diverse industry needs.
There are several economic zones in the UAE suitable for foreign investors and expatriates looking to invest and conduct business. One such zone is the Ras Al Khaimah Economic Zone (RAKEZ), located in Ras Al Khaimah. This zone offers numerous benefits, including generous tax incentives, making it an attractive option for businesses endorsed by the UAE Government.
RAKEZ, situated in the heart of Ras Al Khaimah, serves as a dynamic business and industrial hub, providing tailored solutions to both free zone and non-free zone enterprises within a diverse multinational community spanning over 50 sectors.
The UAE Government maintains a positive stance towards foreign investors, leading to a surge in business-oriented individuals exploring opportunities within economic zones like RAKEZ. The Government of Ras Al Khaimah has established an authority dedicated to supporting startups, entrepreneurs, SMEs, and other entities by facilitating licensing procedures, offering customizable facilities, and providing top-notch support services such as visa facilitation and executive and labor accommodation.
RAKEZ permits 100% foreign ownership and boasts a 0% income tax regime, attracting businesses seeking favorable tax environments. Moreover, RAKEZ expedites the licensing process, ensuring businesses can commence operations swiftly. A wide spectrum of business activities is available within the zone, catering to diverse industry needs.
The Ras Al Khaimah Authority, wholly owned by the UAE Government, is committed to supporting startups, entrepreneurs, SMEs, and other entities by providing comprehensive support services tailored to their business setup requirements. Our aim is to facilitate business operations in the UAE by adhering to all regulatory guidelines. RAKEZ stands as the epitome of a business development ecosystem, dedicated to satisfying the needs of foreign investors in every aspect.
The Advantages of Ras Al Khaimah Economic Zone (RAKEZ)
1. No Foreign Exchange Controls: RAKEZ offers freedom from foreign exchange controls, quotas, or trade barriers, providing businesses with flexibility in their international transactions.
2. Customs Duty Exemption: Businesses operating within RAKEZ enjoy the benefit of no customs duty on imports, exports, or services, facilitating cost-effective trade operations.
3. Business-Friendly Legal Framework: RAKEZ provides a hassle-free and business-friendly legal framework, streamlining the setup and operation of businesses within the zone.
4. Government-Sponsored Incentives: Investors in RAKEZ receive government-sponsored incentives, fostering a conducive environment for business growth and expansion.
5. 100% Ownership: Entrepreneurs benefit from 100% ownership of their businesses within RAKEZ, allowing full control and autonomy over their ventures.
6. Tax Exemption: RAKEZ offers a 100% tax exemption on all commercial levies related to import and export activities, further enhancing the attractiveness of the zone for businesses.
7. Capital and Profit Repatriation: Businesses in RAKEZ are entitled to 100% return on capital and profits, enabling efficient management of finances and investments.
What Documents Are Required to Obtain a Trade License in RAK Free Zone?
Application form
1. Certificate of Incorporation
2. Brief Description of Business Objectives
3. Bank Reference Letter
4. Passport Copies of Shareholders
5. List of Proposed Trade Names
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