The Ras Al Khaimah Economic Zone (RAKEZ) is one of the fastest-growing free zones in the United Arab Emirates (UAE), offering a wide range of benefits and incentives for businesses. RAKEZ free zone provides an attractive platform for both startups and established companies to set up and expand their operations. In this article, we will explore the key benefits that RAKEZ offers for businesses:
RAKEZ is strategically situated in Ras Al Khaimah, one of the seven emirates of the UAE. Its location provides easy access to major markets in the Middle East, North Africa, Europe, and Asia. The proximity to international airports and seaports enables seamless import and export of goods, making it an ideal base for companies engaged in global trade.
Full range of business activities:
Unlike some free zones that limit the types of business activities allowed, RAKEZ offers a diverse range of activities across various sectors. From trading and manufacturing to service-oriented businesses, investors have the flexibility to choose the activity that aligns with their expertise and business goals.
100% foreign ownership:
One of the most significant advantages of setting up a business in RAKEZ is that it allows 100% foreign ownership. Unlike mainland company formation, where a local partner is mandatory for certain activities, RAKEZ permits investors to retain full control of their business, providing a favorable business environment for international entrepreneurs.
RAKEZ is a tax-free zone, meaning that businesses operating within its premises enjoy exemptions from corporate and income taxes. This absence of taxation contributes to higher profitability and better cash flow for companies, making RAKEZ an appealing choice for investors seeking tax-efficient structures.
The free zone boasts state-of-the-art infrastructure and modern facilities that cater to the needs of businesses across different sectors. From flexible office spaces to fully equipped warehouses and industrial units, RAKEZ ensures that investors have access to top-notch facilities to support their operations.
Easy company setup process:
RAKEZ offers a streamlined and efficient company setup process. The free zone authorities provide comprehensive support to investors throughout the setup journey, reducing bureaucratic hurdles and saving valuable time and effort.