Rak Free Zone Company Setup (RAK FTZ)
Established in 2000, Ras Al Khaimah Free Trade Zone (RAK FTZ) is rapidly growing and very cost-effective free trade zone in the UAE. Today, it is the home to over 12,000 companies from over 100 countries with at least 50 industry sectors. Ras Al Khaimah is a great place to live and conduct business. RAK FTZ provides numerous incentives at lower rates as compared to free zones in other emirates.
Ras Al Khaimah Free Trade Zone offers customized support services to its investors. Ras Al Khaimah is at a geo strategic location and has an ideal place for business setup as it is nearby fast emerging markets in South East Asia, Africa and Europe. RAK FTZ is at a distance of an hour’s drive from Dubai. It has easy access to an international airport and five sea ports including Saqr Port, one of the largest bulk Port of the region.
Ras Al Khaimah Free Trade Zone Parks
Ras Al Khaimah Free Trade Zone operates in four specialized free zone parks to fulfill the requirements of small medium and large businesses.
- Business Park has fully furnished and functional office, desks and flexi offices (shared offices and desks) available at cost effective rates. This business park is suitable for clients with developed business centers
- Industrial Park is developed for warehouses and heavy industries
- Technology Park is dedicated for light industries, automated manufacturing and capital-intensive lifestyle projects
- Academic zone is exclusive for educational organizations
Benefits of Company Formation in Ras Al Khaimah Free Trade Zone
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- RAK FTZ is one of the world’s most cost-effective free zones. Land and cost of living in Ras AL Khaimah is also very inexpensive
- 100% foreign ownership, free from taxes (including VAT), no restrictions on foreign exchange transactions and other free zone facilities
- Flexible and transparent laws and regulations for businesses in RAK FTZ
- Vital location for logistics and warehousing for both the UAE and the GCC markets
- Geo strategic location with access to over 1.2 billion consumers
- RAK FTZ Industrial Park and Technology Park are nearby to a seaport and international airport
Types of Trade Licenses Available in Ras Al Khaimah Free Trade Zone
Following licenses are available for company formation in RAK FTZ
- RAK FTZ Consulting & Service License and Real Estate License permit the holder for activities including consulting services in finance, investment, management, legal issues, economics etc. Other activities under this license are: restaurants or food outlets, catering services, travel agencies, insurance, cargo & freight forwarding and others
- RAK FTZ Commercial License allows various types of commercial activities including import, export, storage and distribution of items as specified in the license
- RAK FTZ Industrial License is necessary for business activities such as Import of raw materials, manufacturing, processing, assembling, packaging, and exporting finished products. Clearance from RAK FTZ Feasibility and environmental impact studies is mandatory for this license
- RAK FTZ General Trading License is a commercial license that allows activities like export, import, warehousing, distribution etc
Services Riz & Mona provide
- Comprehensive support for all types of licenses in all free trade zone parks
- Assistance in completion of all steps of registration process
- Translation and attestation of documents
- Continuous support in legal matters after completion of registration and company formation process
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