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 of over 8000 companies with at least 50 industry sectors. Ras Al Khaimah is a great place to live and conduct business, a truly cost effective entrepreneurial environment. Ras Al Khaimah Free Trade Zone offers customized support services to its investors. It is one of the most cost-effective free zones in the region.
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. 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.
Ras Al Khaimah Business Park
Ras Al Khaimah Free Trade Zone Business Park is situated in the heart of Ras Al Khaimah’s business district. It satisfies the need of clients with developed business centers. It’s a free zone facility which gives investors an option to start without any aggravation. Ras Al Khaimah Free Trade Zone business centers have fully furnished and fully functional offices, Flexi offices and desks (Shared offices & desks) at a very cost effective rate.
Ras Al Khaimah Industrial Park
Ras Al Khaimah Free Trade Zone Industrial Park is located along the Ras Al Khaimah coastal road. RAK FTZ Industrial park developed for heavy industries and warehouses. It also incorporates energy supply. The park has facilities including on-site employee accommodations, an operation supportive services center, a customs office as well as other administrative support and service centers
Ras Al Khaimah Technology Park
Ras Al Khaimah Free Trade Zone Technology Park located at the south of Ras Al Khaimah’s city center. It is situated in a rapidly growing area dedicated to light industries and automated manufacturing, as well as capital-intensive lifestyle projects.
Ras Al Khaimah Academic Zone
The Academic Zone of Ras Al Khaimah Free Trade Zone comprises educational organizations that offer academic programs to the RAK and broader UAE communities. Some educational organizations established under the free zone operate from separate campuses at assigned locations in Ras Al Khaimah.
Benefits of Company Formation in Ras Al Khaimah Free Trade Zone
Business Setup in Ras Al Khaimah Free Trade Zone is Cost effective
Business Setup in Ras Al Khaimah Free Trade Zone has 100% Foreign ownership
0% taxation for both companies and their employees in RAK FTZ
No restrictions on foreign exchange transactions in Ras Al Khaimah Free Trade Zone
0% corporate tax on businesses in Ras Al Khaimah Free Trade Zone
Flexible working hours for companies and their employees in RAK FTZ
Low cost of land and living in in Ras Al Khaimah
Flexible and transparent laws and regulations for businesses in RAK FTZ
Over 8000 registered companies from more than 100 countries around the globe in RAK FTZ
Vital location for logistics and warehousing for both the UAE and the GCC markets in RAK FTZ
Ras Al Khaimah has Tremendous potential in the tourism sector
Ras Al Khaimah Free Trade Zone has 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
Business setup in RAK FTZ always involves selecting a combination of business license, facility and legal entity.
Ras Al Khaimah Free Trade Zone offers the following options:
Types of Legal Entities to set up business in Ras Al Khaimah Free Trade Zone (RAK FTZ)
Companies who want to set up a business at Ras Al Khaimah Free Trade Zone can register it as one of the following four legal entities:
RAK Free Zone Establishment: A new business entity with a sole business owner.
RAK Free Zone Company: A new business entity owned by 2 – 5 partners.
RAK FTZ Local Branch: A branch of a domestic firm residing in the United Arab Emirates. The parent company should have existed for more than a year (also applicable to a subsidiary company).
RAK FTZ Foreign Branch: A branch of a foreign firm residing outside the United Arab Emirates. The parent company should have existed for more than a year (also applicable to a subsidiary company).
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
RAK FTZ Commercial License
RAK FTZ Industrial License
RAK FTZ General Trading License
RAK FTZ Consulting & Service License
RAK FTZ Consulting & Service License and Real Estate License one can perform activities such as offering consulting services in finance, investment, management, legal issues, economics, labour relations, industrial development, marketing, and related matters. Other services include logistical support like restaurants or food outlets, catering services, travel agencies, leisure and social activities, insurance, cargo & freight forwarding, accounting, and audition services.
RAK FTZ Commercial License
Under the RAK FTZ commercial license one can perform activities such as Import, export, distribution, consolidation, storage or warehousing of items specified on the License. Company formation under commercial license requires for a company to trade and warehouse a maximum of 2 different product lines.
RAK FTZ Industrial License
Under the RAK FTZ industrial license one can perform activities such as Import of raw materials, manufacturing, processing, assembling, packaging, and exporting finished products. Before company formation under industrial license companies are required to be cleared from RAK FTZ Feasibility and environmental impact studies.
RAK FTZ Commercial – General Trading License
Under RAK FTZ General Trading License which can be obtained under a Commercial License one can perform activities such as export, import, warehousing, distribution etc. Multiple activities allowed per license.
Facilities of Business Set up in Ras Al Khaimah Free Trade Zone
Shell and Core Office
RIZ & MONA consultants and PRO services provider offer corporate business solutions to individuals and companies to form new business and invest in the right place in Ras Al Khaimah Free Trade Zone (RAK FTZ). We can be reached at Ph. #: 00 971 4 558 6339 / 0507946180 – Email:[email protected]
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