Navigating Ras al-Khaimah Freezone Landscape
Ras Al-Khaimah (RAK) is one of the seven emirates that make up the United Arab Emirates (UAE). It is located on the east coast of the UAE, bordering the Gulf of Oman. RAK is a popular destination for businesses looking to set up in the UAE due to its strategic location, favorable business environment, and competitive costs.
The RAK Free Zone Authority (RAKFZA) is the government agency that oversees and promotes business in the RAK Free Zone.
In order to set up a Business in RAK you need to obtain a trade license from RAKFZA.
Here are some of the types of businesses that can be set up in RAK
- Information Technology
- Financial Services
Top 5 Free Zones in RAK
- Ras Al Khaimah Economic Zone (RAKEZ) is the largest and most established free zone in Ras Al Khaimah. It offers a wide range of benefits to businesses, including 100% foreign ownership, tax exemption, and streamlined regulations.
- Al Hamra Free Zone (AHFZ) is a newer free zone that is located close to the Ras Al Khaimah International Airport. It offers a number of incentives to businesses, such as free land and 50% off rent for the first year.
- Ras Al Khaimah International Airport Free Zone (RAIFTZ)is located close to Ras Al Khaimah International Airport. It offers a number of benefits to businesses in the aviation and logistics sectors, including easy access to air freight and cargo facilities.
- Ras Al Khaimah Industrial City (RAKIP) is a free zone that is focused on manufacturing and logistics. It offers a number of benefits to businesses in these industries, such as tax breaks and access to land and utilities.
- Ras Al Khaimah Media City (RKM) is a free zone that is focused on the media industry. It offers a number of benefits to businesses in this industry, such as tax breaks and access to funding and talent.
These are just a few of the many free zones that are available in Ras Al Khaimah. When choosing a free zone, it is important to consider your specific needs and requirements.
Benefits of Setting up Business in Ras al-Khaimah
- Strategic location: Ras Al Khaimah is located in a strategic location, close to the United Arab Emirates (UAE) border with Oman. This gives businesses access to a large customer base in the UAE and Oman, as well as the wider Middle East region.
- Favorable business environment: Ras Al Khaimah offers a favorable business environment, with 100% foreign ownership, tax exemption, and streamlined regulations. This makes it easy and cost-effective for businesses to set up and operate in Ras Al Khaimah.
- World-class infrastructure: Ras Al Khaimah has world-class infrastructure, including a modern airport, seaport, and road network. This makes it easy for businesses to import and export goods, and to get their products to market.
- Competitive costs: Ras Al Khaimah has competitive costs, making it an attractive option for businesses looking to reduce their operating expenses.
- Proactive government support: The government of Ras Al Khaimah is very supportive of businesses, and it offers a number of programs and incentives to help businesses succeed. This includes providing funding, training, and networking opportunities.
- Streamlined regulations: The regulations in Ras Al Khaimah are much more streamlined than those in other parts of the UAE, making it easier and faster to set up and operate a business.
- 100% foreign ownership: There are no restrictions on foreign ownership in Ras Al Khaimah, so businesses can be 100% owned by foreign investors.
If you are considering setting up a business in the Middle East, Ras Al Khaimah is a great option. It offers a number of advantages that can help your business grow and succeed. It is a strategic location with a favorable business environment, competitive costs, and a wide range of benefits for businesses.
We can help you with every step of the process of setting up a company in RAK.
We are a business setup consultancy in UAE.
A consultant can help you choose the right business for your needs and help you set up your business in the RAK Free Zone.
Contact us today to learn more about our business setup services in UAE.