Ras Al Khaimah Economic Zone (RAKEZ) is a strategic initiative by the government of Ras Al Khaimah to combine RAK Free Trade Zone (RAKFTZ) and Ras Al Khaimah Investment Authority (RAKIA). RAKEZ is established to amalgamate both authorities in single umbrella along with their 13000 clients and make RAKEZ, the biggest free trade zone in UAE.
RAKFTZ and RAKIA had been contributed a vital role and played as driving forces to the economic development of the emirate of Ras Al Khaimah in the past years. Looking forward to the next level both authorities decided to collaborate in this journey of economic development and gave emerged to RAKEZ in 2017.
RAKEZ is a platform where the investors from varied sector can penetrate local, regional and global markets through setting up of Freezone and Non-Freezone companies. RAKEZ free zone offering five strategic location includes RAKEZ Business Zone, Al Ghail Industrial Zone, Al Hamra Industrial Zone,Al Hulaila Industrial Zone and RAKEZ Academic Zone for all kinds of business registration. Below are the details of Freezone registration.
Factor | Description |
Established in | 2017 |
Number of companies | More the 13,000 multinational companies form over 100 countries |
Industry focus | All industries |
Limited liability company | Yes |
Minimum number of shareholder | 1 |
Minimum number of director | 1 |
Corporate shareholder allowed | Yes |
Corporate director allowed | No |
Public register of shareholder and director | No |
Access to UAE Double Taxation Treaties | Yes |
Port of Free zone | No |
Allowed to import export goods | Yes |
Commercial offices | Yes |
Industrial premises | No |
Warehousing facility | Yes |
Accommodation facilities | Yes |
Prominent companies at Free zone | |
Location of directors and shareholders meeting | Anywhere |
Residency visa issued | Yes |
100% Foreign ownership permitted | Yes |
100% Repatriation of capital and profits | Yes |
Corporate, personal and withholding tax | Yes |
Language | English and Arabic |
Standard currency of Capital | AED |