Ras al khaimah Maritime City

Ras Al Khimah Maritime City

RAK Maritime City Free Zone is the latest, and most advanced, maritime free zone to open in the United Arab Emirates. The vision of H.H. Sheikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, RAK Maritime City Free Zone is a project of huge dimensions, which in turn will have a long lasting impact on the maritime industry across the region. The fifth state of the art port facility in the Emirate of Ras Al Khaimah, the project covers 8 million square metres of strategically located coastland, combining a dedicated harbour, access to Deepwater berths in the future, 5 kilometres of new quay wall, exclusive private jetties, deep harbour entrance, plus a variety of plots for industrial, commercial and general trading businesses.

The benefits are as diverse as the offerings. RAK Maritime City Free Zone combines the best in international port facilities with inherent business advantages for companies seeking cost efficient, secure, transparent and customized business answers with the best in tax benefits. RAK Maritime City Free Zone will be zoned into areas for specified use — retail, warehousing, general cargo handling, industrial production and manufacturing, tank storage and shipbuilding or repairs.

 Factor Description
Established in 2009
Number of companies Over 1,600
Industry focus Maritime industry
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 Ras Al Khaimah Port, Saqr port, Al jeer port and Al  Jazeera port
Allowed to import export goods
Commercial offices Yes
Industrial premises No
Warehousing facility Yes
Accommodation facilities Yes
Prominent companies at Free zone JKA Shipping, Cleveland Sky Technical Services LLC, Sea Master Maritime
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 Nil
Language English
Standard currency of Capital UAE Dirhams

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