What is RAKEZ?
RAKEZ, which stands for Ras Al Khaimah Economic Zone, is one of the prominent economic zones in the United Arab Emirates (UAE). It is located in the Emirate of Ras Al Khaimah and is designed to attract businesses from various sectors by offering a business-friendly environment and a range of incentives. RAKEZ aims to support economic diversification and promote investment in the emirate.
Key features and benefits of RAKEZ include:
1. Business Setup Options: RAKEZ offers various types of business licenses, allowing companies to engage in different activities, such as trading, manufacturing, services, and consulting.
2. Wide Range of Industries: RAKEZ accommodates businesses from diverse industries, including manufacturing, trading, real estate, tourism, services, and more.
3. Cost-Effective Solutions: RAKEZ provides cost-effective business setup options, with competitive fees, customizable packages, and flexible payment plans.
4. Physical Infrastructure: The economic zone offers modern facilities, including office spaces, industrial units, warehouses, and land plots, catering to different business needs.
5. Tax Benefits: Companies established in RAKEZ can benefit from tax exemptions and incentives, including corporate income tax exemptions, personal income tax exemptions, and no import or export duties.
6. 100% Foreign Ownership: RAKEZ allows foreign investors to own 100% of their businesses, providing full control and ownership.
7. Easy Company Formation: The business setup process is streamlined and efficient, allowing for quick company registration and licensing.
8. Investor Support Services: RAKEZ offers investor support services, including assistance with visas, immigration, and other administrative requirements.
9. Strategic Location: Ras Al Khaimah’s location provides proximity to key markets and transportation hubs, facilitating trade and logistics.
10. Industry Clusters: RAKEZ has established industry-specific clusters, bringing together businesses in related sectors for enhanced collaboration and synergy.
11. Regulatory Environment: RAKEZ operates within a clear and transparent regulatory environment, providing a stable foundation for business operations.
12. One-Stop Shop: RAKEZ offers a one-stop shop for all business setup and administrative needs, simplifying the process for investors.
RAKEZ’s offerings and benefits make it an attractive option for businesses looking to establish a presence in the UAE. However, it’s important to note that regulations and incentives can change over time, so it’s recommended to visit the official RAKEZ website or consult with their representatives to get the most up-to-date and accurate information regarding their services and offerings.