Michael R. Scotch
1. Ras Al Khaimah Free Trade Zone (RAK FTZ)
Due to its competitive costs and world class infrastructure, RAK FTZ has become one of the fastest growing progressive investment destinations in the world. Housing more than 8000 companies from across 100 countries, this Free Zone proudly represents diverse industry sectors.
Benefits of RAK FTZ:
Customized Free Zone parks for each business need:
Business Licenses offered:
1. General Trading License
This license allows the license holder to participate in trading activities and trade all commodities permitted within the UAE. Based on the company’s operations, certain commodities such as explosives cannot be traded as they require additional authorization and approvals.
2. Commercial License
This license allows import, export, distribution and storing of items specified on the license. You are permitted to have 2 different product lines.
3. Industrial License
The license holder can import raw materials, then manufacture/ process / assemble / package the specified products, and export the finished product.
4. Consultancy License
This license come in handy to organizations that specialize in providing professional advice and encourages all forms of professions such as craftsman, artisans etc.
2. Ras Al Khaimah Investment Authority (RAKIA)
Constituted by the Emiri Decree, the RAKIA was created to enhance the investment environment and economic development of the UAE. The authority is an industrial licensing and promotion agency that aims to attract investments into Ras Al-Khaimah.
3. RAK Media Free Zone
The Emirate's Investment Authority established this free zone to create an ideal business platform for companies in the media field such as computer graphic houses, television channels, media establishments etc. This free zone was developed due to the costly standard of living in Dubai, hence making this location a more favorable one.
Benefits of RAK Media Zone