Ras Al Khaimah Free Zone

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:

 

  • Full foreign ownership
  • A tax-free investment environment
  • Quick and easy registration and licensing process
  • A wide range of real estate facilities to suit your individual business needs
  • The Mazeed Services for translation of documents, procurement support, recruitment of employees, creation and printing of corporate materials and more.
  • Strategic proximity to markets across the world

 

Customized Free Zone parks for each business need:

  1. Technology park
  2. Business park
  3. Academic zone
  4. Industrial park

 

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.

 

 

Services offered:

 

  • Offering a wide range of business licenses to companies within the trade zone
  • Providing space facilities for business (industrial land, warehouse, office space etc.)
  • Issuing licenses for offshore companies

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

 

  • A global networking platform for the media companies
  • Accommodation & recreation
  • A favorable business environment
  • Proximity to large markets
  • High tech communication facilities
  • Internal work environment.
  • Lower operational costs
  • State-of-the- art facilities
  • World-class infrastructure

Free Zones in UAE

Abu Dhabi

Dubai

Sharjah

Ajman

Umm Al Quwain

Ras Al Khaimah

Fujairah

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