RAKEZ is a massive commercial and industrial hub preparing for new world diversification of businesses to make RAKEZ the new business destination..
RAKEZ or Ras Al Khaimah Economic Zone is a massive commercial and industrial hub that provides free and non-free zone enterprises in a global community thriving in more than 50 different industries with adaptable solutions. It is situated in the city’s core in Ras Al Khaimah, United Arab Emirates. Only 45 minutes from the commercial center of Dubai, Ras Al Khaimah is quickly emerging as the preferred investment location for investors from all over the world.
Past and Present
In fewer than ten years after its establishment, Ras Al Khaimah Free Trade Zone (RAKFTZ) has already transformed into a world-class economic hub with access to more than 2 billion consumers, state-of-the-art infrastructure and technology, and high-tech facilities for industrial growth and development. The Free Zone provides investors with specialized support services. It is one of the most affordable free zones in the area. More significantly, it provides a completely trouble-free and customer-friendly setting, which is crucial for the success of any business.
RAKEZ has been a preferred site for foreign investors due to its beneficial combination of cheap operating costs and a unique environment for economic activities.
Number of Free Zones
Ras Al Khaimah Free Trade Zone Authority has developed a system consisting of four one-of-a-kind free zone parks designed to meet individual investors’ needs following those investors’ specifications. The concept of the Four Parks incorporates the Business Park, the Industrial Park, the Technology Park, and Al Ghail Park. These parks provide facilities such as offices, fitted warehouses, and land. Each Business Park in the Ras Al Khaimah Free Trade Zone caters to the distinct commercial pursuits and operations of RAK FTZ investors. They are dispersed across the emirate of Ras Al Khaimah in various locales.
Free Zone Offices And Warehouses
Incorporating your business in Ras Al Khaimah is a smart move for any company. Still, it works particularly well for companies that need regular access to warehouses and other storage facilities. RAKEZ is one of the selected free zones that always has completely configurable warehouses and industrial land parcels available for building. This makes RAKEZ one of the most attractive options for businesses looking for a free zone. Because of this, RAKEZ is exceptional among free zones.
Taxation in RAK Free Zone
RAK free zone has a reputation for setting up offshore companies mainly due to the tax exemptions which benefit foreign investors. Few other tax exemptions available in RAK free zone are:
- zero corporate tax;
- zero income tax;
- free capital and profits repatriation;
- zero sales tax;
- zero wealth tax.
RAKEZ E-commerce
RAKEZ lunched E-commerce license to support market growth and business diversification to online shopping, this license had got huge attractions from different businesses around the world to facilitate their expansion from or through UAE and that due the advantages combined to their offer that can be associated to other essential services including VAT registration, accounting & compliance…..read more about RAKEZ Ecommerce
RAKEZ Coworking Compass
Coworking Compass offices flexible desk in a business center with inspiring environment, it is a great place for start-ups and small team to have fully equipped offices, far away from daily office routine to complete pre-set office that combine your day to day office routine and socialise with other fellows from other businesses rather than growth events that regularly organised within the premises to exchange knowledge and business…..read more about RAKEZ Compass Coworking
Role of GHS Logistics (GHSL)
In the market for freight forwarding and 3PL’s, GHS Logistics is a well-known as one market leader for comprehensive solutions of freight for full container load (FCL) shipments to Ras Al Khaimah as destination, to both direction as mainland or free zones. GHSL provides added value services and benefit of supporting at Customs arrangements and offer customs clearance at different entry points to UAE whether it is seaport or airport like Jebel Ali port, Dubai Airport , RAK Airport, or Saqr port which also known globally as RAK port,
GHS Logistics participated in many event and seminars with RAKEZ companies, along to act as an advisory proactive company to a multi-billion dollar investments converted to acquiring business, in addition to an increasing number of investment opportunities made available by local community and the government of Ras Al Khaimah.
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