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.
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.
Role of GHS Logistics (GHSL)
In the market for freight forwarding, GHS Logistics is well-known for full container load (FCL) shipments to Ras Al Khaimah, including both the mainland and the free zones. This company provides the benefit of arranging customs clearance from either Jebel Ali port or Saqr port (also known as RAK port), in addition to an increasing number of investment opportunities made available by the government of Ral Al Khaimah.
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