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Ras Al Khaimah Free Zone Company Setup ( RAKEZ )

Ras Al Khaimah Free Zone Company Setup ( RAKEZ )

About Ras Al Khaimah Free Zone Company Setup

Certainly! RAK Free Zone, located in the Emirate of Ras Al Khaimah in the United Arab Emirates, is a special economic zone that offers various benefits and incentives to businesses and investors. It provides a favorable environment for companies to establish their operations, with streamlined processes and reduced bureaucratic hurdles.

The ras al khaimah free zone company setup ( rakez ) offers a range of business setup options, including free zone companies, offshore companies, and non-free zone companies. It caters to a diverse set of industries such as manufacturing, trading, consulting, technology, and more. RAK Free Zone, located in Ras Al Khaimah, United Arab Emirates, is a thriving hub for businesses seeking to establish a presence in the Middle East. Its strategic location, modern infrastructure, and investor-friendly policies have made it an attractive destination for entrepreneurs from around the world

Advantages Of Ras Al Khaimah Free Zone Business Setup - Company Formation Dubai

The benefits of setting up a company in RAKEZ Free Zone are numerous. Businesses here enjoy 100% foreign ownership, full repatriation of profits, and exemption from personal and corporate taxes for up to 50 years. Additionally, the free zone offers state-of-the-art facilities, efficient logistical services, and a simplified registration process.

  1. 100% Foreign Ownership: One of the primary benefits of company formation in RAK Free Zone is that it allows for 100% foreign ownership. This means that international entrepreneurs can fully own and operate their businesses without the need for a local partner.

  2. Taxation: RAK Free Zone offers a highly favorable tax environment. Companies established here benefit from zero corporate and personal taxes, as well as zero import and export duties. This can lead to significant cost savings for businesses.

  3. Strategic Location: RAK Free Zone is strategically located, with access to major international markets in the Middle East, Asia, Europe, and Africa. Its proximity to major shipping routes and well-connected transportation infrastructure makes it an ideal hub for trade and distribution.

  4. Easy Company Setup: The process of setting up a company in RAK Free Zone is streamlined and efficient. The zone offers a variety of company structures, such as Free Zone Company (FZC) and Free Zone Establishment (FZE), with simplified procedures and minimal paperwork.

  5. Business-friendly Regulations: RAK Free Zone operates under business-friendly regulations that are designed to promote foreign investment and entrepreneurship. This includes flexible visa policies for investors, employees, and their families.

  6. Modern Infrastructure: The free zone provides state-of-the-art infrastructure, including office spaces, warehouses, and manufacturing facilities equipped with advanced technology and amenities. This helps businesses operate efficiently and comfortably.

  7. Full Repatriation of Profits: Companies established in RAK Free Zone can fully repatriate their profits and capital without any restrictions, allowing business owners to manage their finances more effectively.

  8. Wide Range of Business Activities: RAK Free Zone supports a diverse range of business activities across various industries, including trading, manufacturing, logistics, consulting, and more. This allows entrepreneurs to choose the sector that aligns with their expertise and interests.

  9. Free Zone Incentives: RAK Free Zone offers incentives to attract businesses, such as discounted license fees, reduced visa costs, and assistance with government services. These incentives contribute to cost savings and overall business growth.

  10. Stable Political and Economic Environment: The UAE, including RAK, is known for its stable political environment, sound economic policies, and strong infrastructure development. These factors create a conducive atmosphere for business growth and sustainability.

Step By Step Process For Company Formation In RAKEZ Free Zone

Hurdling the Initial Requirements

To initiate the company formation process, you’ll need to gather the necessary documents, such as your passport copy, business plan, and application forms. The free zone authority will guide you through the requirements.

Choosing the Right Business Activity

Selecting the right business activity is crucial. RAK Free Zone accommodates a diverse range of industries, so it’s essential to align your chosen activity with your business goals.

Selecting the Company Structure

You can choose between a free zone establishment (FZE) for single shareholders and a free zone company (FZC) for multiple shareholders. Each option has its own advantages, so consider your long-term vision.

Obtaining Necessary Licenses

Depending on your business activity, you’ll need to acquire specific licenses. These licenses range from commercial and industrial to service and consulting.

Office Space and Staffing

Selecting appropriate office space is vital. Fortunately, RAK Free Zone provides flexible office solutions tailored to your business needs. Additionally, you’ll need to hire staff if required by your chosen activity.

Opening a Corporate Bank Account

Setting up a corporate bank account is straightforward, thanks to the free zone’s investor-friendly policies. This account will facilitate your business transactions.

Visa Application Process

Applying for visas for you and your employees is an integral step. RAK Free Zone offers efficient visa processing services to ensure a smooth relocation process.

Frequently Asked Questions

1. What is RAKEZ Free Zone?

RAK Free Zone is a business hub in Ras Al Khaimah, UAE, offering investor-friendly policies and a range of benefits for international businesses.

2.How long does it take to set up a company in RAKEZ Free Zone?

The time required varies based on the type of business and the efficiency of the documentation process, but it typically takes a few weeks.

3. What are the key industries in RAKEZ Free Zone?

RAK Free Zone caters to various industries, including manufacturing, trading, consulting, and technology.

4. What is the taxation system in RAKEZ Free Zone?

Businesses in RAK Free Zone enjoy a 50-year tax exemption, making it an economically favorable choice.

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