Ras Al Khaimah Economic Zone (RAKEZ) is one of the most prominent free zones in the United Arab Emirates (UAE), strategically located in Ras Al Khaimah, a rapidly developing emirate known for its business-friendly environment. Established in 2017 through the merger of Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), RAKEZ has quickly become a key player in the UAE's economic landscape, attracting businesses from around the globe.

Strategic Location and Infrastructure

RAKEZ is strategically positioned between Europe, Asia, and Africa, providing businesses with easy access to key markets. The economic zone offers state-of-the-art infrastructure, including industrial zones, business parks, and office spaces, catering to a wide range of industries. Its proximity to major seaports, airports, and highways further enhances its appeal as a logistical hub for international trade.

Business Sectors and Services

RAKEZ is designed to accommodate a diverse array of business sectors, from manufacturing and logistics to services and trading. The zone offers tailored solutions for various industries, including:

• Manufacturing: RAKEZ provides extensive industrial zones with flexible warehouse and land leasing options. The economic zone also supports light and heavy industries with specialized facilities and services.

• Trading: With its advantageous location and robust infrastructure, RAKEZ is a prime choice for trading companies looking to establish a foothold in the UAE and beyond.

• Services: RAKEZ offers fully equipped offices and co-working spaces for businesses in the service sector, from consultancy firms to financial services and IT companies.

• Education and Training: RAKEZ is home to several educational institutions and training centers, benefiting from the zone’s comprehensive facilities and supportive regulatory framework.

Business Setup and Licensing

RAKEZ offers a streamlined business setup process, making it easy for entrepreneurs and established companies to start operations in the UAE. The economic zone provides a variety of license types, including:

• Commercial License: For trading and retail businesses.
• Service License: For professional services, consultancy, and related activities.
• Industrial License: For manufacturing and industrial operations.
• Media License: For media-related businesses, including advertising, publishing, and broadcasting.
• Educational License: For institutions offering educational services and training programs.

The process of setting up a business in RAKEZ is known for its efficiency, with minimal paperwork and quick approvals, making it an attractive destination for investors.

Advantages of Operating in RAKEZ

RAKEZ offers several advantages to businesses, making it one of the most competitive free zones in the UAE:

• 100% Foreign Ownership: Companies operating in RAKEZ enjoy full ownership without the need for a local partner.

• Tax Benefits: RAKEZ provides a tax-free environment with no corporate or personal income taxes, allowing businesses to maximize their profits.

• Customs Duty Exemption: Companies benefit from exemption on customs duties for goods imported into the free zone.

• Strategic Location: RAKEZ’s location offers easy access to major global markets, making it a strategic base for international operations.

• Comprehensive Support Services: RAKEZ offers a wide range of support services, including visa processing, banking assistance, and legal support, ensuring businesses have everything they need to thrive.

Community and Lifestyle

Beyond business, RAKEZ offers a vibrant community and a high quality of life for expatriates and their families. Ras Al Khaimah is known for its natural beauty, including stunning beaches, mountains, and deserts, providing a unique living environment. The emirate offers excellent healthcare, education, and recreational facilities, making it an ideal place to live and work.

Conclusion

RAKEZ stands out as a dynamic economic zone in the UAE, offering a unique blend of business opportunities, strategic location, and a supportive regulatory environment. Whether you’re an entrepreneur looking to start a new venture or an established company seeking to expand, RAKEZ provides the ideal platform for growth and success in the region. With its commitment to innovation, efficiency, and customer satisfaction, RAKEZ continues to attract businesses from around the world, solidifying its position as a leading economic zone in the UAE.