Ras Al Khamiah Free Zone/ RAKEZ
Ras Al Khamiah Free Zone RAKEZ Project is a free trade zone based on the RAK Investment Authority (RAKIA). RAKEZ is the Free Zone subsidiary of RAKIA, and was established in order to effectively manage and operate the establishment of the project. It is a safe natural harbor for big ships, it is one of the pioneer zones in UAE. RAKEZ has been thriving for many years in the processing and manufacturing of semi-finished products used in petrochemicals, plastics, marine equipment. The government of Ras Al Khaimah Free Trade Zone (RAK FTZ), the sole free trade zone in the UAE, and Ashghal, the upgrade authority of transportation infrastructure in the Emirate of Ras Al Khaimah, have signed a MoU for establishing RAKZ – the new free zone internationally recognized for development promising projects.
Rakez is basically a Government of RAK initiative covering the development of an Industrial and Free Zone for the economic development of the region. The initiative was part of Premier Sheikh Khalifa bin Zayed Al Nahyan’s vision to establish comprehensive and integrated industrial infrastructure that would encourage investors to set up high specialization industry which will transform Dhofar Governorate into one of the major centers for industrial activities in the Middle East. RAKEZ terminal is the 1st Free Trade Zone & Logistic Center in UAE. It’s a modern facility supporting industrial, commercial and logistics activities as well as offering business services such as banking, insurance & law whereas it’s also the only airport in Ras Al Khaimah that has its own railway station which makes it more convenient for transfer of cargo to and from all over the world.
Ras Al Khamiah company formation is a popular option for many businesses due to its strategic location and proximity in the region. Ras Al Khaimah Free Zone RAKEZ comprises the Hamriyah Free Zone, which is well known for choices of land plots and warehouses, the Ras Al Khaimah Industrial Estate (RAKEZ) which has numerous labor accommodations and a large variety of office buildings and factories, all situated within a fully integrated infrastructure system. Ras Al Khamiah Emiri Free Zone is one of the few free zones in the UAE which have customizable warehouses and plots of industrial land for development. If you plan to invest in warehouses or labor accommodations, Ras Al Khamiah Free Zone is the ideal location for your business. For companies that need warehouses for storage and other logistic facilities, RAKEZ is the best option. You are free to choose a suitable warehouse according to your needs.
RAKEZ are also offering rentable accommodation space for staff and labor communities. Ras Al Khamiah is one of the distinguished Free Zones established by Ras Al Khaimah Government in order to join its efforts in supporting the national objectives and strategies. Companies operating in Ras Al Khamiah Free Zone RAKEZ enjoy a 100% exemption of income tax for the first five years and 50% for next five years. RAKEZ is a free zone that offers immaculate business facilities and a wide range of services to foreign investors. It stands out as one of the biggest Free Zones in the Middle East, and specializes in manufacturing, computer technology, printing and publishing, petroleum products, trading, transport and logistics.
Some of the license categories you can get your license is with below:
Some of the major Benefits of opening a company in Ras Al Khamiah Freezone are as below:
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