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Getting Started - Ras Al Khaimah Free Trade Zone (RAK FTZ)

Contributed by Oxford Tax Solutions
November 5, 2015

RAK FTZ is A Profitable & Cost-Effective Destination for Global Markets

Ras Al Khaimah Free Trade Zone is renowned for being a cost-effective haven to a diverse range of European, South Asian, Middle Eastern and North African markets. Its strategic location enables businesses and companies to easily access the East and West markets, taking advantage take of trade activities amongst the East and West.

RAK FTZ is located half an hour away from Dubai. The lucrative free zone is recognized as one of the fastest growing free zones across the United Arab Emirates (UAE), being the home to more than 8000 companies from more than 100 countries throughout the world. The companies in RAK FTZ engage in more than 50 industries.

RAK FTZ provides a variety of benefits to businesses and companies including top-notch services and faculties as well as all the advantages available in every other free zone located within the UAE. The difference is that RAK FTZ provides all these services and facilities at much lower costs, thus clients and business owners receive greater returns on investments made.

 

RAK FTZ provides a complete range of services to facilitate a business-set up: 

RAK FTZ provides an all-inclusive and comprehensive procedure regarding company set ups, enabling companies to set up efficiently and rapidly. Several of the services RAK FTZ provides are outlined below:

  • Company Documents
  • Business Licenses
  • Diverse range of Facilities
  • Visas Issuance

 

RAK FTZ's value-added services include:

  • Advertising
  • Staff Recruitment
  • Staff Training
  • Document Translation
  • Application for Emirate ID
  • Legal Representative to confirm & review documents
  • Procurement

 

RAK FTZ provides multiple benefits including:

  • Easy Company Registration
  • Rapid Company Registration
  • No Taxes
  • 100% Foreign Ownership
  • Diverse Facilities that suit the business needs of companies
  • Visa Issuance
  • Flexible & Easy Recruitment
  • Re-Exported Goods are not subject to Custom Duty
  • Top-Notch Communication Facilities
  • Straight-forward Legislation (not ambiguous)
  • Strategic location (Dubai is 95 kilometers away)
  • Easy access to and from UAE airports & major ports
  • Energy supply

 

RAK FTZ is made up of THREE Parks:

Business Park - is conveniently located in the centre of Ras Al Khaimah's business quarter. The Business Park is in close proximity to numerous renowned UAE landmarks and attractions such as, the Hilton Hotel, RAK Exhibition Centre as well as Al Manar Shopping and Entertainment Mall. All the offices in RAK FTZ's Business Park are fully furnished and functional.

Industrial Park - is spread over a 300-hectare area. The Industrial Park is located along of Ras Al Khaimah's coastal road, approximately 15 kilometers from the city. The park serves as a warehousing and construction site. The Industrial Park provides a range of facilities including a Custom Office, Administrative Services Centre, Support Services Centre as well as on-site accommodation for the employees of companies.

Technology Park - covers an area of about 100 hectares. The Technology Park is found on the south of Ras Al Khaimah, allowing easy access from Dubai by using the E 311. The Technology Park focuses on light industry and automated manufacturing projects.

RAK FTZ's fourth park -  is currently being developed. The fourth Park will be named Al Ghayl Industrial Park.

 

Tags: business | services | Ras Al Khaimah | Dubai | Recruitment | trade | United Arab Emirates | construction | investment | Energy | Europe | Africa | Middle East | manufacturing | Tax | employees

 

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