Setup a Business in Ras Al Khaimah

July 17, 2024

Ras Al Khaimah is not only a beautiful tourist place but has also come to be a desired business destination attracting investments in its free zones, said His Highness Shaikh Ahmad Bin Saqr Al Qasimi, Chairman of RAKEZ, RAK FTZ and RAKIA, and growing number of investors.

Looking to build a strong presence in the GCC region? Ras Al Khaimah Economic Zone (RAKEZ) offers opportunities for global investors which can help you go further in your business journey, with premier facilities and exceptional services to support company formation of all sizes and types. This authority comprises both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA) clients and parks.

Ras Al Khaimah Economic Zone’s (RAKEZ) is a great investment environment for all local and international investors, HH Sheikh Ahmed said, as it aims to continue attracting diversified investment opportunities that will contribute to the economic growth of the emirate.

With easy business set-up procedures, the option for leasing or building a facility and visas available for owners, managers, partners, and non-local employees, the RAK Free Trade Zone is a good option for multinational companies wanting to be part of the growing markets of the Middle East, North Africa, Europe as well as South and Central Asia.

RAK is located in the northern part of the country in the fourth-largest emirate. It comprises four different parks: a business park with administrative buildings; an industrial park with warehouses, employees accommodation, heavy industry; the academic zone with educational organizations; and the technology park for light industry and automation.

Ras Al Khaimah Free Trade Zone (RAK FTZ) provides a tax-free environment (no corporate tax, no VAT), with 100% foreign ownership and no local sponsor required, supporting both established and new businesses whilst allowing them to enjoy more earned profits of their services. It is a port to attract cargo business and for movement of goods with great opportunities for business supply chains to reach foreign markets from RAK’s port-based SEZs.

UAE’s Ras Al Khaimah Free Trade Zone is home to several multinational companies from many countries. As a result, this has made Ras Al Khaimah one of the fastest growing emirates in the UAE and the region.

Feel free to contact us about opportunities in UAE Free Zones to begin your new venture with countless opportunities of investments and jobs.