Product Details
Ras Al Khaimah (RAK) is one of the seven emirates which comprise the United Arab Emirates (UAE), along with Abu Dhabi and Dubai. With a reputation for a business-friendly investment environment and a competitive cost of establishing and operating companies, the emirate is the home of Ras Al Khaimah Free Trade Zone (RAK FTZ). The free zone is a world-class investment destination where more than 7,500 international businesses are currently established across four free zone parks. The companies operating in RAK FTZ benefit from a completely tax-free environment, freedom to source labour and materials globally, and many other investment support incentives.
Why invest in Ras Al Khaimah?
Location and Logistics
- Due to its strategic location, Ras Al Khaimah (RAK) is ideally positioned as a gateway to the sizeable markets of Africa, Europe, the Middle East and South Asia.
- Additionally, companies can profit from fast-growing economies in RAK and the rest of the UAE, with additional growth from the upcoming World Expo 2020.
- Logistics in RAK provided by five sea ports and an international airport.
- Multi-lane super-highways E311 and E611 connect RAK to other emirates and neighbouring countries.
- Less than an hour's drive from Dubai International Airport, serving more than 125 airlines flying to over 284 destinations across six continents.
- 90 minutes to Jebel Ali Sea Port, the largest port in the Middle East.
Safety, security and stability
- complete personal and investment safety
- an island of security in a turbulent region
- highest levels of government stability as affirmed by S&P's 'A/A-1' rating.
Cost of Living - 25% to 50% less than UAE average including:
- real estate > consumables
- recreation and entertainment > education.
Business-friendly regulatory environment
- zero taxes (no corporate, personal income, or sales taxes)
- no restrictions on profits/capital repatriation
- fixed foreign exchange.
Diversified and resilient economy
- average of 8% GDP growth over the last three years
- strong diversification across multiple sectors including manufacturing, services, trading and tourism
- highest level of industrialisation in the UAE, with manufacturing at 26% of the GDP
- headquarters of industry-leading companies such as RAK Ceramics, Julphar Pharmaceuticals and RAK Bank.
What are the additional benefits of operating in RAK Free Trade Zone?
Setting up a business in RAK FTZ is quick and easy. RAK FTZ allows you to own 100% of your business, and provides comprehensive packages that include everything an investor needs to set up operations. This includes your licence, visas and company registration, as well as ready-made facilities such as offices, warehouses and land for development.
Services
- quick and easy registration
- fast-track business licences for nearly all activities
- visa issuance - easily renewable three-year residence visas for investors, managers and workers
- support for opening UAE bank accounts
- continuous support for your business (Mazeed service desk)
- insurance > creative design
- advertising > procurement
- event management > recruitment
- training > other.
Ready-to-occupy facilities
- Flexi desks and flexi offices - furnished and semi-enclosed work stations and offices for part-time use
- high-quality office space for lease
- warehouses for lease
- serviced land for industrial development
- co-located labour accommodations for lease.
Investment-supportive regulatory environment
- labour
- freedom to source labour from anywhere around the world
- ample availability of labour in the UAE across a range of cost and qualification criteria
- ability to build your own labour accommodation on site
- 100% foreign ownership, with flexible legal structures
- free sone LLC > branch > subsidiary.
Costs
- affordable business packages for all company sizes starting at just over US$4,000
- cost-effective lease rates - up to 50% lower than other emirates
- no customs duty on re-exported goods.
For more information, please call 800 7111, email [email protected] or visit www.rakftz.com
What businesses operate from RAK FTZ?
We welcome companies and entrepreneurs from virtually all business sectors to set up in RAK FTZ. Our more than 7,500 free-zone clients come from over 100 countries and span across almost every sector, including a few examples below:
Light industrial
- food and beverage processing
- electronics and consumer products assembly
- cosmetics manufacture and perfume blending
- medical equipment and pharmaceuticals
- industrial equipment assembly
- machining and metal cutting
- metal coatings
- oil and gas equipment
- gas liquefaction and bottling
- carpentry
- textiles and apparel
- equipment service and repair.
Heavy industrial
- vehicle assembly and customisation
- architectural, automotive glass and glassware
- fibreglass/insulation materials
- building materials
- pre-engineered buildings and steel fabrication
- concrete and precast structures
- metal alloys, dies and extrusions
- steel pipework manufacturing
- chemical engineering and manufacturing
- plastics and polymers
- paint manufacture
- lubricants
- rubber products
- packaging products manufacturing.
Value-added distribution and trading
- food repackaging and labelling
- antiques and artwork
- aerospace spares
- auto parts
- building materials
- medical equipment and pharmaceuticals
- building equipment and machinery.
Logistics
- shipping management and chartering
- commercial logistics services.
Services
- e-commerce
- legal and translation consultancy
- logistics consultancy
- auditing and financial consultancy
- ICT consultancy
- marketing and management
- aerospace consultancy
- oil and gas consultancy
- product training, service and repair.
Education
- universities
- branch campuses
- training institutes
- distance/online learning
- educational services.