Ras Al Khaimah Free Trade Zone (RAK FTZ): Ras Al Khaimah: the gateway to emerging markets

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.