How To Start Freezone Company Setup In Ras Al Khaimah Economic Zone?

As of April 2017, guided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, United Arab Emirates Supreme Council Member and Ruler of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) was established to oversee and consolidate the specialized zones and clients of both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). RAKEZ is now one of the largest economic zones in the region, covering about 33 million square meters of land and housing over 13,000 companies, currently served by RAK FTZ and RAKIA from over 100 countries representing more than 50 sectors. RAKEZ is the continuation of the story that started with the foundation of RAK FTZ in 2000 and the establishment of RAKIA in 2005. RAKEZ is committed to its promise of empowering clients and investors by offering a cost-effective and world-class economic zone with customizable packages and services as well as state-of-the-art facilities. Blessed with a strategic location, RAKEZ connects investors to growing markets of the Middle East, North Africa, Europe as well as South and Central Asia.

FEATURES

• Free zone and non-free zone entity formation
• 100% ownership
• Fast and efficient business setup processes
• Wide-ranging business and industrial facilities and value-added services
• Provision to build on-site staff and labor accommodation
• One-stop-shop facility for services
• Self-service customer portal
• Connectivity to major logistical hubs and multilane superhighways
• Accessibility via an international spread of regional offices
• Easy access to markets across the Middle East, Europe, North Africa, and Asia regions

RAS AL KHAIMAH MARITIME CITY (RAKMC)

RAKMC was created as a Free Zone by Emiri Decree in December 2009, and the Decree also confirmed the boundaries of the new maritime city. The benefits are as diverse as the offerings. RAK Maritime City free zone combines the best in international port facilities with inherent business advantages for companies seeking cost-efficient, secure, transparent, and customized business answers with the best in tax benefits. RAK Maritime City will be zoned into areas for a specified use – retail, warehousing, general cargo handling, industrial production and manufacturing, tank storage, and shipbuilding or repairs. Each will be able to incorporate companies as both FZE and FZC entities, along with a choice of trading licenses, work permits, and UAE residence visas. With significant land expansion available for individual companies, outstanding access to a variety of markets, low operating costs, and complete business support in all your ventures, RAK Maritime City is your maritime gateway into the region.

FEATURES

• RAKMC Free Zone issues both FZE and FZCO licenses. Work permits and residence visas are also issued by RAKMC. The Free Zone is divided into two types of plots
• Plots with a linear quay length as part of its boundary, and giving exclusive use of that quay, and plots with no direct access to the water and located away from the harbor area
• RAKMC is also zoned into areas for specified uses – retail, warehousing, general cargo handling, industrial production and manufacturing, and shipbuilding and repairs
• Plots are available with a minimum size of 25,000 sqm. However, plots with an exclusive berth/jetty of 100 linear meters will necessitate a minimum leased area of approx. 40,000 sqm.
• Lease agreements are being offered for 25 years, renewable for a further 25 years. Longer leases will be considered for periods up to 99 years.