RAKEZ COMPANY FORMATION
Ras Al Khaimah Economic Zone (RAKEZ) was established in 2017 to oversee and manage the specialised zones and clients of the two rapidly growing UAE free zones, RAK Free Trade Zone (RAK FTZ) founded in 2000 and RAK Investment Authority (RAKIA) in 2005. RAKEZ is situated at the heart of Ras Al Khaimah and offers specialised solutions to businesses in both free zones and non-free zones.
RAKEZ is one of the top investment centres in the UAE, with a thriving international community of over 50 industries, including startups, SMEs, and industrialists. When setting up a business in RAKEZ, entrepreneurs can choose between a FREE ZONE or a NON-FREE ZONE (MAINLAND) entity formation.
Advantages of a RAKEZ licence
1.
100% foreign ownership is allowed.
2.
There is a complete exemption from income and corporation taxes.
3.
Guaranteed return on capital and profit.
4.
Quick issuance of UAE visas and residence permits.
5.
Fewer restrictions on foreign labour.
6.
No monetary limits on transactions.
7.
No customs duties are charged.
8.
Excellent accessibility to airports and seaports.
9.
Transparent legislation and regulations.
10.
VAT (Value Added Tax) is charged at 5%.
11.
Signed DTA (Double Taxation Agreement) with 115 countries.
