Ras Al Khaimah began an ambitious phase of development including
investments in infrastructure improvement, tourism, shopping,
and efforts to attract industrial and commercial enterprises.
Among the most important of these endeavors is the establishment
of the RAK Free Trade Zone (RAKFTZ). The geographic location and
proximity of Saqr Port, positions RAKFTZ as the port for all northern
markets. Moreover RAK is the closest emirate to the main shipping
lane traversing the Strait of Hormuz and to all of the northern
markets such as Iran, Pakistan, India, the CIS countries and the
fast emerging China.
The main objective was to source and attract environment-friendly,
quality companies with the emphasis on technology-oriented industries.
The simple procedure and lower operational cost of the RAKFTZ
compared to others in the region is one of the many attractive
features for investors. Professional and superior service staff
takes the investor step by step from stage one of the simple application
procedures to the finalization of the licence and official documentation.
The free zone's transparent laws and regulations, express registration
procedures and the excellent service add to the value
In addition to normal Free Zone services, RAKFTZ assists the clients
with marketing services, e-registrations, referrals, showrooms,
government incentives, opening new markets, incubation centers
etc., living up to its reputation of being a truly positive and
stress free zone.
Reasons to invest in RAK Free Trade Zone:
· Politically safe.
· Free from corporate and income taxes.
· Competitive labor, office and warehouse rates.
· Cheaper cost of living.
· Progressive and fast growing Free Zone.
· Easy road, sea and air access.
· The first port when entering the Gulf
· Growing rapidly.
· Beautiful coastline
Incentives RAKFTZ offers to its companies:
· 100% foreign ownership.
· 100% income and corporate tax exemption.
· 100% Capital & Profit repatriation.
· Long term renewable lease.
· Strategic location with access to over 1.2 billion consumers..
· Transparent laws and regulations.
· Promotion centers in Dubai and Abu Dhabi.
· Simple and fast application procedures.
· Abundant energy supply.
· Easy international access.
· Marketing support services.
