Ras Al Khaimah Economic Zone (RAKEZ) is a business and industrial hub located in the emirate of Ras Al Khaimah, one of the seven emirates of the United Arab Emirates (UAE). Here are key features and aspects of RAKEZ:
1. Location:
- RAKEZ is strategically situated in Ras Al Khaimah, offering proximity to key markets in the Middle East, Europe, and Asia. It provides easy access to major seaports and airports.
2. Business Activities:
- RAKEZ supports a diverse range of business activities, including manufacturing, trading, services, and logistics. It accommodates businesses from various industries, making it a versatile economic zone.
3. Licensing Options:
- RAKEZ offers various licensing options, including commercial licenses, industrial licenses, and service licenses. This flexibility allows businesses to choose the license type that aligns with their specific activities.
4. Infrastructure:
- RAKEZ provides modern and well-equipped infrastructure, including office spaces, warehouses, and industrial facilities. The zone is designed to meet the needs of businesses of different sizes and industries.
5. Cost-Effective Solutions:
- RAKEZ is known for its competitive cost structures, making it an attractive option for businesses looking for cost-effective solutions in setting up and operating.
6. No Currency Restrictions:
- Businesses in RAKEZ benefit from no currency restrictions, facilitating international transactions and trade.
7. 100% Foreign Ownership:
- RAKEZ allows businesses to have 100% foreign ownership, providing an attractive proposition for international investors and companies.
8. No Import or Export Duties:
- Companies in RAKEZ enjoy exemption from import and export duties, contributing to cost savings for businesses involved in trade and manufacturing.
9. Licensing and Registration:
- The process of setting up a business in RAKEZ involves obtaining the necessary licenses and registrations from the RAKEZ Authority. The authority oversees the regulatory framework and ensures compliance.
10. Business Support Services: – RAKEZ provides a range of support services for businesses, including business setup assistance, visa services, and access to a network of service providers.
11. Land Leasing Options: – RAKEZ offers land leasing options for industrial and manufacturing purposes, allowing businesses to develop customized facilities based on their specific requirements.
12. Business Community: – RAKEZ is home to a diverse and dynamic business community, fostering networking and collaboration opportunities among its tenants.
13. Free Zone and Non-Free Zone Facilities: – RAKEZ offers both free zone and non-free zone facilities, providing businesses with the flexibility to choose the setup that suits their needs and preferences.
Overall, RAKEZ provides a business-friendly environment with a range of facilities and services to support the growth of businesses in Ras Al Khaimah. Its strategic location, cost-effectiveness, and diverse business ecosystem make it an appealing option for companies looking to establish a presence in the UAE.
