ADVANTAGES OF ESTABLISHING A BUSINESS IN RAS AL KHAIMAH (RAKEZ)

Ras Al Khaimah, located in the northernmost region of the United Arab Emirates (UAE), is rapidly emerging as a business destination of choice for investors around the globe. Its strategic positioning, cost-effective solutions, and business-friendly environment make Ras Al Khaimah Economic Zone (RAKEZ) a highly attractive hub for entrepreneurs and industrialists.

Ras Al Khaimah - An attractive destination for global business

Let’s explore the key benefits of setting up a business in RAKEZ and why it has become a favored location for over 14,500 companies across 50+ industries.

Full foreign ownership in RAKEZ free zone

One of the most significant advantages of establishing a business in RAKEZ is the opportunity for full foreign ownership. Unlike many regions where foreign investors must partner with local shareholders, RAKEZ offers a 100% ownership model within its free zone. This allows international business owners to maintain complete control over their enterprises without the requirement of local sponsorship.

Diverse business opportunities in various sectors

RAKEZ is not limited to a single industry; rather, it provides fertile ground for a wide array of business activities. Investors can tap into opportunities across sectors such as manufacturing, pharmaceuticals, import-export, food production, and even robotics. The availability of modern industrial facilities, along with a supportive regulatory framework, allows businesses to scale rapidly and take advantage of value-added services designed to foster growth.

Tax exemptions and economic incentives

One of the key motivators for setting up a business in Ras Al Khaimah is the tax incentives offered by the UAE. RAKEZ offers tax exemptions, providing significant financial relief for businesses operating within its jurisdiction. Corporate and personal income tax is set at 0%, meaning that both individuals and businesses enjoy tax-free earnings.

Additionally, the UAE does not impose taxes on import and export activities, which benefits businesses engaged in international trade. This is especially attractive for industrialists and entrepreneurs looking to reduce their operational costs while maximizing profitability. The competitive tax structure serves as a major advantage for those looking to establish their presence in the Middle East.

Dedicated industrial zones and business parks

RAKEZ has developed specific zones and parks that cater to various industries, helping businesses optimize their operations. These segmented zones provide tailored environments to suit particular needs, offering specialized facilities and services.

Notable industrial zones include:

  • Al Hulaila Industrial Zone: Ideal for heavy industries and large-scale manufacturing.

  • RAKEZ Business Zone: Suitable for a wide range of corporate entities.

  • RAKEZ Academic Zone: Geared towards educational institutions and training centers.

  • Al Hamra Industrial Zone: Catering to medium to large-scale manufacturing businesses.

  • Al Ghail Industrial Zone: Known for its manufacturing and logistics facilities.

Business parks:

  • Business Parks: Specifically reserved for corporate entities and office-based businesses.

  • Academic Zones: Designed for educational institutions offering higher learning and vocational training.

  • Technology Parks: Focused on technology-related businesses, fostering innovation in sectors like IT and telecommunications.

  • Industrial Parks: Aimed at businesses involved in large-scale manufacturing.

These zones provide not only physical infrastructure but also administrative and operational support, making them highly attractive to global investors.

Additional advantages of Ras Al Khaimah company registration

When registering a business in Ras Al Khaimah, you enjoy several additional benefits that simplify the process and enhance the overall experience. These include:

  • Minimum shareholders and directors: Only one shareholder and one director are required to establish a company, simplifying the ownership structure.

  • Corporate shareholders: RAKEZ allows corporate shareholders, providing more flexibility in terms of ownership and control.

  • Double taxation avoidance: The UAE has signed the Double Taxation Avoidance Agreement with over 90 countries, ensuring that businesses do not face the burden of paying taxes twice on the same income.

  • Annual license renewal: Business licenses in Ras Al Khaimah are renewed annually, and the process is straightforward and transparent.

  • Wide range of business opportunities: From trading to manufacturing, Ras Al Khaimah offers a diverse array of business opportunities, ensuring that there is something for every type of investor.

Considering establishing a limited company in Ras Al Khaimah (RAK)? Let G2B be your trusted partner, guiding you through every stage of the Incorporation process in RAK with reliability and dedication. Contact G2B today to achieve your goal of expanding your business to RAK!

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