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Ras Al Khaimah Economic Zone (RAKEZ), a corporate powerhouse and premier industrial hub, is located in the center of the United Arab Emirates’ emirate of Ras Al Khaimah. It is a business license organization that provides unique options for non-free zone and free zone enterprises in the international community of +18,000 companies that thrives in more than 50 industries.
RAKEZ was established by the Ras Al Khaimah government and is one of the biggest economic zones in the area, aiding SMEs, industrialists, startups, and individuals with their business formation procedures and needs. RAKEZ provides a wide range of business licenses in the UAE, residence visa services, customizable facilities, as well as value-added support services including accounting, translation, bank account opening, recruitment, procurement, marketing, and many more.
BENEFITS OF INVESTING IN RAKEZ
Ras Al Khaimah, one of the UAE’s seven emirates, is where RAKEZ is situated. With close proximity to important shipping lanes and airports, its strategic location offers quick access to international markets. It has good connections to the Middle East, Africa, Europe, and Asia’s regional markets.
RAKEZ provides a business-friendly setting with a quick and easy process for establishing businesses and obtaining licenses. operations may easily create and run their operations because to the zone’s one-stop-shop strategy. Investor-friendly regulations make for a hassle-free corporate environment.
RAKEZ provides a wide variety of licenses to meet the needs of different commercial, industrial, educational, and service-oriented company activities. Businesses have the freedom to select the most suitable license for their activities, enabling them to carry out their operations legally and in accordance with local laws.
RAKEZ offers firms enticing benefits such tax breaks, exemptions from paying customs duties, and 100% repatriation of capital and profits. There are no import/export fees, personal or business income taxes, or prohibitions on the use of certain currencies. These incentives aid in cost reduction and boost investor profitability.
RAKEZ provides enterprises with cutting-edge facilities and sophisticated infrastructure. It offers a variety of available offices, storage facilities, and property for lease or buy. To ensure efficient commercial operations, the zone is outfitted with cutting-edge technology, communication networks, and transportation infrastructure.
RAKEZ provides a variety of business support services, including as help with permits, licenses, and visa processing. Additionally, it offers access to market intelligence, networking opportunities, and business consultancy services. The zone plans events and fairs to encourage cooperation and corporate expansion.
The UAE boasts a talented and diverse workforce that includes experts from several industries. RAKEZ benefits from this talent pool, enabling businesses to recruit skilled employees easily. Additionally, the zone offers visa services for employees, facilitating their relocation to the UAE.
It’s crucial to remember that certain advantages and incentives could differ based on the type of license, the nature of the firm, and other elements. It is advisable to speak with RAKEZ or a qualified advisor to learn the precise benefits offered for your particular investment.