RAK FTZ

RAK FTZ

　Ras Al Khaimah Free Trade Zone is a cost-effective way to access the global market. It is one of the fastest-growing free trade zones in the UAE and the preferred investment destination for more than 8,000 companies from more than 100 countries around the world, representing more than 50 industry sectors. Ras Al Khaimah Free Trade Zone provides customers with a completely tax-free environment, fast visas, a free source of labor, global raw materials and continuous business support services.

1) Foreign investment can hold 100% of the shares;

2) Exemption from income tax and corporate tax;

3) 100% return on capital and profits;

4) Long-term renewable lease contracts;

5) Radiate to more than 1.2 billion consumers in the surrounding areas;

6) Transparent laws and regulations;

7) Promotion centers in Dubai and Abu Dhabi;

8) Simple and fast application procedures;

9) High-level communication facilities;

10) Excellent seaports and international airports;

11) Adequate energy supply;

12) Marketing services.

RAK FTZ Free Zone Composition

Ras Al Khaimah has the highest level of industry in the UAE region, with manufacturing accounting for 26% of GDP. This includes Ras Al Khaimah Ceramics - the world's largest tile market; Gulf Pharmaceuticals - the largest pharmaceutical manufacturer in the Middle East; Sterlite Group - the world's largest armored vehicle manufacturer; and other leading companies in the industry. Ras Al Khaimah's economic growth has also strengthened its cross-sector diversification, including not only manufacturing, but also services, commerce and tourism. It attracts many investors to register, such as advertising, procurement, affairs management, recruitment and training support.

For customized business solutions for private enterprises, Ras Al Khaimah Free Zone consists of three special free trade zones, including:

· Business Park for office customers

· Industrial Park for heavy industry

· Technology Park for trade and light manufacturing

RAK FTZ meets the business needs

Ras Al Khaimah Free Zone also offers investors a variety of options to suit their specific business needs, including:

· Flexible virtual offices (shared workstations)

· Executive offices (fully equipped office space and advanced telecommunications equipment)

· Warehouses (including storage space of various sizes, offices, restrooms and kitchens)

· Land development (plots can be planned for industrial, logistics and service industries)

RAK FTZ Company License Type

1) Industrial license: The business scope that enterprises are allowed to engage in includes: import of raw materials, manufacturing, processing, assembly, packaging and export of finished products. The free zone requires that such activities must submit project feasibility and environmental impact study reports, as well as customs clearance certificates.

2) Commercial license: The business scope that enterprises are allowed to engage in includes: import and export, commodity distribution and distribution, warehousing.

3) Consulting and service license: The business scope that enterprises are allowed to engage in includes: consulting services related to management, finance, investment, law, labor, economy (including feasibility studies), industrial development, marketing and other related industries.

In addition, it also includes logistics support, such as catering, tourism, leisure, insurance, freight, accounting and auditing services.

RAK FTZ Company Registration Process

1. Sign the agency agreement;

2. Provide, organize, sign and confirm the registration information: company name, shareholder or holding company authorization, shareholder passport or holding company registration certificate articles and board resolutions, company structure chart, manager education, business scope, registered capital, registered address, company members, registration application form, KYC form, articles of association, shareholder resolutions, lease contracts, etc.

3. Submit the registration and obtain information: registration certificate, license, equity register, articles of association.

4. Visa application

5. Enter the country and apply for an ID card;

6. Bank account opening: Zhuoxin Enterprise has close cooperation with FAB, RAK, MAShq, ADCB, ENBD, and CBD. You can choose a bank according to your needs, and our company will assist in arranging account opening.

RAK FTZ Company Maintenance

1. License renewal: renewal of license, renewal of office address, renewal of permit;

2. Accounting and auditing.

3. Company cancellation: registration and liquidation, cancellation of company card, visa, company liquidation report.

4. Company changes