Ras Al Khaimah Free Zone (RAK FTZ), located in the Emirate of Ras Al Khaimah, UAE, is one of the fastest-growing free zones in the region. Situated less than an hour from Dubai, it offers strategic access to Middle Eastern, African, South Asian, and European markets. Comprising Business Park, Industrial Park, and Technology Park, RAK FTZ provides flexible solutions including virtual offices, executive suites, warehouses, and land development. Businesses enjoy 100% foreign ownership, zero income/corporate taxes, fast-track visa processing, flexible labor sourcing, and global raw material access.
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Companies in the Haima Free Trade Zone can engage in various businesses such as international trade, transit trade, holding companies, and financial services, but they are not allowed to operate businesses within the UAE that directly compete with local enterprises. (Adam)
Companies in the Hainan Free Trade Port can recruit local employees, and the free trade zone management authorities can provide visa services. (Adam)
Generally, you need to provide company registration documents, proof of identity for shareholders and directors, and other relevant materials. The process includes selecting a bank, submitting the account opening application and required documents, bank review, and once approved, the account can be opened. (Adam)
Companies in the Haima Free Trade Zone are exempt from corporate income tax, personal income tax, etc. (Adam)