RAK Freezone, also known as Ras Al Khaimah Economic Zone (RAKEZ), is a free trade zone located in the United Arab Emirates (UAE). It is a popular destination for investors looking to set up their businesses in the region, offering a wide range of advantages and benefits. In this article, we’ll explore some of the key advantages of setting up a company in RAK Freezone.
Tax-Free Environment
One of the biggest advantages of setting up a company in RAK Freezone is the tax-free environment. The free zone offers 100% foreign ownership and 100% repatriation of profits, making it an attractive destination for entrepreneurs and investors. Additionally, there is no personal income tax, corporate tax, or withholding tax in the UAE, making it an ideal location for businesses looking to save money on taxes.
Easy Company Setup
Setting up a company in RAK Freezone is a quick and easy process. The free zone provides a range of services and facilities to businesses, including customizable office spaces, warehouses, and industrial units. The process of setting up a company in RAK Freezone is straightforward and can be completed in just a few days, with minimal paperwork and hassle.
Strategic Location
Another advantage of setting up a company in RAK Freezone is its strategic location. RAK is strategically located at the crossroads of Europe, Asia, and Africa, making it an ideal location for businesses looking to expand their reach in these regions. Additionally, the UAE’s strategic location at the crossroads of major shipping routes makes it a hub for logistics and transportation.
Access to Markets
RAK Freezone provides businesses with access to a wide range of markets, including the UAE, the Middle East, Africa, Asia, and Europe. This makes it an ideal location for businesses looking to expand their reach and tap into new markets. Additionally, RAK Freezone provides businesses with a range of support services, including legal, accounting, and marketing services, to help them navigate the local market and succeed.
State-of-the-Art Infrastructure
RAK Freezone provides businesses with state-of-the-art infrastructure, including modern office spaces, warehouses, and industrial units. The free zone is equipped with the latest technology and facilities, making it an ideal location for businesses in a range of industries, such as manufacturing, logistics, and e-commerce.