RAKEZ, or Ras Al Khaimah Economic Zone, is a free economic zone located in the Emirate of Ras Al Khaimah in the United Arab Emirates. RAKEZ offers a range of business incentives and opportunities, including various licenses that allow businesses to operate in the zone. In this article, we’ll look at RAKEZ license and some things you may not know about them.
Types of RAKEZ licenses:
RAKEZ offers several types of licenses to businesses, including:
This license allows businesses to import raw materials, manufacture products, and export finished goods.
The commercial license allows businesses to conduct commercial activities, including trading, consulting, and services.
This license allows educational institutions to operate in the zone, including universities, colleges, and training centers.
Service license allows businesses to offer legal, accounting, and consulting services.
This license allows businesses to operate in the media industry, including advertising, publishing, and broadcasting.
Benefits of RAKEZ licenses:
RAKEZ licenses offer several benefits to businesses, including Tax exemptions: RAKEZ businesses are exempt from corporate tax, personal income tax, and value-added tax (VAT).
100% foreign ownership:
RAKEZ allows businesses to have 100% foreign ownership, meaning companies can operate independently without needing a local partner.
Easy company formation:
RAKEZ offers a streamlined process for company formation, with minimal paperwork and fast processing times.
RAKEZ is located near major airports and seaports, making it an ideal place for businesses seeking international markets.
Additional services offered by RAKEZ:
Business support services: RAKEZ provides various support services, including marketing, legal, and accounting.
RAKEZ offers logistics services, including warehousing and distribution, to businesses looking to import and export goods.
RAKEZ provides visa services to businesses and their employees, including work and residency visas.
Business center services:
RAKEZ offers business center services, including office space and meeting rooms, to businesses looking to establish a physical presence in the zone.
RAKEZ licenses offer businesses a range of benefits and opportunities, including tax exemptions, easy company formation, and access to additional services. By understanding the types of permits available, the benefits they offer, and the requirements for obtaining them, businesses can make informed decisions about operating in RAKEZ. With the right planning and preparation, RAKEZ licenses can give companies a competitive advantage in the region.