Motei & Associates

Motei & Associates - Law Firm in Dubai

Motei & Associates – the go-to legal consultants in Dubai that cuts through legal complexities and delivers effective advocacies.

Damac Executive Heights - Office 801
Dubai
United Arab Emirates

Tel:+971 4 435 5959

Email:contact@motei.com

Web:

Ras Al Khaimah Economic Zone (RAKEZ) - Motei & Associates | Law Firms in Dubai | +971 4 435 5959
RAS AL KHAIMAH ECONOMIC ZONE (RAKEZ)

1. BACKGROUND

The Ras Al Khaimah Free Trade Zone (RAK FTZ) was founded in 2000 and had registered over 4,500 companies that originate from 106 countries worldwide. In 2011 alone, it achieved a phenomenal growth by registering 2,033 new companies – owed primarily to the fact that over the last decade, RAK FTZ has remained committed to extending the best and most affordable solutions for business needs across sectors from around the globe. In addition, it is the first and the only free zone to establish international promotions and liaison offices in India, Turkey, Germany, and the USA.

RAK FTZ focused on SMEs which is reflected in the industries that comprise the majority of its clientele. This was primarily due to its promise of being the most cost- effective incorporation available in the UAE and the least paperwork involved. The free zone also promised to have the company established and running within a few days’ time. RAK FTZ boasts of award-winning service from the World Free Zone Convention for “Best Emerging Free Zone” for three consecutive years and the Supply Chain and Transport Awards for “Industrial Area of the Year.

However, Ras al-Khaimah Economic Zone (‘RAKEZ’) was established in 2017 to oversee and consolidate the specialized zones and clients of the two fast-growing free zones in the UAE: RAK Free Trade Zone and RAK Investment Authority (RAKIA).

RAKEZ is the continuation of the story that started with the foundation of RAK FTZ in 2000 and the establishment of RAKIA in 2005. It is the preferred business destination of more than 13,000 multinational companies, from over 100 countries representing above 50 sectors.

RAKEZ is one of the leading investment hubs in the UAE that offers customizable solutions to free zone and non-free zone businesses. From freelancers and startups to SMEs and industrialists, our multinational community is flourishing in over 50 industries. RAKEZ place its clients at the heart of everything, offering them with cost-effective set-up packages, modern facilities and first-class services to help them reach their full potential. Blessed with a strategic location, RAKEZ connects investors to growing markets in the Middle East, North Africa, Europe as well as South and Central Asia.

2. INCENTIVES

  • 100% import and export tax exemption
  • 100% foreign ownership
  • 100% corporate/ personal income tax exemption
  • 100% repatriation of capital and profits
  • Eligibility for resident visa
  • No customs duties, assessments or tolls
  • Strategic location, with proximity to Dubai
  • Easy access to Ras Al Khaimah’s airport and sea ports
  • Fast and efficient business set-up processes
  • Provision to build on-site staff and labour accommodation
  • Connectivity to major logistical hubs and multi-lane superhighways
  • RAKEZ Zones-
    RAKEZ has three types of Zones depending on the type of activity, but it is also a multi-sector hub with the choice of setting-up a Free Zone or a Non-Free Zone entity-

    • RAKEZ Business Zone– Trading, service and consultancy businesses
    • Al Hamra, Al Ghail & Al Hulaila Industrial Zones– Manufacturing, industrial projects, trading, assembly and logistics
    • RAKEZ Academic Zone– Schools, universities, institutes, academic consultancy and services

3. TYPES OF LICENSES:

  • Commercial License- Trading in services and goods
  • Educational License – Opening an education-related institution or consultancy company
  • E-Commerce License – Trading in goods and services via electronic means
  • General Trading License -Trading in multiple goods
  • Individual / Professional License – One owner with one activity in a specific specialty or expertise
  • Industrial License – Manufacturing, importing, packaging and exporting products
  • Media License – Operating media-related business activities
  • Professional License – For individuals who provide professional services
  • Services License – Conducting services or consultancies across any industry
  • Freelancer Permit – For professionals in the fields of media and education

Commercial, Industrial and Professional Licenses are also issued for Non-Free Zone business set-up option.

4. FACILITIES

  • Flexi desks and Flexi offices: shared and networked workstations/offices, ideal for self-employed businessmen/small businesses/professionals newly entering the UAE market or not requiring a permanent office space.
  • Offices: ready or customizable office spaces with secretarial and business centre services, advanced IT/ telecommunications infrastructure (eligible to apply for residence visas)
  • Warehouses: Customizable and available in various sizes, with available security, permanent power connectivity, provision for on-site staff and labour accommodation, and easy access to manpower for loading and cargo (eligible to apply for residence visas)
  • Land for development: flexibility to construct facility as per requirements, with available security, provision for on-site staff and labour accommodation, well-paved roads at all locations, etc. (eligible to apply for residence visas)

5. APPLICATION

If you wish to have further information on RAK FTZ or any other free zones in the UAE, please feel free to contact us at contact@motei.com to arrange for a consultation meeting with one of our corporate team.

Location Map

Location Map

Reach Us

For Initial Consultation Meeting,
Telephone: +971 4 435 5959
Fax: +971 4 435 5858
Skype: motei.office

Damac Executive Heights (TECOM)
Office No. 801, 8th Floor
P.O. Box: 112888
Dubai, UAE

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Affiliated Sites

  • The Legal 500
  • Judicare
  • Egyptian Junior Business Association
  • HG.org
  • Chartered Institute of Arbitrators (CIArb)
  • International Chamber of Commerce (ICC)