RAKEZ is one of the main business zones in the United Arab Emirates. It contributes to many different types of business activities with various investment opportunities that lie within this very portfolio. RAKEZ comprises the Emirates of Ras-Al-Khaimah. Thus, this will be the right destination for any business intending to serve the markets of the Middle East, Africa, and Asia. This is that article through which we discuss that types of activities allowed in RAKEZ and further, in detail, list the steps involved in registering a company in UAE and setting up a business in Ras Al Khaimah.
Business Activities Permitted in RAKEZ
The following are some of the manifold forms of business activities which are allowdable within RAKEZ but are not limited to any of the following sectors :
- Manufacturing:- This head should be read to comprise industrial manufacturing, food processing, chemicals, pharmaceuticals, etc.
- Trading:- Import and export of goods, electronic commerce and commodity trading.
- Services:- Consultancy, Information technology, financial, tourism and health services.
- Logistics and Warehousing:- Storage, Distribution and Logistic services
- Education:– Educational institutes, Training centers and Language schools
- Estate:- Real Estate Development, Property Management and Brokerage
- Media and Entertainment:- Publishing, Radio and TV Broadcasting, Media Production
Other than these, solar, wind, and renewable energy projects
UAE Company Formation and Business setup in Ras Al Khaimah
Following information was to be taken in sequence after each other in setting up a business in RAKEZ:
- Business Activity: The type of business activity he wishes to take up from those which are permissible.
- Legal Structure: One may want to choose a Free Zone Entity, Free Zone Company, or a Branch Office etc.
- Register Your Company: Apply to the authorities of RAKEZ. Submit all necessary documents
- Get the Required Licenses and Permits: Get all the required licenses and permits that your business needs in order to begin operations
- Office Setup: Rent office space within RAKEZ
Benefits of Business Set up In RAKEZ
- 100% Foreign Ownership: No need for a local sponsor.
- Tax Free.
There are no corporate or personal income tax
- Hassle-free : Quick and convenient registration and licensing process.
- World-Class Infrastructure : Excellent facilities and amenities.
- Gateway Location : Easy access to major markets and transport centers.
Conclusion
This is pretty much precisely what RAKEZ—Ras Al Khaimah Economic Zone—offers in an investment and setting-up business in the UAE. The latter, in itself, appears to be the quintessential business and investment hub, with the many types of business activities to engage in and speed/convenience with which one’s firm can be registered. “Business Setup in Ras Al Khaimah – If you feel like setting up a business in Ras Al Khaimah or UAE company registration, NOW is the best time to capitalize on the opportunities that come across your way.
Business activity allowed in Umm Al Quwain UAE Free Trade Zone