RAK FREEZONE:
About:
- RAK Free zone business setup offers investors numerous benefits like authority for your business as well as no restrictions on foreign exchange transactions and other facilities in the free zone
- The RAK Free Zone Business Setup has numerous customer-friendly policies for the business environment, along with incredible benefits. The process to obtain a license is easy and also the cost of living is low.
- This place is an exciting place to settle down because of its strong economy and very stable political environment.
- There are no strict rules and regulations while comparing it to other jurisdictions and the government offers business confidentiality to investors.
- You can also find a wide range of warehousing, office facilities and setting up a free zone in RAK is the ideal geographical location for local and international markets.
The main free zones are:
- Ras Al Khaimah Economic Zone (RAKEZ)
- Ras Al Khaimah Free Trade Zone
- Ras Al Khaimah Media Free Zone
- Ras Al Khaimah Investment Authority
- RAK Maritime city free zone authority (RMCFZA)
Location:
Ras al Khaimah (RAK) situated in the northern end of UAE, is just a fifty-minute drive from Dubai.
Specialties:
It is one of the world’s most economical free zones with its low rents and low cost of living. It offers a wide range of furnished office and warehousing facilities.
PROS:
- Immigration facilities are efficient and quick.
- No currency restrictions and regulations.