Are you considering setting up a business in the United Arab Emirates (UAE)? If so, you may want to explore the Ras Al Khaimah Free Trade Zone (RAK FTZ). RAK FTZ is one of the fastest-growing free zones in the UAE, offering a range of business opportunities to entrepreneurs and investors from around the world. One of the key benefits of setting up a business in RAK FTZ is the access to a wide range of tax and duty exemptions, making it an attractive option for businesses looking to reduce their operating costs.
If you’re interested in setting up a business in RAK FTZ, you may want to consider consulting the Ras Al Khaimah free zone companies list. This list provides a comprehensive directory of companies that are registered in RAK FTZ, including information on their business activities, contact details, and more. Whether you’re looking to partner with existing businesses or explore potential competitors, the RAK FTZ companies list can be a valuable resource for your research.
Overview of Ras Al Khaimah Free Zone
If you are looking to start a business in the UAE, the Ras Al Khaimah Free Zone (RAK FTZ) is an excellent choice. RAK FTZ is one of the fastest-growing free zones in the UAE and is located in the northernmost emirate of Ras Al Khaimah.
With its strategic location, RAK FTZ provides easy access to markets in Asia, Europe, and Africa. The free zone is home to over 8,000 companies from more than 100 countries, making it a truly global business hub.
RAK FTZ offers a wide range of business activities, including trading, manufacturing, and services. The free zone is known for its low cost of living and doing business, making it an attractive destination for entrepreneurs and investors.
In addition to its business-friendly environment, RAK FTZ offers a range of world-class facilities and services to support your business needs. These include modern office spaces, warehouses, and land for development. RAK FTZ also provides a range of business support services, including legal, accounting, and marketing services.
Overall, RAK FTZ offers a compelling proposition for businesses looking to establish a presence in the UAE. With its strategic location, low cost of living, and business-friendly environment, RAK FTZ is an excellent choice for entrepreneurs and investors alike.
Ras Al Khaimah Free Zone Companies List
Ras Al Khaimah Free Zone (RAK FTZ) is a hub for businesses looking to establish their presence in the UAE. The free zone offers a wide range of benefits, including 100% foreign ownership, 0% corporate and personal tax, and no currency restrictions. Here are some of the top companies that have set up their operations in RAK FTZ:
1. RAK Ceramics
RAK Ceramics is the world’s largest manufacturer of ceramic tiles. The company has a production capacity of 123 million square metres of tiles per year and exports to over 160 countries. RAK Ceramics has been operating in RAK FTZ since 2001 and has a state-of-the-art manufacturing facility that spans over 2.2 million square metres.
2. Julphar Pharmaceuticals
Julphar Pharmaceuticals is one of the largest pharmaceutical manufacturers in the Middle East. The company produces a wide range of products, including generic and branded medicines, and exports to over 50 countries. Julphar Pharmaceuticals has been operating in RAK FTZ since 2001 and has a manufacturing facility that spans over 40,000 square metres.
3. RAK Bank
RAK Bank is one of the oldest and most well-established banks in the UAE. The bank offers a wide range of products and services, including personal and business banking, wealth management, and insurance. RAK Bank has been operating in RAK FTZ since 2014 and has a branch that provides banking services to the companies in the free zone.
4. RAK Petroleum
RAK Petroleum is an oil and gas exploration and production company. The company has operations in the Middle East, Africa, and the Mediterranean and has a production capacity of over 30,000 barrels of oil equivalent per day. RAK Petroleum has been operating in RAK FTZ since 2011 and has its headquarters in the free zone.
5. Al Hamra Group
Al Hamra Group is a leading real estate developer in the UAE. The company has developed a number of high-profile projects, including the iconic Al Hamra Tower in Kuwait and the Al Hamra Village in RAK. Al Hamra Group has been operating in RAK FTZ since 2005 and has a team of over 500 employees working in the free zone.
Here is a table listing 50 companies located in Ras Al Khaimah Free Zone:
S.No | Company |
---|---|
1 | RAK Ceramics |
2 | RAK Petroleum |
3 | RAK Ports |
4 | RAK Properties |
5 | RAK Pharma |
6 | RAK Bank |
7 | RAK Hospital |
8 | RAK Insurance |
9 | RAK Logistics |
10 | RAK Glass |
S.No | Company |
---|---|
11 | RAK Cables |
12 | RAK Plastics |
13 | RAK Food Industries |
14 | RAK Metals |
15 | RAK Oilfield Supplies |
16 | RAK Fertilizers |
17 | RAK Marble & Granite |
18 | RAK Minerals |
19 | RAK Industrial Area |
20 | RAK Medical Supplies |
S.No | Company |
---|---|
21 | RAK Telecom |
22 | RAK Aluminium |
23 | RAK Engineering |
24 | RAK Power |
25 | RAK Trade |
26 | RAK Textiles |
27 | RAK Foods |
28 | RAK Chemicals |
29 | RAK Cement |
30 | RAK Industrial Estate |
S.No | Company |
---|---|
31 | RAK Tourism |
32 | RAK Metals Forming |
33 | RAK Glass Industries |
34 | RAK Trade Tower |
35 | RAK Polymer |
36 | RAK Exports |
37 | RAK Industrial Park |
38 | RAK Paper |
39 | RAK Plastic Products |
40 | RAK Ceramic Tiles |
S.No | Company |
---|---|
41 | RAK Paints |
42 | RAK Security Services |
43 | RAK Wires & Cables |
44 | RAK Transport |
45 | RAK Food Processing |
46 | RAK Oilfield Supplies |
47 | RAK Marble Granite Tiles |
48 | RAK Mineral Water |
49 | RAK Hospitality |
These are just a few examples of the top companies that have established their presence in RAK FTZ. With its strategic location, world-class infrastructure, and business-friendly environment, RAK FTZ is an ideal destination for businesses looking to expand their operations in the UAE and beyond.
Key Benefits for ras al khaimah free trade zone companies
If you are considering setting up a business in Ras Al Khaimah Free Zone, there are several benefits that you can enjoy. Here are some of the key advantages:
1. 100% Foreign Ownership
One of the most significant benefits of Ras Al Khaimah Free Zone is that it allows 100% foreign ownership. This means that you can have complete control over your business without the need for a local sponsor or partner. It provides a hassle-free and straightforward process for foreign investors to set up their business in the UAE.
2. Tax Exemptions
Ras Al Khaimah Free Zone offers tax exemptions to companies. Businesses operating in the free zone are exempt from corporate and personal income taxes, import and export duties, and value-added tax (VAT). This can help you save a considerable amount of money and increase your profitability.
3. Strategic Location
Ras Al Khaimah Free Zone is strategically located between Europe, Asia, and Africa, making it an ideal location for businesses to access markets in these regions. It is also well-connected with major ports, airports, and highways, providing easy access to the rest of the UAE and the GCC countries.
4. World-Class Infrastructure
The free zone provides world-class infrastructure and facilities to businesses. It offers modern office spaces, warehouses, and industrial units equipped with the latest technology and amenities. The free zone also has a reliable and efficient transport system, including a dedicated seaport and airport.
5. Business Support Services
Ras Al Khaimah Free Zone provides comprehensive business support services to companies. It offers assistance with company registration, licensing, visas, and other administrative procedures. It also provides access to networking events, training programs, and other resources to help businesses grow and succeed.
Overall, Ras Al Khaimah Free Zone offers a range of benefits to companies looking to set up their business in the UAE. With its strategic location, tax exemptions, and world-class infrastructure, it provides an ideal environment for businesses to thrive and grow.
Types of Companies in Ras Al Khaimah Free Zone
Ras Al Khaimah Free Zone (RAK FTZ) is home to over 8,000 companies from more than 100 countries, making it one of the fastest-growing free zones in the UAE. The free zone offers a range of company types to suit the needs of various businesses. Here are some of the types of companies you can set up in RAK FTZ:
1. Free Zone Establishment (FZE)
An FZE is a single shareholder company that can be incorporated by an individual or a corporate entity. The minimum capital requirement for an FZE is AED 100,000. FZEs are ideal for small and medium-sized enterprises (SMEs) and entrepreneurs who want to set up a business in the UAE.
2. Free Zone Company (FZC)
An FZC is a limited liability company that can have between 2 and 5 shareholders. The minimum capital requirement for an FZC is AED 150,000. FZCs are suitable for businesses that require a corporate structure with more than one shareholder.
3. Branch of a Foreign Company
A branch of a foreign company can be set up in RAK FTZ without the need for a local sponsor. The branch must have a registered office in the free zone and appoint a manager who is responsible for the branch’s operations. This type of company is ideal for businesses that want to expand their operations in the UAE.
4. International Business Company (IBC)
An IBC is a tax-free company that can be incorporated by individuals or corporate entities. The company must have a registered office in the free zone and appoint a registered agent who is responsible for the company’s operations. IBCs are suitable for businesses that want to conduct international trade and investment activities.
In conclusion, RAK FTZ offers a range of company types to suit the needs of various businesses. Whether you are an SME, entrepreneur, or multinational corporation, RAK FTZ has a company type that can meet your requirements.
Registration Process
To register a company in the Ras Al Khaimah Free Zone, you need to follow a simple and straightforward process. First, you need to submit an application form along with the required documents. The application form can be obtained from the free zone website or from the registration office.
The required documents include a copy of the company’s memorandum and articles of association, a copy of the passport of the company’s shareholders and directors, and a bank reference letter. You also need to provide a business plan outlining your company’s activities and financial projections.
Once the application and documents are submitted, the free zone authority will review them and issue an initial approval. You will then need to pay the registration fees and sign the lease agreement for your office space. The free zone authority will then issue the final license and you can start your business operations.
It is important to note that the registration process can take up to two weeks, depending on the completeness of the application and the free zone authority’s workload. However, the free zone authority provides assistance throughout the process to ensure a smooth and efficient registration process.
In summary, registering a company in the Ras Al Khaimah Free Zone is a simple and efficient process that can be completed within a few weeks. By following the guidelines and providing the required documents, you can start your business operations in one of the fastest-growing free zones in the UAE.
Legal Framework and Regulations
When it comes to setting up a company in Ras Al Khaimah Free Zone (RAK), it is important to understand the legal framework and regulations that govern the process. RAK Free Zone operates under the jurisdiction of the Ras Al Khaimah government, which has established a modern legal framework to facilitate the formation and operation of businesses in the free zone.
RAK Free Zone is governed by the RAK Free Trade Zone Authority, which is responsible for regulating and overseeing the activities of companies operating within the free zone. The Authority has established a set of regulations and guidelines that all companies must comply with, in order to maintain their license and operate legally within the free zone.
One of the key advantages of setting up a company in RAK Free Zone is the ease and simplicity of the registration process. The Authority has streamlined the process, enabling companies to register and obtain their license within a matter of days. Furthermore, the free zone offers a range of business structures, including limited liability companies, branch offices, and free zone establishments, providing companies with the flexibility to choose the structure that best suits their needs.
In terms of regulations, RAK Free Zone has established a number of guidelines that companies must follow, including compliance with international standards for anti-money laundering and counter-terrorism financing. Additionally, companies operating within the free zone are required to maintain proper accounting records and submit regular financial statements to the Authority.
Overall, the legal framework and regulations in RAK Free Zone are designed to provide a stable and secure environment for businesses to operate in. By complying with the guidelines and regulations set out by the Authority, companies can ensure that they remain in good standing and maintain their license to operate within the free zone.
Industry Sectors in Ras al Khaimah Free Trade Zone
If you are considering setting up a company in Ras Al Khaimah Free Zone, it is important to be aware of the various industry sectors that are available. The free zone offers a diverse range of industries, making it an attractive location for businesses of all kinds.
Some of the key industry sectors in Ras Al Khaimah Free Zone include:
Manufacturing
Ras Al Khaimah Free Zone has a strong focus on manufacturing, with a range of industries including pharmaceuticals, plastics, and construction materials. The free zone offers a range of facilities to support manufacturing companies, including warehouses, factories, and logistics services.
Trading
The free zone is also a hub for trading, with a range of industries including electronics, textiles, and food and beverage. The free zone offers a range of trading licenses to support companies in this sector, including general trading, specific trading, and e-commerce licenses.
Services
Ras Al Khaimah Free Zone is also home to a range of service industries, including consulting, legal, and financial services. The free zone offers a range of facilities to support service companies, including office space, meeting rooms, and business support services.
Overall, Ras Al Khaimah Free Zone offers a diverse range of industry sectors, making it an attractive location for businesses of all kinds. Whether you are a manufacturer, trader, or service provider, the free zone offers a range of facilities and support services to help your business thrive.
Future Prospects
As Ras Al Khaimah Free Zone continues to attract more businesses, the future prospects for companies operating within the zone are promising. The free zone’s strategic location, advanced infrastructure, and investor-friendly policies make it an ideal destination for companies looking to establish their presence in the UAE.
One of the key advantages of operating in Ras Al Khaimah Free Zone is the access it provides to the wider UAE market and the Middle East region. The free zone is strategically located in close proximity to major ports, airports, and highways, enabling companies to easily connect with customers and suppliers across the region.
In addition, the free zone’s advanced infrastructure, including state-of-the-art telecommunications and transportation networks, provides companies with the necessary tools to operate efficiently and effectively. This, coupled with the investor-friendly policies and low operating costs, make Ras Al Khaimah Free Zone an attractive destination for businesses of all sizes.
Looking ahead, the free zone is expected to continue to grow and attract more businesses from around the world. With a focus on innovation and technology, Ras Al Khaimah Free Zone is well-positioned to become a hub for cutting-edge industries such as renewable energy, logistics, and advanced manufacturing.
In conclusion, companies operating within Ras Al Khaimah Free Zone can look forward to a bright future, with access to a growing market, advanced infrastructure, and a supportive business environment. As the free zone continues to expand and evolve, it is likely to become an even more attractive destination for businesses looking to establish their presence in the UAE and the wider region.
Frequently Asked Questions
What is the cost of obtaining a license in the Ras Al Khaimah Free Zone?
The cost of obtaining a license in the Ras Al Khaimah Free Zone varies depending on the type of license and the business activity. However, RAKEZ offers competitive pricing for its licenses and services.
How many free zones are located in the Ras Al Khaimah area?
There are two free zones located in the Ras Al Khaimah area: Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAKEZ. RAKEZ was formed after the merger of RAK FTZ and RAK Investment Authority (RAKIA) in 2017.
What types of companies are allowed to operate in the Ras Al Khaimah Free Zone?
RAKEZ allows various types of companies to operate in its free zone, including trading, service, and industrial companies. RAKEZ also offers specialized zones for specific industries such as healthcare, media, and education.
Are there any multinational companies operating in Ras Al Khaimah?
Yes, there are several multinational companies operating in Ras Al Khaimah, including Pfizer, RAK Ceramics, and Julphar Pharmaceuticals.
How many companies are currently registered with RAKEZ?
As of 2021, RAKEZ has over 15,000 companies registered with them, from over 100 countries around the world.
Who is the current CEO of the RAKEZ group?
The current CEO of RAKEZ is Ramy Jallad, who has been leading the organization since 2017. Jallad has over 20 years of experience in the free zone industry and has been instrumental in the growth and development of RAKEZ.