RAK Airport Free Zone
Ras Al Khaimah Economic Zone (RAKEZ), Ras Al Khaimah
Description
RAK Airport Free Zone, under RAKEZ, offers a strategic location adjacent to Ras Al Khaimah International Airport, providing businesses with efficient logistics and connectivity options.
| Emirate | Ras Al Khaimah |
| Website | https://rakez.com/en/ |
| Contact Info |
Address: RAKEZ Business Zone, Ras Al Khaimah, UAE
|
| Year Established | 2000 |
| License Types | Commercial, Educational, General Trading, Industrial, Media, Professional, Service |
| License Cost | License costs vary based on business activity and license type. |
| Formation Cost | Formation costs depend on the chosen package and business requirements. |
| Minimum Capital Requirement | Minimum capital requirements vary depending on the business activity. |
| Allowed Business Activities | Trading, Manufacturing, Consulting, Service-based businesses, Educational activities, E-commerce, Media activities, Professional services |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Foreign Company, Branch of a UAE Company |
| Allowed Activities | Trading, Manufacturing, Consulting, Service-based businesses, Educational activities, E-commerce, Media activities, Professional services |
| Restricted Activities | Activities not compliant with UAE laws and regulations |
| Investor Visa Cost | Visa costs depend on the package selected and the number of visas required. |
| Employee Visa Cost | Visa costs vary based on the number of visas and employee categories. |
| Processing Time (Days) | Processing times vary depending on the business activity and completeness of documentation. |
| Physical Office Required | Yes |
| Office Space Options | Flexi-desk, Standard office, Warehouse, Land for development |
| Office Space Cost | Office space costs vary based on the selected facility and size. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | Bank account setup assistance is provided; costs depend on the chosen bank and account type. |
| Partner Banks | RAKBANK, Emirates NBD, Mashreq Bank, Abu Dhabi Commercial Bank |
| Governing Laws | Subject to the laws and regulations of the Ras Al Khaimah Economic Zone and the UAE. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Renewal fees depend on the license type and business activity. |
| Business Restrictions | Activities not compliant with UAE laws and regulations |
| Ownership Structure | 100% foreign ownership allowed |
| Import/Export Restrictions | No Standard UAE import/export regulations apply. |
| Benefits | 100% foreign ownership, 0% corporate and personal tax, Strategic location near Ras Al Khaimah International Airport, Access to emerging markets, Customizable facilities, One-stop-shop services, Fast-track visa services |
| Drawbacks | Distance from major UAE cities like Dubai and Abu Dhabi, Limited public transportation options |
| Specific Compliance Requirements | Compliance with RAKEZ regulations and UAE laws |
