In recent years, the United Arab Emirates (UAE) has emerged as a leading destination for investors looking to expand their businesses. One of the key reasons for this is the establishment of Ras Al Khaimah Economic Zone (RAKEZ), which has rapidly become one of the most attractive options for investors. In this blog, we will explore why RAKEZ is an attractive option for investors and how it has become a hub for business growth and expansion.
1.Strategic Location
RAKEZ is strategically located in the northern part of the UAE, just 45 minutes away from Dubai. Its location provides easy access to the GCC, MENA, and Asia-Pacific regions, making it a perfect location for businesses looking to expand their operations.
2.Business-Friendly Environment
RAKEZ provides a business-friendly environment, making it easier for investors to set up their operations. The process of registering a company in RAKEZ is straightforward, and investors can obtain their trade license within 24 hours. Additionally, RAKEZ offers a wide range of support services, such as legal and administrative support, to help businesses run their operations smoothly.
3.Cost-Effective
RAKEZ offers competitive rates for its services, including office space, warehouses, and land. These rates are significantly lower than other locations in the UAE, making RAKEZ an affordable option for investors looking to reduce their operating costs.
4. Tax Benefits
One of the main attractions of RAKEZ is its tax benefits. Investors can take advantage of the UAE's tax-free environment and benefit from 100% foreign ownership. Additionally, RAKEZ offers a 15-year tax holiday to companies that meet specific criteria, which is a significant incentive for businesses looking to expand their operations in the region.
5.Wide Range of Industries
RAKEZ caters to a wide range of industries, including manufacturing, trading, logistics, and service sectors. The economic zone has dedicated zones for specific industries, such as the Al Ghail Industrial Zone, which is focused on heavy industries, and the Business Park, which is ideal for commercial businesses.
6.World-Class Infrastructure
RAKEZ has world-class infrastructure, including state-of-the-art facilities and modern transport networks. Investors can take advantage of the zone's advanced logistics infrastructure, which includes access to seaports, airports, and highways.
In conclusion, RAKEZ is an attractive option for investors looking to expand their operations in the UAE. Its strategic location, business-friendly environment, cost-effectiveness, tax benefits, wide range of industries, and world-class infrastructure make it a hub for business growth and expansion. RAKEZ provides investors with an ideal platform to establish and grow their businesses in the UAE and beyond.