27 07 2020

Company formation in RAKIA and RAK IBC Free Economic Zones

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Some of the most popular Free Zones in the UAE are RAKIA and RAK IBC. They are in great demand among foreign investors around the world for a reason. There are several advantages to doing business in their territory. Main advantages are:

    - No taxes;

    - The right to own 100% of the company's shares;

    - No need to provide financial statements;

    - Easy and fast registration process, etc.

Types of companies that can be registered in the RAKIA Free Economic Zone:

This FEZ is located in an hour's drive from Dubai, on the territory of the Emirate of Ras Al Khaimah, which simply excites residents and tourists with the beauty of nature. The industrial parks Al Hamra and Al Ghail are located here. There are 3 seaports, 3 international airports and 2 express roads nearby.

The main activities of companies, registered in the RAKIA Free Economic Zone are: production and sale of building materials and plastics, consulting services, petrochemicals, automotive industry, trade, metallurgy. More than 7,500 companies currently operate in the RAKIA Zone.

In RAKIA you can register the following types of companies: branch, subsidiary, and, in case of registering a new company, you can choose between FZ LLC and FZE.

Now consider the RAK IBC Free Zone:

This Zone is located within the Emirate of Ras Al Khaimah. RAK IBC is considered one of the youngest Zones, established in the UAE. It is divided into 4 sub-zones according to the field of activity, and investors can choose the most suitable for themselves. List of zones:

- Technological zone, where trading companies and light industry enterprises are registered;

- Business zone, where companies are located with a need to rent an office space;

- Academic zone, intended for educational institutions;

- Industrial zone, where heavy industry enterprises are located.

The main activities of companies, registered in the territory of the RAK Free Economic Zone are: marketing and consulting services, cargo transportation, engineering services, tourism, sports, car rental, production, product processing. More than 8,000 companies currently operate in the RAK IBC Zone.

In RAK IBC you can register the following types of companies: branch, subsidiary, in case of registration of a new company, you can choose between FZ LLC and FZE.

You can get professional advice and assistance in starting a business in RAKIA and RAK FTZ from our specialists.