There were two different free zones namely RAK Free Trade Zone (RAKFTZ) and the RAK Investment Authority (RAKIA) working in Ras Al Khaimah. The government had a plan to merge these two free zones to make a single free zone which will also be the biggest free zone in the UAE. This step was taken under the guidance of His Highness Sheikh Saud bin Al Qasimi.
The two free zones were merged in the year 2017 and this free zone was named the Ras Al Khaimah Economic Zone (RAKEZ). The free zone now serves more than 13,000 clients and is also planning to take in more clients in the future. RAKEZ provides a platform to businesses, both local and foreign, to help penetrate the local and the international markets (the international markets include the markets in Asia, Africa, and Europe.
RAKEZ aims to provide high quality and cost-effective services to all the businesses in the free zone so that all the businesses can reach the pinnacle of success. The free zone also provides customizable packages and state of the art facilities.
Products / Services Offered
The Ras Al Khaimah Economic Zone strives to provide the best facilities for business. These facilities include:
1.Flexi Facilities
These are ideal solutions for start-ups and entrepreneurs who require a certain degree of flexibility.
2.Serviced Offices
These are a new type of co-working space that offers world-class facilities and also are known to provide privacy.
3.Standard Offices
These offices are very cost-effective but still are very private. These offices are best for Small and Medium Enterprises and start-ups.
4.Executive Offices
These are larger in size and are suitable for companies that are looking to expand their activities as well as its workforce.
5.Shell and Core Offices
Shell and Core offices are available in the free zone and these offices can be customized according to the needs and requirements of the business.
6.Warehouses
The warehouses comprise pre-developed warehouses and customizable warehouses in close proximity to the markets
7.Plots of Land
Separate plots of land are also provided to build facilities and infrastructure which will be used for industrial operations.
8.Labour and Staff Accommodation
The Free zone provides convenient on-site housing for the workforce of the businesses in the industrial zone.
Types of Businesses Available
- Free Zone Limited Liability Company FZ-LLC
- Individual Establishment
- Branch of a Foreign/Offshore Company
Ras Al Khaimah Economic Zone Approved Auditor
An audit is a very important service for determining the present financial condition of a business. most of the free zones have a set of auditors that have been approved by the governing authorities of the free zone. These are known as Approved Auditors. Only the Approved Auditors have the power to conduct an Audit in the free zone.
If you are looking to get your company Audited in the Ras Al Khaimah Economic Zone, then you can have a look at the services provided by JAXA Chartered Accountants. The experts at JAXA will take care of all the financial requirements of your business and will also provide quick and comprehensive Audit services. JAXA also offers many other services that will help a company to rise to its complete potential.