Ras Al Khaimah Free Trade Zone
Approved Auditors in Ras Al Khaimah Free Trade Zone
Ras Al Khaimah Free Trade Zone (now part of Ras Al Khaimah Economic Zone – RAKEZ) is one of the leading business hubs in the Middle East. Established in 2000, RAK FTZ has been offering excellent opportunities for international businesses to expand their operations. Located in the United Arab Emirates (UAE), the free zone provides a wide range of services and benefits to its clients including 100% foreign ownership,RAKEZ offers tax advantages, including 0% personal income tax and corporate tax exemptions for qualifying free zone businesses under UAE Federal Tax Law
The advantages offered by RAK FTZ are attractive to investors and entrepreneurs from all over the world. The free zone boasts a strategic geographic location that is close to major markets in Europe, Africa, and Asia, making it an ideal platform for businesses looking to expand their reach across multiple regions.
RAK Free Trade Zone Benefits
- In the UAE, there is no tax (no corporate tax, no income tax, VAT at 5% applies in the UAE; however, certain free zone transactions may be exempt depending on the type of goods or services.)
- 100% expat
- There is no need for a local sponsor.
- The UAE complies with international transparency and information exchange standards, ensuring legitimate confidentiality for investors
- A minimum capital is not required for the formation of an offshore company, and the paid-up capital is not required to be disclosed to the authorities.
- A RAK Offshore Company can be established by a single person as the company's sole shareholder, director, and secretary.
- Remote registration is possible
- In the UAE, no physical presence is required.
- Once all documents are provided, the company can be registered in two working days.
- In the UAE, you can open a corporate bank account in a variety of major foreign currencies. Please keep in mind that the Central Bank Regulation on Corporate Account Procedures requires you to visit the UAE in order to open a bank account.
- There is no need for an annual audit.
- The UAE is not on the OECD's or FATF's "blacklist" of tax havens.
The following licenses are available in the RAK Free Trade Zone:
- Industrial License: Importing raw materials, manufacturing, processing, assembling, packaging, and exporting finished products are all permitted activities under an industrial license. Feasibility and environmental impact studies, as well as RAKFTZ approval, are required. This type of license typically takes 2 to 3 weeks to process.
- Commercial License: Import, export, distribution, consolidation, storage, or warehousing of items specified on the License are all permitted activities. The maximum number of similar product lines is seven. It is usually issued within 2 to 3 working days.
- Consulting & Service License Activities allowed: Service & Consulting Offering consulting services in management, finance, investment, legal issues, labor relations, economics (including feasibility studies), industrial development, marketing, and related subjects is permitted under the license. Restaurants or food outlets, catering services, travel agencies, leisure and social activities, insurance, cargo & freight forwarding, accounting, and audition services are examples of other services. It is usually issued within 2 to 3 working days.
- Commercial - General Trading License: A Commercial License, which allows for more than seven product lines, can be used to obtain a General Trading License. It is usually issued within 2 to 3 working days.
Best Approved Auditors in Ras Al Khaimah Free Trade Zone
Reyson Badger provides the best auditing services in Ras Al Khaimah Free Trade Zone. Reyson Badger is a business consultancy firm with offices located throughout the UAE and internationally, specializing in auditing services. The highly experienced and qualified team of professionals at Reyson Badger strives to provide their clients with high-quality audit services that are tailored to meet individual requirements.
