Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) continues to increase Ras Al Khaimah’s international appeal with the introduction of its Global Product, an innovative midshore free zone set-up that allows investors to redomicile or incorporate a new company through one of RAKEZ’s authorised Corporate Service Providers (CSPs).
Since RAKEZ Global Product (RGP) is midshore, it merges some of the key offshore and free zone company set-up benefits into one offering. Among its exceptional features include: remote company set-up with e-documents and no physical presence required; ease of domicile migration from within the UAE or globally; and premier facilities options, such as co-working spaces, offices, warehouses and land for development. In addition, investors benefit from zero corporate taxation and access to UAE’s 100+ Double Taxation Treaties, and eligibility to apply for a residence visa and corporate bank account in the country.
“With RGP as our latest addition to our company set-up structures, investors can easily expand their investment horizons with the help of our trusted CSPs while enjoying a selection of combined benefits from offshore and free zone settings. It’s the best of both worlds in one product,” said Ramy Jallad, Group CEO of RAKEZ. “Being based in the UAE, investors who set up RGP are ensured of a tax-free haven with no restrictions on capital repatriation. Going global is every investor’s dream and we are continuously coming up with more products and services to become their ideal gateway when taking their ventures overseas.”
RGP set-up starts from AED 10,535 with two visa eligibility and is suitable for holding companies, trading and general trading, e-commerce, media, consulting, shipping, transport, logistics and investment activities. The economic zone offers more attractive rates for multiple year licences.
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For more information, please contact:
Cleo Eleazar, Public Relations & Events Manager, RAKEZ
Phone: +971 7 2077173; Email: c.eleazar@rakez.com
About Ras Al Khaimah Economic Zone (RAKEZ):
RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 15,000 companies coming from over 100+ countries and operating in more than 50 industries.
RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has six specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulailah Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers.
A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
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