Ras Al Khaimah Dubai
Nestled between the Hajjar Mountains on the East and the Arabian Gulf on the West
, sharing mountainous borders with the Sultanate of Oman, Ras Al Khaimah Dubai ranks fourth among the seven emirates of UAE in terms of area.
Covering an area of 656 square miles, Ras Al Khaimah Dubai is in the northern part of the Arabian Peninsula.
It has numerous fascinating tourist landmarks, beautiful wildlife conservations and sanctuaries and golf courses.
The Ras Al Khaimah Dubai has an impressive archaeological heritage and a very rich history. This area had always enticed settlers with its unique combination of all the four types of landscapes found in different parts of the United Arab Emirates: the fertile plains, the mountainous region, coastal areas and the desert environment.
Ras al khaimah Free zone is a free trade zone with a unique combination of strategic business location, low fares and lean administration procedures.
Established in 2000, the free trade zone is one of the fastest growing and most cost effective free trade zones in the UAE and today is home to some 5000 companies.
Our commitment to simple and customer friendly procedures has already become recognised in the region and RAK FTZ is rapidly emerging as the preferred business hub of the Middle East.
RAK Free Zone is one of the most cost effective free zone in the region. Most importantly, it offers a trouble free, customer friendly environment, which is crucial for the success of any enterprise.
The zone has created a name for itself around the world, following and extensive marketing and awareness campaign. Over 4,500 companies have been registered from 106 countries across the Middle East, Europe, North America and Asia.
Features are the following:
* 100 percent foreign ownership
* 100 percent income and corporate tax exemption
* 100 percent Capital and Profit repatriation
* Long term renewable lease
* Strategic location with access to over 1.2 billion consumers
* Transparent laws and regulations
* Promotion centers in Dubai and Abu Dhabi
* Simple and fast application procedures
* State of the art communication facilities
* Excellent Sea port and International Air port facilities
* Easy international Access
* Abundant energy supply
* Marketing support services
There are four types of licenses issued for different types of commercial and general industries which includes Commercial General Trading License, Commercial license, Consulting and Service license.
The free trade zone contains three different business parks specializing in various functions.
The first is a Business Park for trading and services which has fully equipped offices. In addition, the Exhibition Centre, a five star hotel and a shopping and entertainment complex are all within close proximity.
The second section houses the Industrial Park, which was designed for heavy industrial production and warehousing of raw materials or finished products. Plot sizes are provided to suit individual client requirements and are fully serviced with water, electricity and telecommunications.
The third is a Technology Park located in a rapidly expanding area devoted to automated manufacturing and capital intensive quality lifestyle projects such as electronics and apparel.
Companies incorporated within the zone are regulated by the Free Zone Authority and there is an arbitrational tribunal set up to resolve any disputes relating to the operation of the company.
So long as provision is made in the Articles of Association, the shareholders may adopt any international law for the resolution of disputes.
by: Ramapati Singhania
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