Ras Al Khaimah Investment Authority (RAKIA) Free Zone was established in 2015 with the the goal of creating an investment atmosphere and advancing Ras al-economic Khaimah’s sector. Investors can select from 2 industrial parks when establishing a business in the free zone. RAKIA Free Zone offers a range of business activities, including trading, manufacturing, logistics, and services. The free zone is located strategically between Europe, Asia, and Africa, providing businesses with easy access to global markets. Additionally, the free zone provides investors with various benefits, such as 100% foreign ownership, zero corporate and personal income tax, no customs duty, and no restrictions on capital and profit repatriation.
Moreover, RAKIA Free Zone has established several industrial clusters, including the Al Hamra Industrial Zone, the Al Ghail Industrial Zone, and the Technology Park. These industrial parks offer modern infrastructure and facilities to support businesses in various industries.
Overall, RAKIA Free Zone has emerged as a dynamic business hub in the UAE, attracting investors from all over the world. With its strategic location, investor- friendly policies, and state-of-the-art infrastructure, RAKIA Free Zone is well- positioned to continue its growth and attract more investment in the years to come.