Ras Al Khaimah Economic Zone

Ras Al Khaimah Economic Zone (RAKEZ) is an Emirati free-trade zone in Ras Al Khaimah in United Arab Emirates. In January 2020, Entrepreneur reported the free zone to have 14,000 companies across 50 industries.^[1]

History

It was introduced in 2017^[2] and is one of the 37 free zones across the United Arab Emirates that are overseen by the Ras Al Khaimah Investment Authority. During COVID-19 pandemic, RAKEZ moved towards digitisation and was reported to have 20% growth in 2020.^[3]

The Free zone also launched a scheme to provide 12 years visa for investors purchasing an apartment in the zone in partnership with real estate developers Al Hamra.^[4] RAKEZ allows a one hundred percent foreign ownership.^[5]

References

^ Staff, Entrepreneur Middle East (2020-01-31). "Trade License Zone Inks Partnership With RAKEZ To Offer Its Company Formation Services At The UAE Free Zone". Entrepreneur. Retrieved 2021-05-15.
^ "Overview of Company Formation in Ras Al Khaimah Economic Zone - STA Law Firm". www.stalawfirm.com. Retrieved 2021-05-15.
^ "Video: Growth during pandemic? RAK Economic Zone reports up to 20% jump in leads this 2020". gulfnews.com. Retrieved 2021-05-15.
^ Godinho, Varun (2020-12-14). "RAK developer offers UAE residency with purchase of homes". Gulf Business. Retrieved 2021-05-15.
^ Abbas, Waheed. "Ras Al Khaimah allows 100% foreign ownership in mainland". Khaleej Times. Retrieved 2021-05-15.

This United Arab Emirates location article is a stub. You can help Wikipedia by expanding it.

[1] Staff, Entrepreneur Middle East (2020-01-31). "Trade License Zone Inks Partnership With RAKEZ To Offer Its Company Formation Services At The UAE Free Zone". Entrepreneur. Retrieved 2021-05-15.

[2] "Overview of Company Formation in Ras Al Khaimah Economic Zone - STA Law Firm". www.stalawfirm.com. Retrieved 2021-05-15.

[3] "Video: Growth during pandemic? RAK Economic Zone reports up to 20% jump in leads this 2020". gulfnews.com. Retrieved 2021-05-15.

[4] Godinho, Varun (2020-12-14). "RAK developer offers UAE residency with purchase of homes". Gulf Business. Retrieved 2021-05-15.

[5] Abbas, Waheed. "Ras Al Khaimah allows 100% foreign ownership in mainland". Khaleej Times. Retrieved 2021-05-15.

[1]

[2]

[3]

[4]

[5]

Ras Al Khaimah Economic Zone

History

References

Information related to Ras Al Khaimah Economic Zone

Portal di Ensiklopedia Dunia