{"id":907,"date":"2019-08-28T09:52:13","date_gmt":"2019-08-28T09:52:13","guid":{"rendered":"http:\/\/emiratesbd.ae\/blog\/?p=907"},"modified":"2019-09-12T06:58:12","modified_gmt":"2019-09-12T06:58:12","slug":"why-rak-is-one-of-the-best-global-free-zones-for-smes","status":"publish","type":"post","link":"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/","title":{"rendered":"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES"},"content":{"rendered":"\n


<\/p>\n\n\n\n

With an annual economic growth rate of over 8%, Ras Al Khaimah\nis fast emerging as the destination of choice for businesses across industry\nspectrums. The emirate has a rich history of trade and export. Its strategic\nlocation provides businesses easy access to customers in Europe, Asia, Middle\nEast and Africa \u2013 a combined market of over 2.5 billion. But the most important\nelement contributing to the growth of business in the emirate is the RAKEZ\n(formerly RAKFTZ).With an annual economic growth rate of over 8%, Ras Al\nKhaimah is fast emerging as the destination of choice for businesses across\nindustry spectrums. The emirate has a rich history of trade and export. Its\nstrategic location provides businesses easy access to customers in Europe,\nAsia, Middle East and Africa \u2013 a combined market of over 2.5 billion. But the\nmost important element contributing to the growth of business in the emirate is\nthe RAKEZ (formerly RAKFTZ).<\/p>\n\n\n\n

The\nfree zone is part of a larger governing authority, Ras Al Khaimah Economic Zone\n(RAKEZ), which hosts a total of 13,000 companies spread across 50 industry\nverticals. It offers a highly cost-effective, business-friendly environment for\nboth new and established businesses. In fact, fDi Magazine has recognized RAKEZ\nas one of the best free zones in the world for SMEs.<\/p>\n\n\n\n

There\nare host of different factors that have contributed to this achievement. We\nexplore a few below.<\/p>\n\n\n\n

\u25cf\nLow Set Up Costs<\/strong><\/p>\n\n\n\n

Company formation in RAKEZ<\/a> (formerly\nRAKFTZ) has remarkable economic advantages. In addition to benefits like 0%\ncorporate and personal income taxes, 100% profit repatriation, and 100%\nbusiness ownership, RAKEZ has significantly lower business costs when compared\nto other free zones. The free zone was recently awarded by fDi Magazine for its\nset-up cost reduction over the past year. During 2017, RAKEZ reduced the cost\nof business set by 10% and introduced a 12-month instalment option for its\n3-year business plan.<\/p>\n\n\n\n

\u25cf\nSupport For All Kinds Of Businesses<\/strong><\/p>\n\n\n\n

With\ndedicated regions for nearly every kind of business \u2013 Business Park (corporate\nentities), Industrial Park (industrial and manufacturing), Technology Park\n(tech and light manufacturing) and Academic Zone (educational institutions) \u2013\nRAKEZ is able to successfully serve the needs of any and all types of\nenterprises. The Economic Zone also offers a selection of tailored services to\nserve the various needs of modern businesses like business centre facilities,\nwarehousing and others.<\/p>\n\n\n\n

\u25cf\nFast Track Processing<\/strong><\/p>\n\n\n\n

The\ngovernment of Ras Al Khaimah has done a great job of cutting away the red tape\nfrom the process of setting up a business in the emirate. These include single\nwindow licensing, easy documentation, fast-track government approvals, visa\napprovals, banking facilities and much more. This has been a major factor in\nattracting businesses to RAK for company formation.<\/p>\n\n\n\n

\u25cf\nProximity To Dubai<\/strong><\/p>\n\n\n\n

In\naddition to the modern, fully-planned infrastructure that RAKEZ offers, its\nproximity to Dubai is also a major advantage. With facilities like Dubai\nInternational Airport and the Jebel Ali Seaport, Dubai has one of the strongest\nlogistics networks and transport infrastructures in the world. Ras Al Khaimah\nis just 45 minutes away from Dubai by road.<\/p>\n\n\n\n

Owing\nto these factors and many others, RAKEZ has emerged as a cost effective gateway\nfor many small and medium enterprises from across the world to enter the GCC\nmarket. With Ras Al Khaimah FTZ, businesses can take advantage of the political\nstability, economic advantages, modern infrastructure and easy business set up\nthat UAE has to offer, without heavy costs or long processes.<\/p>\n","protected":false},"excerpt":{"rendered":"

With an annual economic growth rate of over 8%, Ras Al Khaimah is fast emerging as the destination of choice for businesses across industry spectrums. The emirate has a rich history of trade and export. Its strategic location provides businesses easy access to customers in Europe, Asia, Middle East and Africa \u2013 a combined market of over 2.5 billion. But the most important element contributing to the growth of business in the emirate is the RAKEZ (formerly RAKFTZ).With an annual economic growth rate of over 8%, Ras Al Khaimah is fast emerging as the destination of choice for businesses across […]<\/p>\n

<\/div>
SHARE THIS POST<\/div>
<\/path><\/svg><\/span> <\/span><\/a><\/path><\/svg><\/span> <\/span><\/a><\/path><\/g><\/svg><\/span><\/a> <\/span>
<\/div><\/a><\/div>
<\/div><\/div>
<\/div>","protected":false},"author":1,"featured_media":945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[37,47],"yoast_head":"\nWHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES - Emirates BD Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES - Emirates BD Blog\" \/>\n<meta property=\"og:description\" content=\"With an annual economic growth rate of over 8%, Ras Al Khaimah is fast emerging as the destination of choice for businesses across industry spectrums. The emirate has a rich history of trade and export. Its strategic location provides businesses easy access to customers in Europe, Asia, Middle East and Africa \u2013 a combined market of over 2.5 billion. But the most important element contributing to the growth of business in the emirate is the RAKEZ (formerly RAKFTZ).With an annual economic growth rate of over 8%, Ras Al Khaimah is fast emerging as the destination of choice for businesses across […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"Emirates BD Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-28T09:52:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-12T06:58:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emiratesbd.ae\/blog\/wp-content\/uploads\/2019\/08\/freezones_img10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"290\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"EBD_Admin1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"EBD_Admin1\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/\",\"url\":\"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/\",\"name\":\"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES - Emirates BD Blog\",\"isPartOf\":{\"@id\":\"https:\/\/emiratesbd.ae\/blog\/#website\"},\"datePublished\":\"2019-08-28T09:52:13+00:00\",\"dateModified\":\"2019-09-12T06:58:12+00:00\",\"author\":{\"@id\":\"https:\/\/emiratesbd.ae\/blog\/#\/schema\/person\/7fdf27a89f1083689450c201a2c28cee\"},\"breadcrumb\":{\"@id\":\"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emiratesbd.ae\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emiratesbd.ae\/blog\/#website\",\"url\":\"https:\/\/emiratesbd.ae\/blog\/\",\"name\":\"Emirates BD Blog\",\"description\":\"The Emirates Favored Business Directory\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emiratesbd.ae\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emiratesbd.ae\/blog\/#\/schema\/person\/7fdf27a89f1083689450c201a2c28cee\",\"name\":\"EBD_Admin1\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emiratesbd.ae\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2ff5b9507db4855b1127faa7f54632fb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2ff5b9507db4855b1127faa7f54632fb?s=96&d=mm&r=g\",\"caption\":\"EBD_Admin1\"},\"url\":\"https:\/\/emiratesbd.ae\/blog\/author\/adminemiratesbd-ae\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES - Emirates BD Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/","og_locale":"en_US","og_type":"article","og_title":"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES - Emirates BD Blog","og_description":"With an annual economic growth rate of over 8%, Ras Al Khaimah is fast emerging as the destination of choice for businesses across industry spectrums. The emirate has a rich history of trade and export. Its strategic location provides businesses easy access to customers in Europe, Asia, Middle East and Africa \u2013 a combined market of over 2.5 billion. But the most important element contributing to the growth of business in the emirate is the RAKEZ (formerly RAKFTZ).With an annual economic growth rate of over 8%, Ras Al Khaimah is fast emerging as the destination of choice for businesses across […]","og_url":"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/","og_site_name":"Emirates BD Blog","article_published_time":"2019-08-28T09:52:13+00:00","article_modified_time":"2019-09-12T06:58:12+00:00","og_image":[{"width":290,"height":280,"url":"https:\/\/emiratesbd.ae\/blog\/wp-content\/uploads\/2019\/08\/freezones_img10.jpg","type":"image\/jpeg"}],"author":"EBD_Admin1","twitter_card":"summary_large_image","twitter_misc":{"Written by":"EBD_Admin1","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/","url":"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/","name":"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES - Emirates BD Blog","isPartOf":{"@id":"https:\/\/emiratesbd.ae\/blog\/#website"},"datePublished":"2019-08-28T09:52:13+00:00","dateModified":"2019-09-12T06:58:12+00:00","author":{"@id":"https:\/\/emiratesbd.ae\/blog\/#\/schema\/person\/7fdf27a89f1083689450c201a2c28cee"},"breadcrumb":{"@id":"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/emiratesbd.ae\/blog\/why-rak-is-one-of-the-best-global-free-zones-for-smes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emiratesbd.ae\/blog\/"},{"@type":"ListItem","position":2,"name":"WHY RAK IS ONE OF THE BEST GLOBAL FREE ZONES FOR SMES"}]},{"@type":"WebSite","@id":"https:\/\/emiratesbd.ae\/blog\/#website","url":"https:\/\/emiratesbd.ae\/blog\/","name":"Emirates BD Blog","description":"The Emirates Favored Business Directory","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emiratesbd.ae\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emiratesbd.ae\/blog\/#\/schema\/person\/7fdf27a89f1083689450c201a2c28cee","name":"EBD_Admin1","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emiratesbd.ae\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2ff5b9507db4855b1127faa7f54632fb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2ff5b9507db4855b1127faa7f54632fb?s=96&d=mm&r=g","caption":"EBD_Admin1"},"url":"https:\/\/emiratesbd.ae\/blog\/author\/adminemiratesbd-ae\/"}]}},"_links":{"self":[{"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/posts\/907"}],"collection":[{"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/comments?post=907"}],"version-history":[{"count":1,"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/posts\/907\/revisions"}],"predecessor-version":[{"id":946,"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/posts\/907\/revisions\/946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/media\/945"}],"wp:attachment":[{"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/media?parent=907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/categories?post=907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emiratesbd.ae\/blog\/wp-json\/wp\/v2\/tags?post=907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}