Freezones Ras al Khaimah Free Trade Zone
What law established this free zone?>>🔗
Ras Al Khaimah Free Trade Zone (RAK FTZ) is a free economic zone located in the emirate of Ras Al Khaimah, UAE. It was established under Emiri Decree No. 2/2000, which granted the authority to establish, regulate and operate the free zone to the Ras Al Khaimah Free Trade Zone Authority. The legal framework of the free zone is based on the RAK Free Trade Zone Authority (RAK FTZA) Regulations 2007. In 2017, the RAK FTZ was merged with the RAK Investment Authority (RAKIA) to form a new entity called RAK International Corporate Centre (RAKICC).
What are the main internal regulations governing this free zone?>>🔗
The main internal regulations governing Ras al Khaimah Free Trade Zone (RAK FTZ) are the RAK Free Trade Zone Authority (RAK FTZA) Regulations of 2007. These regulations establish the legal framework for the operation of the free zone and provide for the following:
Incorporation of companies and registration of branches of foreign companies
Licensing and regulation of business activities in the free zone