RAKEZ, Ras Al Khaimah Economic Zone, is a free zone located in the Emirate of Ras Al Khaimah in the United Arab Emirates (UAE).
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RAKEZ offers a number of tax incentives to companies operating within its jurisdiction, including 0% corporate and income tax rates.
This means that businesses operating in RAKEZ are not subject to corporate or personal income taxes on profits or income earned in the zone. This can result in significant tax savings for companies operating within RAKEZ.
In addition to tax incentives, RAKEZ offers a number of other incentives and benefits to companies that operate within its jurisdiction. These include 100% foreign ownership, no currency restrictions, no restrictions on the repatriation of profits, and streamlined company registration and licensing processes.
Overall, RAKEZ is a popular destination for companies looking to establish a foothold in the UAE due to its favorable tax regime and other business-friendly policies.
