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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]
The free zone provides a tax-free environment, 100% foreign ownership, fast-track visas, freedom to source labour and materials globally, and ongoing business support services. [1] RAK FTZ provides these incentives at lower cost than free zones in other emirates. [2] [3] RAK FTZ was established in May 2000 by an Emiri Decree.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: 100% foreign ownership of the enterprise; 100% import and export tax exemptions
The city of Ras Al Khaimah is home to the Ras Al Khaimah Economic Zone (RAKEZ) that helps connect investors and international markets. It operates an online client portal called Portal 360. [27] The zone services businesses ranging from freelancers to SMEs and start-ups across 50 industries. RAKEZ is divided into six dedicated zones: [28] [29]
Jordon Hudson received romantic roses! On Saturday, Feb. 1, the former college cheerleader, 24, shared an Instagram photo of the bouquet of red roses she got from boyfriend Bill Belichick, 72 ...
Its establishment was linked to a World Bank study and investment promotion event in May 2005 ("Invest and Live in Ras Al Khaimah") [4] initiated and pursued by the Swiss-Lebanese engineer Khater Massaad who was a long-time adviser to Sheikh Saud Bin Saqr Al-Qasimi, the creator of RAK Ceramics and the longtime CEO of RAKIA.
A shortage of chicken meat isn't on the menu for the U.S., experts said, even as eggs remain relatively expensive and in short supply nationwide. At least not due to bird flu-related shortages ...
The U.S. Supreme Court declined on Monday to hear a challenge to the legality of buffer zones used to protect access to abortion clinics and limit harassment of patients in a challenge brought by ...