Emirates RAK Free Trade Zone (FTZ) is designed to fill a clear gap in the regional and worldwide offshore opportunities available to businesses and financial companies. A real need exists among investors and investment professionals in the Gulf, Middle East, Russia and other CIS countries, Europe and South Asia for an offshore location in the region and Emirates RAK Free Trade Zone (FTZ) has been conceived to address that need.
Thanks to geographical proximity and cultural similarities, Emirates RAK Free Trade Zone (FTZ) is an attractive location for businesses from countries in the Gulf and the Middle East. These countries already have strong business links with the UAE. Emirates RAK Free Trade Zone (FTZ) is also likely to benefit from the fact that some countries in the region suffer from political unrest and/or asset protection issues.
Confidentiality and financial privacy coupled with issues such as political uncertainty, weak currencies, taxes, severe foreign exchange controls and asset protection in Russia and CIS countries makes Emirates RAK Free Trade Zone (FTZ) a viable option for businesses from this region who seeks an offshore location.
Companies in this region have a favorable image of the UAE as a business centre. Add to that their interest in investing in the booming economies and financial markets of the GCC and it is not hard to see why Emirates RAK Free Trade Zone (FTZ) is a perfect offshore location for these companies.
Multinational Companies |
Family Businesses and SMEs |
Individuals | Ancillary Services (Including Maritime) |
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International Business Companies | • | • | • | • |
Trusts (General and Corporate Trusts) | • | • | • | |
Collective Investment Schemes (Funds) | • | • | • | |
Offshore Banking |
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Private Boats Registration |
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Outsourcing of Financial Services (Accouting, Audit, Customer Service, etc.) |
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