On July 15th the Head of Trade Office Sebastian Stępnicki was welcomed at the new Ras Al Khaimah Free Trade Zone (RAK FTZ) office in Boulevard Plaza in Dubai. The discussion was about business opportunities and facilities of RAK FTZ. In an effort to enhance the business relationship with Poland, RAK FTZ proposes to have the opportunity to share the benefits of the RAK FTZ with the Polish companies in various sectors such as medical care, education, FMCGs, textiles, chemicals, metals, building materials, machineries and equipment's. RAK FTZ is pleased to continue this discussion in planning a trip/visit to Poland soon.
RAK FTZ is one of the oldest free trade zones and ideal business hub for Polish companies to enter the UAE and the Middle East region in the most cost effective free trade zone.
Ras Al Khaimah, one of the seven emirates that comprise the United Arab Emirates, has grown rapidly in recent years into a strategic industrial and trading hub. Less than an hour's drive from Dubai, RAK FTZ offers the most business-friendly and cost-effective company set-up solutions in the Middle East.
Founded in 2000, RAK FTZ is the business hub of choice for more than 8,300 companies from over 100 countries, representing more than 50 industry sectors. Zero taxes, full repatriation of profits, 100 per cent foreign ownership, top-notch facilities, award-winning services, and no capital restrictions are among the free zone's key advantages. Another significant advantage for Ras Al Khaimah is its strategic geographical location, which provides easy access to markets across Africa, Europe, the Middle East and Asia.
To date, RAK FTZ has 21 Polish companies registered, of which 8 hold a commercial license, 11 a consulting license and 2 a general trading license.