{"id":6439,"date":"2022-01-07T06:45:35","date_gmt":"2022-01-07T06:45:35","guid":{"rendered":"https:\/\/www.rakmediaoffice.ae\/?p=6439"},"modified":"2022-01-10T06:47:30","modified_gmt":"2022-01-10T06:47:30","slug":"rakez-clients-to-operate-in-ras-al-khaimah-mainland-using-the-same-free-zone-office-through-a-branch-licence-by-rak-ded","status":"publish","type":"post","link":"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/rakez-clients-to-operate-in-ras-al-khaimah-mainland-using-the-same-free-zone-office-through-a-branch-licence-by-rak-ded\/","title":{"rendered":"RAKEZ clients to operate in Ras Al Khaimah mainland using the same free zone office, through a branch licence by RAK DED"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nRas Al Khaimah Economic Zone (RAKEZ) has unveiled its Dual Licence structure, which allows investors to operate in both free zone and mainland jurisdictions, without the need to have an additional facility in the mainland. The new structure has been launched by the economic zone in collaboration with Ras Al Khaimah Department of Economic Development (RAK DED).<\/p>\n<p>Dual Licence holders will be able to distribute products and offer services in free zone and mainland areas with a free zone licence issued by RAKEZ and a \u2018Branch of a Free Zone Company\u2019 licence issued by RAK DED. The unique dual licence setup entitles investors a 100% foreign ownership and the eligibility to bid for government contracts.<\/p>\n<p>\u201cWe are always keen to provide our clients with the best solutions. We launched the Dual Licence structure for this very reason \u2013 to offer them the best of both free zone and mainland benefits, all without the need to incorporate a separate company. Basically, this package opens up a new market for their business, and substantially expands their accessibility and reach; all whilst reducing the red-tape requirements of the past,\u201d said Ramy Jallad, RAKEZ Group CEO. \u201cWe are glad to have teamed up with RAK DED for another initiative that roots from our shared goal of further developing Ras Al Khaimah\u2019s vibrant economy.\u201d<\/p>\n<p>Commenting on the initiative, Dr Abdulrahman Alshayeb Alnaqbi, Director General of RAK DED, said: \u201cWe are pleased to collaborate with RAKEZ on yet another great initiative for the benefit of global investors who chose Ras Al Khaimah to base their operations. We will continue to work together to further elevate Ras Al Khaimah\u2019s investment landscape and make it even more welcoming and dynamic than it is today.\u201d<\/p>\n<p>RAKEZ will continue to venture for more products and services to offer its clients and to boost its competitiveness in the market as a global investment hub and to promote Ras Al Khaimah as an ideal work, live and play environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ras Al Khaimah Economic Zone (RAKEZ) has unveiled its Dual Licence structure, which allows investors to operate in both free zone and mainland jurisdictions, without the need to have an additional facility in the mainland. The new structure has been launched by the economic zone in collaboration with Ras Al Khaimah Department of Economic Development [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,3],"tags":[],"press_release_topic":[60],"latest_news_topic":[],"class_list":["post-6439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center","category-press-releases","press_release_topic-business-and-economy"],"acf":{"related_to_hh":"no","header_desc":"","header_image":false,"pdf_file":false,"hi-res_image":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RAKEZ clients to operate in Ras Al Khaimah mainland using the same free zone office, through a branch licence by RAK DED - Home 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