RAK FTZ reaches out to the world

Ras Al Khaimah Free Trade Zone helps companies gain a foothold in regional market place.

Tags: Ras Al Khaimah Free Trade ZoneUnited Arab Emirates
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RAK FTZ reaches out to the world RAK Free Trade Zone provides an ideal launchpad for IT firms, says Gorlero.
By  ITP.net Staff Writer Published  October 21, 2009

Businesses with ambitions to establish a presence in the Middle East will be interested to learn that the Ras Al Khaimah Free Trade Zone (RAK FTZ) is providing a special offer during GITEX.

As one of the fastest-growing trade hubs in the region, with in excess of 7,000 companies, RAK FTZ is keen to ensure that it can help even more businesses put down roots in the market.

“We are the most cost-effective free zone in the UAE,” declares Luca Gorlero, director of marketing and business development at RAK FTZ. “For AED22,000 you can get our Flexidesk offer, while our GITEX offer of AED50,000 gives you the full package that can get your business started from day one,” he says.

RAK FTZ hopes that its appearance at GITEX will keep it on track to meet its target of signing up 2,000 additional companies during 2009.

“GITEX has always been a good opportunity for us because technology is an integral part of our business and helps to evolve our services,” comments Gorlero. “We are here to show our prospects how our technology tools and partnership with [online portal] Tejari will help them with B2B match-making and how to use marketing as an enabler.”

He continues: “We offer three core things - HR, marketing and technology services; and technology plays a major part in our tools for those services.”

RAK FTZ has been operating for nine years and offers companies a quick and easy  route to building a presence in the UAE and wider Middle East market. It promises 100% foreign ownership, no restrictions on capital and profit repatriation, and strategic access to local and regional markets.

Gorlero insists that the services RAK FTZ provides continue to evolve. “In the past, free zones used to offer a licence, facilities, banking and visas,” he says. “But now we need to be a facilitator, so we offer legal advice on how to structure the business, as well as advice on HR and procurement to get new businesses operating from day one.”

RAK FTZ counts companies from all across the world as residents. Earlier this month, it launched a special ‘German Desk’, aimed at assisting all German partners within the free zone.

It serves as an immediate source of information and an extended service centre, manned by a German-speaking representative. 250 German companies are already based at the free zone.

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