was created as a Free Zone by Emiri Decree
in Dec 2009, and the Decree also confirmed the boundaries of the new maritime
city. The benefits are as diverse as the offerings. RAK Maritime City free zone
combines the best in international port facilities with inherent business
advantages for companies seeking cost efficient, secure, transparent and
customized business answers with the best in tax benefits. RAK Maritime City
will be zoned into areas for specified use — retail, warehousing, general cargo
handling, industrial production and manufacturing, tank storage and shipbuilding
or repairs. Each will be able to incorporate companies as both FZE and FZC
entities, along with a choice of trading licences, work permits and UAE
residence visas. With significant land expansion available for individual
companies,
outstanding access to a variety of markets, low operating costs, and complete
business support in all your ventures, RAK Maritime City is your maritime
gateway into the region.
RAKMC Free Zone will issue both FZE and FZCo licenses. Work permits and
residence visas will also be issued by RAKMC. The Free Zone is divided into two
types of plots -
plots with a linear quay length as part of its boundary, and giving
exclusive use of that quay, and
plots with no direct access to the water and located away from the harbour
area.
RAKMC is also zoned into areas for specified uses – retail, warehousing,
general cargo handling, industrial production and manufacturing, and ship
building and repairs. Plots are available with a minimum size of 25,000 sqm.
However, plots with an exclusive berth / jetty of 100 linear meters will
necessitate a minimum leased area of approx 40,000 sqm. Lease agreements are
being offered for 25 years, renewable for a further 25 years. Longer leases will
be considered for periods up to 99 years.
