Ras Al Khaimah Media Free Zone and Film City was launched in the year January 2006. Home to over 100 media companies, Ras Al Khaimah Economic Zone (RAKEZ) offers a supportive environment dedicated to fostering the growth of creative individuals and firms across various media segments. It offers cost-effective and customised solutions to meet your specific business needs
The RAKEZ Media Zone provides a nurturing and synergistic environment for owners of media firms and professionals in the field to set up or expand their media companies in RAK, where there is a high demand for creative media providers in various fields including: Media production, TV and Radio Broadcasting, Event Management, Animation, Music and Entertainment, as well as Publishing. It also brings media-related businesses close to their peers, creating a neighbourhood of media suppliers and vendors that embrace B2B collaboration for the growth of their respective businesses.
Facilities available at Ras Al Khaimah Media Free Zone:
- FLEXI FACILITIES: Ideal for startups in the media field
- OFFICES: Ideal for education support, consultancy and training
- WAREHOUSES: Ideal for media production companies
- LAND FOR DEVELOPMENT: Ideal for huge TV and radio stations
Types of Visas issued at RAKEZ Media Zone:
Visas are issued to all eligible types of category of UAE Residence Visas, for owners, managers, partners, employees and labourers.
Type of Licenses available at RAKEZ Media Zone:
A media licence is obtained based on your preferred segment. RAKEZ caters to a variety of segments and each segment has a number of activities from which you can select the ones that suit your requirements.
Activities Permitted with RAKEZ Media License
RAKEZ Media Zone is a one place solution for practically all media-related industries which covers all sectors of the media and entertainment sector. The following list of allowed activities in RAKEZ Media Zone are available for business owners to choose from:
Benefits of setting up business in RAKEZ Media Zone
- Cost-effective and wide-ranging media activities
- Premium value-added packages for startups and SMEs
- Simplified and fast-track company set-up process
- Live, work & play creative environment
- First-class business support in a one-stop shop
- Access to more than 15,000 companies within RAKEZ community
- Eligibility to apply for UAE Residence Visas for owners, partners, managers, employees and labourers
Corporate tax applicability to the companies in RAKEZ MEDIA ZONE:
Corporate tax law is going to be applicable for all the companies registered in UAE including the free zones in UAE. The UAE Corporate tax is going to be effective for the financial year beginning on or after 1 June 2023 for the businesses in UAE. Corporate tax will be levied at zero percent on the taxable income (adjusted net profit) of the businesses in the free zones as long as they comply with all the regulations of the respective free zone and do not do any business with the mainland companies, otherwise there is a possibility of levying 9% corporate tax on the taxable income (adjusted net profit) in excess of AED 375,000. Hence companies in the Free Zones need to make sure that they are complying with all the regulations of the free zone and do not do any business with the mainland entities to enjoy the benefit of zero percentage of UAE corporate tax.
{NOTE: Kindly note that the authenticity of this article is limited to the day of publishing this blog. As policies and rules pertaining to each free zone keeps changing from time to time based on the necessity of the respective authority, it is hereby advised you to check the website of the concerned free zone directly to get the latest update on the same. We do not assume any liability if you have taken any decision based on the information provided in the article. We have ensured that the presented information to the visitor is legible to the maximum extent possible so that all the information is available in one page, at one go. Thank you.}
How can Spectrum help you set up a business in RAKEZ MEDIA ZONE?
Spectrum provides an easy and simple start-up process for companies seeking to setup office RAKEZ Media Zone. Spectrum’s dedicated team will guide you through the process, answer your questions, provide the necessary forms, and serve as your primary point of contact to support you through the whole process.
Spectrum is an expert firm in the Company Formation and Company Liquidation process. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction. We are registered Auditors under the Ministry of Economy UAE and also registered Tax Agent from Federal Tax Agency UAE, Dubai providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying regulatory requirements.
Call us today for any kind of assistance at +971 4 2699329 or email us at [email protected] to get all your queries addressed. Spectrum is your partner in your success.
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