December 2017

Register your company for VAT before 1 January

Out of our promise to keep you updated with developments related to the UAE VAT Law announced recently, we would like to remind our valued cleints with taxable supplies above AED 375,000 in the year 2017, to register for VAT before 1 January 2018 by visiting the Federal Tax Authority (FTA) website and follow the required steps. Once you are registered for VAT, please make sure that you provide us with your VAT registration number issued by the FTA, by sending it at customerservice@rakez.com.
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Reminder regarding the Implementation of Security Deposit Policy

We would like to remind you that RAKEZ has introduced a Security Deposit Policy for the leasing of physical facilities, such as standard, executive, shell and core offices, warehouses, retail shops and land plots. Upon the expiration of your lease, the full security deposit will be returned, after officially handing over the facility to the free zone.
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Introducing Sehteq, provider of cost-friendly health insurance plan

In line with our commitment of putting our clients at the heart of what we do, we are pleased to announce that we have tied up with Sehteq, a healthcare platform introduced by RAK Incubator and Accelerator that offers unique health insurance schemes.
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Implementation of VAT in the UAE from 1 January 2018

As you are aware, the United Arab Emirates (UAE) Government has announced the introduction of Value Added Tax (VAT), which will apply in the country from 1 January 2018, as per the Federal Law No. (8) of 2017 on VAT. The supply of goods and services made on or after 1 January 2018 will be subject to 5% VAT unless specifically treated as tax-exempt or zero-rated under the scope of the VAT Law. The UAE Ministry of Finance (MoF) has issued updates and provided clarification as to how VAT will be ap...
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November 2017

RAK Giving Shopping Festival

In support of the United Arab Emirates’ (UAE) Year of Giving initiative, Ras Al Khaimah has launched the Giving Shopping Festival, which will run from 16 to 22 December 2017.
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