RAKEZ And RAK DED Join Forces To Enhance Business Services For Companies In Ras Al Khaimah

Ras Al Khaimah Economic Zone (RAKEZ) has entered into a Memorandum of Understanding (MoU) with the Department of Economic Development of Ras Al Khaimah (RAK DED). This agreement aims to improve business services for companies in the emirate. The signing took place at Compass Coworking Centre, with Mohammed Mahmood and Kutyba Al Issa representing RAK DED and RAKEZ, respectively.

The collaboration focuses on expanding RAKEZ's value-added services, such as corporate bank account opening, tax filing, and bookkeeping. These enhancements aim to provide businesses with essential tools for optimising operations and ensuring compliance. By combining their strengths, RAKEZ and RAK DED strive to create a supportive environment where businesses can thrive in a competitive market.

RAK DED will assist RAKEZ in offering these enhanced services to its wide client base. This strategic initiative is designed to help enterprises access necessary resources for growth. The partnership reflects a commitment to fostering a business-friendly atmosphere that encourages innovation and excellence among local companies.

Ramy Jallad, CEO of RAKEZ Group, stated that empowering businesses is crucial for economic development in Ras Al Khaimah. He highlighted that the partnership with RAK DED demonstrates a shared goal of creating an environment where businesses can excel and set new benchmarks for success.

Dr Abdulrahman Al Shayeb Al Naqbi, General Manager of RAK DED, expressed the department's dedication to developing strategies that support a favourable business climate. He mentioned that this partnership aligns with Ras Al Khaimah's vision and aims to enhance the ease of doing business ranking by improving investment opportunities through efficient tax registration and banking services.

This collaboration is expected to streamline processes for businesses, making it easier for them to operate effectively within the emirate. By focusing on key areas like tax registration and banking, both organisations aim to attract more investments and boost economic growth in Ras Al Khaimah.

The agreement between RAKEZ and RAK DED marks a significant step towards enhancing the business landscape in Ras Al Khaimah. Through this partnership, they aim to provide companies with the necessary support to succeed while contributing positively to the region's economic development.

With inputs from WAM