Corporate Tax & Accounting for RAKEZ Companies

Companies in RAKEZ must comply with UAE Corporate Tax, VAT and accounting rules just like any other business — and getting the free zone tax position right is especially important. RAKEZ is the Ras Al Khaimah Economic Zone, a large and cost-effective free zone for industrial, trading and services businesses. Safeway is an FTA-approved tax agent in Ajman that works with RAKEZ companies on registration, returns, accounting and audit-ready financial statements across the UAE.

Corporate Tax for RAKEZ companies

Every RAKEZ company must register for Corporate Tax, even if it expects to pay 0% as a Qualifying Free Zone Person (QFZP). The 0% rate applies only to qualifying income and only where the conditions are met — including earning qualifying income, maintaining adequate substance, meeting the arm's length and transfer pricing rules, and keeping audited financial statements. Income that does not qualify is taxed at 9%. We assess your QFZP status and help you keep it.

VAT and accounting in RAKEZ

RAKEZ companies within the scope of VAT must register, charge VAT correctly and file returns, and some designated zones have special rules for goods. Audit requirements depend on your package and activity; audit-ready records protect your free zone tax status. We keep your books clean and your returns accurate.

How Safeway helps RAKEZ businesses

• Corporate Tax registration and QFZP status review
• VAT registration and quarterly return filing
• Bookkeeping and IFRS financial statements, prepared audit-ready
• Transfer pricing documentation where required
• Liaison with licensed auditors for renewal and Corporate Tax

Contact us for a tax and accounting review of your RAKEZ company.

Frequently asked questions

Do RAKEZ companies pay Corporate Tax?

RAKEZ companies must register for Corporate Tax. A Qualifying Free Zone Person can pay 0% on qualifying income where all conditions are met, and 9% on income that does not qualify. Registration is mandatory regardless.

Do RAKEZ companies need audited financial statements?

Audit requirements depend on your package and activity; audit-ready records protect your free zone tax status. Audited statements are also required under Corporate Tax for every Qualifying Free Zone Person, regardless of revenue.

Can Safeway act for my RAKEZ company from Ajman?

Yes. Tax registration and filing are handled through the FTA's EmaraTax portal, so we act for RAKEZ companies across the UAE.

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