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https://www.varaluae.com/company-formation-in-dubai/freezone-company-in-uae/rak-free-zone-company/ RAK free zone company: Background, company registration, investor benefits, types of licenses RAK free zone company: Ras Al Khaimah Investment Authority (RAKIA) is a Government body formed in 2005 with a mandate to promote industry, trade, investment, tourism and infrastructure in the Emirate of Ras Al Khaimah in UAE. The RAKIA Free Zone has quickly proven itself to be one of the fastest growing and most cost-effective free trade zones globally, reaching its goals to achieve global brand recognition as a rapidly growing free zone.