Ras al-Khaimah is one of the emirates of the UAE.
The capital city of the emirate goes by the same name and it is located in the northern part of the UAE.
RAK is one of the best places for doing business or setting up a company.
It offers great access to several markets, especially that of the Middle East and the North African regions.
In fact, this is why there is the RAK Investment Authority, which allows for easy setup of any business in RAK.
If you’re targeting in the Gulf Area, there’s no better place than setting up your business in RAK.
As it offers access to UAE as well as a gateway to the Gulf Region.
It’s privacy policies are the most protective policies for your business.
RAK has several free zones as well as non-free zones.
Entrepreneurs and startups can find it a great place to being a company from the ground and eventually grow from there.
Business setup in RAK is affordable and also minimal in terms of cost.
Thus, it is always a great destination for establishing a company.
One of the greatest advantages offered by the RAK Investment Authority is that of a safe, discreet and secure jurisdiction in terms of incorporation of any international business company.
There is total privacy and this offers a competitive business environment. Also, there is no corporate taxation involved for a company setup in a RAKIA free zone nor are there exchange and export-import controls.
Why opt for free trade zone in RAK?
The location of your company is definitely the most important things to consider when it comes to the setup of a company.
From here, you can sell your business idea and then gather your market base.
So, a free zone company in RAK can help in a number of ways in this regard as there are several benefits to this proposition.
- Total ownership of your company
- Not required to be physically present in the UAE
- Opening and ownership of bank account
- Total privacy for all operations
- Exemption from taxes
- Renewal charges are minimal and reduced
- Trade freely with international businesses
- Acquire properties with no inhibition as you expand your operations
- Visa options
- No restrictions on profits and capital