Business setup in Ras Al Khaimah Freezone situated in the northern end of the UAE, shares mountainous borders with the Sultanate of Oman and is settled between the Arabian Gulf on the West, and Hajjar Mountains on the East. RAK is just 45 minutes away from Dubai and is fast emerging as the preferred investment choice for global financiers.
Though there is a wealth of free zones in the Emirates, what makes RAK stand out in the Emirates is its strategic location. RAK is closest to far eastern nations; China, India, Iran, Pakistan, and the Commonwealth of Independent States (CIS). Apart from the ease of access, hassle-free administrative procedures, and proximity to RAK Free Trade Zone and Port Saqr positions Ras Al Khaimah as a prominent port and offshoring destinations in the northern Emirate.
Why Is Business setup in Ras Al Khaimah Freezone the Right Decision?
Ras Al Khaimah witnessed an influx of foreign investors as it is one of the most developed economies in the Emirates that have seen tremendous economic development. The factors that attract significant foreign investment in RAK are- liberal government policies, state-of-the-art infrastructural development, a thriving economy, and friendly trade relations with neighboring countries.
Another reason why you should consider setting up a business in RAK is, having a physical presence in the Emirate builds trust among the natives, helps in forging long-term customer relationships, and obtaining trade contacts in the UAE.
Business setup in Ras Al Khaimah Freezone enjoy the following incentives and facilities:
No tax on personal or corporate income
No foreign exchange controls, quotas or trade barriers
No customs duty on import, exports, or services
Hassle-free and business-friendly legal framework and company laws that ensure the security of investment
Government-sponsored incentives for investors
100% ownership
100% tax exemption on all commercial levies for import and export
100% return of capital and profits
Business-friendly environment and easy process to set up a company
Types of Ras Al Khaimah mFreezone
For starting a business in Ras Al Khaimah, proper licenses are required. The Free Zone Authorities handle the registration and issuance of business licenses to non-resident companies in Ras Al Khaimah. Other licensing procedures are regulated by the individual emirates and the federal government. The business setup requirements and regulations vary in each Emirate based on the type of business.
