Ras Al Khaimah that is popularly known as RAK is one of the major commercial hubs of UAE with the most prominent opportunities and a multitude of facilities that no other place can offer. The symbolic developmental region of RAK has great significance for trade in the UAE and as per the reports, the RAK free zone was established in the year 2000.
Since then the region has gained immense prosperity and has vast aspects of scopes among the local as well as the foreign shareholders. Due to the cut-throat competition in the area though Business setup in Ras Al Khaimah can be quite challenging but facing the challenges can bring you certain benefits that remain unrivaled.
Perks of investing in RAK
Any company opting to do business in the Ras Al Khaimah enjoys the following privileges and incentives. Have a look at some of them:
- 100% Return of Capital and Profits
- 100% Ownership
- No Customs Duties on Import, Exports, or Services
- Tax on personal or corporate income is nil
- You don’t have to face any exchange controls, trade barriers, and quotas
- Business-friendly and hassle-free legal framework that ensures the security of your overall investment.
- 100% exemption from tax on every commercial level for export and import.
The types of license available to trade in RAK includes:
- Professional / General Trading License
- Industrial / Service License
- Commercial? Trading License
Hiring a helping hand
Isn’t business setup in Ras Al Khaimah a lucrative affair? Well if the answer is yes then here is how a consultancy can help you in the Business setup in Ras Al Khaimah and assist you in the long run as well.
- The consultancy firms can provide you the information about free and non-free zone entities.
- They can help you gain 100% foreign ownership along with providing a fast and efficient business setup process.
- They can help you to determine the legal category of the investment.
- Having a diligent consultancy by your side can be a great help for obtaining the approvals of the concerned authorities.
- They can help you to register the trade name.
- There are business establishment facilitation services that only consultancies can ensure.
- Besides that, they can also help in the issuance of the business licenses necessary for Business setup in Ras Al Khaimah.
Winding Up
RAK Free Zone Business Setup is no rocket science until you find the best consultancy to help you make familiar with the intricacies. Arab Business Consultant is seriously the result of your prayers for Business setup in Ras Al Khaimah because they not only help you to set up the business initially but can also be a game-changer in fulfilling the necessary documentation requirements.
Now your application form won’t be rejected besides that, the familiarity and the expertise of the consultants can significantly help to take care of your Visa, Passport and Licensing requirements. So are you convinced yet to go for an expert business consultancy?
