UAE is quite famous as the trade hub in the world. Being the hometown of the millionaires, UAE is technically, economically, and industrially very advanced than other cities in the world. It is mainly because this place encourages foreign as well as local entrepreneurs to invest in their market. The advantage is mainly the accessibility of the free-trade zone or the RAK free trade zone.
Commonly known as, the Ras Al Khaimah Free Zone, it is a symbolic developmental region of the free trade in UAE. The RAK free zone was established in the year 2000 and has gained colossal prosperity among the local and foreign shareholders.
If you want to be a part of the RAK free zone in UAE i.e. RAK free zone business setup, you will need the RAK free zone visa
Is it easy to get the RAK Free Zone Visa?
The companies that fall under the RAK free zone are very encouraging. It is effortless for anyone to start their business in the RAK free zone visa facilities category. You have to be ready with your documents of identification, the power of attorney and other valuable papers for the authorities to complete the RAK free zone visa application procedure.
Besides, there are many business agencies which you can consult as a help or a guide for your RAK free zone visa and benefit from their experience & expertise in the industry.
Regulations of the RAK Free Zone
The RAK free zone visa is applicable for only the RAK free trade zone and not for any other trading zones. With this visa you can only deal with the clients who are under this trade zone.
Moreover, the number of companies dealing in the RAK free trade zone depends on the visa type, scale of performance, and the scope. The size and facilities also have an impact on the RAK free zone visa.
Types of visa available for the RAK Free Zone
There are four kinds of permissions available for the RAK free trading companies. They are as follows:
- Investor visa
- Employment visa
- Family visas
- Visit visas
These types, rules, and regulations; everything fall under the trade laws of the UAE government.
Tax advantages of the RAK free zone visa
Once you have received the RAK free zone visa and your company falls under the RAK Free Zone trading, you will benefit from the following legal advantages:
- Zero taxation on the profits and income
- Zero tax on profit refurbishment
- Zero taxation on income refurbishment
If you are a foreign investor, you can have the full access to the residence visa way faster than any other free trading zones.
Overall
If you have the RAK free zone visa as a trade license in UAE, you can be the king and enjoy facilities both governmental and non-governmental. In case your business is running smoothly even without the RAK free zone visa, get one today to enjoy more flexible & lucrative trade benefits in UAE.
