BUSINESS SETUP IN RAS AL KHAIMAH
We can assist you with business setup in Ras Al Khaimah – one of the most happening, secure, and confidential offshore locations in the Middle East!
Ras Al Khaimah (RAK), which is situated at the northern tip of the UAE, shares mountainous borders with the Sultanate of Oman and is located between the Arabian Gulf to the west and the Hajjar Mountains to the east. In less than 45 minutes, RAK is available just outside of Dubai, making it an excellent investment option for global financiers.
Although the Emiratis are home to many free zones, what makes RAK stand out in the Emirates is its strategic location. RAK is closest to nations in the far east, including China, India, Iran, Pakistan, and the Commonwealth of Independent States (CIS). Ras Al Khaimah positions itself as a prominent port and offshoring destination in the northern Emirate due in part to its ease of access, hassle-free administrative procedures, and proximity to the RAK Free Trade Zone and Port Saqr.
Foreign investors came to Ras Al Khaimah as it is one of the most developed economies in the emirates with tremendous economic development. Significant foreign investment in RAK is attracted by liberal government policies, state-of-the-art infrastructure development, a thriving economy, and friendly trade relationships with neighbouring countries. You should also consider business setup in Ras-Al-Khaimah since having a physical presence there builds trust among the locals, helps in forging long-term customer relationships, and allows you to establish trade contacts with the UAE.
The following incentives and facilities are available to companies locating in Ras Al Khaimah:
- Personal and corporate income are not taxed
- There are no foreign exchange controls, tariffs, or quotas in place
- There are no customs duties on imports, exports, or services
- Business-friendly legal frameworks and company laws that ensure investment security
- Incentives for investors sponsored by the government
- Own 100% of the company
- There is a 100% tax exemption on all commercial levies for imports and exports
- Profits and capital returned 100%
A business setup in Ras Al Khaimah requires the right licenses. Registration and issuance of business licenses to non-resident companies is handled by the Ras Al Khaimah Free Zone Authorities. In addition, licensing procedures are governed by the federal government and the individual emirates. Business setup in UAE requirements and regulations depend on the type of business.
RAK Offshore was founded in response to the rising demand for offshore markets. Also, this helps the administration to increase their sources of income for the continued growth of their economy. In RAK’s offshore client portfolio, there are more than 1900 International Business Companies (IBCs).
Real estate companies and property investment companies are the first companies listed with RAK offshore. By establishing new policies, RAK offshore ensures that people are provided with a welcoming environment.
We are a registered company which offers business setup in Ras Al Khaimah. You can rely on our experienced team of business management consultant in UAE to help you form an offshore company in RAK without any difficulties and within a short timeframe. We are a one-stop solution provider that assists businesses not only with the development of their business setup in Ras Al Khaimah but also with the completion of the necessary legal documentation. We take care of Passport, Visa, and Licensing requirements for our clients thanks to extensive domain experience and familiarity with Emirate laws. We ensure that tasks are completed efficiently and without unnecessary delays.