Ras Al Khaimah Free Zone is emblematic of the development of free zones in UAE. Shortly known as RAK, the free zone was established in 2000 and now is home to companies established by foreign shareholders from more than 100 countries in over 50 industries. The main reason foreign investors have chosen RAK Free Zone was its proximity to Dubai and the advantages its free zone status offers to them.
If you want to open a company in RAK Free Zone, our company formation agents in Dubai can assist you.
How easy is it to open a company in RAK Free Zone?
Among the advantages offered by RAK Free Zone is the easiness one can start a company here. Apart from the fact the foreign investors will need to appoint a resident or company formation representatives in Dubai in order to carry out the process, they will only to provide their identification documents and power of attorney for the agents to complete the company incorporation process in RAK free zone.
Another important step is to choose the appropriate business license, and another advantage offered by RAK Free Zone is the wide selection of business permits available here. These are:
- the commercial license;
- the educational license;
- the industrial license;
- the consultancy or services license.
Foreign investors should also take into account the special areas they can set up a company in RAK Free Zone. These are:
- the Business Park;
- the Industrial Park;
- the Academic Zone;
- the Technology Park.
Our company registration consultants in Dubai can offer information on the types of companies you can open in RAK Free Zone.
Tax advantages offered by RAK Free Zone
Foreign investors who have decided to operate in RAK Free Zone will benefit from the following tax advantages:
- no tax on income or profits;
- no tax on capital repatriation;
- no tax on profit repatriation.
Apart from the tax-free corporate business environment, foreign investors will also be allowed to obtain their residence visas faster than in other Dubai free zones. They can also benefit from very advantageous prices when renting office space in the buildings created for this purpose in RAK Free Zone.
For complete information on the advantages offered by RAK Free Zone, please contact our company incorporation agents in Dubai.