The Emirate Prides On Its Proven Record Of Safety And Stability
At the northernmost part of the United Arab Emirates (UAE) lies Ras Al Khaimah, one of the leading destinations for company formation in the UAE.
The emirate prides on its proven record of safety and stability as backed by renowned credit rating agencies such as Fitch Ratings and S&P. With logistical hubs such as seaports, international airport and multi-lane superhighways, companies easily access the trade flows between the east and the west.
It stands out due to its strategic location that gives business owners easy access to the far east nations like China, Pakistan, and India. The emirate’s state-of-the-art facilities, hassle-free set ups procedures and a prominent offshoring destination in the northern region of the UAE makes RAK Free Zone a top choice for foreign owners.
Yes, a foreigner can establish a firm in the RAK Free Zone, benefiting from a supportive environment designed to attract international investment.
Company formation in the RAK Free Zone offers several advantages, including 100% foreign ownership, less corporate tax and 0% personal income tax, no minimum capital requirements, and simplified procedures for business setup.
To set up a business in the RAK Free Zone, you need to choose the appropriate business activity, submit the required documents and application for a business license, and complete the registration and office space leasing.
Yes, you can own 100% of your business in the RAK Free Zone, giving you full control over your operations without the need for a local partner.
The process to obtain a business license in the RAK Free Zone typically takes around a few days to a couple of weeks, depending on the completeness of the application and documentation provided.
RFZ CSP has been helping clients with company formations & business consultancy in the UAE.
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