In the midst of the Arabian Gulf on the West and the Hajjar mountains on the East, lies the vigorously developing Ras Al Khaimah (RAK) situated in the northern end of the UAE. Sharing mountainous borders with the Sultanate of Oman and closest to far eastern nations China, India, Iran, Pakistan, and Commonwealth of Independent States (CIS), RAK stands out in the Emirates for its strategic location.
Within a reach of just 45 minutes from Dubai, RAK is emerging and gaining prominence as a booming business hub, the preferred investment choice for global financiers. RAK is an important port and offshoring destination with the ease of access and hassle-free administrative procedures.
If you are thinking of starting a business in RAK, there are three options for RAK business setup by an expatriate with a number of benefits within.
RAK Free Zone
RAK offers all facilities for setting up a business at 25% lesser rates than any other Emirate in the UAE. Consequently, there’s an influx of all types and sizes of companies preferring RAK for company formation. The RAK free zone company formation offers cost-effective, trouble-free, and customer-friendly environment that attracts foreign nationals to set up their business.
Business setup in Ras Al Khaimah offshore offers privacy and confidentiality of all your information, the low company set up price is quite rational as compared to the strategic location, import duties are exempted and 100% capital and profit repatriation without tax deduction.
RAK Mainland Company
A mainland company in RAK must have a local sponsor who will own the majority of shares in the company. Moreover, RAK allows rent offices anywhere, you may conduct business with local market, and there are no currency restrictions. No such requirement of annual auditing and no limit on the amount of business activities. Hence, provides peaceful company formation and continuation.
RAK offers several key benefits whichever option you choose for a company set up:
- An advantageous geographical location with easy access to the regional and global markets.
- Contemporary container port and marina docks.
- Rapidly developing international tourism industry
- Vast range of office, warehousing, transport, material & supplies and storage facilities.
- Low rates for renting a space and energy supply.
Visit www.inzone.ae/product/rak-offshore/ for more details.