From the time when the UAE got independence in 1971, this
city has been driven single-mindedly on the way to fast-tracked growth and expansion.
After its formation, economy has full-fledged more than 230 times. Though, where
this city actually stands amongst its associates in GCC, is because of comprehensive
diversification policies that is being shoot up into economy during these
decades.
Offshore Company Establishment:
One more intermittent and noteworthy facility that Ras
al-Khaimah offers to its investors, is the opportunity for offshore company
incorporation. Prudent investors can set up offshore companies in RAK to work
as flexible financial instruments that can be employed for tax planning and
handling trusts and global transactions.
Diversification: The
Commencement
UAE was an economy entirely dependent on oil. However,
it is now intensifying confidently to globalization and free enterprise. The
UAE has unlocked its entries for trades throughout the world seeking to work
inside out of country. RAK or Ras al-Khaimah, along with its trouble-free
registration and certifying measures and services, has appeared as the ultimate
location to form workplaces in the United Arab Emirates.
Ras Al Khaimah
Free Trade Zone:
The most successful free trade zones in UAE, has been chosen
as the Best Evolving Free Zone consecutively in last three years. RAK FTZ is only
45 minutes away from Dubai International Airport. RAK FTZ provides high-tech
facilities like spacious warehouses, lodging facilities, office spaces, also
flexi-desks at small start-up expenses. The company formation processes are professionally
organized, cutting through needless red tape or governmental barriers. Nowadays,
Ras Al Khaimah Free Trade Zone is home to just about 7,500 companies.
RAK – Strong point:
Ras Al Khaimah permits 100% overseas ownership of those
companies, in an environment that is free from tax, with total return of investments
and returns. The district has a deep-rooted communiqué and investment set-up
and are able to contact with a massive amount of extremely trained and proficient
professionals. A Ras Al Khaimah offshore company could be merged and kept with
very low expenses. RAK offers complete confidentiality, privacy and safety of possessions
and info. English is principal language in county and is the mode of
communication as well as business transactions. Ras Al Khaimah keeps all-inclusive
Double Taxation Agreement with approx. 40 countries all over the World.
With these amazing advantages, it is easy to witness
why Ras Al Khaimah is the finest place to organize a business in United Arab Emirates.
Formed on the basis of a rapidly rising and expanding economy, Ras Al Khaimah’s
friendly policies to worldwide investors and emerging businesses will form the development
of the United Arab Emirates in the new era.
About Author:
Yuliia is a business consultant and
writer at UAE Consultants who facilitates clients with RAK free zone business setup & consultancy services. With over 5 years of experience in
consulting for different free zones of UAE Yuliia has a good grip on business
setup procedures all over the UAE.
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