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Business setup in RAK
Business Setup RAK offers exceptional advantages, including competitive setup costs, tax exemptions, and 100% foreign ownership. With its strategic location and business-friendly government policies, RAK is the ideal choice for entrepreneurs looking to thrive in the UAE. Our experienced team is dedicated to guiding you through the setup process, ensuring a smooth transition into this vibrant market. Discover how we can help you unlock your business potential in RAK today!
Essential Steps for Business Setup RAK
Key Steps for Company Formation and Business Setup RAK
Key Benefits of Business Setup RAK
RAK allows full foreign ownership of businesses, which means investors can retain complete control over their company without needing a local partner.
The regulatory framework in RAK is designed to support business activities with streamlined processes for company formation and licensing.
Businesses in RAK benefit from a tax-friendly environment, including no corporate or personal income tax, no value-added tax (VAT), and no customs duties on imports and exports.
- This is particularly advantageous for international entrepreneurs looking to establish a presence in the UAE market.
- The Ras Al Khaimah Investment Authority (RAKIA) offers various incentives to attract foreign investment, making it easier for businesses to start and grow.
- This significantly reduces the overall cost of doing business and enhances profitability.
- Its proximity to Dubai and well-developed infrastructure, including international airports and seaports, facilitate efficient logistics and trade operations.
Frequently Asked Questions about Business setup RAK
Business opening in RAK is necessary to fulfill the following requirements:
1. Choose your business activity
2. Choose the legal category
3. Registration of Trade name
4. Approval from relevant authorities
5. Business license
Some of the most common legal structures to which one can incorporate within the RAK Mainland, such as
1. Company Limited Liability (LLC)
2. Joint Venture Company
3. Public/Private Shareholding Company
4. Free Zone Company
5. International Business Company (IBC)
Yes, non-residents can open businesses in the UAE. The government of the UAE welcomes foreign investment.
A RAKFTZ company registration fee is at AED 7,000 and the annual service charge is AED 1,200.
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