The Ras-Al-Khaimah Free Zone was established in the Year 2000, with an aim to provide an alternative to the international companies, business, investors, and service providers to either start or shift their businesses to a place which is not only strategically located but is also inexpensive. In the last 18 years or so, companies with international shareholding are from over a hundred countries in over 50 industries. One of the major reasons why foreign companies opted for RAK Free Zone was its close proximity to Dubai and its free zones. If you want to gain more information about the offshore company formation in Dubai, you may visit the attached link.

Establishing a company in the Ras-Al-Khaimah Free Zone is considered easy for numerous reasons. First of all, setting up a company in RAK Free Zone is a quick process especially when compared with the system put into place at various free zones in Dubai. You may hand over your identification documents and the power of attorney to the local agents who can easily get your company registered in the RAK Free Zone in a quick time.

Before you submit your company’s registration request, you must be aware of the various business license options at the RAK Free Zone. You may select from business permits like consultancy or services license, education license, industrial license, and commercial license.

The RAK Free Zone is a huge and vast space where foreign investors can set up their offshore companies in different zones like Business Park, Technology Park, Academic Zone, and Industrial Park.

Like other free zones located in the region and in the country, the RAK Free Zone also offers tax benefits to the foreign investors. These rules include (a) foreign companies can repatriate their profits and capital, (b) the government would not charge any taxes on the companies established in the RAK Free Zone. The companies set up and operating in Ras-Al-Khaimah Free Zone are not liable to pay the local authorities any corporate taxes on income or profits, no personal income taxes, no taxes at all on the capital and profit repatriation, and lots more.

The RAF Free Zone authorities also issue residence visas to the owners of the offshore companies faster than any other free zones in Dubai.

For more information on the freezone company formation in Dubai, follow the link as the more you know the better it gets.

It is well understood that modern businesses rely on a number of things. Almost every notable company having a decent budget has a Chief Financial Officer. The importance of this position is such that companies rely on CFO quite heavily. Essentially, this man is in charge of all the financial affairs of the company. He is the one who is going to take care of payments, purchases and maintaining assets. He will be the one responsible to hold back purchases to maintain finances and allow them again once the stress is removed. Even more important is the fact that the CFO is also in charge in budget and other financial planning of the company. Today, the advancements and technology have all paved the way to accommodate some breakthrough concepts. So much so that you can now hire cfo services dubai if your company never had a CFO prior. These services will not only provide your company extra bit of financial stability, they’ll also become a vital part by forwarding effective suggestions if and when needed. Keeping these in mind, it is pertinent to think that CFO has to be the most important financial adviser/ officer in the company. There is no way your business is going to do well in the absence of a CFO officer.  Suffice to say that hiring a CFO is quite important but so is to find the right service. Here is more on what to look for before hiring a CFO service near you:

Experience

The first thing you should look for before hiring a CFO financial service is to check the reputation of the service. Keep in mind that there are a number of private services operating in UAE, some of which may be better than others but might cost you more money as well. Eventually, you should look to hire a service that has a lot of experience and skills. The company should know how to put the experience to play and deal with clients. In the meantime, it should also know how to deal with company finances and when to make crucial decisions. Doing so will literally enable your company to stay in a better financial position. Once it does, you will notice the difference as money will be made available for things that you didn’t find money for in the past. It is all about better money management and the more experienced CFO service is going to do it better than most.

Read more on how hiring a CFO service is a quick and easy way to get better control over your finances.