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 RAK Free Zone company formation, follow the link as the more you know the better it gets.