Jurisdiction

Setting up your business in UAE, RAK
Most relevant features

The best advantages the UAE, RAK can offer you

An excellent Middle East option for international trade.

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No currency restrictions

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100% repatriation of capital and profits

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Exclusion from import and export duties

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Setting up your business in UAE, RAK – Free Zone

The UAE has been a destination of choice for starting or growing businesses for decades now. Most investors find its economic stability, steady growth, larger markets, investor-friendly processes and a tax-free regime too attractive to pass up.

To do business in the UAE you can choose to either register your company in one of the 45 Free Zones. All free zones have a couple of similar characteristics. Free zones offer the most fertile ground for setting up businesses, equipped with state-of-the-art infrastructure, duty and tax exemptions, world-class business amenities, flexible government policies, and unmatched facilities.

The benefits of setting up your business in Ras Al Khaimah (RAK) – UAE Free Zone

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No currency restrictions.

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Flexibility to drive the company from any part of UAE.

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A wide range of license types and business activities permitted.

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Lucrative Mainland Dubai market open to doing business within Dubai and globally.

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100% tax exemption on personal or corporate income or gains.

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100% ownership for investors regardless of their nationality and domicile.

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100% repatriation of capital and profits.

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Exclusion from all import and export duties.

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Exemption from corporate tax for 15 years, with an additional renewal option for 15 years.

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No capital deposit required.

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No personal income tax.

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A stable local authority, simple processes, easy hassle-free legal procedures for licensing and registration.

Such FTZ are created by the government for the implementation of the extensive or only a certain type of business activity. This can be, for example, production activities, trading activities, sales and purchases of jewelry or carrying on business in the sphere of high technologies, etc. Almost every free trade zone provides the option of setting up a company, which can carry out export or import trade operations.

Restrictions affect companies related to the provision of the services directly in the territory of the UAE – tourism, transport and etc. You need to register a local company in order to carry out this kind of activity in UAE.

It should be understood that each company, for carrying out its activities, must obtain the appropriate license.

Offshore Company

Registration of the offshore companies is also applicable on the territory of some administrative units of the United Arab Emirates. For such companies there are restrictions in terms of carrying on business within the country. However, they are allowed to act as the holders of the local companies and to purchase real estate within the country, and also to carry on almost any business outside the UAE. These companies are also characterized favorably by the price of registration and renewal and by the absence of requirement on financial the reporting.

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