Why Should You Consider RAK Free Zone Company Setup In UAE?

United Arab Emirates (UAE) has established itself as a global business hub, attracting entrepreneurs and investors from all corners of the world. Among the various free zones in the UAE, the Ras Al Khaimah Free Trade Zone (RAK FTZ) stands out as a prime destination for setting up a company. RAK FTZ offers a host of benefits and advantages that make it an attractive option for businesses looking to expand their operations or establish a new venture in the Middle East. In this article, we will explore the key advantages of RAK free zone company setup and why it is a top choice for unlocking business opportunities.

Strategic location and connectivity:

Situated in the emirate of Ras Al Khaimah, RAK FTZ enjoys a strategic location, providing easy access to markets in the Middle East, North Africa, Europe, and Asia. The free zone’s proximity to major seaports, airports, and highways facilitates seamless import and export activities, reducing logistics costs and transit times significantly. For companies engaged in international trade, this strategic location can be a game-changer, allowing them to reach global markets efficiently.

100% foreign ownership and repatriation of profits:

One of the most significant advantages of setting up a company in RAK FTZ is that it allows 100% foreign ownership. Unlike in many other regions, where local sponsors are required, RAK FTZ permits foreign investors to have full control over their businesses. Additionally, there are no restrictions on the repatriation of profits, meaning that business owners can transfer their earnings back to their home countries without any hassles.

Tax benefits and incentives:

Another appealing aspect of RAK FTZ is the attractive tax environment it offers. Companies established within the free zone are exempt from corporate and income taxes for up to 50 years, providing a competitive edge in the global market. Moreover, there are no customs duties on imports and exports within the free zone, making it an ideal location for manufacturing and trading activities.

Wide range of business activities:

RAK FTZ caters to a diverse range of industries and business activities, making it a versatile choice for entrepreneurs from different sectors. Whether you are in manufacturing, trading, consulting, or services, the free zone provides the necessary infrastructure and support to accommodate your specific business needs. This diversity fosters collaboration and networking opportunities with a wide array of companies, potentially leading to valuable partnerships.