5 TOP REASONS FOR SETTING UP BUSINESS IN RAK FREE

ZONE IN DUBAI

The middle-Eastern countries and more particularly the United Arab

Emirates (UAE) is in the limelight for many good reasons. Dubai which is

part of the UAE and the host country of RAK Free Zone has carved out for

itself a niche name for proactively encouraging enterprises to set up shop

here. No doubt there is a clamour for Dubai. Among the attraction for

business is the RAK Free Zone. Setting up business in RAK Free Zone is

easy and you are certain to get more than what you could possibly bargain

for.

 

Though there is no dearth for free zones across the length and breadth of

the world, but when it comes to freebies and advantages, RAK Free Zone

scores high as a potential destination. To say in brief, in RAK you can have

your cake and eat it too and that is because it abounds in advantages not

elsewhere available.

Setting up business in RAK Free Zone has so many advantages. Here

are some I am able to count.

1. You have multiple options – Register an offshore company or a regular

company for manufacture or trading.The advantage is your source of funds

is not questioned and neither is there any restriction on repatriating your

capital or profits. RAK offshore companies are reputed to provide

anonymity in a risk-free environment.

2. You get 100% ownership of your company–Unlike in many free zone

companies are the world, RAK Free Zone allows foreign nationals 100%

ownership of their enterprises. Unlike doing business in an inland

enterprises, you are not obliged to co-opt a local sponsor.

3. Liberal rules and regulations in favour of enterprises – RAK Free Zone

has the reputation for being the least restrictive. For all practical purposes,

the Government of Dubai will not interfere in your company’s day to day

activities, save for some statutory regulations. There is generally no

restriction on the kind of business to run.

4. Extensive access to real estate resources – RAK Free Zone is a vast

area and you can choose one or more facilities such as: Business Park,

Technology Park, Academic Zone or Industrial Park. There is nothing left

out. There are ready-built warehouses, industrial land of various sizes, and

access to technology, funding and banking services. It is a self-contained

area.

5. Strategic location of RAK Free Zone – Is one of the major reasons that

make it ideal location for setting up business in RAK Free Zone. RAK is

strategic because it is able to connect the west world with the east. It is

ideally suited for transhipment of goods.

For setting up business in RAK Free Zone, you will need to hire a

registered agent. A registered agent is able to ensure speedy

registration and get your up and running.