Ras Al Khaimah has seen an influx of foreign investors due to its status as one of the most developed economies in the United Arab Emirates. Liberal government policies, state-of-the-art infrastructure development, a thriving economy, and friendly trade relations with neighboring countries are all factors that attract significant foreign investment in RAK.
Another reason to consider establishing a business in RAK is that having a physical presence in the Emirate fosters trust among the locals, aids in the formation of long-term customer relationships, and facilitates the acquisition of trade contacts in the UAE.
Companies establishing themselves in Ras Al Khaimah benefit from the following incentives and benefits:
No tax on personal or corporate income
No foreign exchange controls, quotas or trade barriers
No customs duty on import, exports, or services
Hassle-free and business-friendly legal framework and company laws that ensure the security of investment
Government-sponsored incentives for investors
100% ownership
100% tax exemption on all commercial levies for import and export
100% return of capital and profits
Business-friendly environment and easy process to set up a company
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