Ensure the Growth of Your Business by Setting Up a Company in RAK Free Trade Zone

An entrepreneur can only expect to be successful if he/she is able to find the opportunities for growth of his/her business. One of the most lucrative business opportunities exist in the United Arab Emirates in the form of the Ras al Khaimah Free Trade Zone. In the following article we would be discussing about the Zone, the advantage that it offers and how to open a business venture in the Free Trade Zone.

Introducing the Ras al Khaimah Free Trade Zone
Ras al Khaimah, or RAK as it is more commonly known is one of the seven constituting emirates of the United Arab Emirates. The others being Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. RAK is always regarded as one of the most ideal locations in the world to do business. Thousands of entrepreneurs from around the world have opened RAK offshore companies which help to make their business more successful. To attract more investments from across the globe, the authorities in Ras al Khaimah have given birth to the concept of the Ras al Khaimah Free Trade Zone. Established in 2000, by an emiri decree, the RAK Free Trade Zone is a Special Economic Zone (SEZ) which offers many benefits to entrepreneurs interested in rising to the top of success in business. Today the Trade Zone is a flourish hub for business as there are as many as 8,000 companies from in over a hundred countries.

The Advantages of Opening a business in the RAK Free Trade Zone
The authorities in Ras al Khaimah have ensured that the Free Trade Zone becomes a lucrative place to do business. They are several advantages that you can get when you open a company in the RAK Free Trade Zone. Some of the most lucrative advantages are:-

• A company in RAK FTZ is free from paying any kind of taxes. That makes your business a highly profitable business as you would get to keep a majority of your revenues as profits.
• You would be free to source your material and workers from anywhere across the world.
• 100% repatriation of profits is allowed, which means if you are a foreign investor you can take all the profits you make from you company in RAK freezone to your home country.

Taking the Help of Experts
If you want to get the full benefits from UAE company formation in the RAK Free Trade Zone then it is advisable to take the help of a professional company formation consultant. They would help you in almost every step of the process to make the entire process as hassle free as possible. They offer tailor-made services so that you can get the greatest benefits from the business policies formulated by the RAK investment authority. Some of the leading names in the industry also help you open a bank account with a respected RAK bank UAE with facilities like e-banking and credit card. So avail professional help from these trusted companies, open a RAK Free Trade Zone Company and make sure the growth of your business.