One of the United Arab Emirates' most significant economic zones, the Ras Al Khaimah Economic Zone, was established in 2000. The Middle East Free Zone is committed to its service sector, integrity, and professionalism. The infrastructure in the UAE is the most economical at this business location. Both domestically and internationally, the RAK Economic Zone is quite well-liked. Its members come from more than 7000 registered companies in more than 100 different nations. In 2011, more than 2000 businesses were registered, representing an increase from 2010.
Through the Ras Al Khaimah Economic Zone, it is simple to access both emerging and established markets in Africa, South Asia, Europe, and the Middle East. As a member of the United Arab Emirates, it offers the ideal investment climate due to its diverse economy and solid governance. To encourage new businesses and international investment, taxes, quotas, and tariffs have been eliminated in the RAK. Investors may be eligible for residency or a visa, and more than 40 double taxation agreements may be used. So, if you're considering setting up a business in the Rak Freezone or on the mainland, this blog details many benefits that you should be aware of.