RAK onshore

RAK onshore company registration is like a gilt-edged opportunity to grow your business above and beyond! Onshore company is the company registered in one of free trade zones and is an effective tool for business purposes. The huge advantage and prerogative of RAK onshore companies is that they can have a real office on the territory of the Free Zone, can operate from within the UAE and shareholders/directors and their family members may obtain UAE resident visas. Besides, they can have a status of a tax resident, since these questions is acute nowadays.

Within incorporation of company in the form of “RAK onshore company”, you can are required to make a choice of a license from the available couple of types of permitted licenses. Each onshore company must have a license which allows it to perform some certain pre-defined business activity within the license framework.

Whereby the business / company licenses are required for RAK onshore companies, RAK offshore companies, in its tern, do NOT require any of such business licenses.

The RAK Free Trade Zone's philosophy centres on attracting and maximising the growth of value-added, know-how based, technologically advanced, innovative businesses.

The costs / fees of incorporation of the RAK Free Trade Zone company depend on:

• Company activity and the respective type of the company license (When incorporating RAK onshore company, you can opt out for several types of licenses which will allow you to conduct a certain kind of business activity);
• Required facilities – serviced desk, real office, land, warehouses, etc.;
• Required number of visas (for directors/ shareholders, subsequent applications for the family members and employees if you decide to do so).

In order to perform business in Ras al Khaimah free trade zone current laws have a number of compulsory requirements. The main requirement is obtaining of a business license, types of which we examine in this article.

Free Trade Zone in Ras Al Khaimah is one of many special zones in the United Arab Emirates, offering special conditions and benefits for business. This jurisdiction was founded in early 2000 in the aforesaid Emirate.

So, here we consider the topic of how to think of a startup idea for a quick and competent startup of a business project in UAE or some other country and consider why it is so important to detail your business idea. Often, beginning entrepreneurs do not know how to think of startup ideas properly, and believe that one can formulate a business idea in two simple words (for example, "I’ll open a grocery store," "I’ll develop sites," or something like that). But keep in mind that it is very important to know how to think of new business ideas and to calculate the financing and implementation of the idea and achieve profitability, it is necessary to consider this issue in detail.