Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Charting a rapid growth path by establishing your company in RAK

By Smith Dcosta Subscribe to RSS | February 20th 2012 | Views:

The popularity of specially set up entities or ‘zones’ as they are called, among the business clientele, continues to make significant progress. Considered to be beacons of growth, these trade zones are occupied by firms that are looking for a quick growth curve. Some of the instances where such ‘zones’ are particularly facilitative are when one is setting up a business from scratch, looking to acquire financial and realty based assets in another country, or setting up a special purpose vehicle (sometimes called a holding company). Such offshore centers are also quite potent in their ability to streamline the tax flows of a firm and in the registration of ocean going vessels.

Six years ago, such centers had reached a staggering 3000 zones, located across 120 countries and generating revenues, in excess of US$ 600 Billion. A far cry from the humble beginnings three decades ago; when they were raking in just a tenth of the revenues from 80 zones in 20 countries. Some of the major free zones in the UAE have been known to make significant contributors to this staggering success. Around the same time, the RAK Investment Authority (RAKIA) decided to capitalize on this exponential growth with the debut of their exclusive offshore business facilities conceptualized as ‘International Business Company’ or IBC’s.

Establishing your company in RAK opens up new avenues together with some exclusive benefits that one would be hard-pressed to find, elsewhere in the world:

• The ownership of the company being set-up can be solely in the hands of an expat, UAE nationals are not required to be sponsors or shareholders of the said firm

• Freedom from taxation together with full remittance of revenue without local commitments or forex limitations means that tax commitments or financial liabilities cease to exist. This allows firms to work towards achieving operational efficiencies with the sole intention of maximizing profits

• The entry costs too have been kept at minimal possible levels. Employment and peripheral expenses are tightly controlled to facilitate setup costs that are most competitive, especially in comparison with other economic zones in the region

• Holding companies too can be set up with ease, to facilitate rapid acquisition and expansion plans, provided that they are governed by the laws of the country in which the firm is registered

With over 50 registered agents and 2500 IBC’s, the RAK Free Zones Company offers the perfect platform for a company looking to chart a rapid and sustainable growth plan. For further information on the requirements for setting up a company with RAKIA, visit:

Smith Dcosta - About Author:
With over 50 registered agents and 2500 IBC’s, the RAK Free Zones Company offers the perfect platform for a company looking to chart a rapid and sustainable growth plan. For further information on the requirements for setting up a company with RAKIA, visit:

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Management Articles Subscribe to RSS

An overview of the on-rent conference facilities
Published by Alberta Reid on December 15th 2011 | Business
Conference facilities are rooms that are used to hold a singular event which is usually a business m...
Easy steps for Trademark registration in Saudi Arabia
Published by JCA Trademark on December 15th 2011 | Business
JCG trademark providesTrademark Registration in Morocco. Now, register your business today and becom...
Should you ask for ticket holder names on your online registration forms?
Published by Jim Romanik on December 23rd 2011 | Business
If your goal is to sell as many tickets as possible and you want people to buy multiple tickets at a...
Online company registration
Published by Amber Dorsch on February 27th 2012 | Management
There are many benefits of these online company formation and company registration. But the main con...
Advantages to taking motorhome hire Manchester on rent
Published by Roney on January 28th 2012 | Business
The United Kingdom from your home country, macha in Cheshire is the perfect solution by Cheshire ser...
Jordans Limited can facilitate all your business registration requirements
Published by Julia Roger on December 6th 2011 | Business
Jordans Business registration couldn’t be simpler. All of the company formations that we manage ar...
Company registration and formation services
Published by Amber Dorsch on February 24th 2012 | Business
Every country has their own set of rules and regulation for the formation of the company and also fo...
What are the Legal Requirements of Singapore company registration?
Published by Andrews Thomas on January 25th 2012 | Business
There are some easy requirements that the business owners should meet for Singapore company registra...
Vancouver holiday apartments for rent: Suitable Accommodation for Your Vancouver Vacations
Published by Ahsan Abrar on January 17th 2012 | Business
Vancouver these days is amongst the most visited cities of the world, as people from all over the wo...
Different Marquees, whether to buy them or rent them
Published by Milla Howse on January 25th 2012 | Business
Marquee can be taken on rent if you don’t know when you will organize the next party but in case y...
How to choose an area when searching for property to rent in Edinburgh
Published by Ann Clark on April 19th 2012 | Business
This article is concerned with pointing out all the relevant factors that you must take into conside...
Office space for rent Calgary
Published by Avani 61 on July 21st 2012 | Business
Whether or not you might be interested in beginning your own personal business or merely acquiring b...
Copyright registration: permits you to search for legal compensation in court
Published by Copyrightuk on December 9th 2011 | Business
Copyright registration allows defense to all classes of copyrightable work like artwork, journalism,...
About the registration of companies in Beijing
Published by Barker Hicks on April 28th 2012 | Business
Beijing Company registration is not an easy task especially for potential foreign investors. As a fo...
Benefits of hiring the services of agencies for getting property to rent and other things to be look into
Published by Cathrine Mckay on June 6th 2012 | Business
Taking the property to rent by hiring the services of agencies is although expensive for you yet it ...
Need of a number plate & benefits of registration
Published by Robert Muraine on July 9th 2012 | Business

There are variety of number plates that organizations have developed on the market in many group...
Some legal advices for tenants of property to rent in Scotland
Published by Cathrine Mckay on June 6th 2012 | Business
There is always a tenancy agreement between a tenant and landlord. The tenant is always safeguarded ...