Setting up an RAKICC Company – The benefits it offers

As a new business owner, you’re likely to have a lot of questions regarding setting up a RAKICC company. While you can always set up a local company in your home country, it can be beneficial to establish a foreign office with a RAK-ICC company. These companies can be formed by incorporating as an offshore company, but the process may be more difficult and expensive.

The company setup process is incredibly straightforward:

The process of setting up a RAKICC company is incredibly straightforward. There are no set-up costs and no need for office space. Furthermore, the UAE has one of the largest tax treaty networks in the world, so you won’t have to worry about double taxation and other issues relating to your foreign operations. Ultimately, setting up a RAKICC company doesn’t involve any legal work and is a fast and cost-efficient way to get your business up and running in the UAE.

It provides flexibility:

The RAK ICC system provides the flexibility to set up a company with 100% foreign ownership. This type of entity allows you to have complete control of its management. You can also have full access to common law jurisdiction courts in the UAE and use English as the official language. And the RAK-ICC company’s cost is significantly less than a conventional company. Besides, the process is quick and easy.

It is easy and cost-effective:

Creating a RAK-ICC company is easy and cost-effective. You don’t have to file any audit reports and your company can continue as a RAK-ICC after a year. The tax benefits of doing business in the UAE are great and you can even enjoy the benefits of the tax treaties. In addition, the RAK-ICC authority will waive certain requirements related to your company’s existence.

It requires low setup and operating costs:

In addition to the many benefits of establishing a RAK-ICC company, you’ll also benefit from the low setup costs and low operating costs. As a result, you’ll be able to avoid the need for office space in the UAE. You’ll also be able to take advantage of the UAE’s tax treaty network. If you’re interested in setting up a RAK-ICC company, you should look into a few factors.