RAKICC companies are a popular choice for entrepreneurs looking to set up a business in Dubai or the UAE. While most mainland businesses require a minimum capital to run, the setup cost of a RAKICC company is significantly lower. Furthermore, RAKICC companies are exempt from office space and other costs. Also, if you’re setting up a business in the UAE, you can avoid double taxation by establishing a company in the UAE. Moreover, RAKICC companies don’t need to file financial accounts or provide a letter of guarantee, which means less hassle for you.
The registration process is easy and fast:
The registration process for RAKICC companies is very fast and easy. Most importantly, the process of RAKICC company formation is compliant and regulated, making it a popular choice for both new and existing businesses. Additionally, RAKICC companies are eligible for residency visas for employees and investors. In addition, RAKICC companies don’t require a minimum share capital. And, because the registration process is simple and quick, most RAKICC companies are fully functional within a week of submitting all necessary documents.
You don’t have to pay office expenses:
As a RAKICC company, you do not have to pay office expenses in Dubai or any other country. And, because RAKICC is a member of the Double Tax Treaty network, your business is tax-free in the UAE. Moreover, you don’t have to worry about your shareholder information being made public, either. This ensures privacy. There are no legal barriers to doing business in the UAE, so you can focus on developing your business in the thriving economy of Dubai and the Gulf region.
Easy legal framework:
Another advantage of a RAKICC company is the legal framework. The jurisdiction provides a safe, compliant environment. In a RAKICC company, you can own and manage assets and operate onshore in the UAE. The laws of the UAE are accepted worldwide, making RAKICC companies an excellent choice for entrepreneurs. Aside from its advantages, RAKICC companies have a host of advantages.
Easy to transfer your business:
The RAKICC Company is a great option for transferring your business. The registration process is fast, relatively inexpensive, and provides full privacy. If you’re transferring a business from another offshore jurisdiction to the UAE, RAKICC will facilitate the transfer of your business. You will not have to worry about paying a large amount for a visa in this country because of the low cost.