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Reasons you Should Start a Business in RAKEZ- A UAE Economic Zone
February 16, 2023
February 16, 2023

10+ Reasons you Should Start a Business in RAKEZ- A UAE Economic Zone

Author By Ajmera Law Group Categories UAE business visa

United Arab Emirates (UAE), the land famous for oil, sand, dates, and many more things, can now be the land for your business. The UAE is geographically divided into Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ras Al Khaimah, and Umm Al Quwain.

While Dubai is popular among international visitors, Ras Al Khaimah is becoming popular among people willing to start their ventures in Dubai. It is one of the UAE government’s models to attract business to their country.

This blog contains essential information for those willing to apply for a UAE business visa. Keep reading!

UAE Business Models for Foreigners 

Mainland model

This model allows internationals to start a business with locals, wherein the Emirati holds 51% of the company. However, in some sectors, foreigners can own 100% of the business.

Free economic zone model

The government has established free economic zones where businesses are run globally and are not limited to working with local people. Here, foreigners have the right to own 100% of the company. These zones are gaining popularity with time because of their operational ease. People also prefer these zones as it does not demand any corporate or independent business tax.

One such zone is Ras Al Khaimah which allows freelancers, traders, businessmen, professionals, IT firms, manufacturers, and various other businesses to register and start their own companies. As Ras Al Khaimah Economic Zone (RAKEZ) service authority in India, we are glad to process the UAE business visa for Indian business owners willing to set up their organizations or plants in UAE.

Let’s understand more about this zone.

RAKEZ: A Treasure of Business Opportunities 

One of the most significant economic zones – RAKEZ, is home to over 15,000 multinational companies from over 100 countries and 50 industries. It immensely increases the business market by allowing trouble-free access to markets in the Middle East, Europe, North Africa, and Central and South Asia with the help of excellent logistic facilities, including international airports, seaports, and superhighways in the UAE.

Some of the reasons why you should establish a business in RAKEZ are.

  1. Easy access to the world with an average flight time of 4 and 8 hours
  2. UAE Law or DIFC court’s common law for resolving quick disputes
  3. A marketplace of over 45,000 businesses or companies
  4. Connectivity to all modes of domestic and international transport
  5. 40 minutes of travel to Sharjah and 70 minutes to Dubai airport
  6. Option of registering a free or non-free zone firm
  7. Direct flights from India to commence soon
  8. A free economic zone allows 100% international ownership
  9. Established business standards
  10. Only international manufacturing firms can own 100% of the business in the non-free economic zones
  11. No individual and corporate tax
  12. VAT (Value Added Tax) valued at 5%
  13. The cost of development stands at 10% less than the territorial average
  14. 100% rate of repatriation for profits and capital
  15. A signed DTA (Double Taxation Agreements) with 115 countries
  16. Close to a 50% reduction in operational cost

UAE Business Visa 

A business visa allows you to stay in UAE for a specific period. They are generally categorized into visit visas and residency visas. People or a group of people who wish to attend a business conference, explore business or investment possibilities and visit UAE for a business trip are eligible for a visit visa.

Entrepreneurs who wish to relocate to the UAE need a residency visa. To be eligible for this visa, the entrepreneur must have a successful experience in UAE. This visa is valid for 2,3, 5, or 10 years and the visa holder can enjoy their stay in UAE for the entire duration.

There are 5 ways you can apply for an emirate or Dubai business visa by investment. However, it is best to consult a trusted UAE business visa consultant in Ahmedabad, of course, us, to get an eligibility check and to ease the visa application process.

How Does Ajmera Law Group Come into the Picture? 

As an official service provider for Ras Al Khaimah Economic Zone (RAKEZ), we help Indian businessmen register their companies, acquire necessary licenses or permits, and finally apply for their business visas either specifically for RAKEZ or any geographical division of UAE.

So, what are you waiting for?

Contact us to learn about eligibility, document, and every UAE business visa investment opportunity that can lead you to the Emirates.

5 Ways to Obtain UAE Residency Through employment and Investment
November 16, 2022
November 16, 2022

5 Ways to Obtain UAE Residency Through Employment and Investment

Author By Ajmera Law Group Categories Dubai Golden Visa, UAE, UAE business visa, UAE golden visa

UAE is the eye of attraction in the heart of the middle east. UAE is one of the fastest-growing economic countries in the world. Another factor that makes it unique is UAE’s city development, attracting immense tourism and immigrants from other countries. However, UAE doesn’t provide citizenship to everyone who comes into their country.

Although the UAE government grants neutralization to qualified investors and talents, there are specific categories and bars for foreign investors that help them get UAE citizenship.

Like other countries, UAE is running a residency program for foreign investors called the UAE Golden Visa program. It was launched in 2021. The program allows investors and unique talents to stay, work or study in the UAE.

Apart from investors, the UAE Golden Visa program also applies to others, such as scientists, professionals, entrepreneurs, and others.

As a reputed UAE Golden Visa Consultant in India, we have outlined 5 ways for investors to help them in obtaining UAE residency.  We are also authorized service provider for one of the UAE emirates, Ras Al-Khaimah government owned and operated RAKEZ free trade zone.

1. Employment visa

This is the easiest method to get residency in Dubai. You will require an offer letter from an already existing and well-established company in UAE to get an employment visa. After assessing your profile, the Ministry of Human Resources and Emiratisation (MoHRE) will issue your work permit to the employer. However, your residence in UAE will be based on contractual employment.

The first and most important thing you will require is for the company to hire you in UAE. Also, your previous work experience should match the job offered to you.

2. Golden visa for 10 years

Investors who wish to invest in public property can apply for this category to get UAE Residency by Investment. This category requires a minimum investment of AED 10 million. Investors can choose to invest in the local investment fund, real estate or start their own business with the given threshold. Apart from this, they can make investments of AED 10 million in an already existing company or business by acquiring shares.

For investing, investors will have to undergo a verification process to prove their source of funds. The UAE regime does not allow Investment through loans or borrowing money from other financial institutions. Also, the Investment held in the country should be committed for at least three years with financial competence of up to AED10 million.

Along with the investor, their family and children can apply for residency.

3. Golden visa for 5 years

The UAE government also runs 5 years extended golden visa program for investors, entrepreneurs, or business personnel. The minimum capital requirement is AED 5 million. Under the Golden visa program for 5 years extension, the Investment of minimum threshold must be held for 3 years in the UAE. Also, the capital should not be generated from financial bits of help like loans or borrowing to get a Dubai business visa by Investment or any other location in the UAE.

4. Startup or business expansion

After observing the great potential of startups and innovative businesses, the UAE regime made amendments to create flexible requirements for entrepreneurs and businesses.

The first major requirement for the startup is it must be registered in the UAE under the SMEs (small-to-medium enterprises) category. Also, the startup should be capable of generating revenue of at least AED 1 million annually.

To run startups in the UAE, entrepreneurs must have approval from the Ministry of Economy.

5. Self-employed

Digitalization has completely changed the world, and working methods have changed with time. People can now earn their bread and butter through self-employment or freelancing. UAE also provides visas to this self-employed workforce, called Freelance Visa Dubai. Furthermore, its government also grants green visas to freelancers and high-skilled workers, a 5-year self-sponsored residence permit.

Conclusion

UAE’s economy and progress are skyrocketing. Also, having a place in the Middle East provides investors access to Asian countries. After the inception of the UAE golden visa program, many Investors from India and other countries started applying for it. The country also runs the UAE business visa investment program to attract Investment from every corner of the world.