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What are the advantages of a Emirates RAK Free Trade Zone (FTZ) company? |
• 100% income tax exemption
• 100% corporate tax exemption
• 100% capital and profit repatriation
• 100% ownership in Free Zones
• No capital gains tax
• No Value-added tax
• No Withholding tax
• Proximity to entire Gulf and global markets
•Low start-up costs
•Absolute privacy, confidentiality and protection of assets and information
•100% foreign ownership
•Ability to maintain bank accounts (Current Account) in the UAE
•Limited liability company
•Minimum one director required, one shareholder and one secretary ( it can be the same person )
•Own real properties in the UAE
•Annual Audit Report not required to be submitted to the Authority
•Time frame of 24 h
•It does not require the shareholder/director to be physically present in the UAE for incorporation
•No restriction on nationalities
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