Ras Al Khaimah - A Dubai Media Free Zone
Setting up a business in Ras Al Khaimah - A Dubai Media Free Zone
The Ras Al Khaimah media free zone enjoys the status of one of the most exciting and interesting real estate developments in the UAE. The free zone covers a large area of land including the Ras Al Khaimah International Airport, business complexes, commercial and residential zones and even a luxury resort. In this regard, Ras Al Khaimah has proven to be a significant success story not just in the United Arab Emirates but across the region. Moreover, the Ras Al Khaimah free zone has emerged as one of the major tourist attractions in Dubai. The reason for its success is its seamless transition from commercial and industrial to residential and leisure purposes.
The real estate benefits of Ras Al Khaimah are endless. Not only does it offer a picturesque location to live, work and play, but residents get to enjoy a lot of other facilities as well such as education, sports, healthcare, shopping and so on. Residents get to work in a fast-growing business sector that promises high employment prospects and good salaries. Moreover, there is no legal requirement for foreigners to obtain a visa prior to establishing a business in Ras Al Khaimah. As a result, business transactions between local and foreign businessmen have become more open, which further increased the opportunities for both the parties.
Business activities in Ras Al Khaimah free zone have become popular because of the government’s efforts to attract foreign investors and residents. The Ras Al Khaimah International Airport has made it easier for international passengers to enter the United Arab Emirates from across the world. As a result, more people have considered Ras Al Khaimah as their future home. Furthermore, more companies have started setting up operations in Ras Al Khaimah, in the hope of tapping the huge tourism potential in the area. In fact, a lot of travelers from different countries have chosen this city as their favorite destination in the United Arab Emirates.
As a result, the number of foreign business owners entering Ras Al Khaimah has dramatically increased in recent years. However, not all the foreign entrepreneurs have the same intentions. Some of them are actually just ordinary citizens who are interested in making investments in Ras Al Khaimah and the United Arab Emirates. On the other hand, there are also a few businessmen who have ulterior motives – they want to take advantage of the free zone as they could skip the required procedure to acquire a visa. For their own safety and protection, the residents of Ras Al Khaimah must make sure that they know how to deal with these unscrupulous businessmen.
Since the entrepreneurs coming to Ras Al Khaimah do not need a visa, they do not require a license to start their business. Nevertheless, the lack of a license does not necessarily mean that the entrepreneur cannot operate legally. It just means that the operation of the business will require them to abide by certain rules and regulations set by the government in Ras Al Khaimah. The residents of the free zone are obliged to work within the confines of the law. The ruler of Ras Al Khaimah can impose some minor penalties on those who break the law, but the law is fairly harsh and punishment is not very severe.
If you are an aspiring entrepreneur and if you are planning to enter the free zone, you are advised to get a business visa first. This is a legal requirement and it is also required for those planning to start a business in Ras Al Khaimah. After obtaining the business visa, you can then proceed to apply for a business registration.
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