Business Packages for Women Entrepreneur in the UAE

“To improve is to change, so to be perfect is to have changed often.”

One of the well-known Emirates of the UAE-Ras Al Khaimah has implemented the above quote. Recognised as the UAE's northernmost emirate, the region covers an area of 2,486 sq. km, RAK turns out to be one of the UAE's leading investment hubs offering business entrepreneurs customised solutions. RAKEZ has taken the initiative to promote women entrepreneurs’ business packages on Emirati Women's Day’s special occasion to inspire them to become potential business professionals. Being a woman, if you have a business dream, then this is the right moment for you to take the right step.

The Economic Zone of Ras Al Khaimah is on the move to make it a women-friendly destination. The free zone plans to sell two new business packages, which are dedicated exclusively to women entrepreneurs.

Women applying for the package are offered eight licence models to choose. These include industry, education, e-commerce, general trade, individuals, media, services and freelancers.

For women entrepreneurs in the UAE, business opportunities exist. Ras-Al-Khaimah is an area in the UAE Emirates that has launched a new business centre for female entrepreneurs in the UAE. In this area, women entrepreneurs can get custom made business solutions. A business package has been launched by RAK, especially for women entrepreneurs. It has been done to increase women's involvement in business projects.

RAKEZ is the economic zone of the UAE country. It is aimed at providing women business people with import-export, manufacturing, consultancy and general trade. There is a state-of-the-art infrastructure explicitly intended for female entrepreneurs. All infrastructure services, such as office space, industrial buildings, warehouses and fully fitted and serviced offices, will be provided for you. It happens to be one of the most economical business districts in the country.

A new initiative was launched in 2019, the Businesswoman Package. It is to empower and promote women to do business. The package can be chosen for one year or three years, depending on one's choice.

A Gist About RAKEZ

As a vital business investment hub in the United Arab Emirates region, the Ras-Al-Khaimah Economic Zone offers solutions to freelancers, start-ups and SMEs in more than 50 business sectors. Six new categories have been added recently to improve the economy of the Emirate. Starting a company in Ras-Al-Khaimah turns out to be a viable option for worldwide business investors. As the Dubai Expo 2020 is on its way, which is expected to draw 25 million visitors, it is expected to expand further by 2020.

Advantages

• State of the art facilities.
• Many real-estate facilities are available, ranging from office spaces to industrial buildings to warehouses and fully serviced offices.
• One of the UAE's lowest-cost free zones

The Initiative

On 28 August 2019, with the launch of the Business Women Package, a new programme was adopted by RAKEZ, which is designed specifically for women entrepreneurs to come forward and implement their business ideas. The zone provides a package wherein one can select either 1-Year or a 3-Year box to choose a 1-3 year. Individual programmes that can be used by female entrepreneurs are:

• Free use of RAKEZ workstations that are shared
• Printing business cards for free
• Priority tokens at the RAKEZ Centres will be available.
• UAE Residence Visa eligibility

Apart from the benefits mentioned above, the female entrepreneurs can opt for a special package that gives them the flexibility to choose from eight free zones licenses types which covers:

• Commercial
• Education
• E-Commerce
• General Trading
• Individual/ Professional
• Media
• Service
• Freelancer Permit

It is an exciting move for female entrepreneurs to make their business aspirations come true. Before you decide to step-in, you should be aware of the benefits tha will derive by establishing a RAK business.

Advantages of Starting a Business in RAK

Some of the benefits of starting a business in RAK covers the following services:

• No tax generated on personal or corporate revenues
• No barriers to commerce
• A custom obligation is waived
• Company-friendly atmosphere
• International ownership of 100 per cent
• 100% repatriation of invested capital and gains obtained
• Easy connectivity to other Emirates countries and neighbouring nations
• Global exposure to businesses.

One can benefit a great deal from these services and profit from your investment. However, it is essential to choose the most appropriate business entity and take out a partner or investor, if necessary, and the source of money. It is essential to apply for company registration. The company’s right name must be chosen and sent to the Free Zone Authority in the UAE.

It is also essential to apply for a business licence and to send it to the authorities as designated. The company's Memorandum of Association is to be formulated. It is necessary to obtain the required permits and approvals. Payment of all dues is necessary to acquire a trading licence.

It is a fruitful initiative to establish a company in the UAE. It offers smooth company operation and integration. The hiring of company setup consultants, however, provides a strong start. It is also value-added by skilled tax consultants.

How to Proceed Ahead?

You need to go through the following steps to start a business in RAK:

• Selecting a business company based on the number of investors and the available share capital
• Submit and correctly complete the company registration application form
• Choose a suitable name for your company.
• Send the proposed name to the Free Zone Authority at RAKK upon confirmation.
• Apply for the necessary business licence and send the documents needed
• Drafting the company's MOA and AOA
• Obtain the approvals required
• Pay the required license fee and get your trading license.

Thus, you can see that the Ras-Al-Khaimah area turns out to be a feasible one for company incorporation. You end up with several advantages at a cost-effective price by doing so. Also, due to the World Expo, company incorporations have been gradually growing. Starting a company at the earliest would help you understand the competition and quickly attract the audience.

However, it should be noted that the initial phase of business ends up dealing with various legal proceedings. It is recommended that business advisors assist you in integrating the company to ease the process. We at Commitbiz are committed to delivering the same to our valued clients. Our business experts are well-versed with the incorporation process and can provide tailored-solutions accordingly. Contact us today to know more-we’d be glad to assist.