There are business opportunities for women entrepreneurs in the UAE. Ras-Al-Khaimah is a region in the Emirates of the UAE which has initiated a prominent business hub for the women entrepreneurs in the UAE. Women entrepreneurs will get custom made business solutions in this region. RAK has launched a business package, especially for women entrepreneurs. It has been done to boost the participation of women in business ventures.
RAKEZ is an economic zone in UAE. It aims at providing import-export, manufacturing, consulting and general trading for women business persons. There is a state-of-the-art infrastructure designed exclusively for women entrepreneurs. You will be getting all the infrastructure facilities such as office space, commercial buildings, warehouses and fully equipped and serviced offices. This happens to be one of the most economical business districts in the country.
Business Women Package was launched in 2019 as a new initiative. This is to encourage and empower women to do business. The package can be chosen for one year or three years depending on one’s choice.
Following is provided for women entrepreneurs:
- Printing of business cards for free
- The use of workstations will be free for women business person.
- Being eligible for UAE residence visa, one can get priority tokens here.
Women can venture into any of the following areas:
- professional venture
- service industry
- Freelancing with permit
Setting up a business in the UAE is full of positive possibilities. The free zones have proved to be powerful tools for entrepreneurs. Women intending to start their venture as an entrepreneur in the UAE should know all the benefits they will be entitled to.
Advantages of Starting a Business in RAK Free Zone
- Total foreign ownership without any hindrance
- Absolute repatriation of capital invested and the profit.
- Zero or minimal taxation on income
- There are no trade barriers.
- There are no customs duties to be paid.
- There will be ease in doing business.
- The environment is business-friendly.
- There is easy access to neighboring countries and other emirates.
One can benefit a lot from these facilities and earn profit from your investment. However, the selection of the most suitable business entity and taking a partner or investor/s, if needed and also the source of capital is very important. Application for the Company registration needs to be made. A suitable Company name is to be selected and submitted to the Free Zone Authority in the UAE.
Application for the business license and submission to the authorities as designated is also required. Memorandum of Association of the business is to be formulated. Necessary permissions and approvals are to be sought. Payment of all dues for getting the trading license is necessary.
Starting a business in the UAE is a fruitful initiative. It provides smooth business operation and incorporation. However, the hiring of business setup consultants provides a good start. Professional tax consultants also add value.
About GCC Filings
GCC Filings is an accountancy firm in the UAE, helping clients in matters like filing of VAT returns, keeping the books of accounts and records of transactions, VAT-related matters and to represent the clients during the hearings of taxation related and VAT matters.