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Economy of Ras Al Khaimah


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investments. The combination of security and confidentiality is ensured to entrepreneurs. An international company may only have foreign customers and is not liable for paying local taxes. It can open a local bank account, make investments tax-free, and obtain mortgages for investing in UAE assets. Employment visas are available. When approved, this type of company can own property in UAE free-trade zones.

No income, sales, or wealth taxes are payable by individuals. No corporate taxes are charged. In addition, there are no exchange controls, no withholding nor import or export taxes
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