Investment Destinations and the Rising Demand for Business Licenses in Ras Al Khaimah Given the gloomy investment conditions around the globe, entrepreneurs and businessmen have been hard-pressed to find a suitable location for their expansion plans. Rising taxes and ever increasing costs have managed to get all but the most robust businesses out there to break into a sweat. Add to it the constant changes in governmental policies and one gets an explosive recipe for disaster that’s waiting to happen. Thankfully, just when all appears to be lost, hope appears out of nowhere and starts to lift the spirits up. It takes the form of a visage that manages to do both, soothe as well as encourage the tired soul. Imposing mountain ranges contrast brilliantly against fertile plains that crisscross the desert right into the Gulf of Hormuz. So iconic is the hope that has sprung, even the history books find the place to make a mention. Many investors consider it to be a wise decision when they look to establish a company in UAE. And when you have a friendly government that pulls out all stops to have your business in their region, it truly becomes the icing on the cake. A good measure of a government’s investor friendly ways is to check if they offer some key advantages. Infrastructure: No business can sustain itself if it isn’t supported by quality infrastructure. Well maintained roads, clean and uninterrupted supply of power, round-the-clock support on utilities are just some of the few elements that make up a top-notch business destination. Communications: A well connected communications network often becomes the back-bone of a multi-national enterprise. The global nature of business today, demands nothing less than a fast, always-on communications network that prides itself on getting the message delivered irrespective of the time or weather. Taxation: Given the multiple pressures of modern business and trade, it is surprising to see governments around the globe killing the goose that lays the golden egg through the levying of an excessive amount of taxes. Smart investment destinations on
the other hand realize the need to be liberal on all things tax. They do away with income taxes, professional taxes and other forms of levies. Some go above and beyond by permitting the full repatriation of capital and revenues. They even go on to sign double taxation avoidance agreements with all the major nations around the world. Not surprisingly, these locations continue to draw in the investors year after year. Ras Al Khaimah is one such destination that makes a strong case for itself. Businesses have been drawn as much to its various natural advantages as they have been wooed by the highly supportive nature of the government. No wonder then to see reports coming in year after year that reflect the consistently high demand for business licenses in Ras Al Khaimah.
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