ELEVATE

Smarter, More Flexible Business Setup with Elevate

What is Elevate?

Elevate is a RAK ICC Limited Company holding a commercial license. This license grants qualifying free zone status, ensuring flexibility and a competitive tax framework, provided the company meets the necessary eligibility criteria.

This premier corporate solution is ideal for businesses wishing to establish a commercial entity in the UAE with operational flexibility and access to the UAE’s favorable tax framework.

Why Choose Elevate?

Our clients can benefit from a whole string of advantages when they choose Elevate, including:

• Flexibility in Business Activities: Mix and match activities across multiple license types (up to three activities) within or outside the UAE for more dynamic operations.
• Flexible Address Options: Choose from a Corporate Service Provider (CSP) or set up a physical office in Ras Al Khaimah.
• 100% Foreign Ownership: Operate your business independently without needing a local partner.
• Seamless Banking Solutions: Eligibility for businesses to open a UAE corporate bank account.
• UAE’s Favorable Tax Framework: If eligible, companies can take advantage of the UAE’s attractive tax regime, including access to double taxation treaty benefits.

Who Benefits from Elevate?

• Entrepreneurs and international businesses seeking a tax-efficient corporate structure.
• Companies wishing to strengthen their presence in the UAE.
• Businesses requiring operational flexibility inside and outside the UAE.

Steps to Obtain Elevate

Terms and Conditions:

A RAK ICC Commercial License may enable a company to avail various UAE FTA corporate tax benefits, in accordance with the latest corporate tax laws, rules, regulations and guidelines that may be issued time to time.

RAK ICC hereby recommends consulting a reputable advisory firm to ensure compliance with the relevant regulations.