Ras Al Khaimah: RAK International Corporate Centre (RAK ICC), a world-class corporate registry and Saud bin Saqr Establishment for Small and Medium Enterprises (RAK SME) signed a memorandum of understanding (MoU) to provide opportunities for entrepreneurs and SMEs to create a solid and viable corporate structure for their businesses.
The MOU aims to promote RAK ICC and its services to SMEs by providing them with guidance on the advantages of structuring investments through RAK ICC companies and offering a fast, easy and a cost-effective registration process with minimal requirements.
His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK ICC said: “Our collaboration with RAK SME is another example to showcase the strong bonds between governmental entities in Ras Al Khaimah. We share a common goal which is increasing business opportunities for investors and businesses in the Emirate and we will continue to widen our circle for the sake of promoting the ease of doing business in the Emirate.”
“We are very pleased with this collaboration as we have seen a rising demand for legal vehicles allowing entrepreneurs, both Emiratis and expats to structure their investments through RAK ICC entities,’’ said Dr Sameer Al Ansari, Chief Executive Officer of RAK ICC. He also added, “RAK ICC offers many solutions for both international business and private wealth and can provide various structures for SMEs that allow them to obtain financing, raising capital and securitization options in a cost-effective way.’’
Yousef Mohammed Ismail, President of the High Commission of RAK SME, stated: “This MOU helps us achieve the vision and strategy of our leadership by supporting UAE youth’s projects to contribute to the development of the national economy and aiming to develop a corporate platform for the SMEs, benefiting from the various corporate and legal features available at RAK ICC.”
A world-class global registry, along with an automated and simplified registry services benefiting from common law regulation with independent judicial system, RAK ICC’s collaboration with RAK SME will raise the level of competitiveness of the Emirate and provide the ideal corporate solution for investors.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
