UAE developer Al Hamra offers RAK residency & business license to buyers

By Rahul Vaimal, Associate Editor
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Al Hamra Village
Representational Image

One of the largest real estate firms in the UAE, Al Hamra has associated with Ras Al Khaimah Economic Zone (RAKEZ) to offer a 12-year residency visa and a business license upon purchasing one of their listings in Al Hamra Village or Bab Al Bahr in Ras Al Khaimah. 

Apart from the 12-year UAE residency visa and a business license which allows the holder to engage in any one of the hundreds of business activities in the emirate, buyers of Al Hamra properties will also gain an additional partner visa along with a flexi-desk with modern amenities to conduct business seamlessly.

These investors will also benefit from 100 percent ownership of the business they begin with the business license included in the package along with earning 100 percent repatriation of capital and profits along with no corporate tax and zero personal tax.

Al Hamra has arranged a virtual walk-through of the picturesque residences and communities of the properties for interested investors who might want to explore what these listings have to offer while being at their own homes.

Apart from living in one of the most sought-after residential neighborhoods in the Ras Al Khaimah, buyers of the properties can high rental values and assured long-term return on investment with an average internal rate of return (IRR) at Al Hamra estimated at up to 8 percent annually.

Buyers who wish to set up a business in Ras Al Khaimah can take advantage of the low cost of resources, modern infrastructure and state-of-the-art facilities.

Benoy Kurien
Benoy Kurien
CEO – Al Hamra Group

“The UAE is among the top places to live and work in the region, in addition to being ranked as one of the world’s most-preferred tourist destinations. With its vibrant expatriate community, which makes up around 80 percent of the population, international investors feel instantly at home in the UAE. Further, the nation’s strategic geographical location, government support programs, policy reforms, and infrastructure offers attractive opportunities for entrepreneurship and business growth.

“Ras Al Khaimah, named as the Gulf Tourism Capital for 2021 at the fifth annual meeting of tourism ministers of the Gulf Cooperation Council, is now the fastest-growing tourism and investment destination in the region. The government’s institutional approach has made the Emirate an investment destination of choice for SMEs and big businesses. More than 38,000 companies from 100 countries representing over 50 industries already operate in Ras Al Khaimah. With the launch of our new package, we are offering an extraordinary opportunity for investors to buy-into Al Hamra as well as set up a company under their own business license. The new package aims to attract entrepreneurs, freelancers, consultants and seniors, anyone looking to live and work in the UAE,” the Al Hamra Group CEO added.