Co-Partner RAKIA

Ras Al Khaimah Investment Authority (RAKIA), an apex body of Government of Ras Al Khaimah in United Arab Emirates (UAE), is a major provider of investment opportunities and one-stop solutions in its free zones, industrial parks and offshore facilities. Since its establishment in 2005, RAKIA has become one of the pillars of the emirate's economic progress, attracting investors from all over the world through Free Zone and Non-Free Zone facilities of RAKIA's Industrial Zones and Free Zones.

RAKIA is pursuing the goal of making Ras Al Khaimah a regional hub for industrial manufacturing, trade and commerce. The GDP of RAK has grown significantly over the past few years. The growth is driven by increased focus on manufacturing, services, real estate, construction and tourism.

Some of the advantages offered by RAKIA include, 100 per cent income and corporate tax exemptions; 100 per cent capital and profit repatriation; 100 per cent ownership in free zones; no foreign exchange control; avoidance of double taxation with many countries; easy access to strategic markets such as India, North Africa, GCC etc; and absence of restrictions on hiring of expatriates. Moreover, all goods produced in Non-Free Zone facilities of RAKIA Industrial Parks enjoy a duty exemption in the Gulf Cooperation Council (GCC) countries.

Within a span of 6 years since its inception, RAKIA has been instrumental in attracting over US$3.5 billion in industrial investments alone, powering an unprecedented economic surge that has made Ras Al Khaimah as one of the fastest growing emirates in the UAE and the region.

Contact:

Alex Thomas
General Manager- Marketing
RAK Investment Authority
P.O Box 31291, RAK , United Arab Emirates
Tel: + 971 7 2068666
Mob: + 971 50 4864181
Email: info@rakinvestmentauthority.com
Website: www.rak-ia.com