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Ras Al Khaimah Investment Authority

Ras Al Khaimah Investment Authority (RAKIA) has been established in 2005 to strengthen the investment environment in the emirate and promote various economic sectors leading to a comprehensive development of the region. RAKIA has the vision to build a diverse economy through a strong and sustainable development, by attracting both domestic and international investments, leading to wealth creation and improved standard of living. To achieve this RAKIA strives to make the investment experience simple, easy and a pleasant experience.

RAKIA is focusing on developing and managing the industrial parks in Al Hamra and Al Ghail areas. Beyond just developing the real estate RAKIA goes an extra mile by providing investment advisory services as well as equity participation in selected projects, resulting in trusted environment and network of opportunities. RAKIA is also setting up a free industrial zone in Georgia.

RAKIA has focus on eight strategic business units. They are Industrial parks, Education & Technology, Real Estate, Transportation, Investments, Manufacturing & Energy, RAK Offshore and RERA.

RAKIA Industrial Parks have been established in 2005 with both fee and non free zones and presently house more than 2400 businesses from 96 countries. 24% are consulting firms, 25% are commercial, 23% are industrial, 18% are trading and 10% are media companies. These are the five types of license issues by RAKIA. The investors can form two types of companies; establishment and Limited Liability Company.

RAKIA offers both free zone and non free zone operations. The difference is that for non free zone companies 51% local partner is required and they can do business within UAE. The local labor laws will be applicable.

Advantages:

RAKIA offers personal attention and has a simple and easy single window processing for licensing as well as visa formalities. RAKIA offers land for industrial activities, Warehouses and light Industrial units, Business towers / office space, commercial centre, workers accommodation and executive residences.

RAKIA offers many financial incentives to the investors which include 100% corporate and income tax exemption, 100% capital and profit repatriation, 100% foreign ownership, currency flexibility, no foreign exchange control, avoidance of double taxation with many countries and no labor restrictions.

RAKIA has signed a memorandum of cooperation with banks in the emirate which will ensure that the investors are provided with easy financing.

RAKIA offers good infrastructure ad logistical support, easy access to huge market, excellent port facilities, minimum bureaucracy and  a very investor friendly environment.

RAKIA ha forged strategic partnerships with many international companies which has resulted in a diverse product portfolio including DVD manufacturing, cement, automotives assembly, rubber, building materials, table ware, float glass, steel, electrical equipment, plastics and food materials.

RAKIA has recently commissioned two power plants of 65MW and 45 MW capacities, ensuring easy and abundant availability of power.

RAKIA also offers a wide range of corporate and business advisory services, which ensure that the businesses thrive and grow profitably.

The infrastructure is of excellent quality and very cost effective, leading to improved business viability for the investors.

After technical and commercial approval of the clients’ projects, the license and the infrastructure lease agreement are issues to the clients. The infrastructure includes industrial land, office space, warehouses, executive residence, studio flats and labor accommodation.  

With an innovative and comprehensive approach RAKIA is leading a comprehensive development and growth strategy in the emirate.

Ras Al Khaimah Free Trade Zone

Ras Al Khaimah Free Trade Zone ( RAK FTZ) offers one of the most cost effective business destinations among the free trade zones. Established in the year 2000, it has grown very fast t become the home of more than 4500 active businesses from100 countries.

RAK FTZ has a mission to attract value adding and know-how based innovative investments to promote the local businesses. With a vision to become a global brand as a premium investment destination, RAK FTZ is on a strong growth path.

Driven by the values like social responsibility, Innovation, evolution, customer focus and employee development, RAK FTZ runs their business operations in an efficient and effective manner. Located just 45 min from Dubai and with in proximity to other free trade zones, RAK FTZ has been able to carve a niche for itself through simplified and customer friendly approach and processes.

RAK FRZ has established trade promotion offices in Dubai and Abu Dhabi to facilitate growth and improved customer relations. A basic set f rules and regulations are developed to provide fair and equal treatment to all the investors, employees and businesses operating at RAK FTZ.

These rules cover the general areas like licensing, leasing, permitted operations and activities, park regulations, labor practices, security and disciplinary actions.

RAK FTZ has received many awards and accolades for its excellent services being rendered It is also certified for ISO 9000 and ISO 14000 as well.

Advantages:

RAK FTZ offers standard offices package for small start ups. This comes along with the license for business as well as dedicated office space, phone number and advanced IT infrastructure. Services of a modern business centre are also accessible.

A Flexi Desk package is also available as a low cost option to enter the market and is an ideal way to test new market. This can be later upgraded to an executive office suite. But this package does not permit a residence visa.

Executive office suites are ideal solutions for companies requiring a permanent presence in UAE. They are available in flexible sizes and eligible for four resident visas as well.
Ware houses of sizes 150 to 416 square meters are available for storage as well as light assembly and manufacturing activities. These are located in the industrial park near Al Saqr sea port and Technology Park close to the Ras Al Khaimah airport.

RAK FTZ also offers an innovative product where international companies can register using the International Registry Service. This service is particularly suitable for companies looking to minimize tax liability, creating a company with a nominal equity investment, seeking asset protection or to establish an exchange control trading vehicle.
This is available through registered offshore agents. These can have single director and do not need AGM and other such formalities.

Different plots are available for development and establishment of industries. These plots are available from 5000 square meters and come with amenities like onsite staff accommodation, easy access to manpower and 24X7 accesses.

Another unique feature is the Academic zone where the educational institutions like colleges and universities can establish themselves and offer their services to the local market. These can be universities, colleges, academic infrastructure providers, training centers and distance education centers.

RAK FTZ offers a one stop solution for starting a business in UAE and has a plethora of required services readily accessible to the investors. These include business licensing, visa sponsorship, legal services and other related services.

With a highly client centric approach and innovative product options, RAK FTZ is growing from strength to strength.

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