Rak Investment
[SinglePic not found]Rak investment authority (RAKIA) is an investment arm of the Ras al khaimah government, UAE with a mandate to promote and oversee the economic development of the emirate.
In the process, it transformed RAK into an investment destination with over a thousand foreign investors setting up operations within the emirate in just a short period of time.
Ras al Khaimah Investment Authority was established under the chairmanship of H.H.Sheikh Saud bin Saqr Al Qasimi, the crown prince and Deputy Ruler of Ras al khaimah.
Within 3 years of its inception RAK investment has more than 1600 companies under its portfolio Dr. Khater Massad, personal advisor of H.H Sheikh Saud Bin Saqr Al Qasimi was appointed as the chief executive officer of RAKIA.
This Semi-governmental agency whose mandate is to work towards reinforcing the investment climate in the emirate of Ras Al Khaimah and promote its various economic sectors; proposes investment policies and supervises their implementation.
RAK investment authority has literally transformed Ras Al Khaimah into an investment magnet with over a thousand foreign investors setting up operations within the emirate in just a short period of time.
Main advantages of RAKIA are the following:
- 100% income and corporate tax exemptions
- No Import or Export Taxes
- No Income, Sales or Wealth Tax
- 100% Repatriation of Capital & Profits
- No restrictions on hiring expatriates
- Land at very Concessional Rates
- 25 Years Renewable Lease Agreements
- Proximity to Entire Gulf and Global Markets
Rak investment authority acts as one stop shop for all investor needs. Its services include offering business licenses (Free and Non-free zones), visas, industrial plots, warehouses, labour accommodation, commercial space, building permits etc.
[SinglePic not found]Rak investment authority provides all necessary infrastructure and approvals under one umbrella for all investors including partnering them for their projects in UAE.
Rak government’s vision is that Rak investment authority becomes leading authority in making sound investments in Rak and partner with others who share their vision, enabling them to achieve their objectives, at the same time creating a sustainable and growing economy.
With RAKIA’s success in attracting companies and inward investment to the emirate, plenty of opportunities for corporate services are on the horizon.
RAKIA has formed RAKOFFSHORE which is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services.
The International Offshore Centre (known as “RAK Offshore“) is a free zone regulated by the RAK Investment Authority (RAKIA).
Incorporating as an IBC in RAK can be done much speedier than in the other UAE free zones and lacks the requirements that are typical in these free zones.
Rak offshore is the cheapest offshore in the Middle East. If properly structured, offshore company formation is an excellent, tax-efficient strategy for entrepreneurs to conduct their international business.
Rak offshore allows any non-resident individual or moral entity to open a company registered within RAK free zone. They require a symbolic capital and only one director and shareholder.
They can hold board meetings anywhere in the planet and identity of their shareholders are kept confidential by law unless there is any suspicion of any criminal activity by Rak and uae regulatory bodies.
RAK Investment Authority provides business investments services in manufacturing, education, health, information technology, media, real estate, tourism, and financial services sectors. It also offers offshore non-resident business registration and financial services.
[SinglePic not found]The company also involves in developing projects, such as hotel complexes, multiple residential dwelling and touristic attractions, and a residential complex.
It also engages in ceramic tile manufacturing. The company serves the Middle East, Africa, the Indian Subcontinent, and the CIS countries.
Rakia’s ongoing success in establishing reforms, instituting new laws and regulations and enforcing policies that are hospitable to local, regional or international investors.
Ultimately, the government proactive support and involvement in the ongoing economic revolution is aimed at raising standard of living of both citizens and residents of the emirates, while ensuring long-term socio economic sustainability.
We incorporate offshore companies in Ras al khaimah. We provide Ras al khaimah offshore companies incorporation in safe, confidential and stable jurisdictions according to the needs of our client.
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