RAKIA

Rak Investment Authority (RAKIA) was constituted in the northern emirates of Ras Al Khaimah, in 2005 as per directives of His Highness Sheikh Saud bin Saqr Al Qasimi, the crown prince and deputy ruler of Ras Al Khaimah.

In the process, it transformed Ras Al Khaimah into an investment destination with over a thousand foreign investors setting up operations within the emirate in just a short period of time.

RAKIA within 3 years of its inception 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.

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.

RAKIA 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.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

RAKIA Main Advantages:

• 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

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

RAKIA acts as one stop shop for all investor needs. Its services include offering business licenses (Free Zone and Non Free Zones), visas, industrial plots, warehouses, labour accommodation, commercial space, building permits etc.

RAKIA 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 Ras al khaimah 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.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

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 Offshore, together with Ras al Khaimah is a new commercial and tourism hub through a number of road shows in Western and Eastern Europe, India and Korea among other.

RAK Investment Authority is at the forefront of the Ras al Khaimah Government’s initiatives to diversify the economy, and is responsible for promoting the development of the Industrial zone and the Free Zone in Al Hamra, and the Industrial Park in Al Ghayl.

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.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

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RAKIA

RAKIA has been set up to fulfill the vision of the Government which is to build a diverse economy that enjoys strong, sustainable growth, by attracting investments from the domestic and foreign markets that will create wealth and raise the standard of living for all the people of Ras Al Khaimah.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

RAKIA was constituted as per Emiri Decree No. (2)/ 2005 issued by H.H. Sheikh Saqr Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah.

RAKIA‘s mandate is to work towards reinforcing the investment climate in the Emirate and to promote its various economic sectors.

RAKIA’s brief is to propose investment policies, supervise their implementation, assess economic feasibility studies pertaining to investment and promote developmental projects and investment opportunities, across diverse economic sectors within RAK.

It also facilitates easy processing of application for setting up new projects.The semi-governmental body will have a legal character and would enjoy financial and managerial independence.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

RAKIA has so far attracted investors from a variety of sectors, including steel manufacturing, food processing, diaper manufacturing, energy equipment assembling etc.

The RAKIA would also facilitate easy processing of applications for setting up new projects. It has also been assigned the duty of supervising the setting up and licensing of companies wishing to establish investment projects in RAK.

The new Authority will have the brief of proposing investment policies and supervising their implementation, assessing economic feasibility studies pertaining to investment and promoting developmental projects and investment opportunities across economic sectors within RAK.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

RAK Investment Authority has been given the mandate to establish, run and operate a free zone in the emirate for foreign investors who wish to have full ownership and to avail of the tax and the duty concessions.

The free zone located adjacent to the RAKFTZ Technology Park on an area of 2.1million square meters, offers land for investors who wish to avail of free zone benefits by setting up limited liability companies with local partners.

Within just three years of its inception RAKIA has more than 16oo companies under its portfolio. It has amassed over $2.5 billion in industrial investments, powering an unprecedented economic surge that has made Ras al Khaimah one of the fastest growing emirates in the UAE and the region.

Its aggressive expansion initiatives have consolidated the emirate’s reputation as an investment haven for all sectors; in fact the licenses RAKIA has issued show a remarkable balance among key sectors.

Ras Al Khaimah Investment Authority has also made significant investments in infrastructure and knowledge to attract world-class IT and technology companies.

Under the direction of H.H. Sheikh Saud bin Saqr Al Qasimi, the Crown Prince & Deputy Ruler of Ras Al Khaimah, they are persuing the goal of making Ras Al Khaimah a regional hub for industrial manufacturing, service sector & Tourism.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

With this vision in mind, a humble beginning was made by setting up RAK Ceramics in Ras Al Khaimah. The operations of RAK Ceramics in Ras Al Khaimah is the most profitable though they have similar plants in China, India, Bangladesh, Sudan etc. the so called low cost manufacturing bases. This is due to the unique advantages one gets in operations in Ras Al Khaimah.

RAKIA has formed RAKOFFSHORE, which is a true offshore facility and regularity body offering complete offshore non-resident business registration and financial services.

Real Estate development plays a major role. It sustains the economy by creating jobs and investment opportunities, The vision led to formation of two real estate development companies, RAK Properties and Rakeen Development.

Rak offshore offers businesses and individuals a wide range of comprehensive services and structures that are dedicated to non-residents. Rak offshore also benefits from one of the most comprehensive lists of non double taxation treaties in the world, including with China, India, Italy, France and Germany.

If you are looking for an offshore location in the Middle East without too much cost or hassle. RAKIA offshore is an ideal location for international business location for international business operations and asset protection schemes.

Please fill in the form on the right side for more information about your own offshore company and offshore bank account.

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