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Why Invest in Ras Al Khaimah?
Why Ras Al Khaimah?
- No corporate/income/export tax
- Strategically located in the Arabian Gulf and forms the gateway to most of the countries in the Middle East
- Ras Al Khaimah is emerging as a solid tourism destination benefiting from rising costs of rents and sales in Dubai and Abu Dhabi
- Ras Al Khaimah is famous for its magnificent tourist attractions, charming endless sandy beaches, evergreen expanses of land, high graceful mountains in addition to its fine weather
- No foreign exchange controls, trade barriers or quotas
- No restrictions on capital repatriation
- Easy access to key decision makers
- Liberal labor laws
Locational Advantages
- Well connected to major international destinations
- Lowest freight cost to Europe, Asia, Africa and America
- Ras Al Khaimah has its own international airport and RAK Airways
- Well-developed infrastructure facilities
- Three main Seaports, Mina Saqr, Mina Khor and Mina Al Jazira
Free Zone
- 2.2 million sqm of land
- 100% foreign ownership
- All utilities meets international standards
- Long term plan lease (25 years minimum)
- Close proximity to Airport, Seaport, Hotels, Banks and Hospital
- 45 minutes from Dubai international airport
Educational Institutions
- Well-established state runs primary and secondary schools on a international standards
- George Mason University has already setup a campus
Infrastructure Developments
- Power generation (Thermal/ Solar)
- Water desalination plants & supply
- Expansion plans for Airport & Seaport
- Sanitation (Water/waste treatment)
- Oil and Gas projects (exploration and refineries)
Economy
- GDP now stands at AED 8.3 billion and has grown by more than 50% over the last 4 years and this is set to triple by 2012
- Growth driven by increased focus on manufacturing, services, real estate, construction, tourism and agriculture
- Export ( incl. Re-exports) account for nearly 60% or Ras Al Khaimah has the highest capital investment in the industrial sector in UAE
- 1,000 companies registered with Rak Investment Authority in less than 2 years
Investor Considerations
- Investment promotion driven under guidance of H.H Sheikh Saud Bin Saqr Al Qassimi Crown Prince and Deputy Ruler
- Strategic location that allows easy access to the markets of the Middle East, Europe, CIS, Africa and the Indian subcontinent
- Free-Zone areas that allow 100% foreign ownership
- State-of-the-art telecommunications network
- Favourable attitude toward private business
- No foreign exchange controls
- No income tax for individuals or corporations
- Duty-free import of raw material for manufacturing units and generally low import duties
- Close investor access to local decision-making
Offshore Benefits
- The establishment and maintenance of companies are simple
- There is complete privacy and companies are simple
- Three is complete privacy and confidentiality with international standards
- 257 companies register and are issuing licenses in Ras Al Khaimah Offshore
Hotels
- Al Hamra Fort Hotel & Beach Resort
- Hilton & Hilton Beach Resort
- Bin Majid Beach Resort & Bin Majid Beach Hotel
- Ras Al Khaimah Hotel
- Al Hamra Palace Hotel (coming soon)
- Banyan Tree Resort (coming soon)
- Marriott Hotel (coming soon)
- The Cove Rotana Resort & Spa (coming soon)
- Radisson SAS (coming soon)
- La Hoya Bay Hotel (coming soon)
- Jabel Al Jais (coming soon)
- Oasis Hotel(coming soon)
- Tower Hotel (coming soon)
- Rak Airways Hotel (coming soon)
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