Ras Al Khaimah Investment Authority
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Ras Al khaimah Investment Authority was incorporated in the year 2005 under the patronage, vision and guidance of His Highness Sheikh Saud bin Saqr Al Qasimi, the Crown Prince and Deputy Ruler of the emirate of Ras Al Khaimah, with a mandate to attract quality investments in the key sectors of RAK economy such as industry, tourism and real estate.
Located within 1 hour driving distance from Dubai (85 kms) and 30 minutes drive from Sharjah (45 kms), the land and infrastructure costs are competitive by as much 50 up to 60 percent as compared to any neighboring Emirates.
With its proximity to Dubai and good connectivity, Ras Al Khaimah is quickly developing a reputation as one of the hottest investment destinations in the region, and as a tranquil and affordable place to live and work within the UAE.
The semi governmental body will have a legal character and would enjoy financial and managerial independence.
Ras al Khaimah Investment Authority acts as one stop shop for all investor needs. Their services include business licenses (Free Zone and Non Free Zone), visas, industrial plots, warehouses, labour accommodation, commercial space, building permits. Ras al khaimah investment authority provides all necessary infrastructure and approvals under one umbrella for all investors including partnering them for their projects in UAE.
Rak government vision is that Ras al Khaimah Investment Authority becomes leading authority in making sound investments and partner with others who share their vision, enabling them to achieve their objectives, at the same time creating a sustainable and growing economy.
It has been able to attract close to US$ 1.2 billions of investment from all over the world, in various industry segments since inception less than 2 years ago. These industries are diverse and strategic and are in the areas of Glass & Table Ware, Float Glass Sheet, Cement, DVD media factory, Renewable Energy, Pharmaceuticals, Consumable Hygienic Products, Vehicle Assembly, Hotels & Hospitality business, Health & education, Tourism Industry and many more.
Ras al khaimah investment authority is at the forefront of the Ras Al Khaimah Government 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. Since its inception two years ago, the authority has successfully attracted almost USD 2.0 billion worth of investments from all over the world, across a broad range of industrial sectors.
Setting up of the authority is a step towards bringing this policy to life. The authority will propose and implement investment policies at a macro level and at a micro level, be involved in feasibility studies, viability analysis and establishment of healthy business enterprises in tourism, manufacturing and related sectors within the city.
To further accelerate the growth of the economy through foreign investments, the Authority will also set up, establish and run the 4th Free Zone in the Emirate. It will also partner investors in enterprises outside the Zone where economic imperatives demand it.
Recently it has formed Rak Offshore which is a true offshore facility and regularity body offering complete offshore non resident business registration and financial services.
With RAKIA success in attracting companies and inward investment to the emirate, plenty of opportunities for corporate services are on the horizon. In fact it is an authority created in 2006 to provide the financial infrastructure needed to support increased economic activity, had registered almost 2000 companies by the end of 2008.
One of the key advantages is that it allows complete privacy and confidentiality. If properly structured offshore company formation is an excellent, tax efficient strategy for enterpreneurs to conduct their international business.
Offshore company formation is an excellent, way to legitmately minimise international taxation. And it is a legitimate way to protect your asset.
The company registration procedures are typically less complex than those in traditional trading jurisdictions it requires only limited information on shareholders, directors and beneficial owners. So setting up of an offshore company is quick and cost effective.
The registrar of companies is the production unit of Rak offshore and is responsible for establishing business relationships, incorporating offshore companies through licensed registered agents.
Incorporation offshore in Ras Al Khaimah UAE is the most confidential and secures offshore location today. We maintain low cost confidential services and incorporation in the fastest and most efficient manner.
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