Ras Al Khaimah Investment Authority (RAKIA)

Ras Al Khaimah Investment Authority (RAKIA), established in 2005, is part of a long-term strategy to promote the sustainable social and economic development of Ras Al Khaimah by diversifying the emirate’s economy and ultimately establishing Ras Al-Khaimah as a regional hub for industrial manufacturing, trade and commerce.RAKIA has been able to attract close to US$ 1.2 billion investment in less than 2 years ago in diverse and strategic fields. RAKIA has pharmaceuticals, electronics, renewable energy, heavy engineering, health & education, consumer products, tourism, automotive companies.

Type of Licence Available

• Commercial
• Industrial
• Consulting/Service
• Media

RAKIA Advantages

• 100% foreign owned enterprise
• 100% repatriation of capital & profits
• 100% Corporate, personal income tax exemptions
• Exemption of import & export taxes
• No foreign exchange control
• Avoidance of double taxation with many countries
• Absence of restrictions on hiring of expatriates
• Liberal labour laws
• Up to 30 per cent lower cost of doing business than other locations in the region
• One-Stop –Shop for all investor’s needs
• Well-developed industrial infrastructure
• Cost Competitiveness & logistics advantage
• Comprehensive master planning for growth
• Stable Government and investor friendly policies