Ras Al Khaimah Investment Authority (RAKIA)

HLB HAMT

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