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

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