Ras Al Khaimah; opening doors to global investment

Ras al Khaimah is one of the traditionally significant cities in the Arabian Gulf. It is placed at the byroad of commerce and trade between east and west. The name Ras Al Khaimah literally translated to ‘The Top of the Tent’ in Arabic. The name ‘Top of the Tent’ signifies to the key contributions made by RAK to the social and fiscal progress of the region. A key investment blast has been observed by Ras Al Khaimah under the leadership of H.H. Sheikh Saud Bin Saqr Al Qasimi, who is the Ruler of RAK and also the Member of the Supreme Council.

Various governmental and legal reforms have made RAK in bringing up an investment crash during the past seven years. H.H. Sheikh Saud Bin Saqr Al Qasimi is the one who brought off World Bank to Ras Al Khaimah to carry out studies on how to make it an investor friendly and a well-organized business destination. During the year 2005, Ras Al Khaimah Investment Authority (RAKIA) has been established, under the strong control of H.H. Sheikh Saud Bin Saqr Al Qasimi. RAKIA manages programs that attract both local and foreign investors.

RAKIA’s services comprise of industrial, commercial and trading license processing, employment, residence and visit visa processing and diverse forms of permits. Ras al Khaimah Investment Authority has also its eye on developing customized products which caters to the businesses operating in RAK. Its customized products comprises of warehouses or light industrial units, land for industrial activities, commercial centers, Business towers or office space and various kinds of residential lodging. RAKIA has launched wide array of monetary enticements for investors and businesses, encompassing easy license issue, Free zone and Non Free zone company creations, liberal labor laws, low operational cost, etc., in order to capitalize on RAK’s investment potential.

Ras Al Khaimah Investment Authority (RAKIA) has come out as one of the pillars of RAK’s fiscal enhancement. RAKIA produces multi-billion dollars as yearly income and also presents Ras Al Khaimah with the strategic guidelines for socio-economic expansion. Ras Al Khaimah has become resilient with its repute as a land of opening for global investors, with RAKIA on the wheels. Ras Al Khaimah offers inclusive business and lifestyle facilities with the eventual support of a progressive and multicultural civilization.