Business and Investment

A strong economy, together with a stable political environment makes Ras Al Khaimah a logical place to invest. As a testament to this fact, the emirate received the Financial Times award for "Most Attractive Place in the Middle East for FDI" in 2009.

The cost of living and doing business in RAK are markedly lower than other emirates and far less than traditional business centers of New York, London or Mumbai. In addition, the authorities' forward-thinking approach provides unique benefits to investors through the RAK Investment Authority and the RAK Free Trade Zone. Foreign businessmen enjoy a 100% income and corporate tax exemption, streamlined and expeditious registration procedures, total foreign ownership, 100% capital and profit repatriation, efficient services, transparent legal framework and a network of promotion centers across UAE, Europe, Asia and the United States.

The RAK Investment Authority specializes in accommodating manufacturing companies while the FTZ caters to service-based and trading industries. At present, the FTZ is one of the fastest growing free trade zones in the region, registering 5476 companies by the end of 2008 while RAKIA has more than 3500 companies in its portfolio. Their growth continues at a pace of a company a day that chooses Ras Al Khaimah as the best place to do business.