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Ras Al Khaimah, one of the seven emirates of the United Arab Emirates
Ras Al Khaimah Investment Authority (RAKIA), one of the major business destinations in the GCC, offers innovative and world-class Free Zone and Non Free Zone facilities to companies and entrepreneurs looking for low operating costs and highly-competitive business solutions.
Ras Al Khaimah, one of the seven emirates of the United Arab Emirates, is located approximately 100 kilometres northeast of Dubai and is the northernmost emirate in the UAE. At RAKIA, investors can get everything from business licences to leasing options on land and office spaces to visas. RAKIA’s facilities and solutions cover a broad swath of client needs with warehouses, commercial and residential units.
Since its inception in 2005, RAKIA has moved far beyond the scope of developing and managing free zones and industrial zones. RAKIA’s scope of services is evidence of the company’s evolution and success. Positioning itself on the very elements of competitively low operating costs and the strategic geographical location, RAKIA offers attractive and competitive Free Zone and Non Free Zone facilities through its two industrial parks, spread over 30 million m2, in Al Hamra and Al Ghail areas of Ras Al Khaimah. Recently winning 'Best Free Trade Zone in the GCC 2014' from London-based International Finance Magazine and‘Best Free Zone Middle East 2014’ from London-based Global Banking and Finance Review, RAKIAalready has an impressive 95 percent of the land in Al Hamra Industrial Park leased out.
With easy access to the strategic markets, 3 billion consumers in a 5-hour flying radius, proximity to 2 express highways, 3 sea ports and 3 airports, a 45-minute drive from the Dubai International Airport, and Ras Al Khaimah's geostrategic location in the Arabian Gulf, which is crucial factor for exports in the MENA and Asia region, makes RAKIA the preferred choice for setting up operations.
RAKIA offers 100 per cent foreign ownership, 100 per cent income tax and corporate tax exemption, and 100 per cent capital and profit repatriation, making it the most attractive and fastest growing free zone for many aspiring entrepreneurs. In comparison with other Emirates of the UAE, the low business set-up costs, allowing companies to maximize profits, makes RAKIA the preferred choice for companies setting up base in the region.
RAKIA's approach has earned the company a respectable reputation in the free zone world and a growing portfolio of investors across sectors.RAKIA's parks are home to over 7,000 companies and manufacturers in various sectors, including metal, chemicals, food, plastics and automotives. Some of the major clients include UK's Kelly Steel, Ahmad Tea, Novas Sealing, Vesuvius, USA's Guardian Glass, Saudi's Zamil Steel, UAE's Falcon Technologies International, South Korea's Posco, India's Ashok Leyland, JBF, Dabur & Mahindra Motors, Germany's Duscholux, and the French manufacturers Arc International and Saverglass.
Already in its tenth year, RAKIA is a complete business park offering end-to-end business formation services and solutions, with the goal of being the undisputed choice among industrial zones in the region.