The Ras-Al-khaimah Investment Authority was incorporated in the year 2005 with the mandate to attract quality investments in key sectors of RAK economy such as industry, tourism and real estate.
RAKIA was established to promote the sustainable social and economic development of Ras AlKhaimah by diversifying the emirate's economy and ultimately establishing Ras Al Khaimah as a regional hub for industrial manufacturing, trade and commerce. Highlighting RAKIA’s success in developing and promoting the emirate's business and investment landscape, Ras Al Khaimah was recognized as “Best Foreign Direct Investment Destination in the Middle East” by the Financial Times Group’s FDI magazine in 2009. Ras Al Khaimah was also awarded "Most Cost-Efficient FDI Destination" by Financial Times London in 2007, while Standard & Poor's has affirmed its “A” long-term and “A-1”short-term sovereign credit ratings on RAK.
RAKIA has been and continues to be the leading pilot for business development in RAK, for being a major provider of investment opportunities and one-stop solutions in its free zones, industrial parks and offshore facilities. With RAKIA responsible for promoting and enhancing the emirate’s distinct competitive advantages to a host of potential investors from around the world, RAK now acts as a lucrative destination for businesses in a wide range of industries.
- 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
AARMAK, the leading audit firm in dubai play significant role in providing comprehensive services to companies of Ras-Al-khaimah Investment Authority.
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