RAK Investment Authority (RAKIA) is a government entity operating in the emirate of Ras Al Khaimah, United Arab Emirates. It is the founding authority behind the RAK Industrial Parks & Business Centers (with free zone and non free zone) in Al Hamra (5.8 million m2) and Al Ghayl (21 million m2).
RAKIA issues Trading, Professional, Consulting, Service and Industrial licenses for free zone as well as non free zone companies. With investor friendly policies, state of the art infrastructure and low setup costs, RAKIA has successfully attracted over $3.5 Billion in investments at the RAK & UAE Free Trade Zone and is home to nearly 5000 companies from diverse sectors of activity.
RAKIA Industrial Parks were established in 2005 to consolidate the emirate's economic potential and realize a long-term strategy for the country's socioeconomic development.
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CHECK IF THE LOCATION:
- ALLOWS 100% FOREIGN OWNERSHIP
- IS WELL CONNECTED BY LAND, SEA PORT AND AIRPORT
- OFFERS A HIGH QUALITY OF LIFE & A LOW COST OF LIVING
- OFFERS A SINGLE WINDOW CLEARANCE FOR ALL LICENSES, PERMITS & CONSENTS
- IS STRATEGICALLY LOCATED WITH EASY ACCESS TO EMERGING MIDDLE EAST, ASIAN & AFRICAN MARKETS
- GIVES THE OPTION TO BUILD YOUR WAREHOUSE & LABOUR ACCOMMODATION WITHIN YOUR PLOT
- OFFERS THE LOWEST SET-UP & OPERATIONAL COST
- ALLOWS COMPLETE FREEDOM IN HIRING EXPATRIATES
- OFFERS 0% CORPORATE, SALES & INCOME TAX BENEFITS
- HAS A CAPTIVE POWER PLANT FOR UNINTERRUPTED POWER SUPPLY
- HAS STATE-OF-THE-ART INFRASTRUCTURE & BUSINESS FRIENDLY ENVIRONMENT
- Operate both free and non-free zones
- Act as a one-stop shop for all investor needs
Since its inception, over 2,000 local and foreign investors have set up operations within the emirate under RAKIA, fueling an unprecedented pace of economic growth that has made Ras Al Khaimah one of the fastest growing emirates in the UAE and a regional economic force to reckon with.
- Total number of licenses
- Number of licenses year-wise
The licenses RAKIA has issued show a remarkable balance among key sectors – 25 per cent went to commercial companies, 24 per cent to consultancy and service companies, 23 per cent to industrial firms and the balance to trading and media companies. Investors have come from 96 countries all over the world, out of which 36% are from the Middle East, 35% from Asia & Far East, 18% from Europe, and the balance from other parts of the world.
- License break-up: Overall trend
- Summary report: January/June 2011
RAKIA has also made significant investments in infrastructure to attract world-class knowledge-based and technology companies.