RAK Investment Authority

The Ras Al Khaimah or RAK Investment Authority (RAKIA) was established in 2005 and has since played a crucial part in the emirate’s long-term strategy to promote social and economic development. The goal of this long-term plan is to establish the emirate as a regional powerhouse in terms of industry, trade, and commerce. The pharmaceutical, electronic, renewable energy, heavy engineering, health and education, consumer product, tourist, and automotive industries are just some of the many that have benefited from the almost US$ 1.2 billion in investments received by RAKIA in less than two years.

RAKIA provides a variety of licenses to meet the demands of various businesses.

• Commercial
• Industrial
• Consulting/Service
• Media

RAKIA’s Unique Benefits:

• Full ownership of the enterprise by foreign investors
• Freedom to repatriate earnings and investments
• Completely free from both business and individual income taxation
• Tax exemptions for both importing and exporting
• Currency exchange rate freedom
• Bilateral tax treaties that prevent double taxing
• No restrictions on hiring foreign nationals
• Legal protections for workers
• Up to a 30% reduction in operating expenses compared to regional competitors
• One-stop shopping for all of an investor’s service needs
• Superior Manufacturing Facilities
• Cost effectiveness and superior logistics
• Strategic, all-encompassing planning for development
• Governmental stability and policies that are beneficial to investors