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RAK
is the primary
location in the Gulf region for potential investments in the real
estate development projects and in particularly the ones related to
the tourism industry. RAK is famous for its magnificent touristic
attractions and facilities that have helped it to build up a
substantial lead in tourism among other sister Emirates and
neighbouring Gulf countries.
Please
find below some of the benefits of investing in the Emirate of Ras Al Khaimah:
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No Corporate income Tax
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No Income Tax
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No Taxes on Exports
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It is strategically located in the Arabian Gulf and forms the gateway to
most of the countries in the Middle East
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Ras Al Khaimah is emerging as a solid tourism destination benefits from
rising costs of rents and sales in Dubai and Abu Dhabi
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Ras Al Khaimah is famous for its magnificent tourist attractions
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Ras Al Khaimah embraces charming endless sandy beaches, ever green
expanses of land, high graceful mountains in addition to its fine weather
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100% ownership in Free Zones
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No foreign exchange controls, trade barriers or quotas
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No restrictions on capital repatriation
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RAK’s GDP now stands at AED 6.96 billion and has grow by more than 50%
over the last 4 years
| Growth driven by increased focus on manufacturing, services, real estate,
construction, tourism and agriculture
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Exports (incl re export) account for nearly 60% of RAK international trade
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Easy access to key decision makers
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Liberal labor laws
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