With
reference to the above mentioned subject please allow me to introduce the
Emirate of opportunities
Ras Al Khaimah (RAK).
RAK
FINANCIAL CITY
AL MARJAN
ISLANDS
BAB
AL
BAHR
DANA
ISLAND
THE
GATEWAY
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:
|
No Corporate income Tax
|
No Income Tax
|
No Taxes on Exports
|
It is strategically located in the Arabian Gulf and forms the gateway to
most of the countries in the Middle East
|
Ras Al Khaimah is emerging as a solid tourism destination benefits from
rising costs of rents and sales in Dubai and Abu Dhabi
|
Ras Al Khaimah is famous for its magnificent tourist attractions
|
Ras Al Khaimah embraces charming endless sandy beaches, ever green
expanses of land, high graceful mountains in addition to its fine weather
|100% ownership in Free Zones
|
No foreign exchange controls, trade barriers or quotas
|
No restrictions on capital repatriation
|
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
|
Exports (incl re export) account for nearly 60% of RAK international trade
|
Easy access to key decision makers
|
Liberal labor laws
RAKEEN
is the biggest
development company in Ras Al Khaimah. It is a private joint stock company
established by H.H Sheikh Saud Bin Saqr Al Qassimi Crown Prince and Deputy
Ruler of Ras Al Khaimah. RAKEEN is a leading property developer and master
planner based in RAK, and around the World. RAKEEN is developing, managing
and building projects based on three core values: Sustainability,
Responsibility and Prosperity.
RAKEEN is committed to
provide its clients with the widest range of cost-effective options to
satisfy their real estate requirements. A significant number of ambitious
developments are launched and already underway in RAK, from man-made
islands to offshore financial districts, from genuine spas to new urban
developments and from beach frontage icons to magnificent mountain resorts
going through a wide spectrum real estate including natural wadis and
heart capturing deserts. This undoubted will help to facilitate the
Emirate’s transition to an international commercial capital and cultural
landmark and a Sustainable Eco-friendly Destination.
We hope
that the above summary is of interest to you and should you require any
further clarifications or more information on RAKEEN.
