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RAKIA Investment Authority has fully incorporated in year 2005 under guidance, patronage and vision of Highness Sheikh Saud bin Saqr Al Qasimi as Crown Prince and Deputy Ruler of this emirate in Ras Al Khaimah together with some mandate upon attracting quality investments as key sectors in the RAK economy that may include real estate, industry and tourism. This has just been located within one hour upon the driving distance from the location of Dubai (85 kms) and just 30 minutes drive from the place of Sharjah (45 kms), it’s been considered that their landing and infrastructure costs are quite competitive through 50 till 60% as compared to any of this neighboring Emirates.
With the proximity of good connectivity and Dubai, the Ras Al Khaimah is currently improving towards having a good reputation that will be considered as one well-known investment destination in the current region, and to its tranquility and affordability places to live upon and just work within areas of UAE. The semi governmental body will be gaining legal character and even enjoying their financial and managerial independency. With that, Ras al Khaimah Investment Authority will act as a one stopping shop point for the entire investor that is needed upon since their services entirely include various business licenses for Free Zone and to Non Free Zone, warehouses, visas, industrial plots, for labour accommodation, building permits and for commercial space. As a result, Ras al Khaimah investment authority will provide the entire necessary infrastructure and even approval under just one umbrella for the entire investors that may include partnering for their respective projects all throughout UAE.
The RAK government vision considers as Ras Al Khaimah Investment Authority that become as one leading Authority upon creating a sound investment and partnering with the other who will be sharing their respective vision as it enables attaining objectivity as same time maintaining for the growing economy. This will enable of attracting closer upon attaining US$ 1.2 billion of investment all throughout the world in different industrial segment ever since the inception that just less than for two years have passed.
This industrial setting considers as well diverse and strategic especially in field areas of Float Glass Sheet, DVD media factory, Glass & Table Ware, Cement, Consumable Hygienic Products, Pharmaceuticals, Renewable Energy, for Vehicle Assembly, Health & Education, Hotels & Hospitality business, for Tourism Industry and many others. With that, this Ras Al Khaimah investment Authority is considered as forefront of this Ras Al Khaimah Government for their main initiatives upon diversifying their respective economy and become even more responsible upon promoting improvement of Industrial Zone and Free Zone in the Al Hamra, and this Industrial Park of Al Ghayl.
Ras Al Khaimah Authority has progressively attracted for an almost $ 2.0 billion worth of their respective investments all throughout the world just across this wider range for industrial sectors. Setting on this RAKIA is considered as beginning step that will upbring mere policy of their respective life. Since, Authority will be proposing and even more implementing various investment policy in macro level and for micro level that involves to their respective feasibility studies, establishment upon having healthier business enterprises in the field of tourism, viability analysis, for some related sectors just within the city.
Upon furthering accelerating growth of economic status all throughout foreign investments, Authority will also be setting up, establishing and even running on their 4th Free Zone Emirate. They will also be partnering various investors in the enterprises just outside those Zones where various economic imperatives will demand from it. Just recently, it already formed the RAK Offshore as true offshore facility and regularity of their body upon offering completion of their offshore towards the non-resident business registrations and for their financial services all throughout.RAKIA progression will attract various companies and investment for emirates that got lots of chances intended to corporate services that are already in this horizon.
One key advantages that has been considered is allowing to have a complete confidentiality and privacy. If this offshore company formation will completely be structured, it’s considered as an excellent, tax efficient strategy intended for various entrepreneurs upon conducting various international businesses. The offshore company formation is considered as mere excellent way towards legitimately minimizing various international taxation. Not only that, it’s considered as legitimate way upon protecting thy own asset. Company registration procedures are now considered as less typically complex rather than those traditional tradition jurisdictions that requires only those limited information of directors, shareholders and for several beneficial owners upon setting on the offshore company that consider as cost efficient and fast easy.
Company’s registrar is considered as mere production unity of this RAK offshore and responsible upon establishment of business relationships, the incorporation of offshore companies all throughout for those registered licenses agents. The incorporation offshore of Ras Al Khaimah UAE is considered as well most confidential and even those secured offshore that located nowadays especially that RAKIA will be sustaining lower cost of confidential services and upon incorporation of faster and in the most efficient manner.
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