Since its inception in 2005, the Ras Al Khaimah Investment Authority (RAKIA) has moved far beyond the scope of developing and managing free zones and industrial zones. Tasked solely with boosting industrial and business opportunities in the Emirate of Ras Al Khaimah, RAKIA began pulling in regional and international businesses to Ras Al Khaimah (RAK) within a short period of time, attracting a wider range of small, medium and large companies to its two industrial parks.
RAKIA’s scope of services is
evidence of the company’s evolution and success. At RAKIA, investors can get
everything from business licenses to leasing options on land and office spaces to
visas. RAKIA’s facilities and solutions cover a broad swath of client needs with
warehouses, commercial and residential units. Its administrative units offer
assistance with visas and all coordination efforts with government departments.
Due to some factors such as government reforms, political stability, business friendly policies and excellent infrastructure and facilities, RAKIA continues to attract and encourage investments for its strategically located Industrial Parks and Free Zones. There has been a significant amount of growth in new industrial entities registered with RAKIA this year. The low cost of RAKIA’s quality services and swift setups is likely to account for the increase.
RAKIA Industrial Park, spread over 25 million square metres, is well located and 
connected to destinations in the Gulf countries, CIS,
Europe and Asia providing access to emerging and well-established markets in the
region. RAKIA provides a range of business set-up solutions that cater to the needs
of different types of enterprises.
With easy access to the strategic markets, 3 billion consumers in a 5-hour flying radius, proximity to 2 express highways, 3 sea ports and 3 airports, a 45-minute drive from the Dubai International Airport, and RAK’s geostrategic location in the Arabian Gulf, which is crucial factor for exports in the MENA and Asia region, makes RAKIA the preferred choice for setting up operations.
RAKIA offers 100 per cent foreign ownership, 100 per cent income tax and corporate tax exemption, and 100 per cent capital and profit repatriation, making it the most attractive and fastest growing free zone for many aspiring entrepreneurs. In comparison with other Emirates of the UAE, the low business set-up costs, allowing companies to maximise profits, makes RAKIA the preferred choice for companies setting up base in the region.
In just ten short years, RAKIA has successfully managed to
attract investors from all over the globe. With two industrial parks, RAKIA has
emerged amongst the competitors as the preferred choice for informed business
investors.
RAKIA’s parks are home to over 500 manufacturers in various sectors, including metal, chemicals, food, plastics and automotive. Some of the major clients, besides Arc International & Saverglass, present in RAKIA’s industrial parks include Guardian Glass (USA), Zamil Steel (Saudi Arabia), Falcon Technologies International (UAE), Posco (South Korea), Ashok Leyland, JBF, Dabur & Mahindra Motors (India), Duscholux (Germany), Vesuvius (UK) and Ahmad Tea (UK).
Heading into its tenth year, RAKIA is a complete business park offering end-to-end
business formation services and solutions, with the goal of being the undisputed
choice among industrial zones in the region. With a prosperous future ahead, RAKIA
plans to increase their industrial land assets to ensure sustainability while
supporting the economic development of Ras Al Khaimah.
