RAK Investment Authority Profile
Expand your business to Ras Al Khaimah, UAE
Since its inception in 2005, RAK Investment Authority (RAKIA) has developed and managed free zone and non-free zone jurisdictions in the Emirate of Ras Al Khaimah, UAE. RAKIA is uniquely positioned as a complete business park offering comprehensive end-to-end business formation services and solutions at competitive setup and operating costs. At RAKIA, investors can get everything from business licences to leasing options on land, warehouses and office spaces to visas.
Characterized by exceptional value and convenience, RAKIAs approach has earned the company a respectable reputation among free zone entities and a wide portfolio of global investors across sectors. RAKIAs two industrial parks, in the Al Hamra and Al Ghail areas of Ras Al Khaimah, are home to over 7,000 companies and 500 manufacturers in various sectors, including metal, chemicals, food, plastics and automotives.
The lower cost of registration, RAKIAs business facilities and manpower are only some of the factors that contribute to the competitive advantage of business operations. Compared to other major destinations in the region, cost of business set up and operations in RAKIA is approximately 25 - 30% lower. While other establishments offer only Free Zone opportunities, at RAKIA, both Free Zone and Non-Free Zone options are available - making it the first entity in the UAE to have this option. Adding to this, industrial units established with a Non-Free Zone licence are exempted from customs duties when their products are sold in the GCC and GAFTA markets.
In addition to the business licences offered, RAKIA also provides land on long-term lease for industrial ventures in its two industrial parks in Al Hamra and Al Ghail in Ras Al Khaimah. RAKIAs two industrial parks, Al Hamra and Al Ghail, provides business solutions and services to all types of tenants, large, medium and small-scaled enterprises. With no restrictions on the maximum area, RAKIA also offers minimum land plots of 5000 m2.
For the benefit of companies engaged in trading, warehousing, assembling, packaging and light manufacturing activities, RAKIA offers warehouses, units of 311 m², in its Free Zone and Non Free Zone. RAKIA is flexible in terms of allowing offices and accommodation to be built on the premises itself.
RAKIA also offers a wide range of offices for businesses with mid to long term plans in the region.