Ras Al Khaimah (RAK) Summary

Ras Al Khaimah (RAK) is the fourth largest emirate in the UAE with 250,000 inhabitants. Located in the north-eastern States Ras Al Khaimah is ideally located as it borders on all other emirates except Abu Dhabi. As Dubai, RAK hopes to diversify its economy with new industrial activities and services, in order to prepare the energy transition. Encouraged by the government, this process of economic diversification provides the emirate with a strong and stable growth.

Growth stability enables it to attract more foreign direct investment and to promote tourism, increasing the reputation regionxs.

The RAK Free Trade Zone

With its modern infrastructure, this unique area is divided into three parks investment for organized activities. There are currently more than 5,000 companies registered here, representing 106 different nationalities. This is one of the most dynamic areas of free trade around the world and allows 100% ownership of the company to the investor.

The Business Park offers modern office in a business district developed. The industrial park is located on the coast and was the birthplace of several major companies. The technology park covers an area of ​​250 hectares in the southern part of the Emirate light industries and services. Administrative procedures are still lighter inside the FTZ and the rest of the UAE.

Ras Al Khaimah (RAK) Tax System

As in the rest of the UAE, RAK tax rates are very low and offer a substantial tax savings. Companies are not subject to tax, and employers are not required to pay Social Security tax contributions. Personal tax only applies to certain activities and remains very limited. There is no income tax, and fiscal policy follows that RAK UAE.