Business Opportunities in Ras Al Khaimah (RAK) complete outline , Step by Step Process
Ras Al Khaimah is one of the 7 emirates that form the UAE (United Arab Emirates). Saud bin Saqr Al Qasimi is the current ruler of the emirate. The emirate is one of the fastest-growing in the country; it has a domestic economy which has expanded about 8% over the last few years. The future of this emirate is looking bright; Saud bin Saqr Al Qasimi has built a strong team that will manage the growing economy.
The emirate has been ranked one of the Top Ten Mid-sized and Small Global Cities of the Future. The ranking was published in the fDi Magazine and listed the emirate in the eighth position overall as well as in the top ten of an impressive six categories.
Free Trade Zone
The news about the emirate’s business-friendly investment environment has drawn many international companies to establish in RAK Free Trade Zone. That is because it is a cost-effective market entry gateway to the fast-growing Middle East,
South Asia and Africa.
Businesses in this free zone don’t have to pay any income or corporate taxes and can own 100% of their ventures. Also, companies can repatriate their profits fully, and costs of doing business are up to 50% lower when compared to other emirates. That allows companies to fully maximise their profit on investment.
Since its inception, the RAK FTZ has evolved into becoming the preferred destination for over 8,000 businesses from over 100 nations. The companies represent over 50 highly diverse sectors as well as industries, including various manufacturing activities.
World-class Services and Facilities
Ras Al Khaimah free zone makes establishing a business in this emirate as easy as possible. It provides fast-track registration and licensing, worker and investor visa issuance as well as freedom of sourcing materials and employees globally.
Business solutions have been tailored particularly to accommodate the individual need of a company. The free zone offers business centre facilities, secured warehouses, a variety of offices as well as land for lease across 3 specialised free zone parks. They include Industrial Park meant for heavy manufacturing, Technology Park for trading plus light manufacturing and Business Park meant for office clients.
Proximity to Dubai
One major advantage that the emirate has is its closeness to Dubai, which is one of the largest logistics hubs in the world. It only takes you 45 minutes to reach the Dubai International Airport. The airport serves over 125 airlines, flying to approximately 300 destinations across a total of six continents.
The emirate is a leading host for international foreign investment because of its business-friendly regulatory environment, sound economic policies and political stability. It provides international investors secure and stable environments to establish as well as grow their businesses.
The emirate has three cement-manufacturing companies, which makes it the largest producer of cement in the United Arab Emirates. Also, it is home to Gulf Pharmaceutical Industries called Julphar, in MENA; this is the largest pharmaceutical manufacturer.
Tourist Attraction For Ras Al Khaimah
The emirate is reinventing itself to become a tourism hub. It’s known as the most scenic emirate in all the seven emirates. It has a diverse landscape consisting of mountains, mangroves, coastal strips that has salt flat areas and sandy deserts. Also, near the mountain areas, there are sulphur springs. Additionally, the emirate is home to several mammals like jerboas and foxes plus hundreds of bird species. The landmarks of the emirate vary between new and old. Here are some of the places that makes Ras Al Khaimah a great place to visit:
Ras Al Khaimah National Museum
It is the fort that used to be the ruling family’s residence until the early sixties. The museum has an outstanding collection of ethnological and archaeological artefacts. The Qawasim Room located on the first floor is interesting: it has a collection of manuscripts, documents as well as treaties between the emirate’s ruler and Great Britain.
Also, there are exhibits of traditional weapons that belonged to the ruling family, as well as archaeological displays of the earliest settlers up to the period of the late Islamic. The ethnographic section of the museum introduces you to the traditional life in the beautiful emirate, including fishing, farming, date growing, pearl diving and architecture.
Ras Al Khaimah Beach
The shoreline is backed by luxury resorts; most of them allow non-guests to use any of their facilities so long as they have a day pass. This beach in Ras Al Khaimah have a broad strip of golden-toned sand, and it’s well cared for. Since all the resorts run their part of the beach, the facilities are excellent, with fresh water showers, cafes, sunshades, sun loungers and much more. Also, various water sports are on offer, including jet-skis and kayak hire.
The sixteenth-century mud-brick fort, Dhayah Fort, was built in a hilltop position that is strategically facing the gulf for defending the area from being attacked by the British. It played a significant role in the emirate’s history. You can see other ruined watchtowers and fortifications to the south of where the hill is located.
In 1891, a battle between the British and emirate resulted in many fortifications being destroyed. The scenic views from the ramparts of the fort are well worth a trip here. If you are interested in history, exploring Dhayah Fort is one of the top things to do in this emirate.
It is part of the famous Hajar Mountain Range and the tallest mountain in the UAE: its summit is at 1,934 metres. The drive up to take panoramic views is something you should never miss when you visit the emirate. There are plans to build a resort on the summit, which will be complete with sports facilities.
Further information see top 10 richest man in united arab emirates
Ras Al Khaimah Top 10 Headlines
- Saud Bin Saqr al Qasimi Complete History in Ras al-Khaimah
- TOP 10 Richest Man in (UAE) United Arab Emirates
- United Arab Emirates
- RAK Shuttle Bus Service
- RAK FTZ
- Doubletree by Hilton Resort & Spa Marjan Island
- ToroVerde Ras Al Khaimah
- Visit Ras Al Khaimah
- Ras Al Khaimah Tourism Development Authority
- H.H Sheikh Saud Bin Saqr Al Qasimi
- Ras Al Khaimah travel