The RAK Investment Authority (RAKIA) was constituted as per Emiri Decree No. (2)/ 2005 issued by H.H. Sheikh Saqr Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. The mandate for the authority is to work towards reinforcing the investment climate in the emirate and to promote its various economic sectors.
Our vision is to build a diverse economy that enjoys strong, sustainable growth, by attracting investments from the domestic and foreign markets that will create wealth and raise the standard of living for the people of Ras Al Khaimah.
Our mission is to offer complete solutions to the needs of every investor and provide value and customer satisfaction, ensure minimum transaction & conversion cost, enable businesses to flourish in the quickest possible time and to make investment in Ras Al Khaimah simple, easy and a pleasant experience.
Ras Al Khaimah is one of the fastest growing emirates in one of the fastest growing economies in the world, the United Arab Emirates. Renowned for its natural beauty and art de vivre, Ras Al Khaimah has also gained a reputation being a transparent, tax-free, corruption-free and no red-tape to do business.
Its booming economy and proximity to other major international centers like Dubai has attracted hundreds of large, medium and small businesses from every part of the world.
Now, RAK OFFSHORE making it possible for non – resident’s corporations, entrepreneurs and individuals worldwide to enjoy all the advantages which were available to only resident’s entities.
Advantages of RAK Offshore: opportunity of 100 % foreign ownership and no local partner; O% tax for the company and for company owners; 100% of capital and profit repatriation; no bookkeeping, auditory responsibility (not obligatory) ; no requirement of client's presence; local postal address; possibility of registration for minors; government fees only;1 day registration time and minimum of required documents; possibility of bank account in one of prestigious banks of the world; representatives of all nationalities are welcome.