There are great business opportunities in Ras Al Khaimah (RAK). As figures show an increase in the number of businesses setting up in the Emirate: according to the authorities in charge a lot of licenses were issued in the first four months of the year, alongside with them may more were renewed, making Ras Al Khaimah even more appealing as an investment destination.
Ras al Khaimah (RAK) business opportunities are quickly establishing as one of the most luxurious holiday hotspots in the Middle East and tourism officials are hoping that the next year the number of visitors will increase.
Free Trade Zone of Ras Al Khaimah has successfully attracted hundreds of companies, which are expanding operations here. The ideal investment environment caters to a diverse client base and suits all kinds of investment.
Firms registered in RAK free zone doubled (RAK FTZ attracted investments from Iran, Germany, Turkey and Jordan, etc.). The credit for this success lies solely with the free zone's new strategy of conducting international marketing campaigns) oriented to organizing international marketing campaigns around the globe and which explain the options and advantages of the Emirate.
RAK has around 2.2 million square metres of freehold land available, over the next five years about 10 new hotels will be built.
The highest number of business delegations from around the world visited the RAK FTZ, that helped to strengthen the relations between the zone and other international firms.
The RAK FTZ has attracted major real estate projects, and this, in turn, is contributing to national economic progress.
As for the internationally recognized brands, Hilton Worldwide is one of the major international chains that the government is investing in to boost the Emirate's visibility.
This all makes Ras Al Khaimah one of the most desirable Emirates for business possibilities: to set up a company in alongside with levied taxation system of the UAE and the prospects and vision of the government that is to be implemented starting from this year.
