Ras Al-Khaimah is not only actively developing international business center, but above all it is advanced infrastructure and advantageous geographical position for trade and other business. It is not a secret that the Emirate provides great perspectives for different businesses, since it opens the way to the largest markets in Africa and Asia. For businessmen, arriving on business trips, in each hotel complex there are luxurious and spacious business centers for the most comfortable business meetings and negotiations.
Opportunities and trends in development of the Emirate
The following statistics data prove the appeal of Ras Al Khaimah for international business community: since the beginning of this year a record number of business licenses has been issued, most firms and companies which already present at the local market have renewed business licenses.
More and more foreign companies enter the local market and actively expand their activity in the region. Investment environment here creates conditions for diversification of potential customers in every market segment, as well as for any investment activity.
Furthermore, it is necessary to note the development of the Emirate as a luxury resort in the Middle East. According to tourism experts, the number of visitors and tourists is increasing every year.
Ras Al-Khaimah - secret of rapid economic growth and success
Achieving these results within relatively small time frame became possible by introduction of a completely new strategy, which is focused on establishment of large-scale international marketing campaigns. Such campaigns are designated to promote worldwide the benefits and opportunities of the jurisdiction for international business.
There has been a sharp increase in the number of firms incorporated in the Emirate of Ras Al-Khaimah. Today there are representatives of almost all the major world powers and developed countries. Companies from Germany, the United States, the Gulf countries, Turkey, Russia and Italy, India and China, and many other countries implement investment projects on the territory of Ras Al Khaimah trade zone.
Ras Al-Khaimah holds more than 2 million square kilometers of land where it is planned to build about ten modern hotel facilities. Every year, large-scale real estate projects are implemented here, which significantly stimulate local economy and contribute to the economic development of the Emirate.
International business forums and meetings held in the modern business centers actively promote enhancement of international trade and commercial relations.
All the aforesaid make the Emirate of Ras Al-Khaimah incredibly attractive for building and running business. Stable public policy, protection of property rights at the legislative level, unique system of taxation and long-term projects, implementation of which is scheduled in coming years is an evidence of the status of the Emirate as major international business center.
Business in Ras Al-Khaimah FTZ - benefits and advantages
Taking into account all advantages and available business opportunities, almost any business scheme operating on the territory of Ras Al Khaimah FTZ is beneficial both for operation at the local market and breaking into international market. Many businessmen, who plan to enter the market of the United Arab Emirates, ask which business solution is more perspective and brings the maximum profit.
With skillful approach and proper conduct of business, almost any business operating in the free trade zones, becomes high-margin and profitable. And this is true for those areas that are closely linked and are largely dependent on the sum of customs duties and tax burden, on the cost of skilled labor and energy resources. Business operating in the jurisdiction of Ras Al-Khaimah FTZ enjoys significant advantages in contrast to other jurisdictions.
Some major business opportunities include as follows:
- Availability of public transport links that facilitate delivery of goods anywhere in the world within short period of time;
- Favorable geographical location, providing free and open access to rapidly developing markets of the Middle East, Asia and Africa;
- Excellent transport opportunities and availability of production facilities, including storage;
- Direct access to sea and air communications;
- Favorable tax climate and customs privileges to encourage development of re-export.
Psychological aspects and loyalty general acceptance of to foreign business
You can say with full confidence that the Government of the Emirate of Ras Al-Khaimah strictly complies with loyal policy towards foreign nationals and investors. Overall, this is the major national policy of the country, everything in this country is intended to ensure the most favorable climate for foreign businessmen and investors. Due to this approach economy of the United Arab Emirates receives a steady flow of foreign investment and successfully develops while the entire world is under stress due to financial crises and turmoil.
If you are interested in the possibility of forming a profitable business in Ras Al-Khaimah FTZ and you would like to get more detailed information, you will find everything that you are looking for on our website. Here you will find a lot of useful and interesting practical information on business opportunities in UAE.
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