Today, Ras Al Khaimah is one of the UAE’s most diversified economies. It is one of the fastest growing destinations in the Middle East and it is attracting international investors and businesses from all over the world.
The industrial sector lies at the centre of this development and is responsible for one third of the GDP. Today several key local companies now complete on a global scale.
Many new and niche manufacturers are reaping the advantages of the attractive set-up benefits. Exciting investments into high tech industries are establishing RAK as a hub for advanced manufacturing.
UAE Economic Advantage:
- 0% income tax
- 0% corporation tax
- 0% customs duty
- 100% repatriation of funds
- 100% foreign ownership for international customers and investors
- Safe, sound and developed economy with significant natural resources and huge state liquid reserves, with significant growth prospects – UAE is the 14th largest economy in the world having the 5th largest oil reserves and notably the reserves of Abu Dhabi alone amount to over 1 trillion USD$!
- Air connections via a world-class airport with significant direct flight potential acting as a transit hub, at a convenient geographical position between the old and the new world
- Currency preferably pegged to the US Dollar to eliminate currency risks (at a rate of 3.67 AED to 1 USD$)
- A real business hub with significant commercial activity, abundance of top-end office space, abundance of staff and executives at all levels for employment
- Abundant supply of cheap skilled labourers
- World class health system
- Plenty of top international schools and universities at all levels
- Advanced telecommunications
- Open policy for investments
- A convenient time-zone for business and finance
Interview with H.H. Ras Al Khaimah’s Sheikh:
H.H., Sheikh Saud bin Saqr Al Qasimi: “My father, Sheikh Saqr, he taught me success needs passion and commitment, perseverance, hard work, and extra effort makes a chance for success. Luck is only the product of what we do. Failure is really sitting and waiting for luck to come.
The people of Ras Al Khaimah through history have prospered only by being traders, navigators and this is what we are trying to do now…. mimic the past with modern tools.”
Ras Al Khaimah currently offers the best value for money in terms of high yields than any other area in the United Arab Emirates.
Thinking of buying a home in Ras Al Khaimah? ….. Ras Al Khaimah is the ideal location if you are looking for:
- A superb, modern but tranquil lifestyle
- All year round sun
- The best beaches
- First class facilities and infrastructure
- Economic stability with safe investments
- Zero taxes
- 100% freehold ownership
- Excellent investment returns
- A dynamic governmental strategy and vision
- Growing tourism
…. What more can one ask for?…. Ras Al Khaimah has it all!
Buying Land in Ras Al Khaimah
Buying land in Ras Al Khaimah is a unique investment opportunity for developers, investors and business owners. On offer in Ras Al Khaimah are:
- Very large plots of land ideal for huge developments on a freehold or non-freehold basis
- A large range of land available at main landmark locations for commercial use at very attractive prices
- Many plots of land for commercial, residential or hotel development at coastline locations