The Emirate of Strategic Advantage and Economic Flexibility
Embrace Success in the Emirate Where Business Meets Balance
Ras Al Khaimah at a Glance
Ras Al Khaimah has transformed into a dynamic economic hub, offering a perfect blend of traditional charm and modern business infrastructure. As the fastest-growing emirate in the UAE, RAK has become a magnet for global investors and entrepreneurs.
Strategic Location
Within 4 hours’ flying time of one-third of the world’s population.
Economic strength
‘A’ rating with a stable outlook by Fitch Ratings for over 10 years.
Major Sectors
Manufacturing, tourism, real estate, and e-commerce.
Unique initiative
RAKEZ hosts nearly 25,000 companies from over 100 countries.
Living in Ras Al Khaimah
Ras Al Khaimah offers a high quality of life with a perfect balance of urban conveniences and serene surroundings, catering to diverse lifestyles and preferences.
Quality of Life
- Ranked 4th best city globally for expats to live and work in 2023.
- Over 64km of pristine beaches and turquoise waters.
- Lower cost of living compared to other UAE emirates.
Safety and Infrastructure
- Nearly 0% crime rate, making it one of the world’s safest places.
- 4 public hospitals and 3 private hospitals serving the emirate.
- Modern transportation network with ongoing infrastructure developments.
Cultural Diversity
- Population of approximately 416,600 as of 2021.
- Home to over 200 nationalities.
- Rich cultural heritage with numerous historical sites and traditional arts.
Business Landscape
Ras Al Khaimah offers a dynamic and supportive environment for businesses of all sizes, from startups to global corporations.
Economic Strength and Growth
- Forecast to achieve robust growth of around 5.1% in 2024.
- Total capital of valid business licenses increased by 10% in 2023, reaching AED 7.8 billion.
- New license issuance surged by 35% in Q4 2023.
Business-Friendly Environment
- 100% foreign ownership permitted.
- Streamlined business setup processes and fast-track licensing.
- Comprehensive sustainability initiatives.
Strategic Advantages
- Modern infrastructure with major highway connections across UAE.
- International airport and one of the region’s largest container ports.
- Upcoming Etihad Railway project to enhance connectivity.
Government Support and Initiatives
- RAKEZ offers customizable solutions for company formation.
- RAK Investment and Development Office (RAK IDO) provides funding opportunities.
- Comprehensive support services, including accounting, recruitment, and marketing.
Key Business Districts
Ras Al Khaimah offers diverse business setup options to suit various industries and company sizes.
Free Zones
Enjoy 100% foreign ownership, tax exemptions, and simplified business setup processes.
- RAKEZ (Ras Al Khaimah Economic Zone)
- RAK Maritime City Free Zone
- RAK Investment Free Zone
Mainland
- Al Nakheel
- Al Hamra Industrial Zone
- Al Ghail Industrial Zone
Why RAK? Your Gateway to Untapped Opportunities in the UAE
Ras Al Khaimah offers advantages that make it the perfect choice for business:
- Strategic location providing easy access to global markets.
- Diverse economy with opportunities across multiple sectors.
- Strong government support and business-friendly policies.
- High quality of life for you and your employees.