RAK is one of the seven emirates that make up the United Arab Emirates, located approximately 60 miles north east of Dubai, in the south part of the Persian Gulf.
RAK used to be known mainly for its shipping industry and commercial activity in the maritime sector. Nowadays it is famous mainly as an industrial country.
Ras al Khaimah is the UAE’s biggest cement provider, and the world’s biggest ceramics provider. Considerable funds have been allocated to the development of the financial and investment services sector thanks to the new regulations approved by the local authorities. This in turn has entailed growing interest among companies and individuals in operating their businesses and investing in Ras al Khaimah.
IBCs can conduct international business in RAK, own real estate within the UAE, trade in shares on the stock exchanges, open bank accounts and enjoy many more advantages. It takes 48 hours to incorporate a company in RAK.
The United Arab Emirates, including Ras al Khaimah, are not dependent on any other state or government. As such, the UAE are not subject to any EU regulations. Neither are they a member of the OECD, which means that they do not participate in the international exchange of information.