Why Ras Al Khaimah can be the next big thing in UAE?

Dubai and Abu Dhabi among other booming cities located in the United Arab Emirates (UAE) are simply unparalleled in fame. Yet, let’s not forget Ras Al Khaimah (RAK), which is providing fiscal opportunities but is still not fully utilized. This part of the country can be enjoyed by the residents and those who come for visit, in a way unique to this area. There are numerous reasons why Ras Al Khaimah may soon overtake the other cities in UAE.

Economic Diversification

Ras Al Khaimah is actively looking at the ways to expand its base. Instead of the dominance of the market in real estates and tourist destinations RAK is reaching towards other areas such as the area of manufacturing, trade and in some cases like in RAK even renewable energy is explored. Hence, the emirate has created Free Zones including the Ras Al Khaimah Industrial economic Zone or RAKEZ to provide facilities to international corporations or sectors at reduced tax rates with simplified processes. For this reason, RAK has many strategies for coming up with ecological solutions so that it is also known for these eco-friendly solutions. Get details about Free Zones in Ras Al Khaimah.

Affordable Living and Business Costs

Emirates can offer viable living and business alternatives, with RAK faring well compared to the others. Housing, office spaces, and even the cost of living are more affordable in this particular emirate. The cheaper prices do not mean that people will suffer in any other aspects in life because RAK has an advanced transportation system, exceptional medical care and its prestigious schools provide lessons to any wanting students. The alacrity with which one may set up or expand a venture in RAK beats most other aspects in the list. Know about Business Setup Service in RAK Free Zone.

Booming Tourism Sector

Ras Al Khaimah Tourism has shown a remarkable growth over the years due to the natural beauty as well as cultural heritage of the place. The emirate is known for Jebel Jais, the highest mountain of the UAE, which is popular among adventure lovers for the likes of hiking, biking and of course most prominently, zip-lining. Moreover, the clean beaches and high-end hotels in the emirate make it a highly sought-after service tourist destination. There is a concentration of development on the fields of ecotourism and historical and cultural resources which makes RAK stand out as an interesting travel destination in the UAE tourism sector. Are you looking for a Business Set-up Consultants in RAK?

Strategic Location

Ras Al Khaimah’s convenient location allows it to have deep connections with trade and logistics. Being oriented with various shipping lanes, the emirates geographically sits in a spot easily connected to regions of Asia, Africa, and Europe. The presence of modern seaports and the ability to travel via international flights make the emirate favorable to enterprises desiring to venture beyond their country. Know about Company Formation Service in RAK Mainland.

Supportive Government Policies

The government in Ras Al Khaimah is proactive in creating an environment that is conducive to growth and investment. Here international investors have the option to own 100% stakes in free zones and obtain permanent residencies. Additionally, RAK is amicable to startups due to the ease with which the business can be formed and a license obtained. Get details about Company Formation Service in RAK Offshore.

Focus on Sustainability

Ras Al Khaimah is dedicated to environmentally sustainable approaches. There is another initiative that applies to energy saving or construction that is gentle on the environment. This not only contributes to global policy framework but also encourages environmentally sensitive tourists and investors. Are you looking for a Company Registration Consultants in RAK.

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The economic prospects of Ras Al Khaimah have rocketed in UAE. Accommodation, tourism, geographically strategic position and transparent governance alongside the nation’s resolve to allow healthy competition made Ras Al Khaimah an exciting destination for both businesses and residents. Efforts and focus towards sustainability cover all aspects of growth, underscoring the fact that the potential could be very high for this emirate.