A Chinese delegation recently visited the Ras Al Khaimah Investment Authority (RAKIA), a free zone operator in the United Arab Emirates, to discuss strengthening business ties between Chinese investors and RAKIA.
Representatives of RAKIA briefed the visiting delegation on the business advantages and facilities available at RAKIA's Industrial Parks. The benefits include exemption from corporate and individual income tax, and 100 percent repatriation of profits.
RAKIA noted that 500,000 Chinese people live in the UAE and 60 Chinese companies operate out of RAKIA's industrial parks.
Established in 2000, Ras Al Khaimah Free Trade Zone (RAK FTZ) is the investment destination of choice for more than 8,000 companies from over 100 countries, representing more than 50 industry sectors. Less than an hour’s drive from Dubai, RAK FTZ offers numerous advantages including:
- A tax-free investment environment
- 100 per cent foreign ownership
- Fast and efficient business set-up and support services
- Fast-track UAE visa issuance
- A wide range of real estate facilities to suit your individual business needs
- The Mazeed Services, which provides translation of documents, recruitment of employees, procurement support, creation and printing of corporate materials, and many other services
- A strategic geographical location that provides easy access to markets across Europe, North Africa and the Middle East as well as South and Central Asia
By RAK FTZ
