Business Opportunities in the United Arab Emirates and RAK FTZ Presented by Joyce choukri Marketing Officer RAK Free Trade Zone. UAE Country Facts. Population (in millions): 8,17 , Only 16.5 % Nationals Area: 82 880 km²
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Business Opportunities in the United Arab Emirates and RAK FTZ
RAK Free Trade Zone
What is a Free Trade Zone?
A free trade zone (FTZ) is one or more purpose-built areas in a country where certain normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered to attract new business and foreign investment.
Special Advantages of UAE Free Trade Zones
Ras Al Khaimah is one of the seven emirates that form the United Arab Emirates
Ruler: HH Sheikh Saud Bin Saqr Al Qasimi
Languages: Arabic and English
Currency: Dirham (AED)
Itis an ideal place to do business and leasureat the same time.
Plenty of newlybuiltbeachresorts are in the Emirates in addition to golf courses.
Waldorf Astoria and many 5 stars hotels are in the Emirate of RAK (Hilton, CoveRotana).
RAK FTZ was founded in 2000 under the patronage of HH Sheikh Saoud Bin Saqr Al Qasimi and is now directed by Mr. Peter Fort whowasassigned as CEO.
Growth of RAK FTZ
Abu Dhabi Mall
Dubai Festival City
Setting up a company in the UAE always involves a combination of the following: