Ras Al Khaimah Business, Taxation and Offshore Information
Ras Al Kaimah is the northern-most of the emirates in the UAE. Its coastline runs for 65 kilometres along the eastern end of the Arabian Gulf with an area of 1,680 square kilometres. It is the fourth-largest emirate with a population of about 250,000, about 50% of which are UAE citizens. Arabic and English are the dominant languages.
Petroleum has traditionally dominated the economy of the UAE, but with few oil and gas deposits Ras Al Khaimah’s wealth has largely been built on manufacturing. The emirate is one of the region’s largest producers of cement and it exports ceramic products to more than 135 countries.
Assisted by the Ras Al Khaimah Free Trade Zone, which is home to more than 5,000 companies, the economy surged ahead in 2005, growing almost 20%, while foreign trade has almost doubled in the meantime. More »