RAK Free Trade Zone Touts Tax Perks At London Event
by Lorys Charalambous, Lowtax.net, Cyprus
01 October, 2014
Peter Fort, the Chief Executive Officer of Ras Al Khaimah Free Trade Zone (RAK FTZ) in the United Arab Emirates (UAE), highlighted the benefits of investing in the free zone during a recent event in London.
Fort told attendees at the inaugural Financial Times fDi Forum that "just an hour's drive away from Dubai, RAK FTZ has a strategic geographical location that gives investors easy access to fast-growing markets in Africa, Asia, and the Middle East, and also allows them to tap into the trade flows between East and West," he said. "Additionally, Ras Al Khaimah benefits from sound economic policies, a business-friendly regulatory environment and permanent zero tax policy."
In particular the free zone offers zero percent tax on corporate and personal income, 100 percent foreign ownership, tax-free repatriation of capital and profits, and exemption from import and export duties.
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