Narratiive Tags - Khaleej Times Desktop
Local Business
Logo
 

New Rakez initiative to draw investors

Issac John /Dubai
issacjohn@khaleejtimes.com Filed on June 1, 2020 | Last updated on June 1, 2020 at 12.29 am
Supplied photo

Rakez holding company formation starts from Dh10,535.

Ras Al Khaimah Economic Zone (Rakez), has launched a holding company to support investors in the emirate. The company structure allows secured investments where business owners can hold shares in different ventures and own assets as a corporate entity, and manage business risks, Rakez said in a statement.

"The UAE is one of the safest and most attractive investment destinations in the region and there are abundant existing and upcoming opportunities in Ras Al Khaimah that global investors can take advantage of. Hence, the addition of the holding structure is a natural progression to our business set-up offerings," said Ramy Jallad, group CEO of Rakez.

"This type of formation allows investors to diversify and manage their investments more efficiently. They can own assets and shares in various companies without these investments affecting each other. A holding structure makes entering and exiting ventures transparent."

Rakez holding company formation starts from Dh10,535. Investors can opt to register under the free zone or mainland jurisdiction with benefits including access to a selection of facilities and the eligibility to apply for UAE Residence Visa and a corporate bank account.

Jallad said the Rakez is "continuously exploring other company set-up structures and solutions in an aim to boost the flow of foreign investments to Ras Al Khaimah and the UAE." - issacjohn@khaleejtimes.com

author

Issac John

Editorial Director of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE's mainstream journalism for 35 years, including 23 years with Khaleej Times. A post-graduate in English and graduate in economics, he has won over two dozen awards. Acclaimed for his authentic and insightful analysis of global and regional businesses and economic trends, he is respected for his astute understanding of the local business scene.


ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /apps/pbcs.dll/article?avis=KT&date=20200704&category=ARTICLE&lopenr=200709370&Ref=AR&profile=1037 macro_action: article, macro_profile: , macro_adspot:
 
 
 
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery