Ras Al Khaimah, one of the legendary emirates of the United Arab Emirates, was ranked by the InterNations network as the best place for expatriates in the world. Thus, Ras Al Khaimah consolidates itself as an ideal enclave for living, working, exploring, and investing because it also meets a series of categories that the report applies.
InterNations was the one that published this data as part of the 2024 Expat Insider report. This analysis takes into account a series of variables that this emirate fulfills, positioning it as one of the best in this regard. Among the factors studied, administration, access to housing, digital life, and language stand out.
The growing commitment of Ras Al Khaimah
InterNations analyzed each of the variables that highlight Ras Al Khaimah as one of the preferred destinations for expatriates. Through the official communication released at the end of November, this emirate stands out for its easy access to residence visas, organization and bureaucratic management, and the possibility for new residents to open a bank account. Additionally, among the factors that make it ideal for expatriates are housing costs and the availability of online public services and high-speed internet.
The entity responsible for this report, InterNations, has over 5.4 million members in 420 cities and 166 countries. In its official communication, other qualities of this emirate were also highlighted, such as modern infrastructure, a rich cultural and natural environment, as well as prosperous business and tourism opportunities, perfect for foreigners who choose to settle here permanently.
The advantages of starting a business in Ras Al Khaimah
In this context, Ras al Khaimah offers a dynamic and favorable environment for investors in businesses. This territory, rich in culture and nature, implements policies that facilitate the consolidation of companies, making it an optimal choice for investors looking to expand their presence in the Middle East.
This site has a series of characteristics that make it desirable for foreign investors, so for those who want to start their new venture here, it is important to know some of its conditions. In this emirate, taxes are 0 percent on income for individuals, although there are others that apply to foreign banks and oil companies.
Ras al Khaimah, a range of possibilities.
The privileged location of Ras Al Khaimah is ideal for the development of both Eastern and Western markets. This space is divided by a creek into two parts: with the old town in the west and Al Nakheel in the east. Among its great advantages is the proximity to major international trade routes and prominent shipping lines, making the shipping and manufacturing process easily accessible. As in the rest of the emirate, this site does not charge personal income taxes and has competitive corporate fees for certain sectors.
RAK, as this emirate is known, is also a place where the economy is not solely centered on oil. In this area, tourism, manufacturing, and real estate are substantial parts of the region’s growth where policies are conducive for businesses to thrive. This can also be counterproductive for some entrepreneurs, as the opening of options often increases competition, which would mean higher marketing expenses and reduced profit margins.
