Healy Consultants suggests entrepreneurs to invest in Ras Al Khaimah as the Emirate steps up tourism

June 15, 2015 - PRLog -- Entrepreneurs looking to invest in the hospitality and tourism industry will be pleased to learn that Ras Al Khaimah’s Tourism Board has recently signed a contract with Royal Brunei, the official airline of the Sultanate of Brunei, to provide attractive flight packages from RAK to the UK and a host of other European destinations.

This is certain to boost tourism in the Emirate. Furthermore, plans have recently been announced by RAK Tourism and Investment Authority to turn Marjan Island into a party destination and an entertainment hub similar to Ibiza or Miami. Travel agents and resorts are looking into ways to attract more of the young-adult clientele to the Emirate.

Kulwant Singh, managing director of Lama Tours and Holidays, said at a press conference: “RAK is widening its reach and this will help to target other markets interested in beach parties, like the UK.”. Though this Emirate is not as popular a tourist destination as its counterparts Dubai or Abu Dhabi, RAK is backed by a strong economy and a stable political environment, making it a dynamic and exciting place to invest.

In 2009, RAK received an accolade from the Financial Times for being the "Most Attractive Place in the Middle East for FDI." Steven Rice, the CEO of Ras Al Khaimah Tourism said “the Emirate offers guaranteed sunshine, clean beaches, wonderful nature and a wide selection of world-class hotels and resorts”. These conditions provide a platform for the promotion and development of tourism in RAK.

There are other reasons why investing in RAK would be an ideal for any investor, and these include:

i)          The costs of living and doing business in RAK (http://doingbusinessinrak.com/) are much lower than in the other Emirates, and way below those of the well-known financial hubs such as London, New York, or Hong Kong;

ii)          Foreign investors are offered business-friendly incentives comprising unique benefits such as 100% income and corporate tax exemption, fast and meticulous registration procedures, total foreign ownership, 100% capital and profit repatriation, a transparent legal framework, and a network of promotion centres across UAE, Europe, Asia and the United States;

iii)          Easy access to other major markets in the Middle East, Africa and South Asia;

iv)          RAK’s four available free zones include world-class business centre facilities, offices, warehouses and land for development, as well as facilities for educational institutions. RAK is therefore positioned well to cater to the unique requirements of small, medium and large businesses.

When all the above reasons are considered by a potential investor, Ras Al Khaimah emerges as a top business destination that offers its partners an array of opportunities for developing enterprises of all sizes.

About Healy Consultants

For over a decade, the incorporation experts at Healy Consultants Pte Ltd., headquartered in Singapore, have been assisting investors worldwide to set up the optimum corporate structure for doing business in RAK. The services offered include company registration, banking solutions, accounting and tax and legal services.