His Highness Sheikh Saud bin Saqr al Qasimi, Ruler of Ras Al Khaimah talks about investment agencies in Ras Al Khaimah. Sheikh Saud bin Saqr al Qasimi was interviewed in November 2013.
Sheikh Saud bin Saqr Al Qasimi: I have realized that it is great to create our own talent and businesses, but just as important for us, is no country can live in isolation. We have actually created investment agencies so that they know how to come to Ras al Khaimah, that their first choice is Ras al Khaimah, and that is a choice they should make. So we have created different agencies. Whether it is RAK Investment Authority, RAK Free Trade Zone, or RAK Maritime City- they will have all the support and facilities they need. They can come and get a license in less than a day and get it done. They can own 100% of their business and receive all the support and facilities they need to have. It's a fantastic facility, zero income tax, and ability to transfer funds either way. You have a competitive pool of talent at a competitive rate that you can use, you can hire people fire people, so this is a great choice for any business leader. The ability to manage, the freedom to manage, and at the same time, you live in a very well connected country. You have a great logistic hub- whether its containers or bulk. Ras al Khaimah has a fantastic bulk port. It compares to any port in the world very well. We are really blessed with all of the good facilities we have in the country.