DEFINITION of 'Ras Al Khaimah Investment Authority - RAKIA'

An organization established under a 2005 decree issued by the ruler of Ras Al Khaimah in United Arab Emirates (UAE). RAKIA's vision is to become the leading authority in making sound investments in Ras Al Khaimah and partner with other parties who share this vision in order to create a sustainable and growing economy. The formation of RAKIA has been an important step towards meeting the Ras Al Khaimah royal family's objective of making the emirate a regional hub for manufacturing, service and tourism.

BREAKING DOWN 'Ras Al Khaimah Investment Authority - RAKIA'

Ras Al Khaimah is a 35-45 minute drive from Dubai. Businesses set up in RAKIA's free trade zones enjoy several advantages such as complete exemption from all taxes, total repatriation of capital and profits, and land leases at highly concessional rates.

RELATED TERMS
  1. Emirates Investment Authority - ...

    A state-owned investment fund established in 2007 by the United ...
  2. AED (United Arab Emirates Dirham)

    The currency abbreviation for the United Arab Emirates dirham ...
  3. Gulf Tiger

    A colloquial term for the glittering city and emirate of Dubai ...
  4. Vision Care Insurance

    Vision care insurance typically covers routine eye health expenses ...
  5. Investment Corporation Of Dubai ...

    The Investment Corporation of Dubai (ICD) is a government-owned ...
  6. Oman Investment Fund

    A state-owned investment fund established in 2006 by the Sultan ...
Related Articles
  1. Investing

    The UAE: An Emerging Economy for Investors

    The learning from UAE on how it succeeded with timely diversification when the BRICS nations and the neighboring oil-rich economies faced challenges.
  2. Insights

    Emirates Profits Nosedive Due To Brexit & U.S. Travel Policy

    The state-owned airline has decided not to award dividends for the first time in 21 years.
  3. Insurance

    Vision Care Insurance: Will You See A Benefit?

    Find out everything there is to know about vision care insurance to see if it's the right choice for you.
  4. Managing Wealth

    The World's Richest Royals

    Monarchs are largely a throwback to bygone days, but there are still some with sizable fortunes.
  5. Investing

    BrainStorm Seeks ALS Drug Approval In Canada

    BrainStorm is seeking early approval in Canada for its ALS drug.
  6. Investing

    American Century's Philosophy on Financial Education

    To learn more visit www.americancentury.com/purpose
  7. Insights

    Dubai: Growth Through Diversification

    After Dubai's government realized their economy was too dependent on oil, it transformed itself into a diversified destination for global investors.
  8. Small Business

    5 Tips For Starting A Business

    From knowing your competition to setting reasonable goals, there are many useful tips to keep in mind when starting a small business.
  9. Investing

    Oil, Stocks Take a Breath on OPEC and Syria

    Oil appears to be rallying nearly 7% on Friday as the UAE's oil minister Souhail Al Mazroui has hinted that producers could come to an agreement to control output, which has helped rally the ...
  10. Insights

    Real Vision TV’s Raoul Pal on Market Confusion

    The founder of Real Vision TV sees political upheaval and the Trump administration in its infancy as a cause of insecurity amongst investors.
RELATED FAQS
  1. What is the difference between authorized shares and outstanding shares?

    Calculating financial ratios can help investors understand a company's financial position, but only when a knowledge of various ... Read Answer >>
  2. What happens to the shares of a company that has been the object of a hostile takeover?

    Learn about the effect on the share price of companies that are targets of hostile takeovers, which are tactics used by famed ... Read Answer >>
  3. What country has the wealthiest overall population?

    Find out which country has the wealthiest overall population, based on per capita income. Discover how this wealth was created ... Read Answer >>
Hot Definitions
  1. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  2. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
  3. Enterprise Value (EV)

    Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market ...
  4. Relative Strength Index - RSI

    Relative Strength Indicator (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent ...
  5. Dividend

    A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
  6. Inventory Turnover

    Inventory turnover is a ratio showing how many times a company has sold and replaces inventory over a period.
Trading Center