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Ras Al Khaimah - advantages
The Emirate of Ras Al Khaimah, that enjoys an historical political stability since 1948, has undertaken decidedly the way of progress and modernity having adopted an opened, liberal and diversified economy that favours a fast growth of real estate, construction, industrial and tourism investments.
The adoption of modern legislative instruments has favoured a series of competitive advantages such as:
- total absence of corruption, with Finland, New Zealand, Iceland and Denmark
- highly developed legal framework according to international standards
- direct relationship with the institutions, no red tape
- bank financial support for Real Estate: 50% - 80%
- low cost of labour: USD 300 per month, including food, housing and insurance
- highly skilled construction companies
- international investors from UK, Scandinavian Countries, Switzerland, USA, Canada, India
- top-level international tourism
- real estate yearly average increase from 2004: 27%
- simplified administrative procedures
- no personal income tax
- no corporate income tax
- no taxes on export
- repatriation of profits 100%
- availability of international airport
