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Sunday, September 24, 2023

Rakez Sees Surge in Holding Company Registrations

Ras Al Khaimah Economic Zone (Rakez) has seen a notable surge in holding company registrations since introducing this structure in 2020. The steady rise in registrations underscores the increasing appeal of this innovative investment approach, with the total number of holding companies rising by 35% to 329 in the first eight months of 2023 compared to the same period last year.

Ramy Jallad, CEO of Rakez Group, commented, “The substantial growth in holding company registrations within Rakez reflects international investors’ confidence and strategic interest in the UAE. With its safety and attractive investment climate, the UAE offers a wealth of opportunities.”

He highlighted Ras Al Khaimah’s unique prospects for global investors, leveraging its strategic location and business-friendly atmosphere. Establishing a holding company in the UAE through Rakez provides advantages such as favorable tax conditions and enhanced protection against risks and legal claims.

Moreover, the holding company structure allows flexible investments across industries through subsidiaries, spreading risk and optimizing returns.

This strategic approach aligns with RAKEZ’s commitment to fostering a diverse and resilient investment environment. The economic zone consistently engages with global investors and local businesses, continuously innovating to offer an appealing and supportive business landscape.

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