Ras al Khaimah bid to lure investros
Ras Al Khaimah government has launched an offshore facility, Ras al Khaimah Free Zone, the second in the UAE that is inclined to generate interest among investors looking for a new tax haven. The initiative, called "International Companies Registry", will allow foreign investors to register offshore companies without the need to establish a physical presence, the zone's chairman Shaikh Faisal Bin Saqr Al Qasimi said.
CEO Osama Al Omari said "thousands of companies" have expressed interest
in joining the offshore zone.