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.
