Ras Al Khaimah Investment Authority (RAKIA), established by Emiri Decree in the year 2005, as the key facilitator for inward investments and economic development of Ras Al Khaimah by establishing the most supportive environment for private and foreign investments.

RAK Offshore, part of RAKIA was set up in 2006 to offer a wide variety of International Business and Financial Activities.

Finally in the second phase, after Federal approval, Offshore Financial Business, like Trusts, Foundations, Funds and Banking is planned. Therefore a totally independent Financial Services Authority will be created in order to have a truly international, regulated and multi-serviced Offshore Center at RAK Financial City.

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