HADDON CORPORATION APPOINTED US AGENT
FOR RAK INVESTMENT AUTHORITY
TO PROMOTE A PLATFORM FOR INDUSTRY AND COMMERCE
IN THE MIDDLE EAST AND ASIA

FREE TRADE ZONES / INDUSTRIAL ZONES
TAX-FREE COMMERCIAL HUBS
MINUTES FROM DUBAI, UAE

Haddon Corporation has been appointed the US Agent of the Ras Al Khaimah Investment Authority (“RAKIA”) by the Government of Ras Al Khaimah, UAE (“RAK”).  RAK is an Emirate located just minutes from Dubai, UAE which provides a gateway to unlimited opportunities.  RAKIA is backed by the Government of RAK which has strong investment fundamentals and a focus on investors, business and industry.  

RAKIA offers Industrial Parks with parcels in the Free-Trade Zone and the Non-Free Trade Zone.  The RAKIA Industrial Parks offer:

•    Strategically located minutes from Dubai, UAE
•    Low-Cost and Quick Set-up
•    Single window clearance for all licenses, permits and consents
•    Low-cost for construction of factory, offices, warehouses, etc.
•    0% corporate, sale and income taxes
•    100% ownership/control of corporation
•    100% repatriation of capital and profits and no foreign exchange controls
•    Captive Power Plant owned by the Government of RAK
•    Conveniently and well located to sea ports, highways and airports
•    No restrictions on hiring
•    Assistance with securing financing from local investors and banks
•    Long term Leases

In addition, the Government of RAK offers legal sponsorships to entities in the Non-Free Trade Zones that provide special incentives, including:

•    100% control of corporation
•    100%  retention of profits
•    Duty/Tariff free access to the Middle East market through trade treaties