The Ras Al Khaimah Chamber of Commerce and Industry (RAKCCI) is actively engaging Singaporean counterparts to transform existing trade ties into deeper strategic collaboration. This initiative demonstrates the commitment of the Emirates to strengthen trade relationships further, encouraging foreign businesses to expand to free zones in the UAE. In the process, Singaporean companies will benefit from better reach and easier entry to the Middle East, along with a level playing field for business.
During a recent meeting with Low Pit Chen, the Consul-General of Singapore in Dubai, RAKCCI Chairman Mohamed Ali Musabbeh Al Nuaimi outlined a vision for collaborative growth across key sectors. This includes tourism, advanced manufacturing, healthcare, and infrastructure, among others. Following this development, firms in Singapore would be seeking professional guidance from experienced business setup consultants in Dubai as they expand their operations to the Middle East.
Both the UAE and Singapore share a commitment to innovation and readiness for investment. Therefore, this partnership hold significant promise for businesses in Singapore.
- A Strengthened Diplomatic and Business Vision
- Why Ras Al Khaimah is a Strategic Choice for International Business
- Free Zones in the UAE Attracting Businesses in Singapore
- Bolstering Ties Through Trade Agreements
- Upcoming Collaboration Opportunities
- Why This Matters for Singapore Businesses
- Professional Support for Company Formation in Singapore
A Strengthened Diplomatic and Business Vision
Why Ras Al Khaimah is a Strategic Choice for International Business
Under the leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, Ras Al Khaimah has driven strong economic development over the past decade. It has reinforced its position as a diversified destination for investment. Chairman Al Nuaimi stated, “The UAE Government has issued many decisions to stimulate, activate and facilitate businesses, specifying 122 economic activities to become eligible for 100 percent foreign ownership…”
This is likely to be a strategic point from where global companies can accelerate and seek regional expansion.
Free Zones in the UAE Attracting Businesses in Singapore
Ras Al Khaimah’s free zones offer compelling advantages for ventures in Singapore. These include:
- 100% foreign ownership, with no local sponsor
- Preferential financial and regulatory regimes
- Tailored infrastructure that supports manufacturing, R&D, and services
- Full repatriation of profits and capital
- Streamlined licensing and visa processes
These frameworks align perfectly with businesses based in Singapore that have been striving to expand their presence and operational efficiency outside the country.
Bolstering Ties Through Trade Agreements
Upcoming Collaboration Opportunities
Al Nuaimi extended a formal invitation to Low Pit Chen to attend Ras Al Khaimah’s flagship events later this year. These include the:
- International Exhibition for SMEs – November (RAK Chamber)
- 7th Arab Conference on Food Security Investment – December
These platforms will focus on market opportunities, regulatory frameworks, and possibilities for joint ventures.
Check out the requirements for foreign businesses to set up in UAE free zones and consult experts for professional advisory solutions.
Why This Matters for Singapore Businesses
- Simplified regional expansion through free zones with 100% ownership
- Better access to the market through bilateral trade agreements
- Networking and insights at key RAK-hosted events
IMC Group