Over the last decade, the United Arab Emirates has received significant attention from the business community. Foreign subsidiaries and international investors have flocked to the region to take advantage of its well-educated workforce, convenient location and homegrown opportunities. While many people think of Dubai as the hub for activity, the tiny Emirate of Ras Al Khaimah (RAK) rivals its more populated neighbor in many ways. For example, Scimarec Ceramic Technology leverages RAK's nonexistent corporate income tax to keep prices competitive and to grow profits steadily. Because the RAK government encourages foreign investment, industrial companies operating within the free trade zone, including Scimarec, can offer complete ownership to foreign nationals.
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