UAE - Mubasher: Ras Al Khaimah Economic Zone (RAKEZ) has launched the service of holding company formation to allow investors to diversify their investments.

Through the holding company set-up, which starts from AED 10,535, investors can own shares and assets in different business projects, according to a press release on Sunday.

Commenting on this service, The Group CEO of RAKEZ, Ramy Jallad, said: "This type of formation allows investors to diversify and manage their investments more efficiently. They can own assets and shares in various companies without these investments affecting each other. A holding structure makes entering and exiting ventures transparent.”

Ramy added: "The RAKEZ is continuously exploring other company set-up structures and solutions in an aim to boost the flow of foreign investments to Ras Al Khaimah and the UAE."