RAK FTZ Extends Investors' Reach With Servcorp Partnership

RAS AL KHAIMAH, UAE, June 2, 2010 - With the signing of a new partnership agreement with Servcorp, a leader
in the international business centre industry, Ras Al Khaimah Free Trade Zone
(RAK FTZ), has added virtual offices to the growing list of value-added
services it offers its clients.

(Photo:
www.newscom.com/cgi-bin/prnh/20100602/393902 )

Servcorp, a globally recognised provider of quality serviced and virtual
office facilities offers affordable technology-driven solutions that cater to
the specific business needs of individual clients. With more than 77
locations worldwide, Servcorp has business centres in some of the most
prestigious addresses around the globe, including sixteen in Australia,
eighteen in Japan, six in China, two in the United States, two in India, and
one in the United Kingdom.

Through Servcorp, RAK FTZ now offers its clients the option to establish
a business presence in Dubai or Abu Dhabi.   By setting up a virtual office
based in one of Servcorp's locations in either city, the free zone's clients
can enhance their profiles through a prominent business addresses in one of
the major UAE metropolises and enjoy, at a special rate, a full suite of
technologies, facilities and corporate services. They will also gain access
to Servcorp's business centres around the world; an invaluable opportunity
for companies looking for viable UAE based business alternatives that are
flexible, affordable and accessible.

"Our partnership with Servcorp opens up a whole new world to
entrepreneurs and SMEs. Now, they are no longer tied to a physical office
with costly overheads like rent, utilities and hardware - not to mention
manpower. We are in an era of cloud computing, where businesses store
pertinent information online, and in this trend, virtual offices are the
next step - a vital step which we are now making available to our clients,"
shared Oussama El Omari, RAK FTZ CEO, upon announcing the news. 

"Innovation is a concept that RAK FTZ has adopted since its inception,
and we encourage the kind of creativity that leads to business excellence.
Our approach is simple and effective, because it is customer-centred. Our
customers are the major stakeholders in our success. By constantly striving
to provide better business solutions, infrastructure and support - like this
new option of virtual offices - which will enable even more entrepreneurs and
business owners and to realise their goals, we remain competitive and
continue to provide the best enabling business environment to the investment
community," he added.

This new partnership also benefits Servcorp by enabling its clients to
obtain a business licence through RAK FTZ. "Servcorp's 24,000 global clients
now have the opportunity to be licensed in the UAE and use one of the best
jurisdictions in the world to do business in the emerging markets, taking
advantage of a zero tax, zero custom duties business environment," comments
Laudy Lahdo, Servcorp General Manager - UAE and Bahrain.

Ras Al Khaimah Free Trade Zone (RAK FTZ) is a world-class business hub
and a vehicle for industrial growth and development. The free trade zone,
with its cutting-edge technology and keen customer focus, offers on-demand
and custom-built support services to investors in a cost-effective and
flexible environment. The free trade zone also offers a range of unique s
ervices, which include legal, human resources and marketing assistance.

RAK FTZ has created a unique four-park system comprised of Business Park,
Industrial Park, Technology Park and Academy Zone, each of which offers
identical advantages and benefits to investors. Backed by legislations
allowing 100 per cent foreign ownership, a tax-free environment, transparent
laws and 100 per cent capital and profit repatriation, the free trade zone
is well positioned for global commerce.

Ras Al Khaimah Free Trade Zone is one of the fastest growing free
trade zones, with companies from 106 countries around the globe. For more
information, visit www.rakftz.com; or follow us on Twitter
(twitter.com/rakftz), Facebook (www.facebook.com/rakftz?ref=nf
), and YouTube (www.youtube.com/user/rakftz).

    Contact:
    Cleo Eleazar
    Public Relations and Media Officer
    Ras Al Khaimah Free Trade Zone Authority (RAK FTZA)
    Email: c.eleazar@rakftz.com
    Phone: +971-7-2077173

Photo:
www.newscom.com/cgi-bin/prnh/20100602/393902

Contact: Cleo Eleazar, Public Relations and Media Officer, Ras Al Khaimah Free Trade Zone Authority (RAK FTZA), Email: c.eleazar at rakftz.com, Phone: +971-7-2077173