INTRODUCTION TO RAS AL KHAIMAH FREE TRADE ZONE & RAK...

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INTRODUCTION TO RAS AL KHAIMAH FREE TRADE ZONE & RAK INVESTMENT AUTHORITY

Transcript of INTRODUCTION TO RAS AL KHAIMAH FREE TRADE ZONE & RAK...

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INTRODUCTION TORAS AL KHAIMAH FREE TRADE ZONE &RAK INVESTMENT AUTHORITY

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RAS AL KHAIMAH’S ECONOMY

His Highness Sheikh Saud bin Saqr Al QasimiUAE Supreme Council Member and Ruler of Ras Al Khaimah

“Opening the door to foreign trade is a hallmark of Ras Al Khaimah’s past, present and future. Today we honour our heritage by welcoming the investors of the future.”

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RAS AL KHAIMAH IS PART OF THE UNITED ARAB EMIRATES

Ras Al Khaimah (RAK) is one of the seven emirates that comprise the United Arab Emirates (UAE), along with Abu Dhabi and Dubai.

Extremely safe, secure and stable emirate; with Fitch rating of A and S&P rating of AA+

Very diversified, dynamic economy

Average GDP growth of 8% annually since 2011 UNITED ARAB EMIRATES

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4-HOUR FLIGHT TIMETO 31% OF THE WORLD’S POPULATION

8-HOUR FLIGHT TIMETO 76% OF THE WORLD’S POPULATION

LESS THAN AN HOUR’S DRIVE FROM DUBAI INTL AIRPORT

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RAK has a strong trading heritage due to its geographical location at the mouth of the Arabian Gulf, and has grown into an industrial and trading hub, offering strategic access to the UAE’s major logistical centres and emerging world markets.

LANDMulti-lane super-highways connect to all neighbouring emirates and countries

SEARAK is home to four seaports, including;

• Saqr Port - the largest bulk commodity port in the Middle East

• Khor Port - offering a range of modern cargo handling facilities and services

• Al Jeer Port - on the border of the Sultanate of Oman

• Al Jazeera Port - specialising in dry docking and ship repair

AIRRAK International Airport services the emirate

• An annual cargo capacity of 50,000 tonnes

• Chilled reefers and cold storage facilities

• 23,000 m2 of warehouse storage space

SUBSTANTIAL LOGISTICAL ADVANTAGES

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JOINT VENTURES & PRIVATE INVESTMENT

BANK LOANS SUKUK INITIAL PUBLIC OFFERING, STOCK LISTING

The UAE’s currency, the United Arab Emirate Dirham (AED), is pegged against the US dollar at a fixed rate of AED 3.673 = USD 1

FINANCING A BUSINESS IS EASY IN THE UAE

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A DIVERSE ECONOMY FOR INVESTORS

TOURISM SERVICES SECTOR

INDUSTRIAL SECTOR REAL ESTATE & DEVELOPMENTTRADING & LOGISTICS

EDUCATION

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RAS AL KHAIMAH FREE TRADE ZONE AUTHORITY WWW.RAKFTZ.COM

COST OF SETTING UP & RUNNING A BUSINESS25-50% LOWER THAN ALTERNATIVE FREE ZONES

COST OF LIVINGSUBSTANTIALLY LESS THAN THE UAE AVERAGE

KEY ADVANTAGES: LOWER COSTS & HIGHER RETURN ON INVESTMENT

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Major Benefits In Line With Strategic Vision (Key Drivers)

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HIGH QUALITY OF LIFE IN RAK

TOURISM

EDUCATION

RESIDENTIAL DEVELOPMENT

RECREATION

CULTURE

HEALTH CARE

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STARTING A BUSINESS IN RAS AL KHAIMAH

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There are two main opportunities for starting a business in Ras Al Khaimah:

Must be established as joint ventures with a UAE National sponsor. Foreign investors are generally limited to 49% ownership.

NON-FREE ZONE COMPANIES

May be 100% foreign owned, and operate under more liberal free zone regulations.

FREE ZONE COMPANIES

NONFREE ZONE49% FOREIGNOWNERSHIP &

0% TAX

DIRECT SALES IN LOCAL

MARKET

PROFIT REPATRIATION

AS PER PARTNER CONTRACT

NO CUSTOMS DUTY FOR SALES

IN LOCAL OR GCC MARKETS

UAE LABOUR

LAWS

FREE ZONE100% FOREIGNOWNERSHIP &

0% TAX

INDIRECT SALES IN

LOCAL MARKET

100% PROFIT

REPATRIA-TION

NOCUSTOMS

DUTY ON RE-EXPORTED

GOODS

FREEDOMTO SOURCE

LABOUR

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RAK FREE TRADE ZONE &

RAK INVESTMENT AUTHORITY

• Amongst the fastest-growing free zones in the UAE

• Investment destinations of choice for more than 12,000 companies from over 100 countries, representing more than 50 industry sectors

His Highness Sheikh Ahmed bin Saqr Al QasimiChairman, RAK Free Trade Zone & RAK Investment AuthorityMember of Ruling Family of the Emirate of Ras Al Khaimah

A COST-EFFECTIVE GATEWAY TO GLOBAL MARKETS

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TARGETS SME

INVESTMENTS FREE ZONEFORMATION

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ATTRACTS INDUSTRIAL COMPANIES &

MANUFACTURERS

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FREE ZONE & NON-FREE ZONE

FORMATIONS

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NUMEROUS SERVICES & BENEFITS

RESIDENCE VISAS

VALUE- ADDEDSERVICES

RANGE OF FACILITIES

QUICK & EASY COMPANY REGISTRATION

100%OWNERSHIP

NO TAXATIONNO CUSTOMS DUTY ONRE-EXPORTED GOODS

FLEXIBLE RECRUITMENT

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RAK FTZ and RAKIA provide all you need to set up your company in the UAE. Our one-stop-shop approach makes it easier

and faster to get your licence, set up a legal entity, and begin profitable operations.

QUICK & EASY COMPANY SET-UP

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ISSUANCE OF TRADE LICENCE

CUSTOMISE YOUR PACKAGE

SUBMIT APPLICATION& DOCUMENTS

1 2 3

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INVESTMENT OPPORTUNITIES ACROSS MULTIPLE SECTORS

EDUCATIONSERVICES

HEAVY INDUSTRIALLIGHT INDUSTRIAL DISTRIBUTION & TRADING

LOGISTICS

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• Commercial

• General Trading

• Consultancy / Services

• Industrial

BUSINESS LICENCE

• Non Free Zone

• Free Zone (FZC/FZE)

• Foreign Branch

• Local Branch

• Foreign Subsidiary

LEGAL ENTITIES

• Flexi-Desks & Offices

• Standard & Executive Offices

• Shell & Core Offices

• Warehouses

• Industrial Land

FACILITIES

TAILORED SOLUTIONS & FACILITIES TO FIT YOUR BUSINESS NEEDS

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FACILITIES TO FIT EVERY BUSINESS NEED

INDUSTRIAL LANDWAREHOUSES

FLEXI FACILITIES OFFICES

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INDUSTRIAL PARK

BUSINESS PARK

TECHNOLOGYPARK

ACADEMICZONE

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AL GHAILINDUSTRIAL PARK

ACADEMIC ZONE

AL GHAIL INDUSTRIAL PARK INDUSTRIAL PARK

e

TECHNOLOGY PARK

AL HAMRA PARK

BUSINESS PARK AL HAMRA PARK

SPECIALISED FREE ZONE PARKS CATERING TO YOUR INDIVIDUAL BUSINESS NEEDS

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NATIONAL, REGIONAL, GLOBAL

Ras Al KhaimahRAK FTZ Headquarters

DUBAI

ABU DHABI

RAS AL KHAIMAH

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DubaiRAK FTZ Business Centre

Abu Dhabi RAK FTZ Business Centre

India Office (Mumbai)RAK FTZ Liaison Office

Turkey Office (Istanbul)RAK FTZ Liaison Office

Europe Office (Cologne)RAK FTZ Liaison Office

RAK FTZ operates in three locations in the UAE, and has an expanding international presence with liaison offices in India, Turkey and Germany.

INDIA OFFICE

TURKEY OFFICE

EUROPE OFFICE

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INVESTORS FROM AROUND THE WORLD

OTHERS 24.0%

INDIA 21.2%

SYRIA 12.7%

LIBYA 1.8%IRAQ 1.8%

CANADA 1.9%GERMANY 2.6%

FRANCE 2.6%

JORDAN 2.6%

USA 2.7%

IRAN 2.8%

TURKEY 3.2%

UAE 4.0%

PAKISTAN 4.6%

EGYPT 4.9%

UNITED KINGDOM 6.4%

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SUCCESS STORIES

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THANK YOU