Business Opportunities in the United Arab Emirates and RAK FTZ

Presented by

JOYCE CHOUKRIMARKETING OFFICER

RAK FREE TRADE ZONE

UAE COUNTRY FACTS

• Population (in millions): 8,17 [2013], Only 16.5 % Nationals

• Area: 82 880 km² 

• Languages: Arabic (official language), English. Hindi and Urdu are spoken by a large portion of the emigrated population (Indian – about 1,3 millions in 2001 -, Pakistani, Bengali).  

• The United Arab Emirates consists of seven emirates: Abu Dhabi, Dubai, Sharjah, Umm al-Qaiwain,Fujairah, Ajman and Ra’s al-Khaimah. 

• Export rank for Belgium: 17 [2011]

• Major economic cities: Abu-Dhabi, Dubai, Sharjah

U.A.E OPEN TO BUSINESS

• Advantages to doing business in the UAE include:

No restrictions on profit transfer or repatriation of capital . No corporate or income taxes. A currency, the Dirham, that is stable, secure and pegged to the US dollar. Very low, or non-existent, import duties. Competitive labor costs.

• Sectors with opportunities:•   Construction services Materials and supplies Defense – Aerospace Energy – Alternative Energy Professional services Select tourism products/services including high-end hotel brands Healthcare and education services and products Creative arts and media.

The United Arab Emirates, with its rapidly developing infrastructure, investor-friendly policies and political stability, is undoubtedly one of the most attractive business destination in the region. 

EXCHANGE WITH BELGIUM

EXCHANGE WITH BELGIUM

ESTABLISHING A BUSINESS 

• All businesses, whether industrial, professional, trading or services, must obtain a trade license from the emirate concerned before they can begin business in the emirate. Licensing procedures may vary from emirate to another and the necessary information is available from the Chamber of Commerce of the Emirate.

• Local Company: Under the law, all companies established in the UAE must have 51% ownership by UAE nationals or a company fully owned by UAE nationals.

• Free Zone Company: 100% foreign ownership permitted in Free Zones

UAE FREE TRADE ZONES

What is a Free Trade Zone?

A free trade zone (FTZ) is one or more purpose-built areas in a country where certain normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered to attract new business and foreign investment.

Special Advantages of UAE Free Trade Zones

100% foreign ownership 100% income and corporate tax exemption 100% capital and profit repatriation No import and export duties

EMIRATE OF RAS AL KHAIMAH

Ras Al Khaimah is one of the seven emirates that form the United Arab EmiratesRuler: HH Sheikh Saud Bin Saqr Al Qasimi Population: 300,000Languages: Arabic and EnglishCurrency: Dirham (AED)

HISTORY AND TRADITIONS IN RAK

Cultural dances

Cultivating pearls

Camels

LIFESTYLE IN RAK

It is an ideal place to do business and leasure at the same time.

Plenty of newly built beach resorts are in the Emirates in addition to golf courses.

Waldorf Astoria and many 5 stars hotels are in the Emirate of RAK (Hilton, Cove Rotana).

RAK FREE TRADE ZONE

RAK FTZ was founded in 2000 under the patronage of HH Sheikh Saoud Bin Saqr Al Qasimi and is now directed by Mr. Peter Fort who was assigned as CEO.

VisionAchieve global brand recognition as a premium investment agency where customers find optimal business solutions.

MissionAttract and maximise the growth of high value-added, knowledge based, technologically advanced and innovative businesses to benefit Ras Al Khaimah and help companies internationalise via a global office network.

GROWTH OF RAK FTZ

  

GROWTH OF RAK FTZ

RAK FTZ SPECIALISED PARKS

• Warehouses• Labour Accommodation • Close to Emirates Road

• Executive Offices• Flexi Facilities• Business Centre• Administration

• Land for Industrial Use• Warehouses• Close to Sea Port• Labour Accommodation

RAK FTZ OFFICE NETWORK

International Offices

• Extend business reach globally

• Support international marketing activities

• Provide certain customer services

UAE Business and Promotion CentresBusiness and promotion centres in Dubai and Abu Dhabi

• Extend reach within the UAE

• Cater to the needs of existing and potential clients based in these cities

Fairmont Dubai Dubai Festival City Abu Dhabi Mall

HOW TO SET UP A COMPANY ?

Setting up a company in the UAE always involves a combination of the following:

LEGAL ENTITY

1LICENCE

2FACILITY

3

FLEXI FACILITIES

Shared facilities | Ready-to-use workstations | Dedicated phone number | Shared fax services | Email address | Dedicated PO Box number | Daily collection and distribution of mail and faxes | Guest reception services | Office management services | Parking facilities | 24/7 security

FACILITIES

EXECUTIVE OFFICES

Fully furnished and equipped or unfurnished / empty | Sizes vary from 15 m2 up to 400 m2 | State-of-the-art IP-based telephone system | Office management services | Access to business centre services | Office cleaning | 24/7 security

FACILITIES

WAREHOUSES

150 to 460 m2 and multiples | Close proximity to port and airport | Suitable for storing goods or for light manufacturing | Onsite staff housing available | Proximity to customs and administrative offices | 24/7 security services

LAND

Plots of various sizes (5,000 m2 min) available for industrial development | Access to sea port and airport facilities

KEY ADVANTAGES OF RAK FTZ

•Wide range of facilities – from Flexi Facilities to large plots for industrial development

1

•Variety of licences 2

•Cost-effective alternative to Abu Dhabi and Dubai3

•Network of international offices –Istanbul, Cologne, Mumbai4

•Warehouses and land adjacent to port facility5

•State-of-the-art IP-based telecommunications technology6

•Quick and easy registration process7

•360 care approach – value-added services ⁰8

MORE THAN 7000 SATISFIED CLIENTS FROM OVER 100 COUNTRIES

RAK FTZ

See you soon in RAKThank you for your attention.

RAK Free Trade Zone- Government of Ras Al Khaimah

Tél. : +971 7 2041111

E-mail : inquiry@rakftz.com

Site Web : www.rakftz.com

Europe’s office: europe@rakftz.com

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