Business Opportunities in the United Arab Emirates and RAK FTZ
Presented by JOYCE CHOUKRI MARKETING OFFICER RAK FREE TRADE
ZONE
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UAE COUNTRY FACTS Population (in millions): 8,17 [2013], Only
16.5 % Nationals Area: 82 880 km 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 Ras al-Khaimah. Abu DhabiDubaiSharjahFujairahRas
al-Khaimah Export rank for Belgium: 17 [2011] Major economic
cities: Abu-Dhabi, Dubai, Sharjah
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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.
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EXCHANGE WITH BELGIUM
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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
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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
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EMIRATE OF RAS AL KHAIMAH Ras Al Khaimah is one of the seven
emirates that form the United Arab Emirates Ruler: HH Sheikh Saud
Bin Saqr Al Qasimi Population: 300,000 Languages: Arabic and
English Currency: Dirham (AED)
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HISTORY AND TRADITIONS IN RAK Cultural dances Cultivating
pearls Camels
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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).
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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. Vision Achieve global
brand recognition as a premium investment agency where customers
find optimal business solutions. Mission Attract 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.
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GROWTH OF RAK FTZ
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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
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RAK FTZ OFFICE NETWORK International Offices Extend business
reach globally Support international marketing activities Provide
certain customer services UAE Business and Promotion Centres
Business 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
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HOW TO SET UP A COMPANY ? Setting up a company in the UAE
always involves a combination of the following: 1 2 3
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FACILITIES
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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 Dubai 3
Network of international offices Istanbul, Cologne, Mumbai 4
Warehouses and land adjacent to port facility 5 State-of-the-art
IP-based telecommunications technology 6 Quick and easy
registration process 7 360 care approach value-added services
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MORE THAN 7000 SATISFIED CLIENTS FROM OVER 100 COUNTRIES
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RAK FTZ See you soon in RAK Thank you for your attention. RAK
Free Trade Zone- Government of Ras Al Khaimah Tl. : +971 7 2041111
E-mail : [email protected]@rakftz.com Site Web :
www.rakftz.comwww.rakftz.com Europes office: [email protected]
facebook.com/rakftz twitter.com/rakftz youtube.com/rakftz
