1 / 14

21 October 2014

INVESTMENT OPPORTUNITIES IN THE UNITED ARAB EMIRATES AND RAS AL KHAIMAH by Gulay Avci / Regional Manager of RAK Free Trade Zone. 21 October 2014. Welcome to The United arab emirates.

jaimin
Download Presentation

21 October 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. INVESTMENT OPPORTUNITIES IN THE UNITED ARAB EMIRATES AND RAS AL KHAIMAH by Gulay Avci / Regional Manager of RAK Free Trade Zone 21 October 2014

  2. Welcome to The United arab emirates The stability, security and safety of the UAE, combined with its infrastructure, logistics services and strategic geographic location, make it a perfect launch pad to a wide variety of markets across the world. • Europe • Middle East • Africa & South Asia 76% of World’s Population 31% of World’s Population Within Easy Flight 53% of World’s GDP 11% of World’s GDP 4 hours 8 hours

  3. WORLD-CLASS infrastructure Proven infrastructure in the UAE eases supply chain barriers. UAE has extremely well developed transport, water, electricity, and telecommunications infrastructure. In addition, the UAE is investing USD $81 Billion in additional enhancements to its world class infrastructure. • USD $36 Billion • Abu Dhabi - Khalifa Port • Dubai - Jebel Ali • RAK - Saqr Port • USD $11 Billion • Etihad Rail • USD $44 Billion • DWC Al Maktoum • DXB Expansion • RAK Airport

  4. TOP GLOBAL ranking for logistics The UAE is currently ranked 17th in the World Bank’s Logistics Performance Index (LPI), and ranked within the top 20 in all six LPI categories. Top 20 LPI Categories Customs and Border Efficiency Ease of Arranging Shipments On Time Delivery Ranked 17th Ranked 13th Ranked 15th Ranked 17th Ranked 18th Ranked 15th Quality of Infrastructure Quality of Logistics Services Track & Trace The Logistics Performance Index (LPI) is a benchmarking tool based on a worldwide survey ranking the logistics “friendliness” of the countries heavily involved in trade.

  5. RANKED NO. 1 among emerging markets Logistics efficiency makes the UAE the best positioned country to enable companies to enter emerging markets. Reducing supply chain barriers to trade could increase GDP up to six times more than removing tariffs. The effects of reducing barriers are not gradual; changes occur when tipping points are reached. Source: World Economic Forum

  6. Stable and diversified BANKING SYSTEM • Financial and monetary stability & sophisticated banking system • Extensive credit facilities • Various choices of financial service providers • 28 foreign international banks • 23 local UAE banks • Sharia compliant Islamic Banking • Multiple currency account options • Non-resident accounts in domestic currency, freely convertible into foreign currency • Offshore accounts • Straightforward process for opening accounts with standard business documents • Valid trade license or certificate of incorporation • Power of attorney or Board resolution • Passports, including resident permits, of key people

  7. tax-free Corporate profits The UAE has a tax-free policy, meaning; No corporate tax No salestax No withholding tax No personal tax • Only oil, gas and petrochemical companies and branch offices of foreign banks are required to pay taxes • All other corporate profits are tax-free

  8. Ras Al Khaimah is governed by His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah Extremely safe, secure and stable emirate; with Fitch rating of A Very diversified, dynamic economy with free zone opportunities for foreign investment, as well as freeholds and joint ventures Average GDP growth of 8% annually since 2011 Home to 12,000 international businesses across nine free zone parks Headquarters to industry leaders such as RAK Ceramics, Julphar Pharmaceuticals and RAK Bank tax-free Corporate profits

  9. RAK FREE TRADE ZONE AUTHORITY • The Ras Al Khaimah Free Trade Zone (RAK FTZ) is a cost-effective gateway for Europe, North Africa, the Middle East and South Asia. • RAK FTZ is one of the fastest-growing free zones in the UAE, with more than 7,500 companies from over 100 countries, representing more than 50 industry sectors. • Established in 2000 RAK FTZ provides its clients with a tax-free environment, fast-track visas, freedom to source labour and materials globally, and ongoing business support services such as advertising, procurement, event management, recruitment and training assistance • RAK FTZ provides the same free zone benefits and top-notch facilities that are available elsewhere in the UAE, but for substantially lower costs, allowing clients to maximise their return on investment. • Ras Al Khaimahoffers strategic access to the UAE’s major logistical centers and emerging world markets. H.H. Sheikh Ahmad Saqer Mohamed Al Qasemi Chairman, RAK Free Trade Zone Member of Ruling Family of the Emirate of Ras Al Khaimah

  10. RAK FTZ offers numerous benefits to its clients 100% Ownership No Taxation Value-Added Services Benefits No Customs Duty on Re-Exported Goods Range ofFacilitiestoSuit Business Need Ease & Speed in Registering Company Flexible Labour (noquotas) Visas

  11. complete solutions & facilities Business Licence Legal Entities Facilities • Free Zone (FZC/FZE) • Foreign Branch • Local Branch • Foreign Subsidiary • Flexi-Desk/Office • Standard & Executive Offices • Shell & Core Office • Warehouse • Land ready for development • Commercial • General Trading • Consultancy/Service • Industrial

  12. Ease and speed in registering a company Setting up a business in Ras Al Khaimah is quick and easy. RAK FTZ provides comprehensive packages to get your business up an running in the UAE. Everything you need to start operations within two weeks. • Pre-Approval • Convenient on-line application form • Affordable packages starting from US$4000 • Submit Documentation • Application form • List of trade names • Project description • Other relevant legal documents • Process Payments • Cash, 2-3 days • Cheque, 4-6 days • International transfer, 6-9 days • Open for Business • Assistance with visa process • Access to RAK FTZ’s value added services • Receive Business License and • Lease Deed • Fast track service • FZC and FZE Requirements • Certificate of Formation • Bank letter • Associated legal documents

  13. Success story from France & belgium PGS Group is a French and Belgian-based, global manufacturer of wooden pallets with a Middle East subsidiary in Ras Al Khaimah Free Trade Zone. • Founded in France in March 1993 with a small workshop of 478 square yards. Now has six factories, 13 manufacturing sites and 28 pallet reconditioning sites, with an annual production of more than 25 million new and reconditioned pallets. • In 2013, achieved a consolidated turnover of €170 million. Now has nearly 1,000 employees and more than 5,500 customers. • Announced that it was expanding to RAK Free Trade Zone in May 2014 after reviewing the free zone’s strategic geographical location, top-notch facilities, award-winning business set-up services and substantially lower set-up costs, allowing for maximum return on investment. • Looking forward to reaching €500 million in the next five years and further expanding its facilities in RAK FTZ.

  14. THANK YOU FOR YOUR ATTENTION

More Related