310 likes | 432 Views
Business Fortunes @ RAK Free Zone. For more info, please visit our new website : http://www.rakftz.com. The Ideal Place to Do Business. “RAK” - Ras Al Khaimah is the Fourth largest of the seven emirates forming the United Arab Emirates (UAE) .
E N D
Business Fortunes @ RAK Free Zone For more info, please visit our new website : http://www.rakftz.com
The Ideal Place to Do Business • “RAK” - Ras Al Khaimah is the Fourth largest of the seven emirates forming the United Arab Emirates (UAE). • Abu Dhabi being the capital the other emirates are Dubai, Sharjah, Ras Al Khaimah, Fujairah, Ajman & Umm Al Qaiwain; • Strategic geographic location, Stable Government, Transparent legal systems, Excellent Logistics System, Cost effective Labor & Abundant energy supply are few among the various other factors for the prosperous developments of the Emirates. For more info, please visit our new website : http://www.rakftz.com
Location For more info, please visit our new website : http://www.rakftz.com
Main Industries in RAK • Ceramics • Cement • Quarrying • Pharmaceuticals • Glass • Printing & packaging • Textile • Potable Water • Armored Vehicles • Water Treatment Equipment • Electrical Cables • Medical Equipment • Gold Jewelries • Perfumes
Tourism in RAK • Hotels & resorts • Golf clubs • Cruises • Water springs • Desert safaris • Ancient villages
RAK Free Trade Zone • The RAK Free Trade Zone, established in the year 2000, is an ideal place for setting up the business to conduct operations locally or Internationally; • RAK Free Zone offers a cost effective location for business operations equipped with Modern facilities and State-of-the-art communications systems. • Option for setting up Free Zone Entities & International Companies (Offshore). For more info, please visit our new website : http://www.rakftz.com
RAK Free Zone - Two Registry • On Shore - Free Zone Entity • Offshore - International Companies. For more info, please visit our new website : http://www.rakftz.com
Types of Free Zone Entities • FZE - FREE ZONE ESTABLISHMENTS (Single Share Holder) • FZC - FREE ZONE COMPANY (Two or more Share Holders) • Br - BRANCH For more info, please visit our new website : http://www.rakftz.com
For more info, please visit our new website : http://www.rakftz.com
Features of Free Zone Entities • 100% Foreign ownership • No Corporate or Income taxes • No restriction on Full repatriation of funds • Availability of Serviced Offices, Pre Built warehouses and Land • Long term renewable lease • No import or re-export duties • No restriction on hiring foreign employees • Mortgage facility for all improvements made on the leased land. For more info, please visit our new website : http://www.rakftz.com
International Company Registry (Offshore Companies) • Governing legislation: • RAKFTZ International Companies Regulation 2006 • RAKFTZ Registered Agents Regulation 2006 • RAKFTZ Anti Money Laundering Policies 2006 For more info, please visit our new website : http://www.rakftz.com
Key Features – International Companies (Offshore) • Confidentiality of beneficial ownership • No public reporting • Can own shares in other UAE companies • Liability of shareholders are limited For more info, please visit our new website : http://www.rakftz.com
Key Features – International Companies (Offshore) • Can Maintain bank accounts in the UAE • Can Employ services of local professionals • No restriction in activities other than Banking & Insurance. • Can do business in the UAE with appropriate License For more info, please visit our new website : http://www.rakftz.com
Key Features….. Continues • Flexibility- minimum of one or more shareholders • Minimum requirement of one director • No minimum share capital • Able to issue Custodian shares , held by Registered Agent For more info, please visit our new website : http://www.rakftz.com
Key Features….. Continues • Custodian shares can be converted to registered shares • Multiple classes of shares possibilities • No requirement to hold directors or shareholders meeting’s • Sophisticated and flexible mechanism for alternate dispute resolution For more info, please visit our new website : http://www.rakftz.com
Competitive Advantages • No Tax Information Exchange Agreement with any country • Ability to benefit from UAE Double Tax Treaties • 100% foreign ownership • Zero income, capital or other taxes and duties • Unrestricted repatriation of profits and capital For more info, please visit our new website : http://www.rakftz.com
Competitive Advantages • Easy mechanisms for the transfer of shares or amendments • No mandatory accounting or auditing requirements • Low Government fees • Easy registration of charges For more info, please visit our new website : http://www.rakftz.com
Advantages over other offshore regimes in UAE • Able to conduct business in the UAE with appropriate License • Able to issue “Custodian Shares”, held by Registered Agent • Able to trade in or own an interest in real property in the UAE • Option to choose the applicable law. • Cost Effective For more info, please visit our new website : http://www.rakftz.com
Restrictions • Banking, Insurance and Reinsurance businesses, insurance agent or insurance broker in the Zone and UAE • Not applicable to do the business abroad. For more info, please visit our new website : http://www.rakftz.com
Free Zone Entities Vs International Companies • Free Zone Entities: • Should have physical presence (facility) in RAK • Can do business in the zone and in UAE (through local agents) • Can get license • Should have minimum capital of AED: 100,000 • Should have the requirement of Annual accounts audit. • Have restrictions in doing business activities (as per license only). • Legal Documents to be signed in Free Zone • Maximum permitted shareholders is 5 • Eligibility for Residence Visa For more info, please visit our new website : http://www.rakftz.com
Free Zone Entities Vs International Companies • International Companies: • Not required to have physical Presence in the place of incorporation • No License • No Capital Requirement • No audit requirement • No activity restrictions (Other than of public policy) • Cannot Accept Clients directly (Only through Agents) • Legal Documents can be signed in agents office • No Maximum limit on shareholders • No Visa Eligibility For more info, please visit our new website : http://www.rakftz.com
Why RAK • Transparent, Tax Free, Corruption Free location to do business • Political Stability • Assurances and mechanisms for total confidentiality, unless suspicion of criminal activity and hence required by the UAE regulatory bodies. • UAE in the OECD White List For more info, please visit our new website : http://www.rakftz.com
Why RAK • The facilities such as beautiful hotels, resorts, housing complexes, quality hospitals, schools, shopping centres, International Banks & recreation facilities together make RAK an ideal place for setting up business. • Our Single window services, Professional staff members & efficient customer service has facilitated us in being selected as the “Best Emerging Free Zone” in the Region by the Middle East Logistic Awards Committee for the past three consecutive years. For more info, please visit our new website : http://www.rakftz.com
Summary • Existing and new products will provide you with the flexibility to use UAE as the global financial centre all international, trust and asset protection activities • UAE with its time zone and offshore/onshore facilities allows you to develop a global model for business that can deal with: • Asia during the morning; • Europe during the day; and • the US/Americas in the late afternoon. For more info, please visit our new website : http://www.rakftz.com
www.rakftz.com www.rakftz.com@2006 RAK – DUBAI – ABU DHABI – INDIA – IRAN – UK – CANADA – RAK – DUBAI – ABU DHABI – INDIA – IRAN – UK – CANADA – RAK – DUBAI - IRAN Where Opportunities Are Ahead Unprecedented Success Stories Committed to Serve you…… Thank you!