INTRODUCTION TO RAK INVESTMENT AUTHORITY RAS AL KHAIMAH AT A GLANCE - - PowerPoint PPT Presentation

INTRODUCTION TO RAK INVESTMENT AUTHORITY

RAS AL KHAIMAH AT A GLANCE

Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates, is located approximately 100 km northeast of Dubai and is the northernmost emirate in the UAE. § Extremely safe, secure and stable emirate; with Fitch rating of A and S&P rating of A/A-1 § Political and economic stability § Average GDP growth of 8% annually since 2011

SUBSTANTIAL LOGISTICAL ADVANTAGES

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A strategic gateway to the Middle East, Africa and Asia, Ras Al Khaimah’s geostrategic location in the Arabian Gulf provides investors with easy access to growing markets. § UAE’s first point of entry in the Arabian Gulf § Easy access to strategic markets in the MENA Region § Proximity to express highways, seaports & airports § Planned railway network by 2018 § 4-hour flight time to 31% of the world’s population

Ras Al Khaimah Dubai Abu Dhabi

Fujairah Port Saqr Port Jebel Ali Port Hamriya Port

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A DIVERSE ECONOMY FOR INVESTORS

TOURISM SERVICES SECTOR EDUCATION TRADING & LOGISTICS INDUSTRIAL SECTOR REAL ESTATE & DEVELOPMENT

The UAE has signed numerous bilateral treaties around the globe to avoid double taxation on earned income for individuals and companies doing business abroad. BENEFITS § Reduction of double taxation § Eliminating tax evasion § Encouraging cross-border trade efficiency § Improving certainty for tax payers and tax authorities in their international dealings

UAE GLOBAL TREATIES AVOID DOUBLE TAXATION

Africa Asia Europe

§ Morocco § Mozambique § Sudan § Tunisia § Armenia § Azerbaijan § China § India § Indonesia § Japan § Malaysia § Mongolia § Pakistan § Philippines § Singapore § South Korea § Sri Lanka § Thailand § Turkmenistan § Uzbekistan § Austria § Belarus § Belgium § Bosnia § Bulgaria § Czech § Finland § France § Germany § Greece § Italy § Luxembourg § Malta § Netherlands § Poland § Romania § Spain § Switzerland § Turkey § Ukraine

Middle East

§ Jordan § Kuwait § Lebanon § Syria § Yemen

North America Australia

§ Canada § New Zealand

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COST OF SETTING UP A BUSINESS

25-30% LOWER THAN ALTERNATIVE FREE ZONES

LOWER COSTS & HIGHER RETURN ON INVESTMENT

COST OF LIVING

SUBSTANTIALLY LESS THAN THE UAE AVERAGE

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

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HIGH QUALITY OF LIFE IN RAS AL KHAIMAH

EDUCATION HEALTH CARE RECREATION CULTURE RESIDENTIAL DEVELOPMENT TOURISM

FREE ZONE VS NON-FREE ZONE

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

NON-FREE ZONE COMPANIES

Direct sales in local market No customs duty for sales in local

• r GCC markets

Profit repatriation as per partner contract UAE labour laws

FREE ZONE COMPANIES

Indirect sales in local market No customs duty

• n re-exported

goods 100% profit repatriation Freedom to source labour 100% foreign

• wnership

and 0% tax Up to 49%

• wnership and

0% tax

A COST-EFFECTIVE GATEWAY TO GLOBAL MARKETS

His Highness Sheikh Ahmed bin Saqr Al Qasimi

Chairman, RAK Investment Authority Member of Ruling Family of the Emirate of Ras Al Khaimah

RAK INVESTMENT AUTHORITY

§ Established in 2005 § One of the fastest-growing free zones in the UAE that provides custom-made business solutions at lower cost § Offers a completely tax-free environment, visa sponsorships and freedom to source labour and materials globally § Provides award-winning business support services § The investment destination of choice for more than 500 manufacturers and thousands of SMEs from over 100 countries.

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NUMEROUS SERVICES & BENEFITS

§ 0% customs duty on re-exported goods § 0% taxation and 100% ownership § Residence visas § Range of facilities § Value- added services § Quick and easy company registration § Flexible recruitment

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CUSTOMISE YOUR PACKAGE SUBMIT APPLICATION, DOCUMENTS & PAYMENT ISSUANCE OF BUSINESS LICENCE

QUICK & EASY COMPANY SET-UP

RAK Investment Authority provides all you need to set up your company in the UAE in just three easy steps. Our one- stop-shop approach makes it easier and faster to get your licence, set up a legal entity, and begin profitable operations.

1 2 3

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CUSTOMISED SOLUTIONS TO FIT YOUR BUSINESS NEEDS

Industrial Trading/General Trading Commercial Consulting/ Services Media

TYPES OF COMPANIES BUSINESS LICENCES

Limited Liability Company

(2 or more partners)

Establishment Local or Foreign Branch

FREE ZONE NON FREE ZONE

FLEXI FACILITIES

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FACILITIES

RAKIA offers suitable business facilities to ease clients’ business operations:

INDUSTRIAL LAND WAREHOUSES OFFICES

A WIDE RANGE OF VALUE-ADDED SERVICES

RAK Investment Authority provides you with all the necessary requirements to set up your company in the UAE. § Conference room facility § Business lounge for networking and executive meetings § High speed internet access § Administrative assistance

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VISA SERVICES

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RAK Investment Authority provides visa sponsorship services to registered clients. The eligibility of visas for a licenced company is determined by its facilities and scale of

• perations.

§ Investor Visa § Partner Visa § Employment Visa § Family Visa

RAKIA’S CLIENTS COME FROM ALL OVER THE WORLD

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STRATEGIC BANKING PARTNERSHIP

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SERVICES PROVIDED:

§ Trade Finance (Working Capital Finance) § Project Finance (Term Loans / Syndicated Term Loans) § NON Funded Products - Bank Guarantee, Letter of Credit § Finance against Credit Insurance (Working Capital Finance) § Cost of Finance ranges from 6% to 10%

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AUTOMOTIVES

INDUSTRIAL SECTORS WITH OPPORTUNITIES

The Middle East region presents investors with significant growth opportunities across sectors:

BUILDING MATERIALS CHEMICALS METALS ELECTRICALS FOOD PROCESSING PLASTICS

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GCC SECTORS - OPPORTUNITIES

SECTORS PROJECTIONS

AUTOMOTIVES § Total projected vehicle registration in GCC to reach 16.36 bn units by 2017 § Auto spare parts market to hit $16.85 bn (AED61.9 bn) by 2020 BUILDING MATERIALS § $4.3 tr to be spent on construction in the MENA region by 2020 § Interior & fit-outs segment to reach $15 bn by 2017 FOOD PROCESSING § Food consumption in GCC by 2017: 49.1 MMT § 70% of the food requirements is met through import § Consumer spending on food expected to reach $106 bn by 2017 § Import of Halal food into GCC to rise to $53.1 bn by 2020 CHEMICALS § Middle East & Africa lubricant market $17.9 bn, approximately 4.8 MTP by 2019 § Projects planned & underway across the MENA region, estimated at $2.5 tr § Paint and coating market is estimated to reach $3 bn by 2017 PLASTICS § Gulf polymer industry to produce over 33.8 mn tons by 2019 § GCC packaging sector, a $52 bn industry

A SELECTION OF OUR PARTNERS

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“Needless to say, with such

• utstanding facilities and

co-operation, local company creation to the production

• f first bottles was all

achieved in 15 months.” Plant Manager, SAVERGLASS LLC.

WHAT CLIENTS SAY ABOUT RAKIA

“We appreciate the support received from RAKIA’s management in helping us set up a fully functional facility in Ras Al Khaimah.” Plant Manager, GUARDIAN RAK “Ashok Leyland began its assembly operations with RAKIA in UAE in 2006 and has been increasing its activities from year to year.” Head of International Assembly Operations, ASHOK LEYLAND RAK “The visa department has been highly efficient in approving applications and

• btaining visas on time for
• ur workers and staff.”

GCC Country Manager & MD, VESUVIUS RAK FZ-LLC

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WHAT CLIENTS SAY ABOUT RAKIA

“RAKIA is the perfect base for us to grow in our home market and also globally.” CEO, ETERNITY TECHNOLOGIES RAK “We have been able to build accommodation with all basic amenities for our manpower right within the plant premises. This is both cost-efficient and convenient.” Managing Director, YOUNG HWA STEEL FZ-LLC “We found RAKIA to be a very helpful business partner with a progressive ‘can do’ attitude, which fits very well with Spatial’s own ethos.” CEO, SPATIAL COMPOSITE SOLUTIONS FZE “In RAKIA we fulfilled our needs and have found RAKIA to be a supportive landlord with effective visa systems, prompt approvals and an understanding management.” President, MABANI STEEL LLC

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THANK YOU

www.rakia.ae