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INTRODUCTION TO RAK INVESTMENT AUTHORITY

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Page 1: INTRODUCTION TO RAK INVESTMENT AUTHORITY · § Trade Finance (Working Capital Finance) ... management in helping us ... ASHOK LEYLAND RAK “The visa department has

INTRODUCTIONTORAKINVESTMENTAUTHORITY

Page 2: INTRODUCTION TO RAK INVESTMENT AUTHORITY · § Trade Finance (Working Capital Finance) ... management in helping us ... ASHOK LEYLAND RAK “The visa department has

RASALKHAIMAHATAGLANCE

Ras AlKhaimah (RAK),oneofthesevenemiratesoftheUnitedArabEmirates,islocatedapproximately100kmnortheastofDubaiandisthenorthernmostemirateintheUAE.

§ Extremelysafe,secureandstableemirate;withFitchratingofAandS&PratingofA/A-1

§ Politicalandeconomicstability§ AverageGDPgrowthof8%annuallysince2011

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SUBSTANTIALLOGISTICALADVANTAGES

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AstrategicgatewaytotheMiddleEast,AfricaandAsia,Ras AlKhaimah’s geostrategiclocationintheArabianGulfprovidesinvestorswitheasyaccesstogrowingmarkets.

§ UAE’sfirstpointofentryintheArabianGulf

§ EasyaccesstostrategicmarketsintheMENARegion

§ Proximitytoexpresshighways,seaports&airports§ Plannedrailwaynetworkby2018

§ 4-hourflighttimeto31%oftheworld’spopulation

Ras AlKhaimah

Dubai

AbuDhabi

FujairahPort

Saqr Port

JebelAliPort

Hamriya Port

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ADIVERSEECONOMYFORINVESTORS

TOURISM SERVICESSECTOR EDUCATION

TRADING&LOGISTICS INDUSTRIALSECTOR REALESTATE&DEVELOPMENT

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The UAE has signed numerous bilateral treaties aroundthe globe to avoid double taxation on earned incomefor individuals and companies doing business abroad.

BENEFITS§ Reductionofdoubletaxation§ Eliminatingtaxevasion§ Encouragingcross-bordertradeefficiency§ Improvingcertaintyfortaxpayersandtax

authoritiesintheirinternationaldealings

UAEGLOBALTREATIESAVOIDDOUBLETAXATION

Africa Asia Europe§ Morocco§ Mozambique§ Sudan§ Tunisia

§ Armenia§ Azerbaijan§ China§ India§ Indonesia§ Japan§ Malaysia§ Mongolia§ Pakistan§ Philippines§ Singapore§ SouthKorea§ SriLanka§ Thailand§ Turkmenistan§ Uzbekistan

§ Austria§ Belarus§ Belgium§ Bosnia§ Bulgaria§ Czech§ Finland§ France§ Germany§ Greece§ Italy§ Luxembourg§ Malta§ Netherlands§ Poland§ Romania§ Spain§ Switzerland§ Turkey§ Ukraine

MiddleEast§ Jordan§ Kuwait§ Lebanon§ Syria§ Yemen

NorthAmerica Australia§ Canada § NewZealand

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Page 6: INTRODUCTION TO RAK INVESTMENT AUTHORITY · § Trade Finance (Working Capital Finance) ... management in helping us ... ASHOK LEYLAND RAK “The visa department has

COSTOFSETTINGUPABUSINESS

25-30%LOWERTHANALTERNATIVEFREEZONES

LOWERCOSTS&HIGHERRETURNONINVESTMENT

COSTOFLIVING

SUBSTANTIALLYLESSTHANTHEUAEAVERAGE

TheUAE’scurrency,theUnitedArabEmirateDirham(AED),ispeggedagainsttheUSdollaratafixedrateofAED3.673=USD1

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HIGHQUALITYOFLIFEINRASALKHAIMAH

EDUCATION HEALTHCARE RECREATION

CULTURE RESIDENTIALDEVELOPMENT TOURISM

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FREEZONEVSNON-FREEZONE

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TherearetwomainopportunitiesforstartingabusinessinRas AlKhaimah:

NON-FREEZONECOMPANIES

Directsalesinlocalmarket

NocustomsdutyforsalesinlocalorGCCmarkets

Profitrepatriationasperpartnercontract

UAElabourlaws

FREEZONECOMPANIES

Indirectsalesinlocalmarket

Nocustomsdutyonre-exported

goods

100%profitrepatriation

Freedomtosourcelabour

100%foreignownershipand0%tax

Upto49%ownershipand

0%tax

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ACOST-EFFECTIVEGATEWAYTOGLOBALMARKETS

HisHighnessSheikhAhmedbinSaqr AlQasimiChairman,RAKInvestmentAuthorityMemberofRulingFamilyoftheEmirateofRas AlKhaimah

RAKINVESTMENTAUTHORITY

§ Establishedin2005§ Oneofthefastest-growingfreezonesintheUAEthatprovides

custom-madebusinesssolutionsatlowercost§ Offersacompletelytax-freeenvironment,visasponsorshipsand

freedomtosourcelabour andmaterialsglobally§ Providesaward-winningbusinesssupportservices§ Theinvestmentdestinationofchoiceformorethan500

manufacturersandthousandsofSMEsfromover100countries.

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NUMEROUSSERVICES&BENEFITS

§ 0%customsdutyonre-exportedgoods

§ 0%taxationand100%ownership

§ Residencevisas

§ Rangeoffacilities

§ Value- addedservices

§ Quickandeasycompanyregistration

§ Flexiblerecruitment

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CUSTOMISEYOURPACKAGE

SUBMITAPPLICATION,DOCUMENTS&PAYMENT

ISSUANCEOFBUSINESSLICENCE

QUICK&EASYCOMPANYSET-UP

RAKInvestmentAuthorityprovidesallyouneedtosetupyourcompanyintheUAEinjustthreeeasysteps.Ourone-stop-shopapproachmakesiteasierandfastertogetyourlicence,setupalegalentity,andbeginprofitableoperations.

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2

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CUSTOMISEDSOLUTIONSTOFITYOURBUSINESSNEEDS

Industrial Trading/GeneralTrading

Commercial

Consulting/Services

Media

TYPESOFCOMPANIES BUSINESSLICENCES

LimitedLiabilityCompany

(2ormorepartners)

Establishment LocalorForeignBranch

FREEZONENON

FREEZONE

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FLEXIFACILITIES

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FACILITIES

RAKIAofferssuitablebusinessfacilitiestoeaseclients’businessoperations:

INDUSTRIALLAND WAREHOUSES

OFFICES

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AWIDERANGEOFVALUE-ADDEDSERVICES

RAKInvestmentAuthorityprovidesyouwithallthenecessaryrequirementstosetupyourcompanyintheUAE.

§ Conferenceroomfacility§ Businessloungefornetworkingandexecutivemeetings§ Highspeedinternetaccess§ Administrativeassistance

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VISASERVICES

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RAKInvestmentAuthorityprovidesvisasponsorshipservicestoregisteredclients.Theeligibilityofvisasforalicencedcompanyisdeterminedbyitsfacilitiesandscaleofoperations.

§ InvestorVisa§ PartnerVisa§ EmploymentVisa§ FamilyVisa

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RAKIA’SCLIENTSCOMEFROMALLOVERTHEWORLD

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STRATEGICBANKINGPARTNERSHIP

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SERVICESPROVIDED:

§ TradeFinance(WorkingCapitalFinance)

§ ProjectFinance(TermLoans/SyndicatedTermLoans)

§ NONFundedProducts- BankGuarantee,LetterofCredit

§ FinanceagainstCreditInsurance(WorkingCapitalFinance)

§ CostofFinancerangesfrom6%to10%

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AUTOMOTIVES

INDUSTRIALSECTORSWITHOPPORTUNITIES

TheMiddleEastregionpresentsinvestorswithsignificantgrowthopportunitiesacrosssectors:

BUILDINGMATERIALS CHEMICALS

METALS ELECTRICALS

FOODPROCESSING

PLASTICS

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GCCSECTORS- 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

BUILDINGMATERIALS § $4.3 tr to be spent on construction in the MENA region by 2020§ Interior & fit-outs segment to reach $15 bn by 2017

FOODPROCESSING

§ 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

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ASELECTIONOFOURPARTNERS

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“Needlesstosay,withsuchoutstandingfacilitiesandco-operation,localcompanycreationtotheproductionoffirstbottleswasallachievedin15months.”

PlantManager,SAVERGLASSLLC.

WHATCLIENTSSAYABOUTRAKIA

“WeappreciatethesupportreceivedfromRAKIA’smanagementinhelpingussetupafullyfunctionalfacilityinRas AlKhaimah.”

PlantManager,GUARDIANRAK

“AshokLeylandbeganitsassemblyoperationswithRAKIAinUAEin2006andhasbeenincreasingitsactivitiesfromyeartoyear.”

HeadofInternationalAssemblyOperations,ASHOKLEYLANDRAK

“Thevisadepartmenthasbeenhighlyefficientinapprovingapplicationsandobtainingvisasontimeforourworkersandstaff.”

GCCCountryManager&MD,VESUVIUSRAKFZ-LLC

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WHATCLIENTSSAYABOUTRAKIA

“RAKIAistheperfectbaseforustogrowinourhomemarketandalsoglobally.”

CEO,ETERNITYTECHNOLOGIESRAK

“Wehavebeenabletobuildaccommodationwithallbasicamenitiesforourmanpowerrightwithintheplantpremises.Thisisbothcost-efficientandconvenient.”

ManagingDirector,YOUNGHWASTEELFZ-LLC

“WefoundRAKIAtobeaveryhelpfulbusinesspartnerwithaprogressive‘cando’attitude,whichfitsverywellwithSpatial’s ownethos.”

CEO,SPATIALCOMPOSITESOLUTIONSFZE

“InRAKIAwefulfilledourneedsandhavefoundRAKIAtobeasupportivelandlordwitheffectivevisasystems,promptapprovalsandanunderstandingmanagement.”

President,MABANISTEELLLC

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THANKYOU

www.rakia.ae