INTRODUCTION TO RAK INVESTMENT AUTHORITY · § Trade Finance (Working Capital Finance) ......
Transcript of INTRODUCTION TO RAK INVESTMENT AUTHORITY · § Trade Finance (Working Capital Finance) ......
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INTRODUCTIONTORAKINVESTMENTAUTHORITY
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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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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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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