introduction to ras al khaimah economic … al khaimah economic zone 2. ras al khaimah’s economy...
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RAS AL KHAIMAH ECONOMIC ZONE 2RAS AL KHAIMAH ECONOMIC ZONE 2
RAS AL KHAIMAH’S ECONOMY“Opening the door to foreign trade is a hallmark of Ras Al Khaimah’s past, present and future. Today we honour our heritage by welcoming the investors of the future.”
His Highness Sheikh Saud bin Saqr Al QasimiUAE Supreme Council Member and Ruler of Ras Al Khaimah
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RAS AL KHAIMAH IS PART OF THE UNITED ARAB EMIRATESRas Al Khaimah (RAK) is one of the seven emirates that comprise the United Arab Emirates (UAE), along with Abu Dhabi and Dubai.
Extremely safe, secure and stable emirate; with Fitch rating of ‘A’ and S&P rating of ‘A’
Very diversified, dynamic economy
GDP: AED 36.3 BN (USD 9.9 BN)*
UNITED ARAB EMIRATES *2016 estimates from RAK Centre for Statistics & Studies
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SUBSTANTIAL LOGISTICAL ADVANTAGES
SEALAND AIR
RAK has a strong trading heritage due to its geographical location at the mouth of the Arabian Gulf, and has grown into an industrial and trading hub, offering strategic access to the UAE’s major logistical centres and emerging world markets.
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SAQR PORT
Largest bulk-handling port in the Middle East, handling almost 60 million tones of cargo annually
Draft of 12.2 meters enables acceptance of large vessels, with 12 available berths (8 for bulk handling, 3 for container handling, 1 for general purpose)
World-class reputation for fast and efficient cargo handling, with doubling export movements as well as doubling efficiency in terms of vessel turnaround time
Major projects include creating additional deep-water berths, capable of handling capesize vessels, which commenced in Q2 2017
Adjacent to large Free Zone area (RAK Maritime City) with waterside access
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RAK AIRPORT
The fastest-growing airport in the UAE up 37% and has established a strong sustainable network of 10 destinations
6 of the 7 Emirates, including Dubai, are within 60 minutes drive from RAK Airport
Provides a significant lower cost base than Dubai and Sharjah
2,000 m² (of which 1,800m² is covered storage)
24/7 operations handling up to 50,000 tons p.a.
Handles all types of freighter
Provides dedicated access gates with high security levels and surface transport throughout airport
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LESS THAN AN HOUR’S DRIVE FROM DUBAI INTL AIRPORT
4 HOUR FLIGHT TIMETO 31% OF THE WORLD’S POPULATION
8 HOUR FLIGHT TIMETO 76% OF THE WORLD’S POPULATION
INDUSTRIALISATION IN THE EMIRATE RAK is the most industrialised emirate in the UAE Manufacturing in RAK contributes more than 26% of the emirate’s GDP The major factor for the emirate’s high level of industrialisation include: Availability of natural resources Operational cost-effectiveness
…ceramics and glass from Ras Al Khaimah were used to build the tallest building in the world, Burj Khalifa.
DID YOU KNOW THAT…
…Ras Al Khaimah rocks were used to build the iconic Palm Jumairah.
…most of UAE’s 5-star hotels use beddings produced in Ras Al Khaimah.
…UAE’s public transportation rely on vehicles and buses manufactured in Ras Al Khaimah.
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SNAPSHOT OF INDUSTRIAL PORTFOLIO
GLASS & CERAMIC PRODUCTS INDUSTRIAL MACHINE PACKING & PACKAGING AUTOMOTIVE & PARTS BASE METALS
CEMENT & CEMENT PRODUCTS PAPER & PAPER PRODUCTS PLASTICS & RUBBER PRECIOUS STONES CHEMICAL PRODUCTS
ELECTRICAL EQUIPMENT & APPLIANCES FOOD ROBOTICS PHARMACEUTICAL WOOD & FURNITURE
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KEY ADVANTAGES: LOWER COSTS & HIGHER RETURN ON INVESTMENT
25-50%LOWERTHAN NEIGHBOURING
REGIONS
COST OF SETTING UP A BUSINESS
COST OF RUNNING A BUSINESS
COST OF LIVING
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COSTS OF LIVING AND SETTING UP A BUSINESS IN RAK START FROM…
APARTMENTSCOST PER MONTH AED 2,450 USD 667
HOTEL STAY PER NIGHT AED 250 USD 68
EDUCATIONFEES PER YEAR AED 4,650 USD 1,266
COMPANY SET-UP AED 14,800 USD 4,029
SEMI-SKILLED LABOURER SALARY PER MONTH AED 600 USD 163
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STARTING A BUSINESS IN RAS AL KHAIMAH
FREE ZONE ENTITY
ZERO TAXATION
100% OWNERSHIP & PROFIT REPATRIATION
ACCESS TO LOCAL MARKET THROUGH A LOCAL AGENT
NO CUSTOMS DUTY ON RE-EXPORTED GOODS
FREEDOM TO SOURCE LABOUR
NON-FREE ZONE ENTITY
ZERO TAXATION
ESTABLISHED IN ASSOCIATION WITH A UAE PARTNER
DIRECT SALES IN LOCAL MARKET
NO CUSTOMS DUTY ON SALES IN LOCAL OR GCC MARKETS
SUBJECT TO UAE LABOUR LAW
COMPANY LIMITED BY SHARES
TRANSFER OF DOMICILE
SEGREGATED PORTFOLIO COMPANY
RESTRICTED PURPOSES COMPANY
COMPANY LIMITED BY GUARANTEE
UNLIMITED COMPANY
OFFSHORE
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RAS AL KHAIMAH ECONOMIC ZONEBased in the heart of Ras Al Khaimah and guided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, Ras Al Khaimah Economic Zone (RAKEZ) was established to oversee and consolidate the specialised zones and clients of both Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA).
RAKEZ is the continuation of the story that started with the foundation of RAK FTZ in 2000 and the establishment of RAKIA in 2005. It is the preferred business destination of more than 13,000 multinational companies, from over 100 countries representing above 50 sectors.
e e e
FOUNDED
2000FOUNDED
2005GOVERNING AUTHORITY
2017
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RAS AL KHAIMAH ECONOMIC ZONE A world-class government authority established by the government of
Ras Al Khaimah in 2017 Houses two of the fastest-growing free zones in the UAE, and the leading
free zones in RAK; RAK FTZ & RAKIA Serves over 13,000 multinational companies from more than 100
countries representing over 50 sectors Spread over 33 million m2
His Highness Sheikh Ahmed bin Saqr Al QasimiChairman, Ras Al Khaimah Economic Zone, Ras Al Khaimah Free Trade Zone & RAK Investment Authority Member of Ruling Family of Ras Al Khaimah
Free zone and non-free zone entity formation Fast and efficient business set-up processes Wide-ranging business and industrial facilities and value-added services One-stop shop for administrative processes
RAKEZ ADVANTAGES
Connectivity to major logistical hubs and multilane super highways Easy access to markets across the Middle East, Europe, North Africa
and Asia regions Provision to rent or build on-site staff and labour accommodation
RAKEZ ADVANTAGES
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TURN KEY SOLLUTION TO INVESTORS OF THE WORLD
UNITED ARAB EMIRATES
LAND PLOTS OF VARIOUS SIZE FOR DEVELOPMENT
CUSTOMISABLE WAREHOUSE FACILITIES
ON SITE STAFF & LABOUR ACCOMMODATION
MULTI LANE SUPER HIGHWAYS CONNECTING TO UAE & GCC
STORAGE FACILITY OF INTERNATIONAL AIRPORT
PROXIMITY TO SEA PORT
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With the help of our expert businessset-up consultant, you will select yoursuitable legal entity, licence type andfacility.
CUSTOMISE YOUR PACKAGE1
Our business set-up consultant willguide you from filling out yourapplication all throughoutsubmission, ensuring that all requirements are met.
SUBMIT APPLICATION & DOCUMENTS2
Your licence along with your registration set and bank letter will be issued upon completion of the licensing formality, then the visa application process will start.
PROCEED WITH PAYMENT & RECEIVE YOUR BUSINESS LICENCE3
SETTING UP A BUSINESS IS AS EASY AS 1, 2, 3
Through business set-up consultant, website or agents
Through business set-up consultant, portal or agents
Get your licence within 24 hours
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SPECIALISED ECONOMIC ZONES CATERING TO YOUR INDIVIDUAL BUSINESS REQUIREMENTS
AL HULAILA INDUSTRIAL ZONE
TOTAL AREA: 2.8 MILLION M2
RAKEZ BUSINESS ZONETOTAL OFFICES: 1,421
AL HAMRA INDUSTRIAL ZONE
TOTAL AREA: 9.3 MILLION M2
RAKEZ ACADEMIC ZONETOTAL AREA: 3.8 MILLION M2
AL GHAIL INDUSTRIAL ZONE
TOTAL AREA: 28.2 MILLION M2
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BUSINESS ZONE
A dedicated zone for startups, entrepreneurs and SMEs
Ideal for commercial, service and consultancy businesses
Flexi Desks and Flexi Offices: modern shared and networked workstations or offices
Small to medium-sized private offices Ready or customisable office spaces
Furnished and unfurnished offices available
High-speed Internet network Accessible 24/7 and 24-hour security Advanced IT and telecommunications
infrastructure Secretarial and business centre services Value-added services provided in a one-
stop-shop50 m
1,421
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AL GHAIL INDUSTRIAL ZONE
The industrial heartland of Ras Al Khaimah Perfect for large-scale projects Choice of free zone or non-free zone entity
formation Land space for manufacturing and processing
companies Guaranteed government-supplied power, gas
and water 24/7 Close proximity to Dubai, Sharjah and other
northern emirates Proximity to different ports in RAK
Connectivity to multi-lane superhighways Availability of on-site staff and labour
accommodations Option to build own accommodation on
leased land Easy connection with utility and
communication providers Eligibility to apply for UAE Residence Visa
for investors and employees Land plots of various sizes from 5,000 m2
1000 m
28.2 MILLION M2
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AL HAMRA INDUSTRIAL ZONE
Choice of free zone or non-free zone entity formation
Proximity to the city and its services Connectivity to multi-lane superhighways Close to major logistical hubs Proximity to Dubai and RAK International
Airports Flexibility to construct facilities based on
business requirements 24-hour supply of power, water, gas and other
utilities
Availability of on-site staff and labouraccommodations
Option to build own accommodation on leased land
Eligibility to apply for UAE Residence Visa for investors and employees
Land plots of various sizes from 5,000 m2
Warehouses of various sizes from 150 m2
to unlimited sizes
1000 m
9.3 MILLION M2
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AL HULAILA INDUSTRIAL ZONE
Option to build own accommodation on leased land
Easy connection with utility and communication providers
Eligibility for apply for UAE Residence Visa for investor and employees
Land plots of various sizes from 2,500 m2
Warehouse of various sizes from 150 m2
to unlimited sizes
Land for development and state-of-the-art warehouses of different sizes for industrial projects
Flexibility to construct facilities based on business requirements
Connectivity to multi-lane superhighways Proximity to Saqr Port, the largest bulk port in
the Middle East and North Africa (MENA) region
Availability of on-site staff and labouraccommodations
1000 m
2.8 MILLION M2
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ACADEMIC ZONE
Executive offices – Ideal for education support
Consultancy and training institutes Pre-built buildings – Ideal for startup
Higher Education Providers (HEP) Land – Ideal for building a K-12
School or a University Option for leasing or building an
educational facility
A dedicated zone for education providers Professional assistance and support to ensure
smooth functioning of the institutions Provides five categories of licences including:
School/ ELC, Higher Education, Non-Academic Service Providers, Education/Support Consultancy and Training
Cost-effective solutions to offer educational programmes
1000 m
3.8 MILLION M2
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TAILORED SOLUTIONS & FACILITIES TO FIT YOUR BUSINESS NEEDS
E-COMMERCETrading in goods and services via electronic means
EDUCATIONALOpening an education-related institution or consultancy company
COMMERCIALTrading in services and goods
GENERAL TRADING
Trading in multiple goods
MEDIAOperating media-related business activities
INDUSTRIALManufacturing, importing, packaging and exporting products
INDIVIDUAL /PROFESSIONAL
One owner with one activity in a specific specialty or expertise
PROFESSIONALFor individuals who provide professional services
TOURISMOperating tourism-related activities or establishments
SERVICEConducting services or consultancies across any industry
FLEXI FACILITIES OFFICES
WAREHOUSES LAND FOR DEVELOPMENT
CUSTOMISED FACILITIES TO FIT EVERY BUSINESS NEED
Shared furnished workstations or offices Ideal for startups, SMEs and entrepreneurs Secretarial and business centre services
One-stop shop facility and value-added services Advanced IT/telecommunications infrastructure Eligibility to apply for UAE Residence Visa
FLEXI FACILITIES
STARTING FROM AED 13,500
Ready or customisable office spaces Ideal for commercial, service and consultancy businesses Secretarial and business centre services
One-stop shop facility and value-added services Advanced IT/telecommunications infrastructure Eligibility to apply for UAE Residence Visa
OFFICES
STARTING FROM AED 24,600
Customisable and available in various sizes Ideal for manufacturing, trading, assembly and logistics Availability of security and utility supplies around the clock Permanent power connectivity
Proximity to retail districts and major logistical hubs Provision for on-site staff and labour accommodation Easy access to manpower for loading and cargo Eligibility to apply for UAE Residence Visa
WAREHOUSES
STARTING FROM AED 205 / M2
Wide-ranging land sizes for development Ideal for manufacturing and projects Availability of security and utility supplies around the clock Proximity to major logistical hubs and other emirates
Provision for on-site staff and labour accommodation Well-paved roads at all locations Eligibility to apply for UAE Residence Visa
LAND FOR DEVELOPMENT
STARTING FROM AED 18 / M2
Conducting business as an international entity Foreign Ownership Dispute resolution for settlement of commercial disputes Open bank accounts locally and internationally Conducting business without corporate/personal taxes
Protecting investments in other foreign countries Simpler transfer of assets and properties held in
several countries Transfer of domiciliation or Continuation
OFFSHORE
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RAK INTERNATIONAL CORPORATE CENTRERAK International Corporate Centre (RAKICC) is a Corporate Registry operating in Ras Al Khaimah, United Arab Emirates.Responsible for the registration and incorporation of International Business Companies, as well as providing a full suite of Registry services related to International Business company activity.
COMPANY LIMITED BY SHARES TRANSFER OF DOMICILE SEGREGATED PORTFOLIO COMPANY
RESTRICTED PURPOSES COMPANY COMPANY LIMITED BY GUARANTEE UNLIMITED COMPANY
PRODUCTS AND SERVICES
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INVESTORS FROM AROUND THE WORLD
INDIA 22.7%
OTHERS 29.1%
CANADA 2.3%USA 2.3%
ITALY 2.3%RUSSIAN FED. 1.7%
LEBANON 1.5%IRAN 1.5%
UNITED KINGDOM 7.4%UAE 5.5%
SYRIA 5%
PAKISTAN 5%
FRANCE 4.1%
EGYPT 3.5%
GERMAN 3%
JORDAN 3%
CLIENTSCOUNTRIESINDIA 3,100+
UNITED KINGDOM 1,000+
UAE 750+
SYRIA 700+
PAKISTAN 700+
FRANCE 550+
EGYPT 450+
GERMAN 400+
JORDAN 400+
CANADA 300+
USA 300+
ITALY 300+
RUSSIAN FED. 250+
LEBANON 200+
IRAN 200+
OTHER 4,000+
CLIENTSCOUNTRIES
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FLOURISHING SECTORS OF RAKEZ
13,000+COMPANIES
50+SECTORS
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NATIONAL, REGIONAL, GLOBALRAKEZ operates in three locations in the UAE, and has an expanding international presence with liaison offices in India, Turkey and Germany.
RAKEZ HEADQUARTERS - RAK
RAKEZ BUSINESS CENTER - DUBAI
RAKEZ BUSINESS CENTER – ABU DHABI
INDIA RAKEZ LIAISON OFFICE – MUMBAI
TURKEY RAKEZ LIAISON OFFICE – ISTANBUL
EUROPE RAKEZ LIAISON OFFICE – COLOGNE
UAE OFFICES INTERNATIONAL OFFICES