rak investment authority your business...

16
RAK INVESTMENT AUTHORITY YOUR BUSINESS DESTINATION

Upload: others

Post on 22-Apr-2020

2 views

Category:

Documents


0 download

TRANSCRIPT

RAK INVESTMENT AUTHORITY YOUR BUSINESS DESTINATION

1

2

Ras Al Khaimah (RAK), one of the seven emirates of

the United Arab Emirates (UAE), has become one of

the most sought-after locations for living, leisure

and businesses to prosper.

The emerging emirate has affordable properties,

world-class hospitality projects and easy access to

other emirates, making it a preferred choice among

families, business owners, and foreign investors.

As the UAE’s first point of entry in the Arabian Gulf,

RAK is well-located and connected to destinations

in the Gulf Corporate Council (GCC) countries and

Middle East and North Africa (MENA) region. RAK’s

strategic location provides access to emerging and

well-established markets in the region.

The emirate today has risen from its humble

beginnings to being recognised as one of the most

attractive industrial and business destinations in the

Middle East.

RAS AL KHAIMAH

3

45 min

. driv

e

Ras Al Khaimah

Abu Dhabi

Dubai

Fujairah Port

Saqr Port

Hamriyah Port

Jebel Ali Port

4

Choice of free zone or non-free zone formation

Low cost of business set-up and operations

Ease of doing business

100% tax exemptions (no corporate or personal taxes)

100% foreign ownership in free zone companies

RAK Investment Authority (RAKIA) is a leading business destination committed to providing a pro-business

environment, regulatory stability and robust infrastructure in the emirate of Ras Al Khaimah in the UAE. Comprised

of two dedicated industrial parks, a combined area of 30-million square meters, RAKIA provides hassle-free business

setup, state-of-the-art facilities and economical solutions to help clients compete regionally and globally.

RAKIA presents a wide range of solutions and services, adhering to constantly meeting the requirements of its clients.

Owing to the strategic advantages and investor-oriented policies, RAKIA is home to over 500 manufacturers and

thousands of SMEs. These advantages include:

RAK INVESTMENT AUTHORITY

100% repatriation of capital and profits

Easy access to strategic markets in the MENA Region

31% of world’s population in 4-hour flying radius

Proximity to express highways, seaports and airports

National railway network to be completed by 2018

5

FACILITIES

INDUSTRIAL LAND

RAKIA provides land on long-term, renewable

lease for industrial ventures in its two industrial

parks in Al Hamra and Al Ghail in RAK.

Land plots begin from 5000m2 with 24-

hour supply of power, water, gas and other

utilities. Investors are permitted to construct

warehouses, offices and staff accommodation

on leased land.

6

WAREHOUSES

For the benefit of companies engaged in

trading, warehousing, assembling, packaging

and light manufacturing activities, RAKIA

offers warehouses in different sizes for both

free zone and non-free zone jurisdictions.

Warehouse sizes begin from units of 311m2.

Investors are permitted to construct offices

within the pre-built warehouses.

7

FACILITIES

OFFICES

RAKIA offers offices that are ideal for

businesses with mid- to long- term plans in the

region. The offices are of various sizes ranging

between 8m2 to 30m2.

Branch offices, manufacturing units and

service entities can benefit from premium

office spaces at competitive rates.

8

FLEXI FACILITIES

RAKIA offers business start-up packages

that are cost-effective options for business

professionals who require solutions on a time

slot basis, perfect for startups wanting to

explore the market.

The packages include shared workstations,

private e-mail accounts, high speed internet

connection and a common fax number with

fax handling services.

9

10

COMPANY FORMATION

Company formation in RAKIA involves the following:

*Suitable for non-free zone companies

BUSINESS FACILITIES

Industrial Land

Warehouses

Offices

Flexi Facilities

LICENCE TYPES

Industrial

Trading

General Trading

Commercial

Consulting/Service

Media

LEGAL ENTITIES

Establishment*

Limited Liability Company (LLC)*

Free Zone Establishment (FZE)

Free Zone Limited Liability Company (FZ LLC)

Local or Foreign Branch

11

*We provide Local Sponsorship for non-free zone offerings within our parks based on selective criteria.

BUSINESS TYPES

RAKIA is very unique in that it offers the choice of setting up a free zone company or a non-free zone company, depending

on the requirements of the clients.

FREE ZONE COMPANIESMay be 100% foreign owned, and operate under more liberal free zone regulations.

FREE ZONE 100% FOREIGN

OWNERSHIP

SUBSIDIARY

FREE ZONE ESTABLISH-

MENT

FREE ZONE COMPANY

BRANCH

NON-FREE ZONE COMPANIESMust be established as joint ventures with a UAE National sponsor. Foreign investors are generally limited to 49% ownership.

NON FREE ZONE*

51%/49% OWNERSHIP

PRIVATE JOINT STOCK

COMPANY

JOINT VENTURE

LIMITED LIABILITY

COMPANY

PUBLIC JOINT STOCK

COMPANY

12

RAKIA follows a simple 3-step business formation procedure:

*Certain activities may be subject to approval from external authorities.

BUSINESS REGISTRATION

1 CUSTOMISE YOUR PACKAGE

Select your legal entity, licence type and facility.

2 SUBMIT APPLICATION AND DOCUMENTS

A business development consultant will guide you through the process of filling out the documents in order

to ensure that all requirements are met. Our team will review the submitted documents and facilitate the

necessary approvals*. You will be contacted for either additional information or for completing the process by

proceeding with payment.

3 ISSUANCE OF BUSINESS LICENCE

Your business licence and lease agreement will be issued to you upon completion of all the necessary steps.

13

UAE RESIDENCE VISA

In order to help our registered clients live, work and

operate their businesses in the UAE, RAKIA provides visa

sponsorship services. The eligibility of visas for a licensed

company depends on its facilities and scale of operation.

RAKIA offers three categories of visa; investor, partner and

employment.

SERVICES

BUSINESS SERVICES

In addition to the business facilities offered, RAKIA also

provides customised business support services to facilitate

clients’ business operations.

Services include access to the conference room, business

lounge for networking and executive meetings, high speed

internet and any additional administrative assistance.

14

A SELECTION OF OUR PARTNERS

RAK INVESTMENT AUTHORITY GOVERNMENT OF RAS AL KHAIMAH

CALL: 800 RAKIA or +971 7 206 8666 | VISIT: www.rakia.ae