Government of Ras Al Khaimah, UAE

THE HOME OF BUSINESS

Agenda

2

o The Emirate of Ras Al Khaimah – An overview

o RAK Free Trade Zone :

o Who we are?

o When we were set up?

o Why RAK FTZ?

o What are we offering you?

o What have we achieved since our creation?

o Licenses?

o Promotional Packages?

o How to start your business with us?

o Virtual Tour of the Free Zone?

The Emirate of Ras Al Khaimah- An Overview

3

o

o Ruler : H.H. Sheikh Saud bin Saqr Al Qasimi

o 4th largest Emirate with a total area of 2478 sq kms

o Just 85 kms from Dubai, 250 kms from the border with Oman & 65 kms away from the Iranian coast

The Emirate of Ras Al Khaimah- An Overview cont…

o Gulf’s biggest rock quarry

o One of the largest producers of cement in the Gulf region. Al Hajar range of mountains contain high quality limestone deposits

o One of the largest producers of medicines in the UAE (Julphar)

o One of the largest producers of ceramic tiles and sanitary ware in the world (RAK Ceramics)

o Region’s leading brand of mineral water (Masafi)

o Increased industrial activities with the creation of free zones and partnerships between government and foreign investors

o Thousands of small and medium scale industries in diversified sectors of manufacturing

o Emphasis on high-tech industries

The Emirate of Ras Al Khaimah- An Overview cont…

o RAK is well connected to most of the neighbouring countries by air, sea and roads

o The emirate has an excellent road network making overland trans- shipment throughout the Middle East a realistic possibility

o Excellent telecom system RAK airport is one of the six international airports in the country

o Saqr port in RAK is one of the largest bulk handling ports in the region with container handling facilities

History & Heritage of RAK

Archaeological excavations reveal that an advanced civilisation involved in trade existed in this region since 5,000 BC.

The famous Arab navigator Ahmed Ibn Majid was born around AD 1432-1437 in RAK (Julphar).

For many years, Ras Al Khaimah was famous for its pearl divers and renowned as an important port of trade with links to Asia.

In 1972, Ras Al Khaimah joined the union of the United Arab Emirates. The UAE, and particularly Ras Al Khaimah, is well known for its rich culture – folk music, folk dance and other traditional and popular art forms that embody and reflect the social and ethical values of the community.

RAK A WORLD OF VARIETIES

Strategic Location Of RAK

Strategically located south of the Strait of Hormuz, between the Far East and Europe

Ninety minutes away from the world’s sixth busiest container port, Jebel Ali Port

Total population of about two billion within a three hour flying distance

Has the largest bulk commodity port in the entire Middle East, Saqr Port, which handled nearly 27.5 million tonnes of bulk and assorted cargo in 2009. The port has 12 berths with a draft of 12.2 metres.

Economy of RAS AL KHAIMAH

RAK’s economy grew at a healthy pace of 8% in turbulent 2009 (GDP of US$ 4.3 Billion) and is forecasted to have an average growth rate of 11% over the next five years.

RAK achieved robust economic growth from 2004 through 2009, averaging 18% (Compounded Annual Growth Rate).

The forecasted GDP for 2010 per capita is USD 17,454.

Population : 241,000 (2009 figure) – projection to 750,000 inhabitants in 2020

Currency : Dirham (AED) - USD 1 = AED 3.67 or AED 1 = INR 12.5

Ras Al Khaimah recently rated as the Best Investment Destination by FDI Magazine, FT, London

UAE Free Trade Zone

What is a Free Trade Zone?

A free trade zone (FTZ) is one or more special areas of a country where some normal trade barriers, such as tariffs and quotas, are eliminated and bureaucratic requirements are lowered in hopes of attracting new business and foreign investment.

Special Advantages of UAE Free Trade Zones

100% foreign ownership

100% income and corporate tax exemption

100% capital and profit repatriation

No import and export duties.

RAK Free Trade Zone

Vision

Achieve global brand recognition as a premium investment agency where customers find optimal business solutions.

Mission

Attract and maximise the growth of high value-added, knowledge based, technologically advanced and innovative businesses to benefit Ras Al Khaimah and help companies internationalise via a global office network.

Leadership of RAK Free Trade Zone

The Vision: HH Sheikh Faisal Bin Saqr Al Qasimi, Chairman

Under his visionary leadership, RAK Free Trade Zone has enjoyed tremendous growth year after year. He was named ‘Achiever of the Year 2006’ by the Middle East Logistics Awards (MELA).

The Direction: Oussama El Omari, CEO

RAK FTZ is one of the fastest growing free trade zones in the region, with more than 7,000 licensed companies from 106 countries around the globe, and has been awarded ‘Best Emerging Free Zone’ three times in a row by MELA.

Growth of RAK Free Trade Zones

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

15 50 134 188 322653

1406 1541 1742 19101741

15 65 199 387 7091362

2768

4309

6051

7961

9702

Yearly incrementTotal number of companies

RAK FTZ Specialized Parks

Warehouses

Labour Accommodation

Close to Emirates Road

Executive Offices

Flexi Facilities

Business Centre

Administration

Land for Industrial Use

Warehouses

Close to Sea Port

Labour Accommodation

RAK FTZ Office Network

UAE Business and Promotion Centres

Business and promotion centres in Dubai and Abu Dhabi

Extend reach within the UAE

Cater to the needs of existing and potential clients based in those

Extend business reach globally

Support international marketing activities

Provide certain customer services

International Offices

Key Advantages of RAK FTZ

• Wide range of of facilities – from Flexi Facilities to large plots of land for industrial development1

• Variety of licenses 2• Cost effective alternative to Abu Dhabi and Dubai3

•Network of international offices – Dubai, Abu Dhabi, Istanbul, Cologne, Mumbai and Miami4

• Warehouses and land adjacent to port facility5• State-of-the-art IP based telecommunications

technology6• Quick and easy registration process7• 360 care approach – value-added services⁰8

Value-added Services

Affordable, value-added services designed to assist our clients with the many different steps involved in setting up and running a successful business

More than 1500 Indian Companies

Cumi Middle East FZE - Murrugappa Group

Kotak Commodities – Kotak Mahindra Ltd

Royal College of Applied Science & Technology

Birla Institute of Technology , Ranchi

Bharathi Vidhaypeeth University , Pune

Zoom developers

Facilities of Indian Companies in RAK FTZ

82%

8% 6%4%

Commercial License

Consulting

Industrial

General Trading

RAK FTZ Academy Zone

Six universities from various countries, such as France UK, India, signed-up so far

Vatel: France

Bolton University: UK

Royal College of Applied Science & Technology : India

Phase 1 – 20,000 m2 of space

Additional plots of land allocated for educationalpurposes

How Do I Set Up a Company?

Setting up a company in the UAE always involves a combination of the following:

LEGAL ENTITY

1LICENCE

2FACILITY

3

Legal Entities in RAK FTZ

FREE ZONE ESTABLISHMENT

FREE ZONE COMPANY

FOREIGN BRANCH LOCAL BRANCH

Licences

COMMERCIALImport and export up to a maximum of two categories, with a maximum of seven similar activities per category

GENERAL TRADINGImport and export with no restriction in terms of number of categories.

CONSULTANCYProvide advisory services, e.g. management consulting, industrial consulting, marketing consulting, etc

INDUSTRIALImport raw materials and manufacture, process, pack and export final product

LOGISTICS

Set up and operate a logistics hub in Technology/Industrial Park

ACADEMICSet up and operate an academic organisation in designated Academy Zone

Facilities

FLEXI FACILITIES

Shared facilities | Ready-to-use workstations | Dedicated phone number | Shared fax services | Email address | Dedicated P.O. Box number | Daily collection and distribution of mail and faxes | Guest reception services | Office management services | Parking facilities | 24/7 security

EXECUTIVE OFFICES

Fully furnished and equipped or unfurnished/empty | Sizes vary from 15 m2 up to 400 m2 | State-of-the-art IP based telephony system | Office management services | Access to business centre services | Office cleaning | 24/7 security

Facilities

WAREHOUSES

150 to 460 m2 and multiples | Close proximity to port and airport | Suitable for storing goods or for light manufacturing | Staff housing available onsite | Proximity to customs and administrative offices | 24/7 security services

LAND

Plots of various sizes (5,000 m2 min) available for industrial development | Access to sea port and airport facilities

Cost-Effective Packages

FLEXI DESK AED 18,000 PER YEAR

Time shared desk

Commercial Licence

Phone, internet, email

Registration fee

STANDARD OFFICE AED 24,040 PER YEAR

9 m2 office

Commercial Licence

Phone, internet, email

Cleaning

Electricity

Security

Administration service charge

IT services

Registration fee

WAREHOUSE AED 54,000 PER YEAR

205 m2 unit

Small office

Commercial Licence

Administration service charge

Facility maintenance deposit

Registration fee

Simple Registration Process

Required documents:

• Application form

• Project description

• Passport copy

• Bank reference letter1

Receive business

licence and start

operating your

business4

• Receive approval from RAK FTZ and related invoice

• Complete payment

2

• Receive COF

• Open bank account

3

Over 4,000 Happy Clients From Over 1,000 Countries

84% client satisfaction (clients rated our services as VERY GOOD)

RAK FTZ- The Home of Business

Make RAK Free Trade Zone your company‘s new home and enjoy the following benefits:

Cost-effective set-up packages (clear and manageable costs)

Simple regulations and procedures

Value-added services – legal consultancy, market studies, recruitment etc

A growing business environment

No income tax

No corporate tax

100% foreign ownership

No foreign exchange controls, trade barriers or quotas

No restrictions on capital or profit repatriation

Low local crime rate

Easy access to information through international promotion offices

Proximity to many of the world’s emerging markets

Some Awards & Certificates…..

We Make You Feel Home

Contact Details of the India Liaison Office :

RAK Free Trade Zone Authority (Govt of Ras Al Khaimah) – India Liaison OfficeOffice No.82, 8th Floor

Atlanta Building209 Nariman PointMUMBAI 400 021

Tel : + 91 22 2204 2223 / 24

Mobile : +91 900 475 2345

Email : india@rakftz.com

Web site : www.rakftz.com

Thank you for your attention.

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Hope to welcome you in Ras Al Khaimah, UAE soon!

hankTY ou