RAKIA OPEN FOR BUSINESS

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1 RAKIA OPEN FOR BUSINESS

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3 OMAN CONTENTS 03 Message from the CEO 04 Ras Al Khaimah Overview 06 RAKIA Overview 13 RAKIA Industrial Park - Free Zones And Non Free Zones 14 Warehouses & Light Industrial Units (LIUs) 15 Office Space 17 Staff Housing 18 Executive Residences 20 Starting a Business in RAKIA 22 Setting-up a Free Zone Company 24 Setting-up a Non Free Zone Company 26 Visa Procedures

4 The Government Must Act And Perform Like A Business Unit HIS HIGHNESS SHEIKH SAUD BIN SAQR AL QASIMI 2

5 Message from the CEO Ras Al Khaimah s transformation into one of the most exciting investment, manufacturing, trade, tourism and lifestyle destinations in the world continues to grow under the able leadership and guidance of His Highness Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah. A key indicator that reflects Ras Al Khaimah s strong socioeconomic performance is the increasing number of global companies that are investing in the emirate, while the impressive combination of premium residential and leisure amenities that continue to be built across Ras Al Khaimah reflect the excellent quality of life that is being enjoyed by citizens and residents alike. Ras Al Khaimah has remained steadfast on its commitment to promote sustainable development and economic diversification. One of the important measures implemented in line with the directives of His Highness was the establishment of the Ras Al Khaimah Investment Authority (RAKIA) in 2005 to oversee the sustainable socio-economic growth of the emirate. Within just four years of operation, RAKIA has transformed Ras Al Khaimah into a magnet of global investments with large number of local and international companies from a diverse range of industries registering with RAKIA in Al Jazerra, Al Hamra and Al Ghail Industrial and Free-Zone Parks. The economic progress we are now witnessing is indeed a sign of more positive things to come. The government reforms, the business-friendly policies and the substantial investments being made to boost the infrastructure facilities are now beginning to create a significant impact on the emirate s socioeconomic standing. I would like to thank all our investors for their trust and confidence in us and also like to assure our continuous support and attention at all times. Sincerely, For RAK Investment Authority Dr. Khater Massaad 3

6 Category Cities of the Future Category Most Business Friendly Category Best Economic Potential Category Special Economic Zones of the Future Category Best Quality of Life The verdict is out RAK most attractive for FDI Ras Al Khaimah Overview Ras Al Khaimah, one of the seven emirates that make up the United Arab Emirates, has come a long way from its humble beginning to being recognised today as one of the most attractive tourist and business destinations in the Middle East, thanks to its excellent infrastructure, investor-friendly policies and picturesque surroundings. Location Ras Al Khaimah is located at the north end of the Arabian Gulf coastline. Nestled between the Hajar Mountains on the East and the Arabian Gulf on the West, Ras Al Khaimah also shares mountainous boarders with the Sultanate of Oman. Located about 45 minutes driving distance from Dubai, the emirate is strategically located and is well connected to destinations in the Gulf countries, Europe, the US, Australia and the Far East. RAK is the closest emirate to the main shipping lane travelling the Strait of Hormuz and to markets including Pakistan, India, China and the CIS countries. six. In addition to the well-established state-run primary and secondary schools, Ras Al Khaimah boasts several private schools of international standard offering a range of curricula, including schooling under the American, British and Indian systems. The academic year in Ras Al Khaimah is from September to June, and admissions require transfer/migration certificates from the students home country schools/education departments. Healthcare Healthcare facilities in Ras Al Khaimah are truly of international standards. Be it diagnosis, treatment or patient care, hospitals in Ras Al Khaimah are equipped with state-of-the-art facilities and highly experienced doctors and support staff. In addition to the four major government hospitals and the several private hospitals and clinics in the emirate, a new hospital named RAK Hospital, which is managed by a team from Switzerland, has recently commenced operations. Education Over the past decades, Ras Al Khaimah has laid significant emphasis on education. The emirate offers free education for all UAE nationals, who are required to attend primary school from the age of 4

7 Shopping and Recreation Facilities Ras Al Khaimah is fast emerging as a shopper s paradise in the region, with a choice of ultra-modern shopping malls, hypermarkets and department stores complementing the array of recreational facilities that include parasailing, fishing, diving, wind surfing, water skiing, golfing, camel and horse riding, mountaineering, desert safaris among others. Tourism As a tourist destination, Ras Al Khaimah has been steadily attracting visitors from around the world who thoroughly enjoy the sun-kissed beaches and the beauty of the Hajar Mountains, not to mention the range of exciting outdoor sporting activities that they can take part in. Also, the RAK Government has preserved the emirate s rich cultural heritage by maintaining several old structures which hold major historical significance. The government is also promoting traditional sports such as camel racing, dhow (boat) racing and Arabian thoroughbred horse racing. frequencies and time of arrival / departure; offers competitive tariffs and storage facilities; is not congested, and has a full offering of duty-free goods, among other services. Seaport Saqr Port, located in the industrial area of Khor Khuwair, is Ras Al Khaimah s main seaport, providing bulk and container services. It has eight deep water berths, each 200 m long, is dredged to 12.2 m and has two ro-ro ramps plus specialised berths for handling bulk cement and aggregate. Other services include ship handling, crew changes and 40,000 m2 of covered storage together with a vast open storage area. Airport The Ras Al Khaimah International Airport started its operation in the year 1971, is capable of handling scheduled and chartered flights and air cargos. The airport, which is currently undergoing an upgrade, has an open skies policy with no restrictions on 5

8 RAKIA Overview Ras Al Khaimah Investment Authority (RAKIA) was established following the Emiri Decree No. (2)/ 2005 issued by H.H. Sheikh Saqr Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. RAKIA was created to boost the industrial and business opportunities and realise a long-term strategy for the emirate s socioeconomic development. Within a few years, RAKIA has attracted large number of local & international companies to RAK and importantly, is laying down the foundation to a more resilient and robust economy by gathering hundreds of foreign direct investment year-on-year. RAKIA Incentives and Key Enablers Renowned for having one of the best regulatory environments in the region, RAKIA offers a highly attractive economic package to foreign investors, which include 100 per cent income and corporate tax exemptions, full repatriation of capital and profit, readily available labour, hassle-free licensing procedures, excellent airport and seaport facilities, and the absence of foreign exchange controls, trade barriers and quotas. Moreover, Ras Al Khaimah s excellent infrastructure and logistic support, competitive energy cost, easy access to GCC countries, zero corruption and minimum bureaucracy, stable government and investor friendly policies have added to the emirate s global appeal. RAKIA Products Land for industrial activities Warehouses/light industrial units Business towers/office space Studio flats Workers accommodation Executive accommodation The primary task of RAKIA is to develop and manage the industrial zones including the free and non-free zones in Al Hamra and Al Ghail areas, which are located about 15 and 40 kilometers away from the Ras Al Khaimah City, respectively. RAKIA operates the free trade zones for foreign investors who wish to avail full ownership of their business and enjoy tax and duty exemptions. Another prime RAKIA offering is the RAKIA Business Tower, a multi-storey complex located in the Al Hamra region that houses corporate offices of clients from diverse industry segments. RAKIA is also developing warehousing/light industrial units complex of nine units in the free zone and ten within the non-free zone in Al Hamra. Moreover, workers accommodation and studio flats are now ready for use. Other RAKIA projects that have been launched to further boost Ras Al Khaimah s business environment include a 64 MW power plant in Al Ghail and another 45 MW power plant in Al Hamra, which have both recently been commissioned and put in operation. 6

9 Team RAKIA - The World is Our Oyster With a team of over 170 employees RAKIA is always ready to assist its valued investors. We are proud to have professionals who are among the best in the industry. Each employee at RAKIA has an enviable track record of expertise and efficiency. So when you do business with us, be assured of highest level of efficiency and professionalism. 7

10 RAKIA Performance Highlights RAKIA growth and performance can be gauged by taking a quick look at some of the relevant figures below : RAKIA Industrial Park, which spans 22 million sqm (leasable area) of which approximately 18 percent is Free-Zone. 5.4 million sqm has already been leased out to 233 companies so far, of which 93 per cent are into manufacturing. In response to Ras Al Khaimah s growing emergence as a top-choice business destination, RAKIA established RAKOFFSHORE and the International Business Company (IBC) conceptto address the growing demand for offshore markets, while also complementing the emirate s ongoing economic diversification program. Total No. of Licenses Up to 2009, 2571 companies were registered with RAKIA. RAKOFFSHORE is an innovative initiative that establishes a true offshore facility and regulatory body providing complete offshore non-resident business registration and financial services through registered agents, which mainly comprise reputed law firms and chartered accountants or auditing companies. Currently there are more than 50 such agents on board with 3,000 companies. The Non Free-Zone in Al Hamra, which has a total area of 2.83 million sqm, has been completely leased out to 94 companies of which 90 percent are from the manufacturing sector. The Free-Zone at Al Hamra, which has a total area of 1.89 million sqm, has been leased out to about 103 companies, of which 89 percent are from the manufacturing sector. The growth of RAKIA to a large extent is a reflection of Ras Al Khaimah s success in introducing reforms, formulating new laws and regulations and enforcing policies that are in the best interests of local, regional and international investors. 8

11 Licenses The licenses that have been issued by RAKIA depict an ideal distribution among key sectors. For instance, 22 percent of the licenses went to commercial companies; 21 percent to industrial firms; 26 per cent to consultancy & service companies; and balance to trading and media companies. Over the years,rakia has also made significant investments in technology to attract world class knowledgebased and high technology companies. Miscellaneous 5% Russia/CIS 2% Rest of M.E 20% India 28% USA 3% Asia/SE Asia 8% UAE 15% Europe 19% Overall Geographic Trend in Licenses Trading 21% Media 10% Industrial 21% Metal products 32% Food processing 2% Auto & related 3% Wood products 5% Electricals 6% Rubber & plastics 7% Consulting/Service 26% Commerical 22% Chemicals 10% Others 18% Building materials 17% Overall Licenses Trend Sector Trends in Manufacturing 9

12 RAKIA Valued Clients Company Line of Activity From Investments Year Pikko Steel Connectors Finland $10 mn 2009 Global Glass Solution Glass mfg Jordan $30mn 2009 Maico Gulf Ventilation system Germany POSCO Steel South Korea $35mn 2008 Becker Paints Paints Manufacturing France $20mn 2008 Novas Sealing Industrial Gaskets UK $10mn 2008 Kludi RAK Water Taps & Faucets Germany $30mn 2007 Kempe Engineering Industrial Equipments Australia $10mn 2007 Guardian Industries Float Glass USA $130mn 2006 Franke SS Kitchen Product Austria $55mn 2006 Ashok Leyland Bus & Truck Assembly India $50mn 2006 Kirby Steel Steel Kuwait $30mn 2006 Dabur India Herbal Products India $25mn 2006 RAK Ghani Glass Glass Containers Pakistan $25mn 2006 RAK Steel Steel Products India $25mn 2006 Mitsui Japan Heavy Fabrication Japan $150mn 2005 JBF RAK Polyester Chips & Films India $100mn 2005 Falcon Int l Blue Ray DVD Switzerland $70mn 2005 Zamil Steel Steel KSA $35mn 2005 Duscholux Sanitaryware Fittings Germany $30mn 2005 Pioneer Cements Cement India $105mn 2005 Arc International Tableware France $100mn

13 RAKIA and Corporate Social Responsibility We are committed to our people At RAKIA, we firmly believe that our people are an integral part of our success. We are committed to training and mentoring our employees at every stage, with employee welfare being the underlying objective. This commitment to continuous and long term learning unlocks individual potential and rewards achievement and performance. We are committed to our community Good corporate citizenship is central to our plans and our vision for sustainable long term growth. We believe that our success must be measured against the success of our society and the communities we serve. We continue to develop and implement the highest standards of Corporate Social Responsibility in social and community oriented projects, which complement the rapid progress in healthcare, education and environmental sustainability. and wherever possible we seek to protect and enhance the sustainability of our surrounding eco- system. We are committed to the highest standards Ever since our inception, RAKIA has been committed to the highest standards of quality and excellence, to go with our emphasis on transparency in corporate governance. The importance of maintaining superior quality standards is recognised by the entire RAKIA team, which has contributed to our overwhelming success and global appeal. We are committed to protecting the environment At RAKIA, we give utmost priority to environmental conservation. We are constantly working to reduce the impact of our operations on the environment by looking for innovative technology and latest practices to reduce adverse effects. Our developments are subject to the most stringent environmental studies, 11

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15 RAKIA Industrial Park Free Zones and Non Free Zones Located within in 45 minutes driving distance from Fujairah, Sharjah and Ras Al Khaimah, RAKIA Industrial Park is best suited for both free zone & non free zone companies registered with RAKIA. It has a dedicated power plant with a capacity of 64 MW and plot sizes starting from 5000 Sq.m and above with the option to build factories, offices, warehouses and labour accommodations within the same plot. In addition, the self contained industrial park will have warehousing facilities, common workers accommodation, commercial centres and public utilities. It is an ideal place for plastics and rubber products, engineering goods, FMCG, chemical industries, pharmaceuticals, packaging, warehousing, auto motive industries, construction industries and many more. Terms & Conditions Long term leases - up to 25 years and renewable for similar period. Lease rent as per tariff card. Electricity connection charges as per the tariff of FEWA/ Al Ghail Power. All utility charges as per consumption. Maximum built up area up to sixty percent of the total plot area. NON FREE ZONE FREE ZONE Note: The detailed Map is provided as an insert 13

16 Warehouses & Light Industrial Units (LIUs) & Cold Storages Located in Jazeera- Al Hamra and Ras Al Khaimah Khour Port, these pre-built units are best suited for warehousing & light manufacturing companies. Size of each slot within a unit is approximately 311 sq.m and area of each unit is approximately 10,000 sq.m. Each unit is provided with a minimum electric load of 15 KW (additional load provided on request) with labour / staff accommodations constructed nearby. The warehouses have adequate space for trailer and car parking. Cold storages have compartmental chillers, freezers and autoramp facilities. Terms & Conditions On Annual Lease. Lease rent as per RAKIA tariff card. Long term lease with fixed rent increments of 15% once in 2 years. Payment of full one year rental at the time of signing of the lease agreement. All utility charges like water & electricity are as per actual consumption and to be paid by the tenant. Services and maintenance will be taken care of by RAKIA/RAK warehousing. Region Number of Units Dimension Height Avg. Size of each Slot Jazeera-Al Hamra Warehouse/ LIUs x 25 Sq.m Middle- 6.5 m Side- 5 m Sq.m* Khour Port 7 54 x 36 Sq.m Middle- 10 m 1944 Sq.m Warehouse/ LIUs 4 42 x 36 Sq.m Side- 8 m 1512 Sq.m Cold Storage 2 42 x 36 Sq.m 6 m 1512 Sq.m (divided into 7 compartments) * Corner slots are smaller in size to accommodate common toilets 14

17 Office Space Located close to Emirates Road, Government offices and a health centre, and within 45 minutes driving distance from Dubai, RAKIA Office Space (Ground plus one plus twelve floors twin tower) offers glorious sea views and a cost effective and state of the art business space solution for services oriented companies. With a total floor area of approx. 29,000 Sq.m., it is ideal for commercial companies looking for a fully linked digital office. It also hosts world class educational institutions. offering business and skill development courses for employees in the region. It offers a retail as well as commercial space. Space is available for banks, ATMs, restaurant, super market and food court on ground floor. It is centrally air-conditioned and has parking space with round the clock security services. Terms & Conditions Area starting from 300 sq.ft. Lease rent as per tariff card The lease term will initially be for two years, renewable yearly with two months notice period Utilities cost as per usage and to be paid by the client. RAKIA offers flexi offices or shared work station and executive offices. These are fully furnished office space for SME s available on short to long term leases depending upon the needs of business. The Business Centre itself offers other facilities including meeting rooms, board rooms, teleconferencing facilities, centralized printing, photocopying, translation, guest services etc., Flexi Offices are ideal for businesses, which need a fully functional office, yet do not want to incur the capital expense of setting up a fully functional office. 15

18 COMMERCIAL SPACE COMMERCIAL SPACE COMMERCIAL SPACE Ground Floor COMMERCIAL SPACE COMMERCIAL SPACE COMMERCIAL SPACE Upper Ground Upper Floors 1-12 Floor TOWER 2 TOWER 1 16

19 Staff Housing Centrally located inside Al Hamra Industrial Park, RAKIA studio flats have 10 shops on ground floor with 160 studio apartments on the upper four floors with 24 hours security. Floor plan: Ground Floor Terms & Conditions Shop size starting from 110 sq.m and above. Size approximately 33 sq.m. Lease rent as per tariff card. The lease term will be initially for two years, renewable after every two years with 15% increase in lease rent with 2 months notice period. Utilities cost as per usage and to be paid by the client. Typical Upper Floors (Studio Flats) No. of Rooms/Area in each Floor Floor Type No Of Rooms & Flats Approx. Area Ground Floor Commercial Space Sq.m First Floor Studio Flat Sq.m Second Floor Studio Flat Sq.m Third Floor Studio Flat Sq.m Fourth Floor Studio Flat Sq.m 17

20 Executive Residences In order to provide good and affordable living, RAKIA has built Executive Residences. The residences are centrally located with easy access to Emirates Road, RAKIA Amenity Centre & Al Hamra Mall, Industrial Zones, RAK City and nearby emirates. The available living options include studio rooms, 1 BR & 2 BR Apartments. All the options come with 24 hours security, car parking facility, garden & children area and are supported by a dedicated management office. Terms & Conditions Available on annual basis (refer RAKIA tariffs). The lease term will be initially for two years, renewable after every two years with 15% increase in lease rent with 2 months notice period for renewal. Yearly maintenance charges - 5% of the annual lease rent. Utilities cost as per usage and to be paid by the client. Centralized Facility Management. Studio One Bed Room Two Bed Rooms 18

21 For Investor queries, Call: Fax: info@rakinvestmentauthority.com 19

22 Starting a Business in RAKIA RAKIA is ONE STOP SHOP for all the investor needs, providing statutory support like issue of licenses and company formation, project approvals, investor s visa, design approvals and construction permits, occupancy certificates etc. in addition to providing land for industrial activities, warehouses and industrial sheds, office space, labour and executive residences. Following steps are to be followed by a client to form a company in RAKIA Select the type of company to be established i.e. Free Zone [Free Zone Establishment (FZE), Free Zone Company (FZ-LLC) or Branch] or Non Free Zone [Single Owner, Limited Liability Company (LLC) or Branch] Select the type of license depending on the type of activity e.g. Industrial, Commercial, Trading, General Trading, Service or Media. Select the facility required like land, plot, warehouse, LIU, office space, flexi desk, labour accommodation, commercial centre, executive residences etc. Fill up the application form and submit along with all necessary documents. Once the application form is approved submit necessary fees for license/company formation, lease (if any) and legal documents as per the registration type. Difference Between Free Zone & Non-Free Zone Key Differentiators Free Zone Non-Free Zone Foreign Ownership 100% Foreign Ownership 51% Local Partner required Income & Corporate Tax 100% Tax Free 100% Tax Free Business Horizon Meant for export, however entities in Free Zones can sell their products within UAE through local distributor or agent licensed in UAE. For such sales normal custom duty is levied. Free to do business within UAE Capital & Profit Repatriation 100% Allowed 100% Allowed Hiring of Expatriates No restrictions Local labor laws will apply 20

23 Types of Licenses Issued by RAKIA The type of license(s) depends on the type of activities. License Type Industrial License Trading License General Trading Commercial License Consulting / Services License Media License Activities Covered Manufacturing, processing, assembling, packaging etc. Import, export, distribution, warehousing, trading (maximum five activities from similar product lines or three different activities from two different product lines). All kinds of trading, import, export, warehousing and distribution of goods Activities covering contracting, repairing, maintenance, renting, shops, restaurants etc., Any type of management, business, industrial consultancy or professional services including real estate consulting. All kinds of media and communication services. Types of Entities Registered Under RAKIA Entity Type Establishment (FZ/IZ) Limited Liability Company (FZ-LLC/LLC) Foreign or Local Branch Explanation This can be formed only by one shareholder, either an individual (a person) or a nonindividual (a company). This type of company can be formed by a minimum of two or more partners. The partners can be individuals (people), non-individuals (companies) or a combination of individuals and companies. Licenses under this category are issued to companies holding a valid license from any licensing authority either in UAE or outside UAE. Clients whose activities fall under different categories will be issued separate licenses for each category (e.g. a licensee who is carrying out both trading and manufacturing will be issued two licenses, one for trading and the other for manufacturing) whenever possible, a separate lease will be drawn for each activity. 21

24 Setting-Up A Free Zone Company Single Owner (Establishment) Two or More Partners (Limited Liability Company) Branch File application for license along with necessary documents for approval File application for license along with necessary documents for approval File application for license along with necessary documents for approval Name approval from RAKIA LEGAL section Name Approval from RAKIA LEGAL section In case any property is required, check the availability Prepare the invoice for license/ lease & submission of fees to Accounts Dept Prepare the invoice for license/ lease & Submission of fees to Accounts Dept, In case any property is required, check the availability Prepare the invoice for license/ lease & Submission of fees to Accounts Dept Prepare the lease contract Preparation of license and registration with Chamber of Commerce* * * Issuance of bank letter for opening * * Collection of Bank letter on confirmation of depositing minimum share capital Preparation of license and registration with Chamber of Commerce* Signing of license (by CEO)/ lease contract (by Legal/GM) Issuance of license certificate of incorporation & chamber of commerce registration certification and lease contract Prepare the lease contract Preparation/Signing of MOA * * Issuance of bank letter for opening company account * * Collection of Bank letter on confirmation of depositing minimum share capital Preparation of license and registration with Chamber of Commerce* Signing of license (by CEO)/ lease contract (by Legal/GM) Issuance of certificate of incorporation, license, MOA & chamber of commerce registration certificate and lease contract Signing of license (by CEO)/ lease contract (by Legal/GM) Issuance of license certificate of incorporation & chamber of commerce registration certification and lease contract Licensing & Leasing Department Activity Legal Department Activity Accounts Department Activity * The Chamber of Commerce membership is mandatory for Industrial licenses. For other licenses it is optional ** Required for Industrial and Contracting companies only 22

25 Documents for Free Zone Companies Single Owner (Establishment) Two or More Partners (Limited Liability Company) Branch (Foreign/ Local) Application Form Application Form Application Form Business Plan (For industrial licenses) Business Plan (For industrial and trading licenses) Business Plan (For industrial licenses) Professional & Experience Certificate (For professional /Consultancy/ Services licenses) Professional & Experience Certificate (For professional /Consultancy/ Services licenses) Passport Copy of Owner/Manager Passport Copy of Owner/Manager Passport Copy of Owner/Manager Bank statement of the last 3months (Original) Certificate of incorporation * (Attested & Notarized) Memorandum of Association & Articles of Association * (Attested & Notarized) Board resolution to Set Up Branch * (Attested & Notarized) Power of Attorney Appointing Representative * (Attested & Notarized) Additional documents may be submitted if required *The documents from outside UAE are required to be attested or legalized by UAE or GCC or Arab embassies in the country from which the documents originate. 23

26 Setting-Up A Non Free Zone Company Single Owner (Establishment) Two or More Partners (Limited Liability Company) Branch File application for license along with necessary documents for approval File application for license along with necessary documents for approval File application for license along with necessary documents for approval Name Approval from Economic Department Name Approval from Economic Department In case any property is required, check the availability Prepare the invoice for license/lease and submission of fees to Accounts dept. Prepare the invoice for license/lease and Submission of fees to Accounts Dept. Issuance of bank letter for opening Company Account Collection of Bank letter on confirmation of depositing minimum share capital Preparation of license and registration with Chamber of Commerce*, Economic dept and Municipality Signing of license (by CEO)/ lease contract (by Legal/GM) In case any property is required, check the availability Prepare the lease contract Prepare the invoice for license/ lease & Submission of fees to Accounts dept Preparation/Signing of MOA Issuance of bank letter for opening company account Collection of Bank letter on confirmation of depositing minimum share capital Preparation of license and registration with Chamber of Commerce*, Economic dept and Municipality Signing of license (by CEO)/ lease contract (by Legal/GM) Prepare the lease contract Investor s presence is required for notarization of MOA in case of local partner is not RAKIA Preparation of license and registration with Chamber of Commerce, Economic dept and Municipality Signing of license (by CEO)/ lease contract (by Legal/GM) Issuance of license chamber of commerce and Economic Dept registration certificate and lease contract Licensing & Leasing Department Activity Legal Department Activity Accounts Department Activity Issuance of license chamber of commerce and Economic Dept registration certificate and lease contract Issuance of license chamber of commerce and Economic Dept registration certificate and lease contract 24

27 Documents for Non-Free Zone Companies Single Owner (Establishment) Two or More Partners (Limited Liability Company) Branch (Foreign/ Local) Application Form Application Form Application Form Business Plan (For industrial licenses) Business Plan (For industrial licenses) Business Plan (For industrial licenses) Professional & Experience Certificate (For professional /Consultancy/ Services licenses) Passport Copy of Owner/Manager or Copy of the Book of Nationality (for UAE National only) Bank certificate (for capital contribution) (Original) Professional & Experience Certificate (For professional /Consultancy/ Services licenses) Passport Copy of Owner/Manager or Copy of the Book of Nationality (for UAE National only) Bank certificate (for capital contribution) (Original) Passport Copy of Owner/Manager or Copy of the Book of Nationality (for UAE National only) Bank statement of the last 3 months (Original) Certificate of incorporation * (Attested & Notarized) Memorandum of Association & Articles of Association * (Attested & Notarized) Board resolution to Set Up Branch * (Attested & Notarized) Power of Attorney Appointing Representative * (Attested & Notarized) Additional documents may be submitted if required * The documents from outside UAE are required to be attested or legalized by UAE or GCC or Arab embassies in the country from which the documents originate. 25

28 Visa Procedures Obtaining Visit /Employment Permit STEP - 1 (ONLY FIRST TIME) COLLECT: Your Company s Immigration File Number from RAKIA STEP 2 SUBMIT: Visa Application Forms duly filled, copy of company License, valid passport copy along with two (2) passport sized colour photographs (with white background) and the appointment letter of each applicant to RAKIA Operations & Personnel Departments in order to obtain visa(s) approval (Please download following Visa Application Forms form ): The term company includes establishment ) FORM A Visa Check List FORM B Visa Declaration Form ( signed and stamped by CEO or authorized official) FORM C- Visa Request Form FORM D - Visa List Declaration Letter ( signed and stamped by CEO or authorized official) Work Contract (signed by the employee & CEO with company stamp) SUBMIT: Visa(s) Fees to RAKIA Accounts Department Note: For first time application, company needs to submit details of its authorized PRO along with his/her photograph, valid residence visa copy and specimen signatures approved by the CEO/Manager of the company. STEP 3 TYPING: SUBMIT: Get all your visa applications typed through a registered typing centre (company s immigration file number is required) Typed application along with RAKIA approved documents and payment receipts for visas to RAKIA Visa Section for obtaining visit/employment permit Note: For applying visit visas, please also submit bank guarantee and health Insurance for the applicant. STEP 4 COLLECT: SUBMIT: Visit/ Employment Permit from RAKIA Visa Section Original visit/employment permit at the Airport at-least two (2) days before the arrival of concerned employee (RAKIA also facilitates submission of visit/employment permit(s) at the Airport on request) Note: The investor shall send one copy of visit/employment permit to the employee to facilitate his/her travel and instruct employee to collect original at the Airport while entering UAE. 26

29 Obtaining Residence/ Work Visa STEP - 1 TYPING: MEDICAL: COLLECT: FINGER PRINT: Get the medical and finger print documents of each employee typed through a registered typing centre Send relevant employee(s) for medical check up to a registered medical practitioner Medical Report(s) through Em-post and get finger printing date for the concerned employee(s) from RAKIA Visa Section in order to send them for finger printing Send the concerned employee(s) for finger printing (medical report is a must for finger printing) Note: For both Medical and Finger printing you need typed applications, two photos, copy of employment permit and passport copy of each employee (for finger printing you need medical report as well). STEP - 2 TYPING: SUBMIT: Get the Application for residence visa stamping typed through a registered typing centre Application for residence visa, along with medical / finger printing reports, 2 colored photographs (with white background), original employment permit, and original passport of each employee to RAKIA Visa Section for getting residence stamp on the Passport. STEP - 3 SUBMIT: COLLECT: Letter stating that company assumes all responsibility for the passports of all its employees Original Passport of each employee with a Residence Visa stamped for 3 years 27

30 Category Cities of the Future Category Most Business Friendly Category Best Economic Potential Category Special Economic Zones of the Future Category Best Quality of Life The verdict is out. Ras Al Khaimah Investment Authority has been honoured by the prestigious Financial Times Group with the FDi (Foreign Direct investment) award for introducing RAK as the most attractive investment destination in the Middle East. The Award has been conferred after a thorough evaluation on various benchmarks from sound business strategy to exemplary service standard. A honour of this stature for the world s youngest business hub in UAE speaks volumes for RAK Investment Authority and consolidates our resolve even further to put RAK on the global map of enterprise, progress and growth For Investor queries, Call: Fax: info@rakinvestmentauthority.com 28

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33 RAK Investment Authority Government of Ras Al Khaimah, P.O. Box: 31291, U.A.E Tel: Fax: info@rakinvestmentauthority.com RAKIA Office in Germany Leiterin Buero Deutschland/Oesterreich Rathenauplatz 2, Frankfurt Tel: Fax: info@rakiaeurope.com RAKIA Office in France 29 Rue de Bassano, , Paris Tel: + 33 (0) Fax: + 33 (0) e.rutman@rakinvestmentauthority.com