INTRODUCTION TO RAS AL KHAIMAH ECONOMIC ZONE

Transcription

1 INTRODUCTION TO RAS 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 Qasimi UAE Supreme Council Member and Ruler of Ras Al Khaimah RAS AL KHAIMAH ECONOMIC ZONE 2

3 RAS AL KHAIMAH IS PART OF THE UNITED ARAB EMIRATES Ras 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)* *2016 estimates from RAK Centre for Statistics & Studies UNITED ARAB EMIRATES RAS AL KHAIMAH ECONOMIC ZONE 3

4 SUBSTANTIAL LOGISTICAL ADVANTAGES LAND SEA 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. RAS AL KHAIMAH ECONOMIC ZONE 4

5 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 Q Adjacent to large Free Zone area (RAK Maritime City) with waterside access RAS AL KHAIMAH ECONOMIC ZONE 5

6 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 RAS AL KHAIMAH ECONOMIC ZONE 6

7 LESS THAN AN HOUR S DRIVE FROM DUBAI INTL AIRPORT 4 HOUR FLIGHT TIME TO 31% OF THE WORLD S POPULATION 8 HOUR FLIGHT TIME TO 76% OF THE WORLD S POPULATION RAS AL KHAIMAH ECONOMIC ZONE 7

8 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

9 ceramics and glass from Ras Al Khaimah were used to build the tallest building in the world, Burj Khalifa. Ras Al Khaimah rocks were used to build the iconic Palm Jumairah. DID YOU KNOW THAT 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.

10 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 RAS AL KHAIMAH ECONOMIC ZONE 10

11 PLAY LIVE WORK

12 KEY ADVANTAGES: LOWER COSTS & HIGHER RETURN ON INVESTMENT COST OF SETTING UP A BUSINESS COST OF RUNNING A BUSINESS COST OF LIVING 25-50% LOWER THAN NEIGHBOURING REGIONS RAS AL KHAIMAH ECONOMIC ZONE 12

13 COSTS OF LIVING AND SETTING UP A BUSINESS IN RAK START FROM APARTMENTS COST PER MONTH HOTEL STAY PER NIGHT EDUCATION FEES PER YEAR AED 2,450 USD 667 AED 250 USD 68 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 RAS AL KHAIMAH ECONOMIC ZONE 13

14 STARTING A BUSINESS IN RAS AL KHAIMAH FREE ZONE ENTITY NON-FREE ZONE ENTITY OFFSHORE 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 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 RAS AL KHAIMAH ECONOMIC ZONE 14

15 RAS AL KHAIMAH ECONOMIC ZONE Based 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 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 2000 FOUNDED 2005 GOVERNING AUTHORITY 2017 RAS AL KHAIMAH ECONOMIC ZONE 15

16 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 m 2 His Highness Sheikh Ahmed bin Saqr Al Qasimi Chairman, Ras Al Khaimah Economic Zone, Ras Al Khaimah Free Trade Zone & RAK Investment Authority Member of Ruling Family of Ras Al Khaimah RAS AL KHAIMAH ECONOMIC ZONE 16

17 RAKEZ ADVANTAGES 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

18 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

19 TURN KEY SOLLUTION TO INVESTORS OF THE WORLD LAND PLOTS OF VARIOUS SIZE FOR DEVELOPMENT PROXIMITY TO SEA PORT MULTI LANE SUPER HIGHWAYS CONNECTING TO UAE & GCC CUSTOMISABLE WAREHOUSE FACILITIES STORAGE FACILITY OF INTERNATIONAL AIRPORT ON SITE STAFF & LABOUR ACCOMMODATION UNITED ARAB EMIRATES RAS AL KHAIMAH ECONOMIC ZONE 19

20 SETTING UP A BUSINESS IS AS EASY AS 1, 2, 3 1 CUSTOMISE YOUR PACKAGE 2 SUBMIT APPLICATION & DOCUMENTS 3 PROCEED WITH PAYMENT & RECEIVE YOUR BUSINESS LICENCE With the help of our expert business set-up consultant, you will select your suitable legal entity, licence type and facility. Through business set-up consultant, website or agents Our business set-up consultant will guide you from filling out your application all throughout submission, ensuring that all requirements are met. Through business set-up consultant, portal or agents 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. Get your licence within 24 hours RAS AL KHAIMAH ECONOMIC ZONE 20

21 SPECIALISED ECONOMIC ZONES CATERING TO YOUR INDIVIDUAL BUSINESS REQUIREMENTS AL HULAILA INDUSTRIAL ZONE TOTAL AREA: 2.8 MILLION M 2 RAKEZ BUSINESS ZONE AL HAMRA INDUSTRIAL ZONE TOTAL AREA: 9.3 MILLION M 2 TOTAL OFFICES: 1,421 RAKEZ ACADEMIC ZONE TOTAL AREA: 3.8 MILLION M 2 AL GHAIL INDUSTRIAL ZONE TOTAL AREA: 28.2 MILLION M 2 RAS AL KHAIMAH ECONOMIC ZONE 21

22 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 onestop-shop 1, m RAS AL KHAIMAH ECONOMIC ZONE 22

23 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 m MILLION M m RAS AL KHAIMAH ECONOMIC ZONE 23

24 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 labour accommodations 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 m 2 Warehouses of various sizes from 150 m 2 to unlimited sizes 9.3 MILLION M m RAS AL KHAIMAH ECONOMIC ZONE 24

25 AL HULAILA INDUSTRIAL ZONE 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 labour accommodations 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 m 2 Warehouse of various sizes from 150 m 2 to unlimited sizes 2.8 MILLION M m RAS AL KHAIMAH ECONOMIC ZONE 25

26 ACADEMIC ZONE 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 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 1000 m 3.8 MILLION M 2 RAS AL KHAIMAH ECONOMIC ZONE 26

27 TAILORED SOLUTIONS & FACILITIES TO FIT YOUR BUSINESS NEEDS COMMERCIAL EDUCATIONAL E-COMMERCE GENERAL TRADING Trading in services and goods Opening an education-related institution or consultancy company Trading in goods and services via electronic means Trading in multiple goods INDIVIDUAL / PROFESSIONAL INDUSTRIAL MEDIA PROFESSIONAL One owner with one activity in a specific specialty or expertise Manufacturing, importing, packaging and exporting products Operating media-related business activities For individuals who provide professional services SERVICE TOURISM Conducting services or consultancies across any industry Operating tourism-related activities or establishments RAS AL KHAIMAH ECONOMIC ZONE 27

28 FLEXI FACILITIES OFFICES CUSTOMISED FACILITIES TO FIT EVERY BUSINESS NEED WAREHOUSES LAND FOR DEVELOPMENT

29 FLEXI FACILITIES 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 STARTING FROM AED 13,500

30 OFFICES 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 STARTING FROM AED 24,600

31 WAREHOUSES 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 STARTING FROM AED 205 / M 2

32 LAND FOR DEVELOPMENT 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 STARTING FROM AED 18 / M 2

33 OFFSHORE 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

34 RAK INTERNATIONAL CORPORATE CENTRE RAK 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. PRODUCTS AND SERVICES COMPANY LIMITED BY SHARES TRANSFER OF DOMICILE SEGREGATED PORTFOLIO COMPANY RESTRICTED PURPOSES COMPANY COMPANY LIMITED BY GUARANTEE UNLIMITED COMPANY RAS AL KHAIMAH ECONOMIC ZONE 34

35 INVESTORS FROM AROUND THE WORLD UNITED KINGDOM 7.4% UAE 5.5% INDIA 22.7% SYRIA 5% PAKISTAN 5% COUNTRIES CLIENTS INDIA 3,100+ COUNTRIES CLIENTS JORDAN 400+ UNITED KINGDOM 1,000+ CANADA 300+ FRANCE 4.1% UAE 750+ USA 300+ EGYPT 3.5% SYRIA 700+ PAKISTAN 700+ ITALY 300+ RUSSIAN FED GERMAN 3% FRANCE 550+ LEBANON 200+ OTHERS 29.1% JORDAN 3% CANADA 2.3% USA 2.3% ITALY 2.3% RUSSIAN FED. 1.7% LEBANON 1.5% IRAN 1.5% EGYPT 450+ GERMAN 400+ IRAN 200+ OTHER 4,000+ RAS AL KHAIMAH ECONOMIC ZONE 35

36 FLOURISHING SECTORS OF RAKEZ 13,000+ COMPANIES 50+ SECTORS RAS AL KHAIMAH ECONOMIC ZONE 36

37 SELECTION OF OUR SUCCESSFUL CLIENTS RAS AL KHAIMAH ECONOMIC ZONE 37

38 STRATEGIC PARTNERS RAS AL KHAIMAH ECONOMIC ZONE 38

39 NATIONAL, REGIONAL, GLOBAL RAKEZ operates in three locations in the UAE, and has an expanding international presence with liaison offices in India, Turkey and Germany. UAE OFFICES RAKEZ HEADQUARTERS - RAK INTERNATIONAL OFFICES INDIA RAKEZ LIAISON OFFICE MUMBAI RAKEZ BUSINESS CENTER - DUBAI TURKEY RAKEZ LIAISON OFFICE ISTANBUL RAKEZ BUSINESS CENTER ABU DHABI EUROPE RAKEZ LIAISON OFFICE COLOGNE RAS AL KHAIMAH ECONOMIC ZONE 39

40 THANK YOU