Transcript Presentation - Arab-Belgian-Luxembourg Chamber of Commerce

INVESTMENT OPPORTUNITIES IN THE
UNITED ARAB EMIRATES AND RAS AL KHAIMAH
by
Gulay Avci / Regional Manager of RAK Free Trade Zone
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08 April 2016
WELCOME TO THE UNITED ARAB EMIRATES
The stability, security and safety of the UAE, combined with its infrastructure, logistics services and
strategic geographic location, make it a perfect launch pad to a wide variety of markets across the
world.
▸ Europe
▸ Middle East
▸ Africa & South Asia
31% of World’s
Population
76% of World’s
Population
Within Easy Flight
11% of World’s
GDP
4 hours
53% of World’s
GDP
8 hours
2
WORLD-CLASS INFRASTRUCTURE
Proven infrastructure in the UAE eases supply chain barriers. UAE has extremely well developed
transport, water, electricity, and telecommunications infrastructure. In addition, the UAE is investing
USD $81 Billion in additional enhancements to its world class infrastructure.
USD $11 Billion
▸ Etihad Rail
USD $44 Billion
▸ DWC Al Maktoum
▸ DXB Expansion
▸ RAK Airport
USD $36 Billion
▸ Abu Dhabi - Khalifa Port
▸ Dubai - Jebel Ali
▸ RAK - Saqr Port
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TOP GLOBAL RANKING FOR LOGISTICS
The UAE is currently ranked 17th in the World Bank’s Logistics Performance Index (LPI), and
ranked within the top 20 in all six LPI categories.
Top 20
LPI Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
LPI Categories
Country
Region
Singapore
Hong Kong
Finland
Germany
Netherlands
Denmark
Belgium
Japan
United States
United Kingdom
Austria
France
Sweden
Canada
Luxembourg
Switzerland
UAE
Australia
Taiwan China
Spain
SE Asia
SE Asia
Europe
Europe
Europe
Europe
Europe
SE Asia
N. America
Europe
Europe
Europe
Europe
N. America
Europe
Europe
Middle East
SE Asia
SE Asia
Europe
On Time Delivery
Customs and Border
Efficiency
Ease of Arranging
Shipments
Ranked 13th
Ranked 15th
Ranked 15th
Quality of
Infrastructure
Quality of
Logistics Services
Track & Trace
Ranked 17th
Ranked 17th
Ranked 18th
The Logistics Performance Index (LPI) is a benchmarking
tool based on a worldwide survey ranking the logistics
“friendliness” of the countries heavily involved in trade.
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RANKED NO. 1 AMONG EMERGING MARKETS
LPI Rank Country
Logistics efficiency makes the UAE the best
positioned country to enable companies to enter
emerging markets.
Reducing supply chain barriers to trade could
increase GDP up to six times more than
removing tariffs. The effects of reducing
barriers are not gradual; changes occur when
tipping points are reached.
Source: World Economic Forum
17
33
37
48
62
70
26
45
46
95
21
27
47
59
41
50
57
137
71
135
23
108
121
122
138
141
UAE
Qatar
Saudi Arabia
Bahrain
Oman
Kuwait
China
Brazil
India
Russia
S. Korea
Turkey
Mexico
Indonesia
Tunisia
Morocco
Egypt
Libya
Pakistan
Afghanistan
South Africa
Ghana
Nigeria
Kenya
Angola
Ethiopia
Economic Group
GCC
GCC
GCC
GCC
GCC
GCC
BRIC
BRIC
BRIC
BRIC
MIST
MIST
MIST
MIST
North Africa
North Africa
North Africa
North Africa
South Asia
South Asia
Sub-Saharan Africa
Sub-Saharan Africa
Sub-Saharan Africa
Sub-Saharan Africa
Sub-Saharan Africa
Sub-Saharan Africa
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STABLE AND DIVERSIFIED BANKING SYSTEM
▸ Financial and monetary stability & sophisticated banking system
▸ Extensive credit facilities
▸ Various choices of financial service providers
▸ 28 foreign international banks
▸ 23 local UAE banks
▸ Sharia compliant Islamic Banking
▸ Multiple currency account options
▸ Non-resident accounts in domestic currency, freely convertible into foreign currency
▸ Offshore accounts
▸ Straightforward process for opening accounts with standard business documents
▸ Valid trade license or certificate of incorporation
▸ Power of attorney or Board resolution
▸ Passports, including resident permits, of key people
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TAX-FREE CORPORATE PROFITS
The UAE has
a tax-free policy,
meaning;
No
corporate
tax
No
sales
tax
No
personal
tax
No
withholding
tax
Only oil, gas and petrochemical companies and branch offices of foreign banks are required to pay taxes
All other corporate profits are tax-free
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TAX-FREE CORPORATE PROFITS
▸ Ras Al Khaimah is governed by His Highness
Sheikh Saud bin Saqr Al Qasimi, Supreme Council
Member and Ruler of Ras Al Khaimah
▸ Extremely safe, secure and stable emirate; with
Fitch rating of A
▸ Very diversified, dynamic economy with free zone
opportunities for foreign investment, as well as
freeholds and joint ventures
▸ Average GDP growth of 8% annually since 2011
▸ Home to 12,000 international businesses across
nine free zone parks
▸ Headquarters to industry leaders such as RAK
Ceramics, Julphar Pharmaceuticals and RAK Bank
Emirate
Size (km2)
Dubai
Sharjah
Ras Al Khaimah
3,885
2,590
1,684
Fujairah
Umm Al Quwain
1,165
777
Ajman
259
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RAK FREE TRADE ZONE AUTHORITY
▸ The Ras Al Khaimah Free Trade Zone (RAK FTZ) is a costeffective gateway for Europe, North Africa, the Middle East and
South Asia.
▸ RAK FTZ is one of the fastest-growing free zones in the UAE,
with more than 7,500 companies from over 100 countries,
representing more than 50 industry sectors.
H.H. Sheikh Ahmad Saqer
Mohamed Al Qasemi
Chairman, RAK Free Trade Zone
Member of Ruling Family of the
Emirate of Ras Al Khaimah
▸ Established in 2000 RAK FTZ provides its clients with a tax-free
environment, fast-track visas, freedom to source labour and
materials globally, and ongoing business support services such
as advertising, procurement, event management, recruitment
and training assistance
▸ RAK FTZ provides the same free zone benefits and top-notch
facilities that are available elsewhere in the UAE, but for
substantially lower costs, allowing clients to maximise their return
on investment.
▸ Ras Al Khaimah offers strategic access to the UAE’s major
logistical centers and emerging world markets.
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RAK FTZ OFFERS NUMEROUS BENEFITS TO ITS CLIENTS
100%
Ownership
Value-Added
Services
Range of
Facilities to
Suit Business
Need
No Taxation
Benefits
No Customs
Duty on
Re-Exported
Goods
Ease & Speed
in Registering
Company
Flexible
Labour
(no quotas)
Visas
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COMPLETE SOLUTIONS & FACILITIES
Business Licence
Legal Entities
Facilities
▸
▸
▸
▸
▸
▸
▸
▸
▸
▸
▸
▸
▸
Commercial
General Trading
Consultancy/Service
Industrial
Free Zone (FZC/FZE)
Foreign Branch
Local Branch
Foreign Subsidiary
Flexi-Desk/Office
Standard & Executive Offices
Shell & Core Office
Warehouse
Land ready for development
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EASE AND SPEED IN REGISTERING A COMPANY
Setting up a business in Ras Al Khaimah is quick and easy. RAK FTZ provides
comprehensive packages to get your business up an running in the UAE.
Everything you need to start operations within two weeks.
Pre-Approval
▸ Convenient on-line
application form
▸ Affordable packages
starting from US$4000
Open for Business
▸ Assistance with visa
process
▸ Access to RAK FTZ’s
value added services
Submit Documentation
▸
▸
▸
▸
Application form
List of trade names
Project description
Other relevant
legal documents
Receive Business
License and
Lease Deed
▸ Fast track service
Process Payments
▸ Cash, 2-3 days
▸ Cheque, 4-6 days
▸ International transfer, 69 days
FZC and FZE
Requirements
▸ Certificate of Formation
▸ Bank letter
▸ Associated legal
documents
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SUCCESS STORY FROM FRANCE & BELGIUM
PGS Group is a French and Belgian-based, global manufacturer of wooden
pallets with a Middle East subsidiary in Ras Al Khaimah Free Trade Zone.
‣
Founded in France in March 1993 with a small workshop of 478 square
yards. Now has six factories, 13 manufacturing sites and 28 pallet
reconditioning sites, with an annual production of more than 25 million
new and reconditioned pallets.
‣
In 2013, achieved a consolidated turnover of €170 million. Now has
nearly 1,000 employees and more than 5,500 customers.
‣
Announced that it was expanding to RAK Free Trade Zone in May 2014
after reviewing the free zone’s strategic geographical location, top-notch
facilities, award-winning business set-up services and substantially lower
set-up costs, allowing for maximum return on investment.
‣
Looking forward to reaching €500 million in the next five years and further
expanding its facilities in RAK FTZ.
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THANK YOU
FOR YOUR
ATTENTION
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