Business Fortunes @ RAK Free Zone  For more info, please visit our new website : http://www.rakftz.com.

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Presentation transcript:

Business Fortunes @ RAK Free Zone  For more info, please visit our new website : http://www.rakftz.com

The Ideal Place to Do Business “RAK” - Ras Al Khaimah is the Fourth largest of the seven emirates forming the United Arab Emirates (UAE). Abu Dhabi being the capital the other emirates are Dubai, Sharjah, Ras Al Khaimah, Fujairah, Ajman & Umm Al Qaiwain; Strategic geographic location, Stable Government, Transparent legal systems, Excellent Logistics System, Cost effective Labor & Abundant energy supply are few among the various other factors for the prosperous developments of the Emirates.  For more info, please visit our new website : http://www.rakftz.com

Location  For more info, please visit our new website : http://www.rakftz.com

Main Industries in RAK          Ceramics Cement Quarrying Pharmaceuticals Glass Printing & packaging Textile Potable Water Armored Vehicles Water Treatment Equipment Electrical Cables Medical Equipment Gold Jewelries Perfumes         

Tourism in RAK Hotels & resorts Golf clubs Cruises Water springs Desert safaris Ancient villages         

RAK Free Trade Zone The RAK Free Trade Zone, established in the year 2000, is an ideal place for setting up the business to conduct operations locally or Internationally; RAK Free Zone offers a cost effective location for business operations equipped with Modern facilities and State-of-the-art communications systems. Option for setting up Free Zone Entities & International Companies (Offshore).  For more info, please visit our new website : http://www.rakftz.com

RAK Free Zone - Two Registry On Shore - Free Zone Entity Offshore - International Companies.  For more info, please visit our new website : http://www.rakftz.com

Types of Free Zone Entities FZE - FREE ZONE ESTABLISHMENTS (Single Share Holder) FZC - FREE ZONE COMPANY (Two or more Share Holders) Br - BRANCH  For more info, please visit our new website : http://www.rakftz.com

 For more info, please visit our new website : http://www.rakftz.com RAKFTZ Specialized parks International Liaisons offices Dry dock - upcoming Residential / offices cities - upcoming Local / international Business centres  For more info, please visit our new website : http://www.rakftz.com

Features of Free Zone Entities 100% Foreign ownership No Corporate or Income taxes No restriction on Full repatriation of funds Availability of Serviced Offices, Pre Built warehouses and Land Long term renewable lease No import or re-export duties No restriction on hiring foreign employees Mortgage facility for all improvements made on the leased land.  For more info, please visit our new website : http://www.rakftz.com

International Company Registry (Offshore Companies) Governing legislation: RAKFTZ International Companies Regulation 2006 RAKFTZ Registered Agents Regulation 2006 RAKFTZ Anti Money Laundering Policies 2006  For more info, please visit our new website : http://www.rakftz.com

Key Features – International Companies (Offshore) Confidentiality of beneficial ownership No public reporting Can own shares in other UAE companies Liability of shareholders are limited  For more info, please visit our new website : http://www.rakftz.com

Key Features – International Companies (Offshore) Can Maintain bank accounts in the UAE Can Employ services of local professionals No restriction in activities other than Banking & Insurance. Can do business in the UAE with appropriate License  For more info, please visit our new website : http://www.rakftz.com

Key Features….. Continues Flexibility- minimum of one or more shareholders Minimum requirement of one director No minimum share capital Able to issue Custodian shares , held by Registered Agent  For more info, please visit our new website : http://www.rakftz.com

Key Features….. Continues Custodian shares can be converted to registered shares Multiple classes of shares possibilities No requirement to hold directors or shareholders meeting’s Sophisticated and flexible mechanism for alternate dispute resolution  For more info, please visit our new website : http://www.rakftz.com

Competitive Advantages No Tax Information Exchange Agreement with any country Ability to benefit from UAE Double Tax Treaties 100% foreign ownership Zero income, capital or other taxes and duties Unrestricted repatriation of profits and capital  For more info, please visit our new website : http://www.rakftz.com

Competitive Advantages Easy mechanisms for the transfer of shares or amendments No mandatory accounting or auditing requirements Low Government fees Easy registration of charges  For more info, please visit our new website : http://www.rakftz.com

Advantages over other offshore regimes in UAE Able to conduct business in the UAE with appropriate License Able to issue “Custodian Shares”, held by Registered Agent Able to trade in or own an interest in real property in the UAE Option to choose the applicable law. Cost Effective  For more info, please visit our new website : http://www.rakftz.com

Restrictions Banking, Insurance and Reinsurance businesses, insurance agent or insurance broker in the Zone and UAE Not applicable to do the business abroad.  For more info, please visit our new website : http://www.rakftz.com

Free Zone Entities Vs International Companies Should have physical presence (facility) in RAK Can do business in the zone and in UAE (through local agents) Can get license Should have minimum capital of AED: 100,000 Should have the requirement of Annual accounts audit. Have restrictions in doing business activities (as per license only). Legal Documents to be signed in Free Zone Maximum permitted shareholders is 5 Eligibility for Residence Visa  For more info, please visit our new website : http://www.rakftz.com

International Companies: Free Zone Entities Vs International Companies International Companies: Not required to have physical Presence in the place of incorporation No License No Capital Requirement No audit requirement No activity restrictions (Other than of public policy) Cannot Accept Clients directly (Only through Agents) Legal Documents can be signed in agents office No Maximum limit on shareholders No Visa Eligibility  For more info, please visit our new website : http://www.rakftz.com

Range of proposed products and services

Positioning RAK: A comparison with other financial centres

Positioning RAK: A comparison with other financial centres

UAE DTA’s

Growth of the FTZ

Why RAK Transparent, Tax Free, Corruption Free location to do business Political Stability Assurances and mechanisms for total confidentiality, unless suspicion of criminal activity and hence required by the UAE regulatory bodies. UAE in the OECD White List  For more info, please visit our new website : http://www.rakftz.com

Why RAK The facilities such as beautiful hotels, resorts, housing complexes, quality hospitals, schools, shopping centres, International Banks & recreation facilities together make RAK an ideal place for setting up business. Our Single window services, Professional staff members & efficient customer service has facilitated us in being selected as the “Best Emerging Free Zone” in the Region by the Middle East Logistic Awards Committee for the past three consecutive years.  For more info, please visit our new website : http://www.rakftz.com

Summary Existing and new products will provide you with the flexibility to use UAE as the global financial centre all international, trust and asset protection activities UAE with its time zone and offshore/onshore facilities allows you to develop a global model for business that can deal with: Asia during the morning; Europe during the day; and the US/Americas in the late afternoon.  For more info, please visit our new website : http://www.rakftz.com

Where Opportunities Are Ahead RAK – DUBAI – ABU DHABI – INDIA – IRAN – UK – CANADA – RAK – DUBAI – ABU DHABI – INDIA – IRAN – UK – CANADA – RAK – DUBAI - IRAN www.rakftz.com@2006 www.rakftz.com Where Opportunities Are Ahead       Unprecedented Success Stories    Committed to Serve you…… Thank you!