Business Opportunities in the United Arab Emirates and RAK FTZ Presented by Joyce choukri

1. Business Opportunities in the United Arab Emirates and RAK FTZ Presented by Joyce choukri Marketing Officer RAK Free Trade Zone

2. UAE Country Facts • Population (in millions): 8,17 [2013], Only 16.5 % Nationals • Area: 82 880 km²  • Languages: Arabic (official language), English. Hindi and Urdu are spoken by a large portion of the emigrated population (Indian – about 1,3 millions in 2001 -, Pakistani, Bengali).   • The United Arab Emirates consists of seven emirates: Abu Dhabi, Dubai, Sharjah, Umm al-Qaiwain,Fujairah, Ajman and Ra’s al-Khaimah.  • Export rank for Belgium: 17 [2011] • Major economic cities: Abu-Dhabi, Dubai, Sharjah

3. U.A.E Open to business • The United Arab Emirates, with its rapidly developing infrastructure, investor-friendly policies and political stability, is undoubtedly one of the most attractive business destination in the region. • Advantages to doing business in the UAE include: • No restrictions on profit transfer or repatriation of capital . • No corporate or income taxes. • A currency, the Dirham, that is stable, secure and pegged to the US dollar. • Very low, or non-existent, import duties. • Competitive labor costs. • Sectors with opportunities: • Construction services • Materials and supplies • Defense – Aerospace • Energy – Alternative Energy • Professional services • Select tourism products/services including high-end hotel brands • Healthcare and education services and products • Creative arts and media.

4. Exchange with BELGIum

5. Exchange with BELGIum

6. Establishing a Business  • All businesses, whether industrial, professional, trading or services, must obtain a trade license from the emirate concerned before they can begin business in the emirate. Licensing procedures may vary from emirate to another and the necessary information is available from the Chamber of Commerce of the Emirate. • Local Company: Under the law, all companies established in the UAE must have 51% ownership by UAE nationals or a company fully owned by UAE nationals. • Free Zone Company: 100% foreign ownership permitted in Free Zones

7. UAE Free Trade Zones What is a Free Trade Zone? A free trade zone (FTZ) is one or more purpose-built areas in a country where certain normal trade barriers such as tariffs and quotas are eliminated and bureaucratic requirements are lowered to attract 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

8. Emirate of Ras Al Khaimah Ras Al Khaimah is one of the seven emirates that form the United Arab Emirates Ruler: HH Sheikh Saud Bin Saqr Al Qasimi Population: 300,000 Languages: Arabic and English Currency: Dirham (AED)

9. History and traditions in RAK Cultural dances Cultivatingpearls Camels

10. Lifestyle in RAK Itis an ideal place to do business and leasureat the same time. Plenty of newlybuiltbeachresorts are in the Emirates in addition to golf courses. Waldorf Astoria and many 5 stars hotels are in the Emirate of RAK (Hilton, CoveRotana).

11. RAK Free Trade Zone RAK FTZ was founded in 2000 under the patronage of HH Sheikh Saoud Bin Saqr Al Qasimi and is now directed by Mr. Peter Fort whowasassigned as CEO. 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.

12. Growth of RAK FTZ

13. Growth of RAK FTZ

14. RAK FTZ SpecialiSed 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

15. 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 these cities Abu Dhabi Mall Fairmont Dubai Dubai Festival City International Offices • Extend business reach globally • Support international marketing activities • Provide certain customer services

16. How to set up a company ? Setting up a company in the UAE always involves a combination of the following: Legal Entity Licence Facility 3 1 2

17. Facilities Executive offices Flexi facilities • Shared facilities | Ready-to-use workstations | Dedicated phone number | Shared fax services | Email address | Dedicated PO Box number | Daily collection and distribution of mail and faxes | Guest reception services | Office management services | Parking facilities | 24/7 security • Fully furnished and equipped or unfurnished / empty | Sizes vary from 15 m2 up to 400 m2 | State-of-the-art IP-based telephone system | Office management services | Access to business centre services | Office cleaning | 24/7 security

18. Facilities Warehouses land • 150 to 460 m2 and multiples | Close proximity to port and airport | Suitable for storing goods or for light manufacturing | Onsite staff housing available | Proximity to customs and administrative offices | 24/7 security services • Plots of various sizes (5,000 m2 min) available for industrial development | Access to sea port and airport facilities

19. Key Advantages of RAK FTZ

20. More than 7000 satisfied clients from over 100 countries

21. RAK FTZ Thankyou for your attention. Seeyousoon in RAK RAK Free Trade Zone- Government of Ras Al Khaimah Tél. : +971 7 2041111 E-mail : inquiry@rakftz.com Site Web : www.rakftz.com Europe’s office: europe@rakftz.com facebook.com/rakftz twitter.com/rakftz youtube.com/rakftz