World SME Conference 2011
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World SME Conference 2011



Mr.Bissoon Surnam, Country Head- India, RAK FREE TRADE ZONE AUTHORITY , Presentation on "Growth and success stories of SMEs in Middle East and South East Asia "

Mr.Bissoon Surnam, Country Head- India, RAK FREE TRADE ZONE AUTHORITY , Presentation on "Growth and success stories of SMEs in Middle East and South East Asia "



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World SME Conference 2011 Presentation Transcript

  • 1. Government of Ras Al Khaimah, UAETHE HOME OF BUSINESS
  • 2. Agenda
    • The Emirate of Ras Al Khaimah – An overview
    • 3. RAK Free Trade Zone :
    • 4. Who we are?
    • 5. When we were set up?
    • 6. Why RAK FTZ?
    • 7. What are we offering you?
    • 8. What have we achieved since our creation?
    • 9. Licenses?
    • 10. Promotional Packages?
    • 11. How to start your business with us?
    • 12. Virtual Tour of the Free Zone?
  • The Emirate of Ras Al Khaimah- An Overview
    • Ruler : H.H. Sheikh Saud bin Saqr Al Qasimi
    • 13. 4th largest Emirate with a total area of 2478 sq kms
    • 14. Just 85 kms from Dubai, 250 kms from the border with Oman & 65 kms away
    from the Iranian coast
  • 15. The Emirate of Ras Al Khaimah- An Overview cont…
    • Gulf’s biggest rock quarry
    • 16. One of the largest producers of cement in the Gulf region. Al Hajar range of
    mountains contain high quality limestone deposits
    • One of the largest producers of medicines in the UAE (Julphar)
    • 17. One of the largest producers of ceramic tiles and sanitary ware in the
    world (RAK Ceramics)
    • Region’s leading brand of mineral water (Masafi)
    • 18. Increased industrial activities with the creation of free zones and
    partnerships between government and foreign investors
    • Thousands of small and medium scale industries in diversified sectors of
    • Emphasis on high-tech industries
  • The Emirate of Ras Al Khaimah- An Overview cont…
    • RAK is well connected to most of the neighbouring countries by air, sea
    and roads
    • The emirate has an excellent road network making overland trans-
    shipment throughout the Middle East a realistic possibility
    • Excellent telecom system RAK airport is one of the six international
    airports in the country
    • Saqr port in RAK is one of the largest bulk handling ports in the region
    with container handling facilities
  • 19. History & Heritage of RAK
    Archaeological excavations reveal that an advanced civilisation involved in trade existed in this region since 5,000 BC.
    The famous Arab navigator Ahmed IbnMajid was born around AD 1432-1437 in RAK (Julphar).
    For many years, Ras Al Khaimah was famous for its pearl divers and renowned as an important port of trade with links to Asia.
    In 1972, Ras Al Khaimah joined the union of the United Arab Emirates. The UAE, and particularly Ras Al Khaimah, is well known for its rich culture – folk music, folk dance and other traditional and popular art forms that embody and reflect the social and ethical values of the community.
  • 21. Strategic Location Of RAK
    Strategically located south of the Strait of Hormuz, between the Far East and Europe
    Ninety minutes away from the world’s sixth busiest container port, Jebel Ali Port
    Total population of about two billion within a three hour flying distance
    Has the largest bulk commodity port in the entire Middle East, Saqr Port, which handled nearly 27.5 million tonnes of bulk and assorted cargo in 2009. The port has 12 berths with a draft of 12.2 metres.
  • 22. Economy of RAS AL KHAIMAH
    RAK’s economy grew at a healthy pace of 8% in turbulent 2009 (GDP of US$ 4.3 Billion) and is forecasted to have an average growth rate of 11% over the next five years.
    RAK achieved robust economic growth from 2004 through 2009, averaging 18% (Compounded Annual Growth Rate).
    The forecasted GDP for 2010 per capita is USD 17,454.
    Population : 241,000 (2009 figure) – projection to 750,000 inhabitants in 2020
    Currency : Dirham (AED) - USD 1 = AED 3.67 or AED 1 = INR 12.5
    Ras Al Khaimah recently rated as the Best Investment Destination by FDI Magazine, FT, London
  • 23. UAE Free Trade Zone
    What is a Free Trade Zone?
    A free trade zone (FTZ) is one or more special areas of a country where some normal trade barriers, such as tariffs and quotas, are eliminated and bureaucratic requirements are lowered in hopes of attracting 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.
  • 24. RAK Free Trade Zone
    Achieve global brand recognition as a premium investment agency where customers find optimal business solutions.
    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.
  • 25. Leadership of RAK Free Trade Zone
    The Vision: HH Sheikh Faisal Bin Saqr Al Qasimi, Chairman
    Under his visionary leadership, RAK Free Trade Zone has enjoyed tremendous growth year after year. He was named ‘Achiever of the Year 2006’ by the Middle East Logistics Awards (MELA).
    The Direction: Oussama El Omari, CEO
    RAK FTZ is one of the fastest growing free trade zones in the region, with more than 7,000 licensed companies from 106 countries around the globe, and has been awarded ‘Best Emerging Free Zone’ three times in a row by MELA.
  • 26. Growth of RAK Free Trade Zones
  • 27. RAK FTZ Specialized Parks
    Labour Accommodation
    Close to Emirates Road
    Executive Offices
    Flexi Facilities
    Business Centre
    Land for Industrial Use
    Close to Sea Port
    Labour Accommodation
  • 28. 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 those
    International Offices
    Extend business reach globally
    Support international marketing activities
    Provide certain customer services
  • 29. Key Advantages of RAK FTZ
  • 30. Value-added Services
    Affordable, value-added services designed to assist our clients with the many different steps involved in setting up and running a successful business
  • 31. More than 1500 Indian Companies
    • Cumi Middle East FZE - Murrugappa Group
    • 32. Kotak Commodities – Kotak Mahindra Ltd
    • 33. Royal College of Applied Science & Technology
    • 34. Birla Institute of Technology , Ranchi
    • 35. BharathiVidhaypeeth University , Pune
    • 36. Zoom developers
  • Facilities of Indian Companies in RAK FTZ
  • 37. RAK FTZ Academy Zone
    Six universities from various countries, such as France UK, India, signed-up so far
    Vatel: France
    Bolton University: UK
    Royal College of Applied Science & Technology : India
    Phase 1 – 20,000 m2 of space
    Additional plots of land allocated for educational
  • 38. How Do I Set Up a Company?
    Setting up a company in the UAE always involves a combination of the following:
    Legal Entity
  • 39. Legal Entities in RAK FTZ
    Free Zone Establishment
    Free Zone Company
    Foreign Branch
    Local branch
  • 40. Licences
    General trading
    Import and export up to a maximum of two categories, with a maximum of seven similar activities per category
    Import and export with no restriction in terms of number of categories.
    Import raw materials and manufacture, process, pack and export final product
    Set up and operate a logistics hub in Technology/Industrial Park
    Set up and operate an academic organisation in designated Academy Zone
    Provide advisory services, e.g. management consulting, industrial consulting, marketing consulting, etc
  • 41. Facilities
    Flexi facilities
    Executive offices
    Shared facilities | Ready-to-use workstations | Dedicated phone number | Shared fax services | Email address | Dedicated P.O. 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 telephony system | Office management services | Access to business centre services | Office cleaning | 24/7 security
  • 42. Facilities
    150 to 460 m2 and multiples | Close proximity to port and airport | Suitable for storing goods or for light manufacturing | Staff housing available onsite | 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
  • 43. Cost-Effective Packages
    Flexi Desk
    AED 18,000 per year
    Standard office
    AED 24,040 per year
    Aed 54,000 per year
    Time shared desk
    Commercial Licence
    Phone, internet, email
    Registration fee
    9 m2 office
    Commercial Licence
    Phone, internet, email
    Administration service charge
    IT services
    Registration fee
    205 m2 unit
    Small office
    Commercial Licence
    Administration service charge
    Facility maintenance deposit
    Registration fee
  • 44. Simple Registration Process
    • Receive approval from RAK FTZ and related invoice
    • 45. Complete payment
    Required documents:
    • Application form
    • 46. Project description
    • 47. Passport copy
    • 48. Bank reference letter
    Receive business licence and start operating your business
    • Receive COF
    • 49. Open bank account
  • 50. Over 4,000 Happy Clients From Over 1,000 Countries
    84% clientsatisfaction (clientsratedourservices as VERY GOOD)
  • 51. RAK FTZ- The Home of Business
    Make RAK Free Trade Zone your company‘s new home and enjoy the following benefits:
    Cost-effective set-up packages (clear and manageable costs)
    Simple regulations and procedures
    Value-added services – legal consultancy, market studies, recruitment etc
    A growing business environment
    No income tax
    No corporate tax
    100% foreign ownership
    No foreign exchange controls, trade barriers or quotas
    No restrictions on capital or profit repatriation
    Low local crime rate
    Easy access to information through international promotion offices
    Proximity to many of the world’s emerging markets
  • 52. Some Awards & Certificates…..
  • 53. We Make You Feel Home
    Contact Details of the India Liaison Office :
    RAK Free Trade Zone Authority (Govt of Ras Al Khaimah) – India Liaison Office
    Office No.82, 8th Floor
    Atlanta Building
    209 Nariman Point
    MUMBAI 400 021
    Tel : + 91 22 2204 2223 / 24
    Mobile : +91 900 475 2345
    Email :
    Web site :
    Thank you for your attention.
    Hope to welcome you in Ras Al Khaimah, UAE soon!
  • 54. T