World SME Conference 2011

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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

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

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