INTRODUCTION TO RAS AL KHAIMAH
FREE TRADE ZONE
13 January 2015
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INTRODUCTION
TO RAS
AL KHAIMAH
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RAS AL KHAIMAH IS PART OF THE UNITED ARAB
EMIRATES
Ras al Khaimah (RAK) is one of the seven emirates which comprise the
United Arab Emirates (UAE), along with Abu Dhabi and Dubai.
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AS AL KHAIMAH IS A VIBRANT EMIRATE CLOSE TO THE
HUB OF DUBAI
▸
Ras Al Khaimah is governed by His Highness
Sheikh Saud bin Saqr Al Qasimi, Supreme
Council Member and Ruler of Ras Al Khaimah
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Extremely safe, secure and stable emirate; with
Fitch rating of A and S&P rating of A/A1
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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 RAK FTZ where 8,000 international
businesses operate across four free zone parks
▸
Headquarters to industry leaders such as RAK
Ceramics, Julphar Pharmaceuticals and RAK
Bank
Land Size Comparison and
the Northern Emirates
Emirate
Size (km2)
Dubai
3,885
Sharjah
Ras Al Khaimah
2,590
2,590
Fujairah
1,165
Umm Al Quwain
777
Ajman
259
Source: www.government.ae
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RAS AL KHAIMAH OFFERS A COST-EFFECTIVE
ALTERNATIVE TO DOING BUSINESS …
Cost of setting up and running a business is 25% - 50% lower than
alternative free zones
Cost of living is substantially less than the UAE average
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… AND HIGH QUALITY PLACE TO LIVE
LIVING IN LUXURY
One of the key tourism drivers also applies to becoming a
resident: a wide range of town houses, villas and
apartments across multiple price points
New communities benefiting from a master plan approach:
▸Green spaces
▸ Beach access
▸Recreational facilities
▸ Local amenities
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THERE ARE MANY GOOD REASONS TO LIVE
IN RAS AL KHAIMAH
EDUCATION
A mix of public and private educational institutes across all educational
age groups, teaching to international standards
▸RAK Academy, GEMS Westminster
▸American University Ras Al Khaimah (AU-RAK), Western International
Colleges (U. of Bolton)
▸RAK Medical & Health Sciences University, RAK School of Dentistry
HEALTHCARE
Both public and private hospitals delivering high quality care and providing
a wide range of treatments and procedures
RECREATION
▸Outdoor activities including golf and water sports such as jet skiing, water
skiing, and sailing
▸Malls, cinemas, cafes and restaurants serving a wide variety of international
cuisines
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WORLD-CLASS
LOGISTICAL
ACCESS
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THE UAE OFFERS SIGNIFICANT
GEOGRAPHICAL ADVANTAGES
The UAE enjoys a strategic location between Asia, Europe
and Africa, providing optimum trading conditions and
increasing economic activity among the world’s fastest
growing and developing economies in the ‘South-South’
trade trajectory.
▸4 hour flight time to 31% of the world’s population comprising 11% of the global GDP
▸8 hour flight time to 76% of the world’s population comprising 53% of the global GDP
Source: UNCTADstat, 2013
The UAE is a hub for global commerce, with infrastructure
that provides seamless connectivity for businesses
worldwide, featuring;
▸The Middle East’s largest container port
▸The 2nd busiest international airport in the world
▸A state of the art national rail system, to be completed in
2018
▸Membership in the Gulf Cooperation Council (GCC)
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RAK IS ABOUT THE SAME DRIVING DISTANCE FROM DUBAI
INTERNATIONAL AIRPORT AS MAJOR CITY CENTERS ARE
FROM THEIR INTERNATIONAL AIRPORTS
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RAK IS LESS THAN AN HOUR’S DRIVE FROM DUBAI
INTERNATIONAL AIRPORT, WHERE EMIRATES AIRLINE FLIES
TO OVER 185 DESTINATIONS WORLDWIDE
Based on Emirates Airline flights
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RAK OFFERS SUBSTANTIAL LOGISTICAL ADVANTAGES
Ras Al Khaimah has a strong trading heritage due to its geographical location at the mouth of the Arabian Gulf and
has grown into an industrial and trading hub, offering strategic access to the UAE’s major logistical centres and
emerging world markets.
Land
Multilane super-highways E311 and E611 connect to all
neighboring emirates and countries
▸Less than one hour from Dubai
Sea
RAK is home to five sea ports, including;
▸Saqr Port - the largest bulk commodity port in the Middle East,
shipping approximately 50 million tonnes annually
▸RAK Maritime City Free Zone - which provides waterside
manufacturing capabilities and exclusive berthing, ideal for large
fabrication
▸Khor Port - city centre port, offering a range of modern cargo
handling facilities and services
▸Al Jeer Port - on the border of the Sultanate of Oman, the latest
facility in RAK
▸Al Jazeera Port - specializing in dry docking and ship repair
Air
RAK International Airport services the emirate and boasts;
▸An annual cargo capacity of 50,000 tonnes
▸Chilled reefers and cold storage facilities
▸250,000 square feet of warehouse storage space
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INTRODUCTION TO
RAS AL KHAIMAH
FREE TRADE ZONE
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RAK FREE TRADE ZONE IS A COST-EFFECTIVE
GATEWAY TO GLOBAL MARKETS
The Ras Al Khaimah Free Trade Zone (RAK FTZ) is a
cost-effective gateway to a wide range of markets
across Europe, North Africa, the Middle East and South
Asia. Its strategic geographical location is wellpositioned to help companies easily take advantage of
the trade flows between East and West.
Less than an hour’s drive from Dubai, RAK FTZ is one
of the fastest-growing free zones in the UAE, and it is
the investment destination of choice for more than
8,000 companies from over 100 countries, representing
more than 50 industry sectors.
Established in 2000 with a mandate to provide custommade business solutions, RAK FTZ furnishes its clients
with a completely 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.
In addition to award-winning service, 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.
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RAK FTZ OFFERS A FULL RANGE OF SERVICES TO
HELP SET UP YOUR BUSINESS
RAK FTZ offers a business-in-a-box
comprehensive foundation for companies to set
up in the UAE in a very efficient way.
The services that RAK FTZ provides in its onestop shop includes:
▸
Business licence
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Company documentation
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A wide range of facilities
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Fast-track visas
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Value-added services including:
▸ Emirates ID applications in-house
▸ Notary public on site to attest
documents
▸ Translation service for documents
▸ Advertising
▸ Procurement
▸ Recruitment and training of staff
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Establishment of a
regional
headquarter serving
the Middle East,
Africa and South
Asia (MEASA)
COMPANY
BENEFIT
Establishment
of a company
setup for sales
and marketing
in the UAE
Exporting to
the UAE
Increasing
exports to
include the
MEASA markets
HOME COUNTRY
BENEFIT
RAK FTZ
ENABLERS
RAK FTZ HELPS CLIENTS GROW WHILE BOOSTING
THEIR HOME COUNTRY’S ECONOMY
Contribution
towards the
export revenue
of the home
country
Substantial
increase in export
revenue of the
home country to a
wider geographical
area
Establishment of a
logistics platform
for storage and
distribution
Addition of valueadded distribution
including
packaging and
labelling
Expansion to
include final
product
assembly
Faster delivery
and reduction of
shipping costs
Competitive edge,
closer to
customers for
logistical
purposes, and
quicker
distribution
Customised
products to
customers
Creation of jobs
in the home
country
Increase in
shareholding
value of
companies in the
home country
Increase in tax
base for the
home country
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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
Recruitment
(no quotas)
Visas
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RAK FTZ CATERS TO THE SPECIFIC NEEDS OF CLIENTS WITH
INVESTMENT OPPORTUNITIES ACROSS MULTIPLE SECTORS
We welcome companies and entrepreneurs from virtually all business sectors to Ras Al Khaimah Free
Trade Zone. Our 8,000 free-zone clients come from over 100 countries and span across almost every
sector.
LIGHT INDUSTRIAL
▸Food & beverage processing
▸Electronics & consumer products assembly
▸Cosmetics manufacture & perfume blending
▸Pharmaceuticals
▸Industrial equipment assembly
▸Machining & metal cutting
▸
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▸
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Metal coatings
Oil & Gas equipment
Gas liquefaction & bottling
Carpentry
Textiles
Equipment service and repair
▸
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Concrete & precast structures
Chemical engineering &
manufacturing
Plastics & Polymers
Paint manufacture
Rubber
Lubricants
Packaging products manufacturing
HEAVY INDUSTRIAL
▸Vehicle assembly and customisation
▸Glass production/modification
▸Fibreglass/insulation materials
▸Plastic building materials
▸Metal alloys, dies & extrusions
▸Steel pipework manufacturing
▸Pre-engineered buildings & steel fabrication
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RAK FTZ INDUSTRIAL AND SERVICE ACTIVITIES
INCLUDE:
VALUE-ADDED DISTRIBUTION AND TRADING
▸Food repackaging
▸Antiques & artwork
▸Aerospace spares
▸Auto spares
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▸
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Building materials
Medical equipment & pharmaceuticals
Building equipment & machinery
▸
▸
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Marketing & Management
Aerospace consultancy
Oil & Gas consultancy
Product training, service & repair
SERVICES
▸E-commerce
▸Legal & translation consultancy
▸Logistics consultancy
▸Auditing & financial consultancy
▸ICT consultancy
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RAK FTZ INDUSTRIAL AND SERVICE ACTIVITIES
INCLUDE:
LOGISTICS
▸Shipping management & chartering
▸Commercial logistics services
▸Aviation consultancy and support activities
EDUCATION
▸Universities
▸Branch campuses
▸Training institutes
▸
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Distance/Online learning
Educational services
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RAK FTZ HAS SPECIALISED FREE ZONE PARKS
TO ACCOMMODATE EACH SECTOR
Business Park
Industrial Park
Technology
Park
Academic Zone
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INVESTORS COME TO RAK FTZ
FROM AROUND THE WORLD
More than 1,700
registered Indian
companies.
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RAK FTZ OFFERS A
WIDE VARIETY OF
FACILITIES
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RANGE OF FACILITIES AT RAK FTZ
FLEXI FACILITIES
▸Shared work stations
▸5 hours usage per week
▸Dedicated phone number
▸Shared fax number
▸Dedicated email account
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High-speed Internet network
Company P.O. Box
Eligibility for UAE residence visa
Opportunity to upgrade to office
or warehouse at any time
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RANGE OF FACILITIES AT RAK FTZ
OFFICES FACILITIES
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▸
▸
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Small to medium-sized private offices
Accessible 24/7 and 24-hour security
Advanced IT infrastructure with dedicated phone,
fax number, and email account
Rent inclusive of utilities
Eligibility for UAE residence visa
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RANGE OF FACILITIES AT RAK FTZ
WAREHOUSES
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Prefabricated units of 150 to 400 m²
Suitable for storage of goods, light manufacturing and assembly
Accessible 24/7 and 24-hour security
Labour, forklifts and cleaning services (available at additional cost)
Eligibility for UAE residence visa
Utility connections
Staff and labor accommodation available on site
Proximity to highway, sea port and airport (excellent accessibility to
all emirates and neighboring countries)
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RANGE OF FACILITIES AT RAK FTZ
LAND
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Developed plots of various sizes, starting from 5,000 m²
Option to develop up to 60% of the total area
Staff and labor accommodation available onsite
Utility connections
Accessible 24/7 and 24-hour security
Eligibility for UAE residence visa
Proximity to highway, sea port and airport (excellent
accessibility to all emirates and neighboring countries)
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SELECTION OF
SUCCESSFUL COMPANIES
IN RAS AL KHAIMAH
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LARGE AND SMALL COMPANIES ALIKE
HAVE CHOSEN TO SET UP IN RAK
Public Joint Stock Companies
Free Zone Companies
Industrial Park Companies
Private Company
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COMPANY PROFILE: STREIT GROUP
Streit Group FZC
Free Zone Company
▸
▸
Established in Canada in 1996 “with nothing more than a garage space, a
handful of tools and overextended credit”
Now one of the world’s largest armoured vehicle – personal
protection – manufacturers, servicing more than 100 countries
Expanded to the RAK Free Trade Zone in 2005:
▸ Testing the market with a flexi-facility
▸ Expanded in 2009
▸ Now has a site covering 1.4 million sq ft capable of refitting 520 vehicles
per month
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COMPANY PROFILE: KNAUF LLC
Knauf LLC
Foreign Branch
Knauf has been active in the Middle East for over a decade, meeting the
needs of infrastructure projects in the region.
▸Established in 2007 with an investment of US$ 136 million
▸Large-scale manufacturing plant; maximum output of 50 million m2 of
gypsum boards per annum
▸Exclusive ship berthing
▸Raw materials arrive dock-side, and construction materials, are shipped
across MENA and South Asia
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HERE ARE SOME OTHER RAK FTZ SUCCESS STORIES
Eurocap manufactures injection-moulded plastic packaging items,
specialising in caps and lids for perfume and cosmetic products.
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Established at the RAK Free Trade Zone in 2006
Started with 5 employees, now has 20
Utilizes the RAK FTZ as a gateway to markets in the US,
Europe and Russia
Manufacturing activities started in 2007
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HERE ARE SOME OTHER RAK FTZ SUCCESS STORIES
ITALFOOD FZC is a fresh cheese manufacturing company located in Ras
Al Khaimah Free Trade Zone. The Company produces fresh cheese daily,
buying milk from UAE milk producers.
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Founded in Italy and producing cheese according to Italian culture and
technology, using daily fresh milk from local farms in the UAE
Supplying mozzarella cheese in Italy for more than 50 years before setting
up the company in Ras Al Khaimah
Established at RAK FTZ in 2010 operating in 9,000 sq ft warehouse facility
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HERE ARE SOME OTHER RAK FTZ SUCCESS STORIES
International Armored Group (IAG) is an armoured vehicle manufacturer
with over 17 years of experience.
▸
▸
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Operates in the UAE, USA, Canada and the UK
Expanded to the RAK Free Trade Zone in 2005
Production facility at the RAK FTZ can produce 80-100 armoured
vehicles per month
Builds and supplies thousands of armoured vehicles to clients across the
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THANK YOU
FOR YOUR
ATTENTION
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THANK YOU FOR YOUR ATTENTION
Find out what more than 8,000 companies have already discovered at the RAK Free Trade Zone
RAK Free Trade Zone - Government of Ras Al Khaimah
Tel: +971 7 2041111
Email: [email protected]
Website: www.rakftz.com
/rakftz
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