introduction to ras al khaimah free trade zone
INTRODUCTION TO RAS AL KHAIMAH FREE TRADE ZONE 13 January 2015 1 INTRODUCTION TO RAS AL KHAIMAH 2 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. 3 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 ▸ Extremely safe, secure and stable emirate; with Fitch rating of A and S&P rating of A/A1 ▸ 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 4 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 5 … 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 6 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 7 WORLD-CLASS LOGISTICAL ACCESS 8 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) 9 RAK IS ABOUT THE SAME DRIVING DISTANCE FROM DUBAI INTERNATIONAL AIRPORT AS MAJOR CITY CENTERS ARE FROM THEIR INTERNATIONAL AIRPORTS 10 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 11 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 12 INTRODUCTION TO RAS AL KHAIMAH FREE TRADE ZONE 13 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. 14 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 ▸ Company documentation ▸ A wide range of facilities ▸ Fast-track visas ▸ 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 15 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 16 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 17 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 ▸ ▸ ▸ ▸ ▸ ▸ Metal coatings Oil & Gas equipment Gas liquefaction & bottling Carpentry Textiles Equipment service and repair ▸ ▸ 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 ▸ ▸ ▸ ▸ ▸ 18 RAK FTZ INDUSTRIAL AND SERVICE ACTIVITIES INCLUDE: VALUE-ADDED DISTRIBUTION AND TRADING ▸Food repackaging ▸Antiques & artwork ▸Aerospace spares ▸Auto spares ▸ ▸ ▸ Building materials Medical equipment & pharmaceuticals Building equipment & machinery ▸ ▸ ▸ ▸ Marketing & Management Aerospace consultancy Oil & Gas consultancy Product training, service & repair SERVICES ▸E-commerce ▸Legal & translation consultancy ▸Logistics consultancy ▸Auditing & financial consultancy ▸ICT consultancy 19 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 ▸ ▸ Distance/Online learning Educational services 20 RAK FTZ HAS SPECIALISED FREE ZONE PARKS TO ACCOMMODATE EACH SECTOR Business Park Industrial Park Technology Park Academic Zone 21 INVESTORS COME TO RAK FTZ FROM AROUND THE WORLD More than 1,700 registered Indian companies. 22 RAK FTZ OFFERS A WIDE VARIETY OF FACILITIES 23 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 ▸ ▸ ▸ ▸ High-speed Internet network Company P.O. Box Eligibility for UAE residence visa Opportunity to upgrade to office or warehouse at any time 24 RANGE OF FACILITIES AT RAK FTZ OFFICES FACILITIES ▸ ▸ ▸ ▸ ▸ 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 25 RANGE OF FACILITIES AT RAK FTZ WAREHOUSES ▸ ▸ ▸ ▸ ▸ ▸ ▸ ▸ 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) 26 RANGE OF FACILITIES AT RAK FTZ LAND ▸ ▸ ▸ ▸ ▸ ▸ ▸ 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) 27 SELECTION OF SUCCESSFUL COMPANIES IN RAS AL KHAIMAH 28 LARGE AND SMALL COMPANIES ALIKE HAVE CHOSEN TO SET UP IN RAK Public Joint Stock Companies Free Zone Companies Industrial Park Companies Private Company 29 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 30 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 31 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. ▸ ▸ ▸ ▸ 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 32 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. ▸ ▸ ▸ 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 33 HERE ARE SOME OTHER RAK FTZ SUCCESS STORIES International Armored Group (IAG) is an armoured vehicle manufacturer with over 17 years of experience. ▸ ▸ ▸ ▸ 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 34 THANK YOU FOR YOUR ATTENTION 35 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 36
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