investment opportunities in ras al khaimah, united arab emirates

Report
INVESTMENT OPPORTUNITIES IN RAS AL KHAIMAH,
UNITED ARAB EMIRATES
16 April 2014
16 April 2014 - BEIJING, PEOPLE’S REPUBLIC OF CHINA
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INTRODUCTION TO THE EMIRATE OF RAS AL KHAIMAH
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Where is Ras Al Khaimah?
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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Welcome to Ras AL Khaimah
▸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 S&P rating of A/A-1
▸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 12,000 international businesses
across nine free zone parks
▸Headquarters to industry leaders such as
RAK Ceramics, Julphar Pharmaceuticals and
RAK Bank
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Well diversified Economic base
Ras Al Khaimah features a diversified economic foundation and is home to an array of industries,
embracing innovation and ingenuity to foster growth.
Industrial Sector
Industry is a mainstay of the RAK economy. Apart from RAK Ceramics, a global industrial icon, RAK
is noted for the range and scope of its industries, including;
▸Building materials
▸Pharmaceuticals
▸High-end optical data storage disc manufacturing and composites
Service Sector
With a growing economy, demand for specialized services is also increasing in RAK, including;
▸A steady expansion into retail banking, Islamic financial services and insurance, spurred on by the
booming manufacturing sector
▸Efforts underway to enhance the quality of the educational system supporting innovation and
student success, including education specific free trade zones
▸Public and private-sector initiatives to establish Ras Al Khaimah as a pre-eminent destination for
quality health care in the region, resulting in significant improvements with the addition of new
hospitals and enhancements to current healthcare delivery systems
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Well diversified Economic base
Tourism
Ras Al Khaimah features diverse landscapes, a rich heritage, temperate climate and world class hotels
and resorts which are making it a globally recognized destination for luxury and adventure travel. This
growing sector is marked by;
▸An increasing demand for premium luxury destinations from European, UAE and GCC visitors
seeking premium branded hotels and resorts
▸Holiday makers seeking a variety of experiences like outdoor sports, heritage tours, gourmet culinary
experiences and relaxation in spas and on beaches
▸Ease of access to the emirate - only 45 minutes from Dubai International Airport and soon to be
serviced by Air Arabia at RAK International Airport - making it an attractive and accessible destination
for both local and international travelers.
Real Estate and Development
Ras Al Khaimah's property sector continues to grow due to the emirate's strong economic
fundamentals, stable policy and fresh approach to development. Main factors contributing to this
growth include;
▸The launch of Rakeen, RAK Properties and Al Hamra Real Estate Development LLC- responsible for
the creation of unique and world-class developments in the emirate
▸The RAK government's proactive approach in ensuring transparency and protecting the interests of
investors, resulting in the adoption of many pioneering laws related to foreign ownership, freehold, and
property brokerage.
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Location and logistics-united arab emirates
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 ‘SouthSouth’ 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
(based on 2013 data, source: UNCTADstat)
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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Location and logistics-ras al khaimah
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
Air
▸RAK International Airport services the Emirate and boasts;
▸ An annual cargo capacity of 50,000 tons
▸ Chilled reefers and cold storage facilities
▸ 250,000 square feet of warehouse storage space
Sea
▸RAK is home to five sea ports, including;
▸ Saqr Port - the largest bulk commodity port in the UAE
▸ 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
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Business friendly regulatory environment
▸No capital controls
▸Fixed exchange rate with USD Dollar
▸No local requirements and low cost labor
▸Few constraints in terms of requirements to register
an activity, making the UAE one of the quickest and
easiest countries in which to set up a business
▸Business friendly regulatory environment – UAE is
ranked 17th in the world bank’s logistics performance
index based on the following six criteria:
▸ On Time Delivery: 13th
▸ Customs / Border Efficiency: 15th
▸ Ease of Arranging Shipments: 15th
▸ Quality of Infrastructure: 17th
▸ Quality of Logistics Services: 17th
▸ Track & Trace: 18th
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Tax environment
▸
UAE has a free tax policy regarding personal income and corporate activities, meaning;
▸ No corporate, personal or withholding taxes
▸
Moreover, the country has signed bilateral treaties, with the following countries, to avoid double
taxation:
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Egypt
Singapore
Poland
Mauritius
Algeria
Indonesia
Germany
Canada
Yemen
Thailand
Finland
Netherlands
Tunisia
Malaysia
Italy
Bulgaria
Morocco
China
Czech
Uzbekistan
Sudan
New Zealand
France
Hellenic
Syria
Ukraine
Belgium
Kazakhistan
Lebanon
Belaurs
Romania
Vietnam
Mozambique
Turkmenistan
Turkey
Portuges
Pakistan
Armenia
Luxembourg
Ireland
India
Tajikistan
Spain
Georgia
Sri Lanka
Mongolia
Malta
Venezuela
Philippines
Azerbaijan
Bosnia and Herzegovina
Cyprus
Korea
Austria
Seychelles
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Ras Al Khaimah offers Lower costs of
living and business operations
Cost of setting up and running a
business is 25% - 50% lower than
the UAE average
Cost of living is substantially less than
the UAE average
Labour
Real Estate
Fees
Consumables
Lease Rates
Recreation & Entertainment
Land
Education
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Why live in Ras Al Khaimah?
▸An open, family-oriented and welcoming place to
live
▸Bask in the hospitality of nationals and expats
alike
▸Enjoy a safe, family-oriented environment
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
▸Recreational facilities
▸Beach access
▸Local amenities
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Why live in Ras Al Khaimah?
Culture
A heritage going back 5,000 years that manifests itself in
numerous archaeological sites
▸National Museum of Ras Al Khaimah
▸Zayed Heritage Village
▸Dhaya Fort – 16th century structure prominent in the emirate’s
history
Entertainment & Recreation
▸Outdoor activities:
▸ Watersports – jet skiing, water skiing, sailing
▸ Iceland Water Park
▸ Dune safaris
▸ Camel racing
▸ Falconry – a historical pastime
▸ Al Hamra and Tower Links golf courses
▸Malls, restaurants serving a wide variety of international cuisines,
cafes and cinemas
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Why live in Ras Al Khaimah?
Education
A mix of public and private educational institutes across all
educational age groups, teaching to international standards
(International Baccalaureate, IGCSE):
▸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 to the degree that medical tourism
is on the rise in the emirate
▸Providing a wide range of treatments and procedures
▸City-wide network of clinics and pharmacies
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Key investment opportunities in Ras Al Khaimah
Freehold developments
and joint ventures
Free Zone and joint venture opportunities
Real Estate
Industry
Services
Hospitality & Tourism
Trade
Education
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INTRODUCTION TO RAK FREE TRADE ZONE
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Opportunities across multiple sectors
We welcome companies and entrepreneurs from virtually all business sectors to Ras Al Khaimah Free Trade
Zone. Our 7,500 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
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
▸
Concrete & precast structures
▸
Chemical engineering & manufacturing
▸
Plastics & Polymers
▸
Paint manufacture
▸
Rubber
▸
Lubricants
▸
Packaging products manufacturing
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Value-Added Distribution and Trading
▸
Food repackaging
▸
Antiques & artwork
▸
Aerospace spares
▸
Auto spares
▸
Building materials
▸
Medical equipment & pharmaceuticals
▸
Building equipment & machinery
Logistics
▸
Shipping management & chartering
▸
Commercial logistics services
Services
▸
E-commerce
▸
Legal & translation consultancy
▸
Logistics consultancy
▸
Auditing & financial consultancy
▸
ICT consultancy
▸
Marketing & Management
▸
Aerospace consultancy
▸
Oil & Gas consultancy
▸
Product training, service & repair
Education
▸
Universities
▸
Branch campuses
▸
Training institutes
▸
Distance / Online learning
▸
Educational services
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Rak ftz-full business startup packages
Setting up a business in Ras Al Khaimah is quick and easy. The free zones allow you to own 100 per
cent of your business, and provide comprehensive packages, including licences, visas and company
registration.
▸
Quick and easy registration
▸
Fast-track business licences for nearly all activities
▸
Visa issuance – renewable three-year residence visas for investors, managers and workers
▸
Support for opening UAE bank accounts
▸
Affordable business packages for all company sizes starting from approximately USD$4,000
Everything You Need to Start Operations Within Two Weeks
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Facilities At rak ftz - Offices
Business Incubator Packages / Flexi Facilities
▸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
Executive
Offices
▸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
▸
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Facilities at rak ftz - Warehouses and Land
Warehouses
▸Prefabricated units sized from
150 to 460 m2
▸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
Land
▸
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Plots of various sizes (5,000 m2 min.) available for industrial
development
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Investment supportive regulatory environment
Renowned for having one of the best regulatory environments in the region, RAK FTZ offers a highly
attractive economic package to foreign businesses. Moreover, Ras Al Khaimah’s excellent
infrastructure and logistical support, competitive energy costs, minimum bureaucracy, stable
government and investor friendly policies have added to the emirate’s global appeal.
100% foreign ownership, with flexible legal structures including;
▸LLC
▸Branch
▸Subsidiary
Labour
▸Freedom to source labour from anywhere around the world
▸Ample availability of labour in the UAE across a range of costs and qualifications
▸Ability to build your own labour accommodation on site
We Roll Out The Red Carpet and Cut The Red Tape for Investors
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Investors come to the rak ftz
from around the world
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Thank you for your attention
Find out what more than 7,500 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
facebook.com/rakftz
twitter.com/rakftz
youtube.com/rakftz
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