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					   Business Fortunes @ RAK Free Zone



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        The Ideal Place to Do Business

  “RAK” - Ras Al Khaimah is the Fourth largest of the
  seven emirates forming the United Arab Emirates (UAE).

  Abu Dhabi being the capital the other emirates are
  Dubai, Sharjah, Ras Al Khaimah, Fujairah, Ajman & Umm
  Al Qaiwain;

  Strategic geographic location, Stable Government,
  Transparent legal systems, Excellent Logistics System,
  Cost effective Labor & Abundant energy supply are few
  among the various other factors for the prosperous
  developments of the Emirates.


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                                   Location




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            Main Industries in RAK
•   Ceramics
•   Cement
•   Quarrying
•   Pharmaceuticals
•   Glass
•   Printing & packaging
•   Textile
•   Potable Water
•   Armored Vehicles
•   Water Treatment
    Equipment
•   Electrical Cables
•   Medical Equipment
•   Gold Jewelries
•   Perfumes
                 Tourism in RAK

•   Hotels & resorts
•   Golf clubs
•   Cruises
•   Water springs
•   Desert safaris
•   Ancient villages
                    RAK Free Trade Zone

  The RAK Free Trade Zone, established in the year
  2000, is an ideal place for setting up the business to
  conduct operations locally or Internationally;


  RAK Free Zone offers a cost effective location for
  business operations equipped with Modern facilities and
  State-of-the-art communications systems.


  Option for setting up Free Zone Entities & International
  Companies (Offshore).

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          RAK Free Zone - Two Registry



  On Shore - Free Zone Entity


  Offshore - International Companies.




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              Types of Free Zone Entities



 FZE - FREE ZONE ESTABLISHMENTS (Single Share Holder)


 FZC - FREE ZONE COMPANY (Two or more Share Holders)


 Br - BRANCH


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           Features of Free Zone Entities
 100% Foreign ownership

 No Corporate or Income taxes

 No restriction on Full repatriation of funds

 Availability of Serviced Offices, Pre Built warehouses and Land

 Long term renewable lease

 No import or re-export duties

 No restriction on hiring foreign employees

 Mortgage facility for all improvements made on the leased land.

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           International Company Registry
                   (Offshore Companies)

Governing legislation:

     RAKFTZ International Companies Regulation 2006

     RAKFTZ Registered Agents Regulation 2006

     RAKFTZ Anti Money Laundering Policies 2006




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Key Features – International Companies (Offshore)




       Confidentiality of beneficial ownership

       No public reporting

       Can own shares in other UAE companies

       Liability of shareholders are limited



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 Key Features – International Companies (Offshore)




Can Maintain bank accounts in the UAE

Can Employ services of local professionals

No restriction in activities other than Banking & Insurance.

Can do business in the UAE with appropriate License



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 Key Features….. Continues


Flexibility- minimum of one or more shareholders

Minimum requirement of one director

No minimum share capital

Able to issue Custodian shares , held by Registered Agent




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Key Features….. Continues


Custodian shares can be converted to registered shares


Multiple classes of shares possibilities


No requirement to hold directors or shareholders meeting’s


Sophisticated and flexible mechanism for alternate dispute resolution



                                                                         15
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Competitive Advantages

 No Tax Information Exchange Agreement with any country


 Ability to benefit from UAE Double Tax Treaties


 100% foreign ownership


 Zero income, capital or other taxes and duties


 Unrestricted repatriation of profits and capital

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Competitive Advantages

 Easy mechanisms for the transfer of shares or amendments



 No mandatory accounting or auditing requirements



 Low Government fees



 Easy registration of charges

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        Advantages over other offshore
               regimes in UAE
  Able to conduct business in the UAE with appropriate License


  Able to issue “Custodian Shares”, held by Registered Agent


  Able to trade in or own an interest in real property in the UAE


  Option to choose the applicable law.


  Cost Effective
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Restrictions

       Banking, Insurance and Reinsurance
       businesses, insurance agent or insurance
       broker in the Zone and UAE



       Not applicable                           to       do       the   business
       abroad.



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Free Zone Entities Vs International Companies
                                            Free Zone Entities:

     Should have physical presence (facility) in RAK
     Can do business in the zone and in UAE (through local agents)
     Can get license
     Should have minimum capital of AED: 100,000
     Should have the requirement of Annual accounts audit.
     Have restrictions in doing business activities (as per license only).
     Legal Documents to be signed in Free Zone
     Maximum permitted shareholders is 5
     Eligibility for Residence Visa
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Free Zone Entities Vs International Companies
                                     International Companies:

Not required to have physical Presence in the place of incorporation
No License
No Capital Requirement
No audit requirement
No activity restrictions (Other than of public policy)
Cannot Accept Clients directly (Only through Agents)
Legal Documents can be signed in agents office
No Maximum limit on shareholders
No Visa Eligibility
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     Range of proposed products and services
                8. Alternative                          1. Sharia/Common
              investments and                           Law/Civil Law Trusts &
           commodities exchanges                              Foundation's
                                                           -Partnerships
                                                             - Domicile




7. Open ended funds
    and securities
 investment services                                          2. Aircraft and Luxury
                                                             Yacht Registry services




6. Captive insurance                                              3. Segregated or
and fund back office                                                protected cell
      services                                                       companies




                   5. Closed end and        4. Valuable Asset
                    investment funds       register and storage
                 Private equity vehicles         facilities

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                      Positioning RAK:
           A comparison with other financial centres
Feature                     IC-RAK            BVI            Bermuda           Cayman        Mauritius(GBL1/GBL2)
Reservation of names        90 days          28 days                                            Required before
                                                                                                 incorporation
Minimum Directors              1                1                2                  1                 2/1
Corporate Directors           Yes              Yes              No                 Yes              No / Yes
Other officers             Secretary        Optional         Secretary          Optional            Optional
Incorporation times       24hrs-48 hrs        24hrs           4-5days         24hrs-2 days         15 / 3 days
Minimum shareholder(s)         1                1                1                  1                   1
Bearer shares            Yes/Restricted   Yes/Custodian         No           Yes/Custodian             No
Registered Office         Local agent      Local agent      Local Agent        Local agent         Local agent
Residency requirements       None             None        Representative &        None          Registered Office
                                                             Secretary                         Required for treaty
                                                                                               access (GBL 1 only)
AGM requirements             None             None              Yes              None                  Yes
Accounting statements        None             None              Yes              None          Yes & Audited / No




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                        Positioning RAK:
             A comparison with other financial centres
Feature                            IC-RAK            BVI             Bermuda           Cayman         Mauritius(GBL1/GBL2)
Government Fees(USD)                 $545        $350/$1,100         $1,870 to      $575 to $2,400        $2,000 / $200
                                                                      $29,220
Flexible M&A                          Yes              Yes               Yes               Yes           Yes-Business plan
Flexible resolutions                  Yes              Yes               Yes               Yes                  Yes
Confidentiality                       Yes              Yes               Yes               Yes                  Yes
Disclosure of beneficial owners       Yes              Yes         Yes/Vetted >5%          Yes          Yes - FSC approval
Registration of charges               Yes       Yes+ Common law   Yes+ Common law   Yes+ Common law        Yes+Civil Code
Migration                             Yes              Yes               Yes               Yes                  Yes
Amalgamation                      No/Proposed          Yes               Yes           No/Pending               Yes
Choice of Law                         Yes              No                No                No                   No
Double tax treaties                   Yes              No                No                No           Yes GBL1/ No GBL2
EU Savings Directive 20%              No               Yes               No                Yes                  No
TIEA’s (US/UK/Aust etc.)              No               Yes               Yes               Yes         No: Treaties provides
                                                                                                          this-MOU-India
Own local real estate                 Yes             No                No                No                    No




                                                                                                                               24
COUNTRY
                     UAE DTA’s
                    DATE         STATUS             EXCHANGE OF         LIMITATION OF
                                 (TERMINATION/      INFORMATION         BENEFITS
                                 ENTRY INTO         *(Not of            CLAUSE
                                 FORCE)             Information
                                                    locally required)
  1.   Algeria      28/11/2001   Indefinite term    OECD*               NONE
  2.   Armenia      29/12/2004   Indefinite term    OECD*               NONE
  3.   Austria      27/04/2004   Indefinite term    OECD*               NONE
  4.   Azerbaijan   30/04/2007   Indefinite term    OECD*               NONE
  5.   Belarus      2/02/2001    Indefinite term    OECD*               NONE
  6.   Belgium      26/06/1997   Indefinite term                        NONE-SPECIAL
                                                    OECD*               CONSULTATION
  7. Bosnia &       30/04/2007   Indefinite term
      Herzegovina                                   OECD*               NONE
  8. Bulgaria       22/01/2008   Indefinite term    OECD*               NONE
  9. Canada         7/01/2004    Indefinite term    OECD*               NONE
  10. China         05/06/1994   Indefinite term    OECD*               NONE
  11. Czech Rep.    26/06/1997   Indefinite term    OECD*               NONE
  12. Egypt         26/03/1995   Indefinite term    OECD*               NONE
  13. Finland       24/02/1997   Indefinite term    OECD*               NONE
  14. France        15/11/1989   Indefinite term    OECD*               NONE
  15. Germany       18/03/1996   New protocol       OECD*
                    (Expired)    being negotiated                       ARTICLE 23
  16. India         04/09/2007   Indefinite term    OECD*               ARTICLE 29
  17. Indonesia     17/6/1996    Indefinite term    OECD*               NONE

                                                                                        25
1.    Italy          20/11/1995   Indefinite term       OECD*           NONE
2.    Jordan                      Not in force          OECD*           NONE
3.    Korea          04/05/2004   Indefinite term       OECD*           ARTICLE 23
4.    Lebanon        25/10/1998   No official English
                                  version
5.    Luxembourg     07/05/2006   Not in force          OECD*           ARTICLE 28
6.    Malaysia       17/06/1996   Indefinite term       OECD*           NONE
7.    Mauritius      20/06/2007   Indefinite term       OECD*           NONE
8.    Malta          13/08/2006   Indefinite term
9.    Mongolia       29/11/2002   Not in force          OECD*           NONE
10.   Morocco        26/09/1999   Indefinite term       OECD*           NONE
11.   Mozambique     04/05/2004   Indefinite term       OECD*           NONE
12.   Netherlands    29/11/2007   Not in force          NEW OECD        NONE
                                                        PROVISIONS
13. New Zealand      04/05/2004   Indefinite term       NEW OECD        NONE
                                                        PROVISIONS
14.   Pakistan       29/01/1994   Indefinite term       OECD* (check)   NONE
15.   Philippines    29/12/2004   Indefinite term       OECD*           NONE
16.   Poland         29/01/1994   Indefinite term       OECD*           NONE
17.   Romania        9/01/1996    Indefinite term       OECD*           NONE
18.   Seychelles     6/02/2007    Indefinite term       OECD*           NONE
19.   Singapore      17/06/1996   Indefinite term       OECD*           NONE
20.   Spain          13/08/2006   Indefinite term       NEW OECD        NONE
                                                        PROVISIONS
21. Sri Lanka        24/09/2003   Indefinite term       OECD*           NONE
22. Sudan            28/11/2001   Not in force          OECD*           NONE
23. Syria            11/06/2000   No official English
                                  version
24.   Tajikistan     29/01/2000   Indefinite term       OECD*           NONE
25.   Thailand       12/11/2000   Indefinite term       OECD*           NONE
26.   Tunisia        24/02/1997   Indefinite term       OECD*           NONE
27.   Turkey         29/01/1994   Indefinite term       OECD*           NONE
28.   Turkmenistan   24/11/1999   Indefinite term                       NONE
29.   Ukraine        28/02/2004   Indefinite term       OECD*           NONE
30.   Uzbekistan     26/10/2007   No information
31.   Yemen          25/08/2001   No official English
                                  version
                                                                                     26
               Growth of the FTZ

                                                                  1742
1800
                                                          1541
1600                                              1406
1400
1200
1000
 800                                       653
 600
                                    322
 400                         188
                      134
 200     15     50
   0
       2000   2001   2002   2003   2004   2005   2006    2007    2008




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Why RAK



Transparent, Tax Free, Corruption Free location to do business

Political Stability

Assurances and mechanisms for total confidentiality, unless
suspicion of criminal activity and hence required by the UAE
regulatory bodies.

UAE in the OECD White List


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Why RAK


The facilities such as beautiful hotels, resorts, housing
complexes, quality hospitals, schools, shopping centres,
International Banks & recreation facilities together make RAK an
ideal place for setting up business.

Our Single window services, Professional staff members &
efficient customer service has facilitated us in being selected as
the “Best Emerging Free Zone” in the Region by the Middle East
Logistic Awards Committee for the past three consecutive years.




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Summary

  Existing and new products will provide you with the flexibility to use
   UAE as the global financial centre all international, trust and asset
   protection activities

  UAE with its time zone and offshore/onshore facilities allows you to
   develop a global model for business that can deal with:

               Asia during the morning;
               Europe during the day; and
               the US/Americas in the late afternoon.




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                                                                                                                                   www.rakftz.com




                                                                                   Where Opportunities Are Ahead




                                                                                                              Unprecedented Success Stories




                                                                 Committed to Serve you……
                                                                                       Thank you!



                                                                                   www.rakftz.com@2006


RAK – DUBAI – ABU DHABI – INDIA – IRAN – UK – CANADA – RAK – DUBAI – ABU DHABI – INDIA – IRAN – UK – CANADA – RAK – DUBAI - IRAN

				
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