Ranking seventh worldwide in FDI, the city succeeded in attracting 24/7 new investment projects
Ranking seventh worldwide in FDI, the city also succeeded in attracting 24/7 new investment projects, announced its position as a preferred international investment destination.
With an inflow of about Dh25.5 billion in 2017, Dubai has succeeded in maintaining its position among the top 10 global cities in attracting foreign direct investment (FDI). That was a solid 27.5 percent increase over the previous year, when it had booked Dh20 billion.
UAE Free Trade Zones(FTZs) can be an attractive option for foreign investors and Business alike.
The exemptions are free zones where foreign companies can have 100 percent ownership. The general incentives offered by the UAE Foreign Trade Zone are more or less the same and all grant upto 100% foreign ownership ,complete exemptions of Taxes from customs and commercial levies.
Opportunities for Indian companies in UAE SEZs :
As, UAE has a large Indian population, and is home to between 50,000 and 60,000 Indian companies.
Opportunities for investments by Indians living in the UAE and Indian companies coming to the country are tremendous.
India currently receives about $60 billion of FDI does about $20-30 billion of export FDI our rough estimate is that Indians would have invested about $40-50 billion.
Besides this, in the past four years alone, Indians have been investing $5 billion every year in Dubai’s property market and UAE’s education, transportation, tourism and industrial sectors are attractive for Indian investments too.
Major advantages in operating in Free Zone:
-100% Foreign ownership of the enterprise
-100% import and export Tax exemptions
– 100% repatriation of capital and profits
– No corporate taxes for 15 years and can be renewed for an additional 15 year
– No personal income taxes
– Less Documentation
– Assistance for labour recruitment and additional services like sponsorship and housing
Moreover, the Free Zone could prove to be the mechanism not only for a new impetus to diversification, But also for changing the very face of industrial activity in this region.
– world class Economic Zone
Ras al Khaimah (RAK) Set up in 2000 on Al Hulayla Island, which covers an area of 1,684 km2(650 sq mi), this free zone aims to attract all types of investment with an aggressive marketing plan that aims to turn this zone into the leading free zone of the northern emirates.
It is one of the seven Emirates that make up the United Arab Emirates(UAE).
They are the preferred Business Destination of more than 13000 Multinational Company from over 100 countries representing above 50 Sectors.
RAK aimed at offering highly customised facilities and services with an effective and efficient ecosystem in Khaimah.
Ras AI Khaimah Economic Zone (RAKEZ) was established to strengthen the specialised parks and clients of both RAK Free Trade Zone(RAKTEZ) and RAK Investment Authority(RAKIA).
It connects investors to growing markets of the Middle East, North Africa, Europe as well as South and Central Asia.
Cost Effective Business Solutions:
– Free Zone and non-Free Zone Company Formation.
-Provision to build-on site staff and labour accommodation .
-one-Stop shop facility for Services.
-Connectivity to major logistical hubs multilane super highways.
RAKEZ offers a variety of Business licences covering and array of activities:
Commercial Educational E-Commerce General Trading
Industrial Media Individual Services
Five- year strategic Plan
The free zone is also developing a five-year strategic plan that will see the RAK Academic Free Zone become an international hub for higher learning and academic research. In the near future, RAK FTZ will focus on back-office services, including IT, consultancies, services, call centres and outsourcing.