Welcome to RAKIA. The Land of Business Opportunities

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Welcome to RAKIA. The Land of Business Opportunities"

Transcription

1 Welcome to RAKIA The Land of Business Opportunities

2 Ras Al Khaimah At a Glance Ras Al Khaimah GDP Growth USD 6.55 Billion (2012) Umm al Quwain Ajman Sharjah Fujairah Dubai USD 4.5 Billion (2009) Abu Dhabi UAE OMAN Population Manufacturing of GDP

3 RAK Investment Authority (RAKIA) At a Glance A regional hub for industrial, trade and commerce Complete range of business set up solutions Industrial parks Free Zone Non Free Zone Offshore Media City

4 RAKIA Others 13% Investor Pattern Pakistan 5% America 4% India 25% Number of Companies GCC 16% Europe (excl. UK) 14% MENA (excl. GCC) 16% UK 7% Established in 2005, RAKIA is home to over companies including manufacturing units.

5 Potential Market MENA Population: of the world s crude oil reserves of gas reserves GCC Population: of the world crude oil reserves GDP: (2012) UAE Population: GDP: Manufacturing Exports Intellectual property protection - UAE 1 st in MENA

6 Location Advantage Saqr Port 52 km Ras al Khaimah Hamriyah Port 80 km RAKIA Al Hamra RAK Airport 35 km Dubai Dubai Airport 86km Sharjah Airport 70 km RAKIA Al Ghail Port of Fujairah 114 km Jebel Ali Port 123 km UAE Distance to major ports & airports from Al Hamra Industrial Park

7 RAKIA Advantages 1. Low cost of business setup and operations Enables duty free trade with all GCC countries Most competitive lease rates in the region 100% tax exemptions 100% foreign ownership in Free Zone companies 100% repatriation of capital and profits Availability of affordable utilities Low cost of living and high living standards 2. Strategic location 45 minutes from Dubai UAE s first point of entry in Arabian Gulf Easy access to the strategic markets 3 billion consumers in 5 hours flying radius Proximity to 2 express highways, 3 sea ports and 3 airports. Planned railway network by Ease of doing business Free Zone and Non Free Zone One stop shop for business formation Customised business set up solutions Quick and efficient services Political & economic stability Transparent laws and regulations No restriction on hiring expatriates Fixed exchange rate against US Dollar 4. Business facilitation Presence of world class R&D and incubation centres Business community including 500 manufacturers Complete range of business solutions and facilities

8 RAKIA

9 Industrial Land & Warehouses Industrial Land Guardian RAK - Glass Al Hamra Industrial Park : of the area leased Al Ghail Industrial Park : of the area leased Area starting from, renewable Offices & labor accommodations within premises uninterrupted power supply Warehouses Located in Al Hamra Industrial Park Size starting from to Minimum electricity load Security, drainage & alarm systems Suitable for storage & small scale industries etc. Mahindra - Automotive

10 Office Space & Business Center Office Space State-of-the-art business space for service oriented companies Executive offices from Cubicle offices from to Flexi offices or shared workstation Business Center Conference room facility Business lounge for networking and executive meetings High speed internet access On site aadministrative services

11 Types of Companies Business Licenses Free Zone Company Non Free Zone Company Industrial Media Trading Limited Liability Company (2 or more partners) Establishment Branch Consulting/ Services Commercial General Trading

12 Free Zone vs. Non Free Zone Key feature Free Zone Non Free Zone Ownership 100% foreign ownership Up to 49% foreign ownership Tax 100% tax free 100% tax free Sales in local market Through distributors and / or local agents Direct Customs duty Capital & profit repatriation No customs duties within Free Zone 5% customs duty to be paid on deposit, for goods in transit between points of entry (seaports/airports/borders) and Free Zones and Free Zones to point of exit (export). 5% customs duty for sales to local market (import) and GCC (first point of entry-import). Local customs duties applicable for imports into other countries. 100% Allowed No customs duty applicable for sales of locally manufactured goods in GCC and GAFTA countries Local customs duties applicable for imports in to other countries As per the contract between partners Labour Law Free Zone rules and labour law UAE labour laws

13 Business setup - Tariffs Free Zone License Tariffs (AED) Tariffs (USD) Industrial 26,000 7,079 Commercial/ Trading General Trading Consulting/ Services 15,500 4,220 24,500 6,670 19,500 5,309 Non Free Zone License Tariffs (AED) Tariffs (USD) Industrial 40,750 11,094 Commercial/ Trading 36,000 9,801 General Trading 42,000 11,435 Consulting /Services 36,500 9,937 Land Lease Particulars (AED/sqm/Year) (USD/sqm/Year) Land Lease Property Lease Particulars (AED/sqm/Year) (USD/sqm/Year) Offices Flexi desk 5000/unit 1,361/unit

14 RAKIA Automotive Chemical Plastics Building Materials Metals Food Processing Glass

15 in RAKIA

16 Doing Business in RAKIA- An Indian Perspective Key feature India Ras Al Khaimah Direct Tax 33.99% on companies registered in India 41.2% on branch of foreign companies No Corporate Tax Import Duty App. 28% Zero duties for free zone companies, duty exemption on raw materials & machinery for non free zone companies Indirect Taxes Duties on Exports to MENA region Workforce Mobility Hiring & Restructuring of labour Foreign Exchange Transaction Excise Duty (12.36%), State Entry Tax/ octroi duty, VAT/ CST Customs duties in destination country (no free trade agreements currently in force between India and any Middle East country) Visa required for engineers/ consultants for each country visited Subject to federal and state laws, notably Factories Act, 1948, Industrial Disputes Act, 1947, Workmen s Compensation Act, 1923 Subject to exchange rate fluctuations 0% Duty free exports to GCC Countries, preferential rates on export to Middle East countries in Greater Arab Free Trade Area (GAFTA) Free movement within GCC with UAE residence visa, visa on arrival in many Middle East countries No restriction on hiring and restructuring Fixed exchange rate vis-à-vis US Dollar MENA= Middle East & North Africa

17 IT Sector

18 Market Potential Population Growth in GCC countries by the end of 2014 Growth rate of of the population are under the age of 35 Growing Telecommunication Services in MENA Broadband household penetration: 18.5% in 2010 to 38.5% in 2014 Internet household penetration: 39.7% in 2010 to 64.3% in 2014 One of the Fastest Growing ICT Regions in the World US$ 82 billion Total ICT spend in MENA by 2015 Telecom market to contribute US$ 50 billion by 2015 IT products & services to reach US$ 32 billion by % growth predicted in the IT sector UAE the second largest ICT spender after KSA

19 Demand Drivers in UAE Strong growth in key sectors of the economy: real estate, banking, oil & gas, manufacturing, retail, telecom etc. Public sector investments in improving government services, education, and healthcare and increasing focus on e-governance systems Fast-growing market demand for IT outsourcing services SME market within the UAE is expected to account for 45% of ICT expenditure by 2015 Convergence, emergence of cloud computing and a greater adoption of outsourced and managed services Demand for IT and related services Arabic, French, Turkish etc. (ITES) in multiple regional languages: Growing demand for security systems in the SME & government segments

20 UAE: Key Rankings Quality of Overall Infrastructure Availability of Latest Technologies Firm-Level Technology Absorption FDI & Technology Transfer Source: Global Competitive Report, World Economic Forum

21 UAE Key Rankings Government Spending on Advanced Technology Products Availability of Scientists & Engineers Source: Global Competitive Report, World Economic Forum

22 Factors Favouring IT Operations in UAE Geographic Location Favourable Regulation Critical Skills Mass Quality of Life UAE IT Sector Tax Incentives Speedy Set up Presence of entire value chain World-class Infrastructure Source: Frost & Sullivan

23 IT & Related Skill Sets Available in the UAE CRM Services / Call Centers Customer Service Telesales Market research and promotion Customer support Consumer research Outbound data capturing and cleaning IT Services Network management & maintenance Application development Implementation services Packaged application outsourcing Infrastructure outsourcing Web design & development Finance & Accounting Services Billing Claims & application processing Accounts payable Accounts receivable Financial reporting Auditing & compliance Human Resource Services Payroll administration Recruitment Training Employee administration Procurement Services Direct & indirect procurement Direct & indirect procurement Supply chain management Other Specialist Services / KPO Transcription Legal services Data Analytics Business intelligence Shared services Debt collection Document management Asset management IT helpdesk Emergency services Business Continuity Securities Source: Frost & Sullivan

24 Key Benefits for IT Companies Positive impact on company s bottom-line RAKIA offers 100% tax exemption which would result in savings in corporate taxes and a direct impact on the company s financials. Improved compensation for employees Tax exemptions are applicable for individuals and hence employees need not pay any income taxes. This results in an increase in net compensation for the employees and their savings. No uncertainties in pricing Ideal time zone UAE s currency, AED has a fixed exchange rate against USD. Services and solutions can be priced with more certainty. UAE has a time zone that bridges the Far East and Europe on the East West axis and the CIS and Africa on the North South axis. Availability of multi-lingual professionals Availability of multi-lingual professionals (Arabic, English, French, Russian, Urdu, Persian, Turkish etc.) opens up new strategic markets.

25 Ease of doing business + New growing market Benefit from the opportunity

China Offshore Summit SHENZHEN, CHINA

China Offshore Summit SHENZHEN, CHINA China Offshore Summit SHENZHEN, CHINA 25-26 May, 2016 1 UNITED ARAB EMIRATES 2 nd largest economy in the Gulf Cooperation Council (GCC) region Population of about 10 million GDP (2014): USD 419 billion

More information

DOING BUSINESS IN UAE & UAE FREE TRADE ZONES. Sudhir Kumar, Partner & Head Corporate Communications Chief Executive Officer-Morison (UAE) Consulting

DOING BUSINESS IN UAE & UAE FREE TRADE ZONES. Sudhir Kumar, Partner & Head Corporate Communications Chief Executive Officer-Morison (UAE) Consulting DOING BUSINESS IN UAE & UAE FREE TRADE ZONES Sudhir Kumar, Partner & Head Corporate Communications Chief Executive Officer-Morison (UAE) Consulting UAE (Dubai) UNIQUENESS Busiest trading hub of the Middle

More information

United Arab Emirates Fact sheet. www.dubai-offshore.com www.gws-offshore.com 1

United Arab Emirates Fact sheet. www.dubai-offshore.com www.gws-offshore.com 1 United Arab Emirates Fact sheet www.dubai-offshore.com www.gws-offshore.com 1 Introduction The United Arab Emirates enjoys an outstanding reputation as an international hub of multinational corporations

More information

DOING BUSINESS IN THE UNITED ARAB EMIRATES by Bashir Ahmed, Afridi & Angell, Dubai

DOING BUSINESS IN THE UNITED ARAB EMIRATES by Bashir Ahmed, Afridi & Angell, Dubai DOING BUSINESS IN THE UNITED ARAB EMIRATES by Bashir Ahmed, Afridi & Angell, Dubai I INTRODUCTION The United Arab Emirates (UAE) is a federation of seven Emirates that was formed by Abu Dhabi, Ajman, Dubai,

More information

Dubai. Abu Dhabi. Company Formation United Arab Emirates at a Glance

Dubai. Abu Dhabi. Company Formation United Arab Emirates at a Glance Dubai Abu Dhabi Contents Economic and Geographical Overview Branch of Representative office Company formation (type of companies) Free zones Limited liability companies STA range of services Economic and

More information

OUR PASSION- Professionalism Reliability Dedication. FREEDOM OF BUSINESS Setup your business through FAX : 00971 4 4253088

OUR PASSION- Professionalism Reliability Dedication. FREEDOM OF BUSINESS Setup your business through FAX : 00971 4 4253088 www.theultimate.ae www.theultimate-biz.com FREEDOM OF BUSINESS Setup your business through OUR PASSION- Professionalism Reliability Dedication 00971 4 4253088 FAX : 00971 4 4253088 DUBAI SHARJAH AJMAN

More information

www.fidfinvest.com Taxation in United Arab Emirates

www.fidfinvest.com Taxation in United Arab Emirates Taxation in United Arab Emirates The United Arab Emirates (UAE) is located on the southern coast of the Arabian Gulf and is a Federation of seven emirates, Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain,

More information

The world s first purpose-built e-commerce hub

The world s first purpose-built e-commerce hub The world s first purpose-built e-commerce hub Contents Start and grow your 02 e-commerce business Dubai placing you 04 at the centre of e-commerce Harness e-commerce 06 growth at Matajircom Strategic

More information

Welcome To Bahrain 1

Welcome To Bahrain 1 Welcome To Bahrain 1 Services Provided by the Economic Development Board (EDB) The EDB s Business Development Department provides free facilitation services for companies planning to establish or expand

More information

Bahrain-at the heart of the Gulf. Centrally Located and Regionally Connected Business Friendly Environment Economic Advantages Cosmopolitan Lifestyle

Bahrain-at the heart of the Gulf. Centrally Located and Regionally Connected Business Friendly Environment Economic Advantages Cosmopolitan Lifestyle Bahrain-at the heart of the Gulf Centrally Located and Regionally Connected Business Friendly Environment Economic Advantages Cosmopolitan Lifestyle Centrally Located An island similar in size to Singapore

More information

A Glimpse of Pricing and Reimbursement in the UAE

A Glimpse of Pricing and Reimbursement in the UAE ISPOR Arabic Network Forum United Arab Emirates Ministry of Health PROS & CONS OF PRICING AND REIMBURSEMENT SYSTEMS IN SAUDI ARABIA, EGYPT, UNITED ARAB EMIRATES, QATAR AND JORDAN A Glimpse of Pricing and

More information

Table of Cost & Professional Fees

Table of Cost & Professional Fees Dubai City & Its Free A. Dubai City (Non Free Zone) 2,547 5,000 7,547 Branch Company B01. Dubai Airport Free Zone Free Zone Establishment Free Zone Company Branch Company 1,362 1,000 5,000 7,362 B02. Jebel

More information

UAE Offshore Company Formation

UAE Offshore Company Formation UAE Offshore Company Formation Expanding and shifting your business activity through a UAE Offshore Company set up The Emirate of Ras Al Khaimah (RAK) has launched an offshore facility - The second in

More information

Methodology of estimating the population in UAE

Methodology of estimating the population in UAE Methodology of estimating the population in UAE 1) The Component Method : This method is used when data are available from a census (base year population), administrative records of births and deaths and

More information

DOING BUSINESS UNITED ARAB EMIRATES. 25 th day of November 2014

DOING BUSINESS UNITED ARAB EMIRATES. 25 th day of November 2014 DOING BUSINESS UNITED ARAB EMIRATES 25 th day of November 2014 EVOLVING LEGAL ENVIRONMENT FOREIGN OWNERSHIP SETTING UP REGULATORY AUTHORITY BUSINESS TYPES TAXATION CONTENTS LLC BRANCH FREE ZONE TRADES

More information

ICT Market Opportunities for SME and Large Enterprise

ICT Market Opportunities for SME and Large Enterprise ICT Market Opportunities for SME and Large Enterprise It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change Charles Darwin John Lincoln VP,

More information

Busiest ports. Asian Tiger. Business friendly. Highest Trade/GDP Ratio. 4 th biggest financial centre

Busiest ports. Asian Tiger. Business friendly. Highest Trade/GDP Ratio. 4 th biggest financial centre Busiest ports Business friendly Asian Tiger Highest Trade/GDP Ratio 4 th biggest financial centre Singapore economy at a glance: Singapore is a global trading power. Its strategic geographical location,

More information

Botswana s Competitive Business Advantage. Meshack Tshekedi, Chief Operations Officer February 2016

Botswana s Competitive Business Advantage. Meshack Tshekedi, Chief Operations Officer February 2016 Botswana s Competitive Business Advantage Meshack Tshekedi, Chief Operations Officer February 2016 Contents Introduction to Botswana, Macro-economic data Botswana s Competitiveness Strengths Pertinent

More information

Jordan Renewable Energy

Jordan Renewable Energy Jordan Renewable Energy Projects & investment Opportunities Take advantage. Turn to Jordan. Dr. Bashar Al-Zu bi, Senior Advisor to the CEO December 2010 and is the natural gateway into Iraq and its tremendous

More information

Dubai International Financial Centre (DIFC)

Dubai International Financial Centre (DIFC) BANKS The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting this region s markets with the economies

More information

ABIDC SERVICES. Corporate Profile. Offshore & Onshore company registration. www.abidc.ae

ABIDC SERVICES. Corporate Profile. Offshore & Onshore company registration. www.abidc.ae ABIDC SERVICES Offshore & Onshore company registration Consultancy & Management Services, Business Setup Services, Recruitment Services, All Types of company formations, Business Centers- Furnished Office

More information

Currency AED (dirhams), pegged to the US$ at approximately AED 3.67 to US$1

Currency AED (dirhams), pegged to the US$ at approximately AED 3.67 to US$1 United Arab Emirates including Dubai and Abu Dhabi Reggie Mezu The Cragus Group, Dubai Key facts Main tax rates Corporate tax rate: up to 50 percent 1 GST/VAT standard rate: nil Personal income tax top

More information

Taxation of Cross-Border Mergers and Acquisitions

Taxation of Cross-Border Mergers and Acquisitions KPMG INTERNATIONAL Taxation of Cross-Border Mergers and Acquisitions kpmg.com 2 : Taxation of Cross-Border Mergers and Acquisitions Introduction The (UAE) is a federation of seven Emirates: Abu Dhabi,

More information

4. Why Choose Dubai as Investment Location. 5. Reasons For Doing Business in Dubai. 6. Setting up a Business in Dubai

4. Why Choose Dubai as Investment Location. 5. Reasons For Doing Business in Dubai. 6. Setting up a Business in Dubai 1. Introduction to Fasttrack Business Center 2. About Dubai 3. Dubai Economy 4. Why Choose Dubai as Investment Location 5. Reasons For Doing Business in Dubai 6. Setting up a Business in Dubai 7. Visa

More information

SLB CONSULTING. Legal Aspects of Doing Business in the Gulf Countries. Presented By Me. Laila Sahyoun. Business Unit Networks Business Unit Networks

SLB CONSULTING. Legal Aspects of Doing Business in the Gulf Countries. Presented By Me. Laila Sahyoun. Business Unit Networks Business Unit Networks SLB CONSULTING Legal Aspects of Doing Business in the Gulf Countries Presented By Me. Laila Sahyoun Agenda 1. Transacting with Gulf Cooperation Council (GCC) 2. Strategic positioning & legal aspects 3.

More information

Dubai International Financial Centre (DIFC)

Dubai International Financial Centre (DIFC) Wealth Management The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting this region s markets with

More information

Investor Presentation First Quarter (Q1) 2011. www.dib.ae

Investor Presentation First Quarter (Q1) 2011. www.dib.ae Dubai Islamic Bank Investor Presentation First Quarter (Q1) 2011 www.dib.ae Disclaimer The information provided in this presentation should not be used as a substitute for any form of advice. Decisions

More information

ROMANIA S COMPETITIVE ADVANTAGES ON THE GLOBAL OUTSOURCING MARKET

ROMANIA S COMPETITIVE ADVANTAGES ON THE GLOBAL OUTSOURCING MARKET Bulletin of the Transilvania University of Braşov Series V: Economic Sciences Vol. 7 (56) No. 1-2014 ROMANIA S COMPETITIVE ADVANTAGES ON THE GLOBAL OUTSOURCING MARKET D. BOŞCOR 1 C. BĂLTESCU 1 Abstract:

More information

INVESTING IN SAINT LUCIA SPECIALIZED INVESTMENT OPPORTUNITIES FOR SMART BUSINESS

INVESTING IN SAINT LUCIA SPECIALIZED INVESTMENT OPPORTUNITIES FOR SMART BUSINESS INVESTING IN SAINT LUCIA SPECIALIZED INVESTMENT OPPORTUNITIES FOR SMART BUSINESS PRESENTED BY: McHale Andrew CEO INVEST SAINT LUCIA SAINT LUCIA - Country Profile 2 Source: Central Statistics Office ECONOMIC

More information

A plot is not only an allocated piece of land; it is also an idea, a plan, a story in the making.

A plot is not only an allocated piece of land; it is also an idea, a plan, a story in the making. Industry Powered MORE THAN JUST A PLOT A plot is not only an allocated piece of land; it is also an idea, a plan, a story in the making. By combining these definitions, we achieve something greater than

More information

Economic Development Report: United Arab Emirates

Economic Development Report: United Arab Emirates Economic Development Report: United Arab Emirates Saif Mohamed 12/16/10 Social Studies 10 - Block 1 -Background Information:!! The United Arab Emirates (UAE), is a federation that consists of seven states

More information

Sharjah Economy. Sharjah Overview

Sharjah Economy. Sharjah Overview 2 Sharjah Overview Sharjah is the third largest Emirate in the UAE with an area of around 2,590 Sq. km. The Emirate, which is one of the seven Emirates that make up the UAE, produced a GDP of more than

More information

Huhtamaki Flexible Packaging in the United Arab Emirates. Investor presentation November 10, 2015

Huhtamaki Flexible Packaging in the United Arab Emirates. Investor presentation November 10, 2015 Huhtamaki Flexible Packaging in the United Arab Emirates Investor presentation November 10, 2015 Huhtamaki at a glance We re the global specialist in packaging for food and drink Helping great products

More information

Dubai Islamic Bank. Investor Presentation June 30 th 2011. www.dib.ae

Dubai Islamic Bank. Investor Presentation June 30 th 2011. www.dib.ae Dubai Islamic Bank Investor Presentation June 30 th 2011 www.dib.ae Disclaimer The information provided in this presentation should not be used as a substitute for any form of advice. Decisions based on

More information

Recession and Employment in the Gulf

Recession and Employment in the Gulf Recession and Employment in the Gulf Saudi Arabia Kuwait Qatar Oman Bahrain UAE RESEARCH 2009 Introduction This research study is intended to provide an overview of key employment and recruitment trends

More information

Setting up your Business in UAE Issues to consider

Setting up your Business in UAE Issues to consider The UAE has a vibrant free economy, a significant proportion of its revenues arising from exports of oil and gas. The establishment of free zones has been an important feature of a diversification policy

More information

Dubai Islamic Bank. Investor Presentation September 30 th 2011. www.dib.ae

Dubai Islamic Bank. Investor Presentation September 30 th 2011. www.dib.ae Dubai Islamic Bank Investor Presentation September 30 th 2011 www.dib.ae Disclaimer The information provided in this presentation should not be used as a substitute for any form of advice. Decisions based

More information

MANAGING DIRECTOR S LETTER

MANAGING DIRECTOR S LETTER SUPPLY CHAIN & PROCUREMENT SALARY SURVEY GUIDE UAE 2014 CONTENTS MANAGING DIRECTOR S LETTER 2 SUPPLY CHAIN & PROCUREMENT 3 MARKET INSIGHT 4 SALARY GUIDE 5 UNDERSTANDING THIS GUIDE 6 TALK TO US 7 MANAGING

More information

Employment and job creation remain the hottest issues in the Middle East, including in the six countries of the Gulf Cooperation Council (GCC).

Employment and job creation remain the hottest issues in the Middle East, including in the six countries of the Gulf Cooperation Council (GCC). Introduction Employment and job creation remain the hottest issues in the Middle East, including in the six countries of the Gulf Cooperation Council (GCC). This research report, produced by online recruiting

More information

PRESS RELEASE FOR IMMEDIATE PUBLISHING

PRESS RELEASE FOR IMMEDIATE PUBLISHING PRESS RELEASE FOR IMMEDIATE PUBLISHING Abu Dhabi is hosting Malaysia Services Exhibition 2011(MSE 2011) UAE is Malaysia s largest trading partner in West Asia HH Sheikha Lubna opens MSE 2011) Over 100

More information

Management and Corporate Offices

Management and Corporate Offices Management and Corporate Offices DIFC Overview The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting

More information

Dubai --------------- Tax Free Business. Ramu Iyer - Al Kttbi & Associates

Dubai --------------- Tax Free Business. Ramu Iyer - Al Kttbi & Associates Dubai --------------- Tax Free Business Ramu Iyer - Al Kttbi & Associates Facts about Dubai Regional commercial hub State-of-the art infrastructure World-class business environment Expo 2020 Strategic

More information

Framework about establishing a business in the UAE

Framework about establishing a business in the UAE Framework about establishing a business in the UAE 1. Establishing a branch of a foreign company Branches of foreign companies can be set up in the UAE in two different forms. Besides the classical form

More information

Taking care of your Customer Relationship

Taking care of your Customer Relationship Taking care of your Customer Relationship NAOS Marketing Taking care of your Customer Relationship NAOS Marketing aims to become THE reference point for quality in Egypt and in the MENA region to assist

More information

RESEARCH Recruiting Online

RESEARCH Recruiting Online RESEARCH Recruiting Online A Guide for Decision Makers Introduction This guide is intended to provide employers with an overview of online recruitment and how it can be utilised to attract top talent effectively

More information

Oman 20/20 vision 16 Deloitte A Middle East Point of View Fall 2013

Oman 20/20 vision 16 Deloitte A Middle East Point of View Fall 2013 20/20 vision 16 Deloitte A Middle East Point of View Fall 2013 Once a middle-income economy heavily dependent on depleting oil resources, the Sultanate of Oman has been actively pursuing a development

More information

Customs and border management, including Northern Ireland Republic of Ireland

Customs and border management, including Northern Ireland Republic of Ireland What can business expect if Britain remains? 1. Issues impacting all businesses Trade prospects with, and market access to: European Union member states, non-eu member states with existing EU trade agreements,

More information

First Offshore. UAE Offshore Company Setup Blueprint Copyright: First Offshore David Bostock

First Offshore. UAE Offshore Company Setup Blueprint Copyright: First Offshore David Bostock First Offshore UAE Offshore Company Setup Blueprint Copyright: First Offshore David Bostock 2009-2010 Contents The UAE - business hub of the future... 4 Why choose The Emirates?... 4 So what does this

More information

Presentation to Public Utilities Commission of Sri Lanka

Presentation to Public Utilities Commission of Sri Lanka Presentation to Public Utilities Commission of Sri Lanka 4 th April 2013 Imran Furkan Executive Director - SLASSCOM THE GLOBAL OPPORTUNITY Global Off-shoring Market Size c.usd 200Bn Sri Lanka s Total Exports..c.USD

More information

Why Egypt Your guide to Egypt s strengths as an outsourcing destination

Why Egypt Your guide to Egypt s strengths as an outsourcing destination egypton.com Why Egypt Your guide to Egypt s strengths as an outsourcing destination A world-class home for IT and business process outsourcing An abundant technically skilled and uniquely multilingual

More information

INVESTMENT OPPORTUNITIES IN THE MALDIVES

INVESTMENT OPPORTUNITIES IN THE MALDIVES 27 th October 2015 INVESTMENT OPPORTUNITIES IN THE MALDIVES MPF_AFIN Finance (Basics) Masaryk University Faculty of Economics and Administration Lecturer: Ing. Luděk Benada Student: Ahmed Ameen Mohamed

More information

United Arab Emirates: more than an oil state

United Arab Emirates: more than an oil state 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Financial and Economic Analysis Business Opportunity Report United Arab Emirates June 2016 United Arab Emirates:

More information

COMPREHENSIVE BUSINESS SERVICES

COMPREHENSIVE BUSINESS SERVICES COMPREHENSIVE BUSINESS SERVICES CONTENTS About Cyprus... 02 Cyprus Tax Advantages... 04 About ANH Auditors - Consultants... 09 Audit... 10 Tax... 11 Business Consultancy... 12 Bookkeeping & Payroll...

More information

Air Arabia. Investor Presentation FY 2015

Air Arabia. Investor Presentation FY 2015 Air Arabia Investor Presentation FY 2015 Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information

More information

Doing business in United Arab Emirates

Doing business in United Arab Emirates Doing business in United Arab Emirates Country profile January 2011 Contents Preface 03 Environment 05 Foreign investment 13 Structure of business entities 20 Labour force 25 Taxation 29 Financial reporting

More information

Your Reliable Technology Partner

Your Reliable Technology Partner Your Reliable Technology Partner Introduction MDS UAE is part of Midis one of the largest technology companies in the Middle East and the emerging markets. Midis With more than 2500 professionals, 50 world

More information

LIVING & WORKING IN THE UNITED ARAB EMIRATES

LIVING & WORKING IN THE UNITED ARAB EMIRATES LIVING & WORKING IN THE UNITED ARAB EMIRATES WELCOME TO THE UNITED ARAB EMIRATES Welcome to our guide of the UAE, where will give you a basic understanding of what it is like to live and work in the most

More information

Saudi Arabian General Investment Authority SAGIA. Creating a Knowledge Economy in Saudi Arabia

Saudi Arabian General Investment Authority SAGIA. Creating a Knowledge Economy in Saudi Arabia Saudi Arabian General Investment Authority SAGIA Creating a Knowledge Economy in Saudi Arabia December 16, 2009 Building a knowledge based society is one of the kingdom Key economic priorities The Eighth

More information

Introduction: The region s most established asset management and wealth management centre

Introduction: The region s most established asset management and wealth management centre Asset Management 1 Introduction: The region s most established asset management and wealth management centre Welcome. We thank you for your interest in Bahrain s asset management and wealth management

More information

Contemporary Economic Issues Facing the 6th International Conference of the Middle East Economics Association Zayed University

Contemporary Economic Issues Facing the 6th International Conference of the Middle East Economics Association Zayed University Contemporary Economic Issues Facing the GCC @ 6th International Conference of the Middle East Economics Association Zayed University Dubai, March14-16, 2007 Dr. Nasser Saidi Chief Economist, DIFC Contemporary

More information

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE OECD China Conference on Foreign Investment 11 12 September 2000 Xiamen, People s Republic of China By Kaziah Abdul Kadir

More information

Business Process Outsourcing and IT-enabled services

Business Process Outsourcing and IT-enabled services Business Process Outsourcing and IT-enabled services Nedelyn Magtibay-Ramos Workshop on Central Asia s Participation in Global Supply Chains and its Implications to Development Policies Tokyo, Japan 12

More information

The UAE Economy : Policies to Support the Development of a World. Class Logistics Hub Middlesex University - Dubai

The UAE Economy : Policies to Support the Development of a World. Class Logistics Hub Middlesex University - Dubai The UAE Economy : Policies to Support the Development of a World Dr. Cedwyn Fernandes Class Logistics Hub Middlesex University - Dubai Dr. Cedwyn Fernandes Associate Professor Middlesex University Dubai

More information

Accountants & business advisers. Free Zones in the UAE

Accountants & business advisers. Free Zones in the UAE Accountants & business advisers Free Zones in the UAE PKF UAE VISION We will be the first choice for companies in their selection of professional advisers PKF UAE MISSION We will provide quality service

More information

Options for Business Activities in the UAE

Options for Business Activities in the UAE October 2013 Options for Business Activities in the UAE The matrix below provides an overview of the options available for a foreign company to conduct business activities within the United Arab Emirates

More information

Doing Business in the United Arab Emirates

Doing Business in the United Arab Emirates LW.com Doing Business in the United Arab Emirates Second Edition Contents A. Introduction...2 I II III Country Background Free Zones Status of Shari ah Law in the UAE B. establishing a legal presence in

More information

IRAQ. 2014 Exploring Business. STA Law Firm. www.ama.ae

IRAQ. 2014 Exploring Business. STA Law Firm. www.ama.ae U IRAQ 2014 Exploring Business STA Law Firm www.ama.ae At STA, a business set up does not only mean a company incorporation process. It means the start of new relationship with a client. Our team of lawyers

More information

DOING BUSINESS IN THE UAE 2014

DOING BUSINESS IN THE UAE 2014 DOING BUSINESS IN THE UAE 2014 1 DOING BUSINESS IN THE UNITED ARAB EMIRATES September 2014 2 TABLE OF CONTENTS INTRODUCTION 5 Part 1 GENERAL INFORMATION 9 Geographical location 9 Government 9 Population

More information

Kazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS

Kazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS Kazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS Agenda I. Why Kazakhstan is attractive for investors? II. Investing in Kazakhstan III. Contact details Why Kazakhstan is attractive for investors 1. Natural

More information

Setting Up an Offshore Investment Holding Company in the United Arab Emirates. Publication Date: 12 January 2016

Setting Up an Offshore Investment Holding Company in the United Arab Emirates. Publication Date: 12 January 2016 Setting Up an Offshore Investment Holding Company in the United Arab Emirates Publication Date: 12 January 2016 Setting up an Offshore Investment Holding Company in the United Arab Emirates Preface This

More information

Free Zones is a part of the territory of a Contracting Party where any goods introduced are generally regarded, insofar as import duties and taxes

Free Zones is a part of the territory of a Contracting Party where any goods introduced are generally regarded, insofar as import duties and taxes Free Zones is a part of the territory of a Contracting Party where any goods introduced are generally regarded, insofar as import duties and taxes are concerned, as being outside the Customs territory"

More information

Eyefortransport Middle East Summit - Dubai

Eyefortransport Middle East Summit - Dubai Middle East - Connecting the Middle East to the World: Key Success Factors for Logistics Companies by Dr. Mehmet Gumus American University of Outline 1. Logistics costs as % GDP 2. Integrated Logistics

More information

ANALYSIS OF LEBANON S TRAVEL AND TOURISM SECTOR

ANALYSIS OF LEBANON S TRAVEL AND TOURISM SECTOR ANALYSIS OF LEBANON S Table of Contents Travel and Tourism Contribution to the Economy 3 Travel and Tourism Contribution to GDP 3 Travel and Tourism Contribution to Employment 4 Travel and Tourism Sector

More information

Hamdan Bin Mubarak Al Nahyan

Hamdan Bin Mubarak Al Nahyan 1 2 THE UAE HIGHER EDUCATION FACTBOOK, 2013/2014 3 4 THE UAE HIGHER EDUCATION FACTBOOK, 2013/2014 Dear readers, We are pleased to introduce the first statistics guide on higher education in the United

More information

Challenges and Opportunities for Online Distance Learning in the UAE

Challenges and Opportunities for Online Distance Learning in the UAE Challenges and Opportunities for Online Distance Learning in the UAE 19 th September 2014 Pune, India Dr. Naji AlMahdi Chief of the National Institute for Vocational Education Content The United Arab Emirates

More information

DUBAI S LEGAL SYSTEM CREATING A LEGAL AND REGULATORY FRAMEWORK FOR A MODERN SOCIETY. Andrew Tarbuck & Chris Lester

DUBAI S LEGAL SYSTEM CREATING A LEGAL AND REGULATORY FRAMEWORK FOR A MODERN SOCIETY. Andrew Tarbuck & Chris Lester DUBAI S LEGAL SYSTEM CREATING A LEGAL AND REGULATORY FRAMEWORK FOR A MODERN SOCIETY Andrew Tarbuck & Chris Lester Published by Motivate Publishing Dubai: PO Box 2331, Dubai, UAE Tel: (+971 4) 282 4060,

More information

INDIRECT TAXES. Some of the indirect taxes are:

INDIRECT TAXES. Some of the indirect taxes are: INDIRECT TAXES Indirect Taxes are the charges levied by the State on consumption, expenditure, privilege, or right but not on income or property. Customs duties levied on imports, excise duties on production,

More information

Corporate Policy and Strategy Committee

Corporate Policy and Strategy Committee Corporate Policy and Strategy Committee 10:00am, Tuesday, 2 December 2014 Lord Provost visit to Ajman Municipality, United Arab Emirates Item number Report number Executive/routine Wards All Executive

More information

Cities of Sand or whose getting mailed to Abu Dhabi. Afton Clarke-Sather World Regional Geography July 23, 2009

Cities of Sand or whose getting mailed to Abu Dhabi. Afton Clarke-Sather World Regional Geography July 23, 2009 Cities of Sand or whose getting mailed to Abu Dhabi Afton Clarke-Sather World Regional Geography July 23, 2009 Map Quiz Middle East Cairo Dubai Istanbul Tehran Qatar Israel Lebanon Syria Persian Gulf Nile

More information

SETTING UP AN OFFSHORE COMPANY IN DUBAI MULTI COMMODITIES CENTRE (DMCC)

SETTING UP AN OFFSHORE COMPANY IN DUBAI MULTI COMMODITIES CENTRE (DMCC) SETTING UP AN OFFSHORE COMPANY IN DUBAI MULTI COMMODITIES CENTRE (DMCC) CORPORATE SERVICES Our greatest glory is not in never failing, but in rising up everytime we fail. Ralph Waldo Emerson Introduction

More information

An Overview Report on Contact Center Outsourcing Industry in India

An Overview Report on Contact Center Outsourcing Industry in India Global Journal of Management and Business Studies. ISSN 2248-9878 Volume 3, Number 3 (2013), pp. 295-302 Research India Publications http://www.ripublication.com/gjmbs.htm An Overview Report on Contact

More information

Understanding the GCC Education Sector a country by country guide

Understanding the GCC Education Sector a country by country guide www.pwc.com/me Understanding the GCC Education Sector a country by country guide Country Profile: UAE This series of infographics provides a country by country overview of the education sector in the GCC.

More information

Global commitment, central coordination, local delivery Doing business in Azerbaijan. Vugar Mammadov, 14 October, Belgium

Global commitment, central coordination, local delivery Doing business in Azerbaijan. Vugar Mammadov, 14 October, Belgium Global commitment, central coordination, local delivery Doing business in Azerbaijan Vugar Mammadov, 14 October, Belgium Table of contents Taxation Customs Other issues Current trends 2015 Deloitte & Touche,

More information

INVESTMENT AND LEASING OPPORTUNITIES AT MASDAR CITY

INVESTMENT AND LEASING OPPORTUNITIES AT MASDAR CITY INVESTMENT AND LEASING OPPORTUNITIES AT MASDAR CITY A PIONEERING HUB OF KNOWLEDGE AND COMMERCE MASDAR CITY CREATES AN ECOSYSTEM OF INNOVATION BY CONNECTING EDUCATION, RESEARCH AND BUSINESS IN A MUTUALLY

More information

Disclaimer. This presentation is strictly not to be distributed without the explicit consent of Company management under any circumstance.

Disclaimer. This presentation is strictly not to be distributed without the explicit consent of Company management under any circumstance. Air Arabia Investor Presentation 3 rd Quarter 2015 Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material

More information

Hong Kong Tax Report. Overview. Basic Facts. Janus Corporate Solutions (+65) February 19, At a glance. Lowest tax rates in Asia

Hong Kong Tax Report. Overview. Basic Facts. Janus Corporate Solutions (+65) February 19, At a glance. Lowest tax rates in Asia Hong Kong Tax Report Janus Corporate Solutions (+65) 6222-7445 February 19, 2010 At a glance Lowest tax rates in Asia No tax on foreign-sourced income No capital gains tax No sales tax or VAT No dividend

More information

WTO E-commerce Negotiations

WTO E-commerce Negotiations WTO E-commerce E Negotiations African Strategies for Bilateral and Multilateral Trade in Services Negotiations ILEAP Workshop Accra, Ghana Merch 9-12, March 2005 by: Abdoulaye Ndiaye Outline Definition

More information

Hong Kong: The Gateway to China InvestHK; Strengthening Hong Kong s Leading Position in Asia Cambridge, Thursday May 3 rd 2012

Hong Kong: The Gateway to China InvestHK; Strengthening Hong Kong s Leading Position in Asia Cambridge, Thursday May 3 rd 2012 Welcome to Hong Kong Hong Kong: The Gateway to China InvestHK; Strengthening Hong Kong s Leading Position in Asia Cambridge, Thursday May 3 rd 2012 David Parker, Head of Investment Promotion About InvestHK

More information

INCENTIVES FOR INVESTORS IN NORTHERN CYPRUS

INCENTIVES FOR INVESTORS IN NORTHERN CYPRUS INCENTIVES FOR INVESTORS IN NORTHERN CYPRUS Source: YAGA http://www.investinnorthcyprus.org/ The Primary Sectors in Northern Cyprus Tourism (specialized, non-seasonal or off-seasonal) Higher and Continuing

More information

TOP TEN Reasons to Invest in Portugal

TOP TEN Reasons to Invest in Portugal TOP TEN Reasons to Invest in Portugal October 2012 Reasons to Invest in Portugal Qualified, Motivated, Flexible and innovation-oriented Human Resources High Quality of Logistics, road, airport and seaport

More information

Egypt's ICT A General Overview. Dr. Magued Osman Minister of Communications & Information Technology

Egypt's ICT A General Overview. Dr. Magued Osman Minister of Communications & Information Technology Egypt's ICT A General Overview Dr. Magued Osman Dr. Magued Osman Minister of Communications & Information Technology After Jan 25: : Where we stand? Political Overview Quick major changes in the political

More information

Right Business Consulting

Right Business Consulting Company Overview Who we are & what we do! We do not believe in taking the right decision, we take decision and make it right Right Consulting Middle East is one of the leading corporate advisory firms

More information

Cyprus Citizenship-By-Investment Programme

Cyprus Citizenship-By-Investment Programme Cyprus Citizenship-By-Investment Programme CYPRUS / YIANNOS TRISOKKAS July 2015 Cyprus Overview Main Concerns? How fast can my citizenship get approved? Is residency required prior to my citizenship approval?

More information

The Jebel Ali Offshore Company is registered within the Jebel Ali Free Zone (JAFZA).

The Jebel Ali Offshore Company is registered within the Jebel Ali Free Zone (JAFZA). Jebel Ali Offshore Company (UAE Offshore Company) Overview The Jebel Ali Offshore Company is registered within the Jebel Ali Free Zone (JAFZA). JAFZA is a Dubai based government-owned free zone that was

More information

www.investnewcastlegateshead.com

www.investnewcastlegateshead.com Invest NEWCASTLEGATESHEAD WELCOME Welcome to NewcastleGateshead, one of the UK s fastest growing cities with world-renowned strengths in Life Sciences and Biotechnology; a significant and growing ICT software,

More information

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION February 2012 DAWEI Sea PROJECT Port Project DAWEI AND THE REGION PROJECT LOCATION Kunming India Middle East / Europe Dawei Africa Asia Regional Hub DAWEI Sea PROJECT Port Project DAWEI PROJECT OVERVIEW

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

Doha Airport / City Centre. Increase in tourist arrivals and opening of new hotels expected to keep the market growth in line with 2014 performance.

Doha Airport / City Centre. Increase in tourist arrivals and opening of new hotels expected to keep the market growth in line with 2014 performance. MENA Hotels August 2015 MENA HOTEL FORECASTS 3-Month Rolling Forecast Highlights Aug Oct 2015 YoY RevPAR Variance % Doha Airport / City Centre Increase in tourist arrivals and opening of new hotels expected

More information

Karnataka Electronic System Design and Manufacturing (ESDM) Policy 2013

Karnataka Electronic System Design and Manufacturing (ESDM) Policy 2013 Karnataka Electronic System Design and Manufacturing (ESDM) Policy 2013 1 Preamble 1. Electronic System Design and Manufacturing (ESDM) is the fastest growing segment of the Information and Communications

More information

a Grand Scale 4,000,000 Sq m OF MaSdar City 360 COMPANIES

a Grand Scale 4,000,000 Sq m OF MaSdar City 360 COMPANIES Investment and Leasing OPPORTUNITIES at Masdar City A UNIQUE Vision Engineered on a Grand Scale Masdar City s vibrant community is born of a national vision that IS responding to a global challenge The

More information