Comments /568 Views / Monday, 13 June 2016 00:00
The International Chamber of Commerce of Sri Lanka (ICCSL) is organising a special awareness program on the attractive Investment environment prevailing in the emirate of Ras Al Khaima (RAK) in the United Arab Emirates (UAE) and the opportunities it offers for suitable Sri Lankan investors. The awareness program is jointly organised by ICCSL and RAK Investment Authority (RAKIA) with the participation of representatives of Commercial Banks and Department of Exchange Control. The program will be held on 17 June from 9 a.m. to 12 noon at Hotel Galadari.
The RAK Investment Authority (RAKIA) is a leading business destination committed to providing a pro-business environment, regulatory stability and robust infrastructure in the emirate of Ras Al Khaimah (RAK) in the United Arab Emirates (UAE). Comprised of two dedicated industrial parks, a combined area of 28-million square metres, RAKIA provides hassle-free business set-up, state-of-the-art facilities and economical solutions to help clients compete regionally and globally.
Offering competitive free zone and non-free zone facilities, RAKIA provides industrial and business investors the benefit of smooth set up of their operations in a dynamic and synergistic environment. At RAKIA, investors can get everything from business licenses to leasing options on land and office spaces to visas. RAKIA’s facilities and solutions cover a broad swath of client needs with warehouses, commercial and residential units.
Situated less than one hour from Dubai, Ras al Khaimah is strategically located between the East and the West, serving as an important hub for investors and travellers from Europe, the Middle East, Africa and Asia. For tenants with import and export requirements, RAKIA is perfectly positioned near world-class airports and seaports, and is a gateway to the growing markets of the Middle East and North Africa with a population of 350 million consumers, as well as to the 1.5 billion-strong consumer base in South Asia.
With easy access to the strategic market, 31% of world’s population in a four-hour flying radius, proximity to express highways, seaports and airports, a 45-minute drive from Dubai International Airport and Ras Al Khaimah’s geostrategic location in the Arabian Gulf, which is crucial factor for exports in the MENA and Asia region, make RAKIA a cost effective place to manufacture and produce goods serving three continents.
RAKIA offers 100% foreign ownership, 100% income tax and corporate tax exemption, and 100% capital and profit repatriation, making it the most attractive and fastest growing free zone for many aspiring entrepreneurs.
RAKIA’s approach has earned the company a respectable reputation in the free zone world and a growing portfolio of investors across sectors. Owing to the strategic advantages and investor-oriented policies, RAKIA is home to over 500 international manufacturers and thousands of SMEs in various sectors, including metal, chemicals, food, plastics and automotive. Some of the major clients include UK’s Kelly Steel, Ahmad Tea, Novas Sealing, Vesuvius, USA’s Guardian Glass, Saudi’s Zamil Steel, UAE’s Falcon Technologies International, South Korea’s Posco, India’s Ashok Leyland, JBF, Dabur & Mahindra Motors, Germany’s Duscholux, and the French manufacturers Arc International and Saverglass.
Participation in the program will be limited and will be strictly on prior registration basis. Interested persons can contact the ICCSL Secretariat for Registration on 0112-307841.
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