Ras Al Khaimah FTZ Inks Contract with KCCI - The New Indian Express

Ras Al Khaimah FTZ Inks Contract with KCCI

Published: 05th April 2014 06:00 AM

Last Updated: 05th April 2014 01:18 AM

Kerala Chamber of Commerce and Industry (KCCI) has tied up with Ras Al Khaimah Free Trade Zone Authority for attracting investors from Kerala to Ras Al Khaimah (UAE).

A seminar in this regard to give a first-hand information on the procedures for setting up a company in the Ras Al Khaimah will be held from April 7 to April 9 at KCCI Chamber Hall in Kochi.

The seminar will be on “Ras Al Khaimah Free Trade Zone: The Right Location For Your Future Investment”.

A communication from the Ras Al Khaimah Free Trade Zone Authority has said that an investor can set up a company in the UAE at minimum cost,  without any hidden costs and in a short span of time with 100 per cent ownership and there is no requirement for a local sponsor.

There will be eligibility for UAE residence visas with ‘family status and bank account.

Besides, the investor can enjoy the facility of  zero per cent corporate tax  and zero per cent income tax, 100 per cent free repatriation of capital and profits.

At the discussion in Kochi, the prospective investors can interact with a high-level

delegation comprising senior officials from RAK Free Trade Zone Authority Government of RAK, UAE) during the three-day programme.

A series of seminars and presentation sessions are being organised on the occasion.

This will be a unique opportunity for the Indian businessmen to gather all information regarding the setting up of a company in RAK Free Trade Zone and the different types of licences, the facilities and services available and the taxation issues between the UAE and India.

KCCI chairman E P George will inaugurate the programme on April 7.  KCCI Exclusive B2B meetings will be the highlights on April 8 and 9.

The RAK Free Trade Zone (www.rakftz.com) is one of the fastest growing, most cost-effective free zones of the region and it is rapidly emerging as the preferred business hub in the region.

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