Trade officials from Ras Al Khaimah Free Trade Zone (RAK FTZ), a free-trade zone in the emirate of Ras Al Khaimah, are in Kerala to identify potential investors from the SME sector.
The zone, one of the fastest growing free-trade zones, hosts companies from 106 countries, and allows a minimum initial investment of Rs 2.3 lakh for setting up an office in the UAE.
The team from RAK FTZ’s Mumbai liaison office will hold interactive sessions and consultative meetings with potential investors here from April 18 to 20. It will hold orientation programme on all three days, introducing RAK FTZ and detailing the products and services it has to offer.
"Our target is to increase registrations by 15 per cent by the end of this year. We are also focusing on providing more value-added services to our clients with the launch of our Mazeed Services. Kerala presents a huge potential, with a large number of SMEs operating in different sectors, which want to expand overseas,”said Oussama El Omari, CEO of RAK FTZ.
The free-trade zone offers on-demand and custom-built support services to investors in a cost-effective and flexible environment. It also offers a range of services, including legal, human resources and marketing assistance.
RAK FTZ has a unique four-park system consisting of a business park, industrial park, technology park and academy zone. It is backed by legislation allowing 100 per cent foreign ownership, offers a tax-free environment, transparent laws and 100 per cent capital and profit repatriation.