UAE trade body invites Indian entrepreneurs to set up business
Recognising the rapid growth and huge potential, particularly among SMEs in
Maharashtra, Ras Al Khaimah Free Trade Zone Authority (RAK FTZ) has invited
Indian entrepreneurs to set up business in the United Arab Emirates (UAE).
UAE-based RAK FTZ is holding a series of seminars and presentations followed
by B2B interactive sessions for entrepreneurs in Mumbai from October 30 to
November 1. Senior officials from RAK FTZ will meet and assist businessmen
in setting up operations in the UAE, a statement said.
With an initial investment of just Rs 2.5 lakh, Indian businessmen have the
opportunity to set up an office in the UAE and enjoy all tax incentives and
100 per cent capital & profit repatriation, it said.
Furthermore, they are eligible to apply for one UAE residence visa (family
status) valid for three years and a bank account in UAE plus other
advantages, the release said.
According to Maryam Al Murshedi, Deputy Director General of RAK FTZ, “we are
looking to strengthen our position as a business hub and help SMEs connect
to emerging markets such as the Middle East and North Africa. We are also
focusing on providing more value-added services for our clients.”
Maharashtra presents a huge potential since it houses a large number of SMEs
who are seeking to expand overseas. Since Mumbai has a high concentration of
business entities, we believe that our forthcoming road show will be a good
opportunity for these business entities to take advantage of our competitive
packages in order to grow and expand their business not only in the UAE but
also in the Middle East & North Africa, Murshedi said.
