Platform to set up business in UAE.

KOCHI: Ras Al Khaimah
Free Trade Zone Authority
(RAK FTZ) India Liaison
offi ce head Bissoon Surnam
said they were setting up a
platform for businessmen
and entrepreneurs to set up
business in UAE.
Addressing the business
community at a three-day
interactive sessions with
Ras Al Khaimah Free Trade
Zone Authority (RAK FTZ),
Government of Ras Al
Khaimah, UAE which begin
here on Tuesday, he said the
procedures were simple and
fast and were very transparent
and cost effective.
RAK FTZ had developed
an array of fi rst-class
business centres across the
UAE, which offer a wide
range of business solutions
to meet the evolving and
ever-growing business demands,
stated Jithu Alex
Peter, Business Investment
Consultant and Shaji Parameswaran,
Sales Executive,
RAK FTZ in their address to
the gathering.
The RAK offi cials also
explained the process to set
up new ventures at UAE.
With an initial investment
of online 2.5 Lakh, Indian
businessmen have the opportunity
to set up an offi ce
in UAE. Hundred per cent
capital and profi t repatriation
is allowed and there is
no tax on the income, they
said.
The three-day interactive
sessions - a series of seminars
and presentations followed
by B2B interactive
meeting sessions has been
organised in Kochi association
with KCCI to help the
entrepreneurs in Kerala who
wish to open up new business
projects in RAK. Savio
Mathew, Secretary KCCI
said that Kerala Chamber
is always ready to welcome
such initiatives that would
help entrepreneurs in the
State.