Gulf coop coun

OPPORTUNITIES FOR INDIA DOING BUSINESS WITH GCC

HISTORY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Map Indicating CCASG Members Official languages Arabic Type Trade bloc Membership Arab states of the Persian Gulf Leaders Secretary-General Abdul Rahman Ibn Hamad Al-Attiyah Establishment As the Gulf Cooperation Council (GCC) May 25, 1981 Population Estimate 40,338,196 GDP (nominal) Estimate T otal $1,103,235 million Per capita $22,083

Key indicators Name Capital Inhabitants Sq km GDP (mil. US$) Currency Bahrain Manama 1.046.814 716 15.354 Bahrain Dinar Qatar Doha 1.307.229 11.437 52.722 Qatari Riyal Kuwait Kuwait City 2.460.000 17.818 95.924 Kuwaiti Dinar Oman Muscat 2.534.000 309.500 35.990 Omani Rial Saudi Arabia Riyadh 26.417.599 2.240.000 572.200 Saudi Riyal United Arab Emirates Abu Dhabi 4.588.697 83.600 163.296 UAE Dirham

OBJECTIVE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Business practice and culture Business week - Saturday to Thursday Weekend holiday – Friday Working hours: Govt. - 7:30 am to 2:30 pm (Sat-Wed) Private - 8 am to 1 pm and 4 pm to 7 pm (Sat- Wed) - 8 am to 1 30 pm (Thurs.) Climate - 35 to 45 °C in summer - 18 to 28 °C in winter Time zone - + 4 hrs GMT Topography - Mountainous with over 1700 kms of coastline

Business practice and culture Religion - Islam, Other religions are tolerated. way of life is governed by Islamic customs Petroleum reserve - 5.5 million barrels Natural gas - Reserves 29 trillion cubic feet Minerals - Copper mining up to 20,000 tons a year Chromate estimated at about 2 million tons Possible exploration of gold, platinum, sulphides and coal Official language - Arabic (English is widely used and understood)

Doing Business ,[object Object],[object Object],[object Object],[object Object]

Business Culture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Establishing a company ,[object Object],[object Object],[object Object],[object Object],[object Object]

STAGES FOR SETTING UP AN ENTERPRISE IN GCC Stages Objective Action Plan Anticipated risks and hurdles End Result Stage:1 Familiarity with GCC Find a right partner Non availability of complete information One location Stage:2 Demand analysis Get to know more about the production facilities Demand potential and other player’s strengths Sure of succeeding Stage:3 Understand legal formalities and agreements Appoint specialists to draft Terms are favorable to local partners Get ready to setup Stage:4 Locate and setup Right kinds of people (technical and managerial) Possible resistance if Indian bosses are appointed Production at low costs Stage:5 Markets – local & outside Develop interior markets and network out of GCC Local tariff and non-tariff barriers in provinces Reduced cost and competitiveness

Once the business activity is identified, the following steps leads to the establishment of company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Documents required for registration of a company in the commercial register ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Income Tax ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

OTHER OBLIGATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

TYPES OF ORGANISATIONLS IN GENERAL ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Facilities and incentives offered by the Government ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Reasons For Doing Business In GCC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object]

Infrastructure in GCC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Infrastructure in GCC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Opportunities in Major sectors ,[object Object],[object Object],[object Object],[object Object],[object Object]

Tourism and Related Services ,[object Object],[object Object],[object Object],[object Object]

Construction and Consultancy Services ,[object Object],[object Object],[object Object],[object Object]

Accounting, Auditing and Consulting Services ,[object Object],[object Object]

Health Services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Advertising services ,[object Object],[object Object],[object Object],[object Object]

Education Services ,[object Object],[object Object],[object Object]

Constraints to trade in services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Gulf coop coun

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