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RAKIA Road Show in Hungary, Romania and Bulgaria


RAKIA Road Show in Hungary, Romania and BulgariaIn February 2015 the Hungarian Bulgarian Chamber of Commerce organised the RAKIA Road Show in three countries, in which the Ras Al-Khaimah Investment Authority (RAKIA), one of the free trade zones from the United Arab Emirates, was introduced.

The Road Show was held in 3 capital cities – Budapest, Bucharest and Sofia. The event generated significant interest in all 3 venues, with local businessmen and entrepreneurs, as well as members of the chamber of commerce, curious about the programme.

Within the framework of the Road Show, participants received detailed information not only on the terms, requirements and benefits of incorporating in Ras Al-Khaimah, but also on the advantages to be had by operating a company in a free trade zone. This was followed by a presentation by Valartis Bank from Liechtenstein, with László Váradi, managing director of LAVECO Ltd., concluding by shedding light on successful company administration and bank account management strategies and the latest developments in the banks’ procedures in regard to the automatic exchange of information.

Following the presentations, there was the possibility for personal consultations and swapping experiences in a very pleasant atmosphere while tasting fine Bulgarian wines.

According to the feedback received from participants, the RAKIA Road Show was a great success. There was plenty of useful advice and information, indispensible in the current economic climate. The audience was introduced to new opportunities which may prove both interesting and useful for their businesses in the long run.