Profitable Major Project financing loans annual interest rate 3.5% duration 5-10 years
Below is our standard mode of operation :
Once the client’s project is approved for funding, the lender will furnish to the client the NCND/MOU for their endorsement. In the NCND/MOU they will be required to obtain the Financial License and Non-Indigenous Company Clearance Mandate for their company through the Emirates RAK Free Trade Zone (FTZ) from the Economic Department of Finance and Development and the Ministry of Finance.
Once the licenses are obtained, we will furnish the client, the Official lender’s Project fund Disbursement Approval, Official Invitation Letter and Meeting Schedule for their disbursement ceremony. In that meeting all the final fund release papers will be duly signed by their company signatory and after the meeting they will be taken to lender’s Financial Institution to witness the disbursement of their total project fund. The fund will be wire transferred to any designated bank account.
We requested that the clients obtain the Financial License and Non-Indigenous Company Clearance Mandate so that their company will be cleared as a Non-Indigenous company therefore giving their company a strong identity and the eligibility to partner with the lender as lender’s fund are primarily meant for companies with corporate identity and proven financial record in UAE.