Ras Al Khaimah is one of the northern emirates that stretches across over 2000 square kilometers. It happens to be one of the most favored choices for investors, SMEs, and startups because of its abundant number of incentives. Moreover, Ras Al Khaimah has the proximity to five Ports. Its ports are Ras Al Khaimah Port, RAK Maritime City, Al Jeer Port, Al Jazeera Port, and Saqr Port, which happens to be the largest bulk commodity port in the Middle East. Furthermore, Ras Al Khaimah has proximities to international airports and a network of multi-lane superhighways and routes to guarantee swift transportation and around the clock connectivity to neighboring regions.
Investment attractions:
Adding to the list of incentives and benefits availed by all the emirates and zones in the UAE, Budget friendly solutions and complete investor support, Ras Al Khaimah provides:
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- Wide-ranging SME solutions
- Cost-effective rates
- Wide-ranging license types for thousands of activities
- SME-friendly facilities
- Variety of shared workstations; offices; and access to premier business centres
- Secretarial and admin services
- Modern IT/Telecom infrastructure
- Multiple services and activities according to the investor’s requirements
- State of the art specialized Business Zone, Academic Zone, and Industrial Zones
Business Setup key steps:
Deciding on the type of the business activity
Each business activity has legal regulations and fees based on its nature. Keeping in mind that for some activities, to register a company, an investor is required to meet particular conditions and specifications.
Deciding on the Legal Category of the Institution
Ras Al Khaimah enlists many legal classifications flexible to cover every business’ requirements. The nature of the business determines the legal category requirements.
Trade Name Registration
Upon choosing the activity and the legal status of the business, a unique and appropriate trade name has to be picked for the business. In some cases, obtaining an initial approval before obtaining the trade name certificate might be required as it allows one to proceed with the business license issuance. However, it is not enough to start conducting the activity, unless first obtaining the license.
Upon visiting, the Department of Economic Development and other concerned authorities a business location is to be obtained and inspected for approval in the case of fulfilling the required activity specifications and conveniences.
Affiliated Authorities Approvals
Following obtaining initial approvals, fulfilling the requirements and legal conditions, the investor might need to visit the other concerned authorities in order to obtain the needed approvals.
Business License Issuance
Upon obtaining the approval of the concerned authorities, the investor may proceed to the stage of fulfilling all the legal requirements of business license issuance from the Department of Economic Development, before finally receiving the license. The licenses availed by the authorities are:
- Industrial License
- Commercial License
- Professional License
- Tourism License
Business Facilitation
Businesses receive utmost support by the concerned Government authorities and the Economic Zone authorities. This includes but is not limited to the Single Window Service.
DED Express Service
Executives interested in investments that aim to launch a business in Ras Al Khaimah could take advantage of the Express Service availed by the Department of Economic Development.
IBG veteran business setup consultants are available with reselling authorization with a complete set of skills and tools to cater hassle free and worry free gold rank consultancy for all RAK company setup solutions. We strive to add value to clients saving them time going back and forth. One-step at a time and it all begins today. Get in touch with our consultants today, because we do it the best!
