Business Setup in Ras Al Khaimah
Business Setup in RAK Mainland
Obtain the networking opportunities and insights into the local business landscape with our services for Business Setup in Ras Al Khaimah!
Connect Zone offers transparent fee structures, so you can save money while establishing your business. We can expedite your processes, allowing you to develop efficiently in the region.
With us, you will have all you need for your business setup, visas, licenses, and more!
Types of Business Licenses You Can Get In RAK Mainland
RAK Mainland is a popular business destination, and obtaining a business license is an important step for companies looking to operate within the emirate. Companies that need to obtain a business license in RAK Mainland must first submit an application to the Department of Economic Development.
The application must include a valid commercial registration certificate, a valid trade name certificate, a valid passport and visa copy for all shareholders and a valid passport and visa copy for the designated manager of the company. Once the application is approved, the applicant company will receive a Ras Al Khaimah business license which will include the address of the company, the type of business, and the date of issuance. With the right business license in place, companies can operate legally in RAK Mainland and take advantage of its many benefits.
Here are the licenses you can obtain with us for your Company Formation in RAK:
UAE Commercial License
A Commercial License in RAK is required for any company that wishes to conduct any type of commercial activity in the area. Such as manufacturing, trading, providing services, or offering consultancy.
UAE Professional License
Professional licenses in RAK are necessary for any business or profession that requires specialized knowledge and skills. Professional licenses are required for a wide range of professions including doctors, lawyers, engineers, accountants, and architects.
UAE Industrial License
Industrial licenses provide companies with the ability to legally operate factories, workshops, and warehouses, as well as certain types of service activities. Businesses can benefit from the various incentives and benefits offered by the RAK.
UAE Tourism License
The purpose of the license is to ensure that all tourism-related activities are conducted in accordance with the laws, regulations and standards of the emirate. The license allows businesses to legally offer services within the RAK tourism industry.
UAE Trade License
With us you can obtain it! Obtaining a trade license in Dubai can be a daunting task for many businesses. However, with us, the process is made easier, faster, and more efficient. With our help, you can set up your business in Dubai in no time.
RAK License Packages
Get one of our packages and obtain your license, RAK Free Zone visa, and more.
RETAIL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
NON-FINANCIAL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
FINANCIAL LICENSE
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Trade name reservation
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Initial Approval
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MoA
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License fee
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Dubai company address
Benefits of Establishing a Company in RAK Mainland
100% Foreign Ownership
Establishing a company in RAK Mainland allows for 100% foreign ownership, giving businesses the freedom to operate as they wish.
Flexible Legal Structures
The legal structures available in RAK Mainland are flexible and customizable, allowing businesses to pick the best structure.
Low Corporate Taxes
RAK Mainland has one of the lowest corporate tax rates in the world, allowing businesses to maximize their profits.
Modern Infrastructure
Ras Al Khaimah business setup boasts modern infrastructure and facilities, making it a great place to do business.
Strategic Location
RAK Mainland is strategically located in the Middle East, allowing businesses to capitalize on the area’s fast-growing economies.
Efficient Regulatory Framework
Companies in RAK Mainland are subject to an efficient and streamlined regulatory framework.
Business-Friendly Environment
RAK Mainland has a business-friendly environment, making it a great place to start and grow a business.
Access to Financing
Business setup in Ras Al Khaimah allows businesses to access various financing options, such as venture capital and private equity.
Reputable Jurisdiction
RAK Mainland is a reputable jurisdiction with a strong legal and financial system, giving businesses the assurance of security.
Company Documents
When setting up a company in the UAE there is a process you must follow. The final step of this process is receiving your trade license. This document will allow you to operate legally, set up a corporate bank account and have employees. This license will explain the exact activity or activities of your company and what type of license it is e.g. commercial. It will also have each shareholders and the manager of the company listed.
The procedures for renewal, cancellation or issuance of your trade license will be fully completed in the licensing authority your company is setup in. There are three different types of jurisdictions throughout the UAE:
Free Zone
There are over 45 free zones throughout the UAE all specializing in different industries and following their own rules and regulations. The fact they all have different rules means they all have different procedure as well. This is why obtaining, renewing an cancelling the can be extremely lengthy as unless you know the full process you will face challenges along the way.
Mainland
Mainland company setup in uae are formed through the government licensing department of each individual emirate. For any task to do with your license you must do it through the Department of Economic Development in that Emirate. In different Emirates the processes and timeline will be change meaning having the help of an expert makes everything a lot smoother.
Offshore
There are several offshore jurisdictions to choose from. These companies are registered in the UAE however; they do not operate in the UAE. Each offshore authority has its own set of rules & regulations which must be followed.
Steps For Company Formation in RAK Mainland
Trade Name and Initial Approval
Document Signing and Submission
Tenancy Contract and Approvals
Trade License is issued
Frequently Asked Questions
Here are some of the most popular questions about company formation in RAK:
The cost of company formation in Ras Al Khaimah varies depending on the type of company and the services you require.
Yes, Ras Al Khaimah is a great place for business. It has a strong economy, a skilled and educated workforce, and a supportive government that offers incentives and tax breaks to businesses. Additionally, its strategic location in the United Arab Emirates makes it easy to access markets in the region and beyond.
The following documents are necessary for company formation in RAK:
• Board Resolution or Power of Attorney
• Memorandum of Association
• Articles of Association
• Trade License Application
• Passport copies of the shareholders
• Proof of address of the shareholders
• Business plan
• Bank statement
• Letter of Intent
• Certificate of Incorporation
The most popular business activities in Ras Al Khaimah (RAK) include:
- Tourism
- Manufacturing
- Logistics
- Retail
- Real estate
- Financial services
Government Departments
Corporate Bank Accounts
Open your bank account for your Ras Al Khaimah business setup now with us!
