Trusted by thousands of business owners and entrepreneurs worldwide...!
Trusted by thousands of business owners and entrepreneurs worldwide...!
Since its inception, Ras Al Khaimah (RAK) has emerged as one of the fastest-growing free trade zones in the UAE. Equipped with state of the art infrastructure, strategic location and liberal laws for company formation, RAK free zone is poised to become one of the most sought-after investment destinations in the UAE. The region has stressed on diversification of its economy and has tasted real success with its thriving industrial sector. As one of the most diverse economies in the Gulf Cooperation Council, the main economic sectors include real estate, tourism, manufacturing, building materials, service sector and agriculture & fisheries.
For RAK Freezone company registration, entrepreneurs are required to obtain a suitable business licence. The registration and issuance of business licences to foreign establishments in Ras Al Khaimah are under the jurisdiction of the Free zone authorities, and other licensing procedures are regulated by the federal government. The four types of licenses include-
this type of licence is required by businesses who engage in trading, import and export activities.
businesses which engage in manufacturing and industrial activities
Quite similar to the trading licence, this type of licence is for businesses whose activities involve products from the industrial sector only
A service licence should be acquired by service providers, professionals, artisans and/or craftsmen.
Before initiating the licence and approval procedure for a business in the Ras Al Khaimah free zone, you need to determine the type of business activity you resonate with. Each activity enlisted by the authorities has its own set of rules and regulations. Furthermore, certain activities have also been forbidden in certain locations. Therefore, take note of all of these before proceeding with a business activity for your business.
Once you determine a business activity, select a unique and appropriate trade name for your company. You may obtain initial approval for your business activity before registering the trade name with the respective authorities.
Post registering your trade name and fulfilling all the requirements, obtain approval for the issuance of your business licence.
After obtaining approval, you may now proceed to fulfil all the legal requirements of business licence issuance from the free zone authority.
Although the formation of business in the RAK free zone is a simple procedure, it is essential for investors to be well versed with the legal laws and regulations in the UAE. We, at Global Biz Setup , are acquainted with years of expertise in company formation in the UAE. Our seasoned professionals will take care of all formalities from inception to end for RAK Freezone business setup and anywhere in the UAE seamlessly. If you have any queries regarding the process of company formation in Ajman mainland, connect with us today.