Trusted by thousands of business owners and entrepreneurs worldwide...!
Trusted by thousands of business owners and entrepreneurs worldwide...!
Ras Al Khaimah Mainland is one of the most preferred destinations for business development in the UAE. This demand for business development is RAK branches from the freedom to do business anywhere in the UAE. Thanks to its strategic location and efforts made by the government to market the region as the best business setup platform, RAK Mainland has now become a go-to investment option for international investors. Further, the region hosts an array of foreign companies that augment its economic growth, attracting investors from around the globe to tap into international markets.
In this type of business licence, 51 per cent of shares are held by the local owner and 49 per cent by the foreign partner.
In this type of business Licence, 100 per cent shares will be held by a foreign partner, and the local partner will serve as the service agent.
This type of licence is required by businesses that deal with manufacturing or any industrial activity.
The category of licence, the location which will be best for conducting the business, and the approvals required for starting a business activity in RAK mainland solely depend on the type of business you resonate with. Therefore, before beginning the company formation process, you need to take the call and finalise the type of business activity.
the initial approval and all other approval from various authorities are issued on your company’s name. Therefore, you must select a unique name for your business as per the guidelines issued by the concerned authorities. Once you select a name, apply for its registration with the authority, and obtain approval.
You may get initial approval for the formation of your company in the RAK mainland by applying to the Department of Economic Development (DED). Furthermore, you are also required to connect with DED for a business licence.
Formulate a Memorandum of Association (MOA) and Article of Association ( AOA) for your company and get them notarized.
To operate a business in the UAE, you need to open a corporate bank account. As the banks have set forth criteria for opening a corporate bank account, you are required to submit requisite documents for creating an account in the name of the business.
After obtaining approvals, obtain your trade licence, complete the formalities and commence your business activities.
Global Biz Setup has been a key player in the establishment and growth of several reputed business entities across the UAE. Our team comprises experts who have dedicated themselves to offering unparalleled services that suit your business needs. Reach out to us to explore the business opportunities available in Ras Al Khaimah mainland and obtain optimal benefit from them.