Requirements of setting up a business in Ras Al Khaimah free zone
Requirements for a business set up in Ras Al Khaimah
Here are some of the easy steps you need to follow in order to start a business in Ras Al Khaimah;
Determination of business activity
Determining the business activity is very important for the investors for both the RAK mainland and setting up a business in Ras Al Khaimah free zone. This step is very crucial before you move on towards obtaining your license and going through license issuance procedures. Here are a number of business activities to choose from. All of them have different rules and regulations. So, make sure you fulfil all the conditions for the business activity you want to get indulged in.
Determination of the legal category of the business
Business categories may include LLCs, sole proprietorship, branch of a company and much more. The type, as well as the nature of the business, will be dependent upon the legal category of the business.
No matter what sort of legal status is possessed by the company, it is important to visit the General Directorate of Residency & Foreigners Affairs office which is present in the Department of Economic Development in order to take the approval for the establishment.
You can get the advice from the best business setup consultants in UAE.
Trade name registration
Make sure you determine the most unique name for your company. The name you choose must be appropriate as per the business services and products you will provide. It is advised to take the initial approval before taking the certificate of the trade name. The business license is issued after the company take the required approvals from the required authorities.
The determination of an appropriate business site does so many favors to the company. The business location must be approved by the concerned authorities which are Monitoring & Consumer Protection Administration in the Department of Economic Development and more. If they are convinced with the location, your business location would get approved.
Obtaining the required approvals
It is crucial for the investors to fulfil all the requirements as well as the legal conditions for the RAK free zone company formation and that for the mainland as well. For this purpose, the business set up consultants in UAE play a great role as well. They fulfil all the conditions on behalf of their clients and even get approvals for them as well. This saves so much time of the investors. Different business activities may need different types of approvals. So, make sure you count the ones that are as per your business type.
Issuing Business license
After obtaining the necessary approvals, complete the Requirements of the business license which will be issued from the Department of Economic Development. After you are done with fulfilling all the legal requirements, you would be issued the license as per your legal business activities.
For the establishment of an enterprise in Ras Al Khaimah, you can also take the facilitation services as well. This will help you in establishing your business in a very advantageous manner while assisting you throughout the registration process.