ALL ABOUT GETTING A RAS AL KHAIMAH BUSINESS LICENCE
To carry out any kind of legal economic activity in the UAE you are required to set up a company by acquiring a valid business license. Ras Al Khaimah Business License helps in starting the enterprise in the emirates where licenses are issued by the Ras Al Khaimah Economic Zone and Ras Al Khaimah Department of Economic Development.
Choose the right kind of license for the company
This is one of the crucial steps which requires you to choose the business activity based on the company structure to obtain a business license in Ras Al Khaimah.
Business Activity
The business activities that are allowed in the UAE are divided into three categories such as commercial, professional, and industrial. RAK offers 10 different types of licenses for the business entities such as
Commercial License
This allows the business to trade locally, import, and re-export goods and different commodities.
E-commerce License
It allows the virtual trading of goods and services such as media materials, event tickets online, management, and more.
General Trading
It allows the business to buy and sell multiple products.
Individual/Professional
The single company owner pursues only one activity in the specified area of expertise.
Media
It allows you to conduct media-related business activities such as sales and marketing, talent management, TV/Radio, SEO, and more.
Professional
This includes an individual that offers professional services such as financial advisory, project management, engineering, company formation services, and more.
Services
It offers services across any industry such as restaurant, hotel management, yoga club, and more.
Freelance services
The professional who offers media, education, IT Professionals, and analysts services in various fields such as fashion designing, photography, translation, and calligraphy services.
Educational Services
It allows operating an educational institution or consultancy such as a vocational school, providing college admission services, training, and more.
Industrial Services
The manufacturing service such as import and exports of goods, assembling of goods and other packs.
Company structure required for RAS Al Khaimah Business Licence
The selection of the right type of Ras Al Khaimah Business Licence required the company to be incorporated and have proper insights about the business you want to engage in and the visa required to sponsor the family members, shareholders, employees, and more.
Here is the list of the preferred company structures in the UAE such as
Sole Establishment
It is a one-person-owned company where individual owners tend to offer professional services.
Limited Liability Company (LLC)
An LLC is owned by a minimum of two or 50 shareholders whose liabilities are limited to their shares in the business capital and are allowed to conduct multiple activities.
Holding company
The holding company allows secured investments and business owners hold different ventures and own the assets in the corporate entity which helps in risk management.
FlyingColour Business Setup Dubai Services team of experts helps you in retaining the license and guides you throughout the process from submission of documents to payment, renewal, and more in no time.
