Ras Al Khaimah Mainland

Avail the benefits of a Mainland business setup

Ras Al Khaimah is renowned for its outstanding nature, leisure, adventure, and authentic offerings. The emirate sharing its border with the Sultanate of Oman has infrastructure facilities, proper connectivity, and all amenities necessary for the growth of businesses.

About Ras Al Khaimah Mainland Company

Forming a mainland company in Ras Al Khaimah provides investors with broader access and a wide range of business activities to choose from. Mainland companies can operate anywhere in the UAE and internationally making them a lucrative option. Being able to adapt and grow a business is what attracts investors to mainland company formation.

Advantages of Mainland Company Registration

• RAK Mainland company enjoys 100% corporate tax exemption
• Businesses can be operated from any part of the UAE.
• No capital is required for a local mainland license
• There are no currency restrictions on conducting RAK business.
• Employment visas are easy to get.
• 100% repatriation of capital and profits in RAK mainland business.
• Easy license and registration procedure.
• The incorporation process is easy and no audit is required.
• 100% foreign ownership is permitted to an investor in RAK.
• For shareholders and corporate shareholders for a company in RAK, there is no restriction.
• RAK has abundant amenities at its disposal and inexpensive energy rates.

Documents required for RAK Mainland Company formation

• Copies of passports of shareholders, directors, and other responsible persons
• Copy of passport and family book of the local sponsor
• Formulated business plan
• Copies of the visa of the shareholders and directors
• Bank documents

Business Licenses

To conduct a business activity, one needs to have a valid license. Here is the list of the business license provided by Ras Al Khaimah:

1. General Trading License
Trading or General Trading License allows one to import and export goods in and out of the UAE. The standard general trading license can contain up to two different categories of products like ‘Foodstuff’, ‘Cosmetics’, and ‘Building Materials. The permit allows one to trade goods without restrictions.

2. Professional License
With obtaining this license, one can carry out various professional services such as consultancy, IT, design, development, and many others.

3. Industrial License
An Industrial License allows an investor to import raw materials, carry out the production of specified goods, and export the finished product.

The process of setting up a company in RAK

Step 1- Decide on the Business Activity
The first step to Ras Al Khaimah Business Setup is to decide what type of business activity you will have. This is defined as a commercial, professional, or industrial business activity.

Step 2- Determine the Legal Form of the Business
Under this step, you will decide on the type of corporate entity for your business. This will depend on the type of business you are doing and how many shareholders you plan to have.

Step 3- Finalize the Jurisdiction
You will need to finalize what area you will register your company in.

Step 4- Obtain Initial Approval
Before getting the company name certificate, you will first need to get initial approval. Initial approval will allow you to go forward with the business license and other procedures.

Step 5- Register your trade name
You will have to pick a unique name and submit it to the Department of Economic Development.

Step 6- Apply and submit
In this next step, you will have to visit the required authorities to get their consent. The authorities you get approval from will all depend on your business activity.

Step 7- Obtain a Business License
Now it is time to get your business license. If needed, you will have to complete any other requirements determined by the Department of Economic Development before your license is issued

Step 8- Rent an Office
The final step is finding a place to set up your company in. After you’ve found the spot, the Monitoring and Consumer Protection Administration in the Department of Economic Development will visit the spot and give final approval.

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