Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates (UAE), has become a thriving business hub, attracting entrepreneurs and companies from around the world. Setting up a business in Ras Al Khaimah requires obtaining the necessary licenses and permits to operate legally. In this article, we will guide you through the key steps to get a business Rakez license:
Determine the business activity:
The first step in obtaining a business license in Ras Al Khaimah is to decide on the nature of your business activity. RAK offers a diverse range of business activities across various sectors, including trading, manufacturing, services, and consulting. Selecting the right activity is crucial, as it determines the type of license you will need.
Choose the license type:
In Ras Al Khaimah, there are three main types of business licenses: commercial, industrial, and professional. A commercial license is required for businesses engaged in trading activities, while an industrial license is necessary for manufacturing and industrial operations. A professional license is suitable for service-oriented businesses, such as consulting firms and medical clinics.
Select the legal structure:
Next, you need to decide on the legal structure of your business. Ras Al Khaimah allows various legal structures, including Limited Liability Company (LLC), Sole Proprietorship, and Civil Company. Each structure has its own set of requirements and implications, so it is essential to choose the one that best suits your business goals and ownership preferences.
Choose a business name:
Selecting an appropriate business name is a crucial aspect of the licensing process. The name should be unique, relevant to your business activity, and comply with the naming guidelines set by the Ras Al Khaimah authorities. Before finalizing the name, it is recommended to conduct a name search to ensure its availability.
Prepare the required documents:
To apply for a business license in Ras Al Khaimah, you will need to submit a set of documents, including:
- Passport copies of shareholders and managers
- Proof of residence of shareholders and managers
- No Objection Certificate (NOC) from the current sponsor, if applicable
- Memorandum of Association (MOA) for LLCs
- Lease agreement for the office space or warehouse