Business setup in Ras Al Khaimah is laidback, but you need to take care of a list of lawful procedures and documentation procedures in which our team can help. Black Swan has a team of veteran business advisors to take care of the entire company formation procedure in RAK, which will aid you with the following:

When the business setup in RAK is laidback, you need to have the documentation procedures and the list of lawful procedures.

The team of veteran business advisors are there at Black Swan to take care of the entire company formation procedure at RAK, that aids with the following:

Steps in Ras Al Khaimah company formation are:

1. The Business Activity

You have to determine the type of economic activity for your business. This can be categorized as professional, industrial activity and commercial.

Retail business and general trading business or industrial business are involved in the sale and trade of goods to businesses or consumers. The professional companies offer commercial professional or personal services such as consulting, management and accounting. The industrial companies conduct the processing, manufacturing and packaging of goods.

2. The Legal Form of the Business

You have to decide the corporate entity. You can choose anyone from the above list based on your business activity. The legal status conditions are determined by the nature and type of the business.

3. The Jurisdiction finalization

The RAK, Offshore and the Mainland Free Zone are the three leading jurisdictions offering to have a business in and outside of UAE. There are loads of scope for a company who registers in the RAK Mainland. This is usually located 45 minutes from Dubai, the RAK Free Trade Zone would give the highly productive business-friendly environment with state of the art services and an easy setup process with minimal bureaucracy.

You have to choose a range of setups varying from core offices to multi-floor offices, Flexi-desks and industrial warehouses are required.

4. The Initial Approval

The initial approval is received by the investor before getting the company name certificate. This enables the investor to continue with the business license issuance procedures and addressing the concerned authorities for getting their support. This conducts the required business activity by not performing the activity without the license.

5. Trade Name Registration

You have to finalize the business location and the next step is to choose the appropriate and unique trade name for the organisation. You have to submit the proposed company name to the department of economic development.

6. Application and Submission process

You have to get the initial approval and must fulfil the legal conditions and requirements. The investor must visit the concerned authorities for obtaining the consent.

These ministries need the required activity though some types of activities require the sole permission of the Department of Economic Development.

The Documents needed

• The tenancy contract certified copy
• The no objection letter, visa, passport, and residence certificates photocopies
• The ownership certificate and copy of the land map
• Getting the consent of legal affairs
• The signboard and license application form
• Getting the approval from the ministry of economy
• If required, getting all important approvals from the government entities
• The certification of partnership contract from the notary public
• Getting the Copies of family book and national ID
• Get the technical evaluation report
• The trade name certificate requirements

7. Get the Business License

When the consent of the concerned authorities is received, the stakeholder can proceed to the fulfilling stage where all the lawful requirements of business license issuance are needed. This is completed by taking consent from the department of economic development before receiving the license.

8. Office Space

The business person can rent the business site after visiting the Monitoring & Consumer Protection Administration in the Department of Economic Development. They can also visit other concerned authorities to examine and get the business location approval.