Establishing a company and conducting business in the UAE necessitates acquiring a valid business license. Similarly, in Ras Al Khaimah, setting up a company requires obtaining an emirate-specific business license. Prior to applying for a license, it is essential to determine the activities your company will engage in and the appropriate structure, whether it’s a sole establishment, Limited Liability Company (LLC), or a holding company.
Whether you’re a startup, an established company looking to expand in Ras Al Khaimah, or an entrepreneur aiming to diversify products and services under one entity and operate nationwide, there are licenses allowing multiple business activities. For example, the RAKEZ Dual License permits combining commercial and professional activities under one license. This enables easy business operations in the UAE, both on the mainland and in free zones. The RAKEZ dual business license encompasses a UAE free zone license and a UAE free zone company branch business license.
If you require assistance in selecting the appropriate business license or need support throughout the business setup process, including document compilation, submission, and payments, Shuraa Business Setup team of company formation experts is available to guide you through the entire journey of obtaining your business license and conducting business activities in the UAE.
Types of Trade Licenses in Ras Al Khaimah
RAKEZ issues a range of business licenses, including:
1. Industrial License:
This license encompasses manufacturing, processing, assembling, and packaging.
2. Trading License:
Trading licenses cover import, export, distribution, warehousing, and various trading activities.
3. General Trading License:
This license allows for various trading activities, including import, export, storage, and distribution.
4. Commercial License:
Activities under this license include contracting, repairing, maintenance, renting, and operating shops and restaurants.
5. Consulting/Service License:
This license category includes any form of management, business, industrial consultancy, or professional services, including real estate consulting.
6. Media License:
Media licenses encompass a broad spectrum of media and communication services.
Obtaining a Trade License in Ras Al Khaimah
Acquiring a RAK trade license involves several essential steps:
1. Business Type Selection:
Determine whether the business falls under the commercial, professional, or industrial category.
2. Activity Specification:
Identify up to ten specific business activities covered under the chosen license type.
3. Trade Name Selection:
Choose a unique and suitable trade name for the business entity.
4. Initial Approval:
Obtain initial approval from the Ras Al Khaimah Department of Economic Development (RAK DED).
5. License Approval and Modifications:
The RAK licensing authority reviews the license details, making necessary changes or additions if required.
Receive the payment voucher for the applicable fees.
7.Fee Payment and Document Issuance:
Complete the fee payment process. Upon payment, receive the official business license and trade register certificate.
This systematic procedure ensures the legal establishment of businesses in Ras Al Khaimah, providing clarity and transparency throughout the licensing process.
Documents Needed for Obtaining Your Trade License in Ras Al Khaimah
To secure your Ras Al Khaimah trade license, you’ll need to provide the following documents:
1. Passport Copy of the Shareholder
2. Passport Size Photograph
3. Company Trade name option
Note: The business license is valid for one year and must be renewed after the expiry to maintain legal compliance.
Ras Al Khaimah Trade License Cost
The cost of obtaining a trade license in Ras Al Khaimah is variable and depends on the type of license as well as the nature of the planned business activities. Several factors contribute to the fee calculation, such as the business type, the number of employees, the office space size, and the business’s annual turnover.
Here are the approximate ranges for trade license fees in RAK:
- Trading License: AED 10,000 to AED 20,000 per year*
- General Trading License: AED 10,000 to AED 20,000 per year*
- Consulting/Service License: AED 10,000 to AED 20,000 per year*
- Media License: AED 10,000 to AED 20,000 per year*
Note: These approximate figures may vary based on specific business circumstances and requirements.
Renewing Your Trade License in Ras Al Khaimah
Renewing a company license in Ras Al Khaimah involves the following steps:
- Valid Lease Agreement:
Ensure you have a good lease attested by Ejari for at least one month.
- Application Submission:
Apply for license renewal at Ras Al Khaimah Department of Economic Development (RAK DED) by submitting all required documents.
Documents Needed for License Renewal in Ras Al Khaimah
To facilitate the renewal process, you will need the following documents:
1. Typed BR/1 Form, Tenancy Agreement, and Ejari Registration Certificate:
A completed BR/1 form, a copy of the tenancy agreement, and a certificate of Ejari registration are essential documents.
2. Copy of the Current Business License:
Provide a copy of your existing business license for verification purposes.
3. Passport Copies of Shareholders and Business Partners:
Include copies of passports belonging to each shareholder and business partner associated with the company.
Ensuring the submission of these documents will simplify your Ras Al Khaimah trade license renewal procedure.
Discover the Support from Shuraa Business Setup
At Shuraa Business Setup, we extend comprehensive assistance to investors and entrepreneurs seeking to establish their companies in the UAE. From the initial business incorporation to securing suitable office spaces, we provide a complete spectrum of services. Our seasoned consultants, with their wealth of experience, ensure a hassle-free process for our clients. Contact us today via phone at +971 4 4081900, through WhatsApp at +971 50 7775554, or by emailing [email protected] to explore how we can help you achieve your business goals.
To apply for a trade license in Ras Al Khaimah, follow these steps:
1. Choose your business activity and legal form.
2. Obtain initial approvals and clearances from relevant government departments.
3. Prepare necessary documents, including a business plan and proof of funds.
4. Pay the fees and deposits as required.
5. Receive the trade license and register with relevant authorities.
Securing a trade license in Ras Al Khaimah can prove intricate and time-intensive, particularly for individuals unfamiliar with the legal and regulatory protocols. However, with the assistance of Shuraa Business Setup, this process can be streamlined and made more accessible.