Ras Al Khaimah Mainland (RAK) offers an ideal setting for entrepreneurs looking to establish their businesses. Renowned for its progressive government policies, modern infrastructure, and vibrant economy, RAK Mainland provides a strategic location. It is not only in close proximity to Dubai but also borders the Sultanate of Oman and is nestled between the Arabian Gulf and the Hajjar Mountains, making it a prime location for global business ventures.
The RAK Department of Economic Development regulates business activities and grants licenses in the Mainland, providing a range of benefits.
- 100% Repatriation of Profits and Capital
- Low Corporate
- Low-Cost Rental Rates
- Prime Location with Access to Seaports, Airports, and Highways
- Privacy and Confidentiality
- Low-Cost Warehousing
YUGA Accounting & Tax Consultancy brings 20 years of experience in guiding investors through the business setup process in Ras Al Khaimah Mainland. We manage the entire process from start to finish, ensuring that your business setup experience is smooth and stress-free.
Choose Your Business License
In RAK Mainland, you can choose from various license types.
1) Industrial License
Intended for businesses engaged in manufacturing, processing, or assembling goods, this license permits industrial enterprises to operate within Ras Al Khaimah Mainland, supporting the production and distribution of goods.
2) General Trading License
Perfect for businesses involved in buying and selling a diverse range of products, this license authorizes trading activities within Ras Al Khaimah Mainland, enabling businesses to import, export, and distribute goods.
3) Professional License
Ideal for individuals or groups providing specialized services such as consultancy, legal, accounting, or healthcare. This license allows professionals to offer their expertise within Ras Al Khaimah Mainland while complying with specific regulations.
Business Activities in RAK Mainland
In Ras Al Khaimah (RAK) Mainland, businesses can participate in a diverse range of activities across different sectors. Some of the common business activities allowed in RAK Mainland are:
- Financial Services
- Manufacturing
- Construction
- Transportation
- Consultancy Services
- Logistics
- Trading
- Retail
- Education
- Healthcare
- IT Services
- Legal Services
- Hospitality
- Real Estate
- Media and Advertising
- And More!
Required Documents and Steps to Obtain Your Business License
Acquiring your business license in RAK Mainland is designed to be straightforward and hassle-free. Here are the steps you need to follow to secure your business license:
Steps to Get Your Business License
- Plan your business activity and corporate structure
- Submit applications and pay required fees for obtaining license
- Obtain initial approval and gather necessary documents
- Get an office space for your business operations
Required Documents
- Copies of passports and visas for all directors
- Copies of passports and visas for all shareholders
- A No Objection Certificate if the shareholders are residents
- Copies of passports and visas for all managers
Business Entities Permitted in RAK Mainland
When you start your RAK Mainland business, you’ll have the choice between several legal structures.
1) Free Zone Company
Although commonly linked with free zones, RAK Mainland also permits the formation of Free Zone Companies. These companies can operate within the mainland jurisdiction while benefiting from advantages like 100% foreign ownership and tax benefits.
2) Limited Liability Company (LLC)
An LLC is one of the most prevalent legal structures in RAK Mainland. It provides limited liability to its owners (shareholders) and offers flexibility in both management and operations.
3) Public/Private Shareholding Company
These companies are formed by shareholders who contribute capital and share ownership through shares. Public Shareholding Companies can offer shares to the public, while Private Shareholding Companies limit share ownership to a select group of investors.
4) International Business Company (IBC)
An IBC is designed for conducting international business outside the UAE while having its headquarters and management in RAK Mainland. It offers advantages such as tax exemptions and confidentiality.
5) Joint Venture Company
A Joint Venture Company involves two or more parties coming together to undertake a specific business project or activity. Each party shares the risks, costs, and profits according to their agreed-upon terms.
6) Free Zone Establishment
Similar to Free Zone Companies, Free Zone Establishments can operate within the mainland jurisdiction but are subject to the regulations of the relevant free zone authority.