In the UAE, Ras Al Khaimah is the preferred destination for many investors for company formation. In terms of global investment, the emirate of Ras al-Khaimah possess enormous potential and its government has taken serious steps to transform it into regional as well as global business and investment center.
In order to start a business in Ras Al Khaimah, follow the below mentioned procedures
Determine the type of business activity: It’s important for investor to determine the type of business activity before initiating the procedures. Each activity has its own legal regulations and fees according to its nature. In addition, some activities are required to fulfill particular conditions and specifications related to the location site (e.g. location & space)
Determine the legal category of establishment: There are many legal categories may fit every business. The status is determined by type and nature of business
Registering the name: After determining the type of activity and legal category it is important to choose a unique and appropriate trade name for establishment. The investor may obtain initial approval before obtaining trade certificate. The initial approval allows the investor to continue with the business license issuance procedures.
Obtaining approvals of concerned authorities: After obtaining initial approval and fulfilling the requirements and legal conditions the investor should visit other concerned authorities to obtain their approval. This authority is defined as per required business activity.
Issuance of business license: Once the approval of concerned authorities is obtained the investor may proceed to all the legal requirements of business license issuance before finally receiving license.
Conditions for Business Set up in Ras al Khaimah
In order to engage in any business activities, the investor has to consider few conditions as mentioned below
General conditions to setup business
- Adhere to the rules and laws in force in the UAE
- Not under take any work that may affect the security and safety of society
- Nobody shall be permitted to practice any for profit activities without obtaining license
- Not practice any activities that breach decency in all forms
- Abide by strict forbiddance to engage in gambling activities in all forms
Special conditions for license holders:
- The license applicant should be meet of required age criteria in order to undertake any activity
- The license must not hold license after a required period past its expiry
- The holder must meet the special conditions for activities to be practiced.
Special conditions for trade names:
- The tradename must not be repeated
- The trade name may not contain any political or religious words
- The trade name may not contravene the instructions and regulations in force federally or locally
- The tradename may not be misleading
- The relevant authority has the right to change or ruffe the tradename upon application
- The trade name should not have any obscene or indecent words and should not be offensive to general public
Conditions for place of business:
- A new facility shall not be opened or and old facility cannot be transferred which carries the same activity with out the approval of relevant authorities
- Shops that practice activities that may affect the health of people are not approved by the relevant authorities
- No shops may engage in activities that use flammable and hazardous materials.
for more information regarding the conditions for place of business you may seek guidance of a business setup consultant
Setting up Business with Business Setup Consultants
FAR consulting middle east is a one stop solution provider that helps business not only to set up their operation in Ras al Khaimah but also fulfills necessary documentation and legal formalities. Wide domain experience and familiarity with laws of emirate helps us take care of all the requirements of our clients and ensure that their tasks are completed swiftly without any hurdles.
We can help you in investing your share in UAE. contact us for business setup services In Ras al Khaimah so that we can assist you.