Your gateway to business success in Ras-Al-Khaimah.
RAK is known as the adventure emirate in the UAE for its highest mountain peaks, zip lines, and hiking tracks, making it one of the most desired places to start a business due to its thriving tourism and low costs. The business setup in Ras Al Khaimah is a brilliant choice due to its booming economy. RAK offers numerous cost-effective advantages, and the emirate’s location makes it possible to reach markets across the Middle East, Asia, North Africa, and Europe.
Company formation in RAK must first go through the approval of the RAK Department of Economic Development. Expat owners must assign a UAE local as a sponsor or partner. Like all the other emirates, this local sponsor holds 51% shares in the company. Foreign/expat owners can hold a 100% share of the company with a professional license.
For a company set up in Ras-Al-Khaimah mainland, the process must be fulfilled by the Department of Economic Development in the Emirate. Once this is done, and the jurisdiction is finalized, you will get the business license under the given jurisdiction.