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 desired places to start a
business due to tourism and low costs.
Business set up 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 100% share of the company with a professional license.
This license will allows a business to import and export goods in and out of UAE. With this license a business can trade up to two different categories and without trade restrictions.
This license will Suitable for any investor wanting to do professional services such as consultancy or services (craftsmen and artisans).
Most suitable for company in free zones rather than mainland. With this type of license, an investor can import, build, produce and export finished products.
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