Business
Start your business in RAK
A supportive business hub
Based in the heart of Ras Al Khaimah, RAKEZ is one of the leading investment hubs in the UAE that offers customisable solutions to free zone and non-free zone businesses. From freelancers and startups to SMEs and industrialists, the economic zone’s multinational community of over 14,500 companies is flourishing in over 50 industries.
Starting a business through The Department of Economic Development of Ras AlKhaimah
Key Steps to Starting a Business in Ras Al Khaimah
In order to start a business in the Emirate of Ras Al Khaimah, you need to follow these five key steps:
1. Determine the type of business activity
It is crucial for the investor to determine the type of business activity before initiating business license issuance procedures. Each activity has its own unique legal regulations and fees according to its nature. In addition to the above mentioned, some activities are required to fulfill particular conditions and specifications related to the location site (e.g. location & space),as some locations are strictly forbidden for some activities under certain conditions.
2. Determine the Legal Category of the Establishment
There are many legal categories that fit every business, e.g. Limited Liability Company (L.L.C), etc. The legal status requirements are determined by the type and nature of the business.
All investors, regardless of legal status, have to visit the office of the General Directorate of Residency & Foreigners Affairs in the Department of Economic Development to obtain approval.
3. Registering the Trade Name
Post determining the type of the activity and the legal status of the business, it is important to choose a unique and appropriate trade name for the establishment. The investor may obtain initial approval before obtaining the trade name certificate. The initial approval allows the investor to continue with business license issuance proceduresand address the concerned authorities to obtain their approval to conduct the required business activity, though not conducting the activity without first obtaining the license.
In this step, the investor may rent the business site after visiting the Monitoring & Consumer Protection Administration in the Department of Economic Development and other concerned authorities to examine and approve the business location (fulfill the required specifications and activity convenience).
4. Obtaining Approvals of Concerned Authorities
After obtaining initial approval and fulfilling the requirements and legal conditions, the investor should visit the other concerned authorities to obtain their approval. These authorities are defined according to the required activity, although some types of activities may require the sole approval of the Department of Economic Development.
5. Issuance of the Business License
Once the approval of the concerned authorities is obtained, the investor may proceed to the stage of fulfilling all the legal requirements of business license issuance from the Department of Economic Development,before finally receiving the license.
The licenses issued by the concerned authorities in the Emirate of Ras Al Khaimah are classified under:
Industrial License
Commercial License
Professional License
Tourism License
Business Establishment Facilitation Services:
In order to facilitate the procedures of establishing economic enterprises in Ras Al Khaimah, the concerned Government authorities along with the Economic Zone authorities provide all kinds of support to businesses, including the Single Window Service. RAKEZ provide this service to assist companies with obtaining the necessary Licenses and approvals from other Government authorities efficiently.
DED Express Service: Investors who aim to launch a business in the Emirate of Ras Al Khaimah may take advantage of the Express Service provided by the Department of Economic Development for an additional fee.
General and Special Conditions
To engage in any industrial, commercial, professional and touristic activity in the Emirate of Ras Al Khaimah, a License has to be issued from the Department of Economic Development. The applicant must also get approvals from the concerned Ministries, Government authorities and institutions if required, according to the following details:
General Conditions for the Practice of Commercial Activities
- Adhere to the regulations and laws in force in the UAE.
- Not undertake any work that may affect the security and safety of society.
- Nobody shall be permitted to practice any for-profit activities without obtaining a License.
- Adhere to the tolerant provisions of the Islamic Shariah.
- Not practice any activities that breachgeneral decency in all its forms.
- Abide by the strict forbiddance to engage in gamblingactivities in all forms.
- Commit to any future laws from official related government bodies.
SpecialConditions for License-holders:
- The License applicant may not be less than21 years of age.
- The Licensee may not hold a License morethan one month past its expiry.
- The holder must meet the specialconditions for activities to be practiced.
SpecialConditions for Trade Names:
- The trade name may not be repeated.
- The trade name may not contain a political or religious meaning.
- The trade name may not contradict theIslamic Shariah, customs, or traditions, andmay not contain any names or majesticqualities (except compound names).
- The trade name may not contravene theinstructions and regulations in force federallyor locally.
- The trade name may not be misleading andshould be in line with reality.
- The trade name is preferably to be in Arabic andto give an indication of the activity.
- The Department of Economic Developmentshall have the right to refuse or change asuggested trade name upon application.
- The trade name shall be reserved for twomonths and available for renewal uponpayment of the decided fees.
- It is strictly forbidden to write a trade nameon the flag of the State or any other country, orany political or holy religious symbol. Anyperson not abiding by such conditions shallbear himself accountable.
- The trade name should not have obscene or indecent words, and should not be offensive to the general public even if it is a personal name.
- If the trade name includes the name of a person, that person must be a partner/owner in the License.
- Family names should not be used as a trade name unless it includes the first name.
- Names should be written literally and not translated. For example, if the Arabic name is (المستقبل للتجارة) it must be written as “Al Mostaqbal Trading”.
- The trade name should not include the name of a country or government.
- The trade name should not include any punctuation marks, such as (., ! ? /).
- The Department of Economic Developmentreserves the right to levy fines for name violations in previous years.
- The trade name cannot start with "International", "Middle East”, "Global", etc.
Technical Analysis Conditions for the “Place of Business”:
First Condition – Regulatory Aspect:
A new facility shall not be opened, or an old facility transferred next to a facility that practices the same activity except with express approval from the Department of Economic Development, and provided that the siteis not incompatible with the approved activity in the area or main roads.
Second Condition – Aesthetic Aspect:
Neighbouring shops will be taken into consideration and the extent to which their activities andsize are compatible with existing Licenses and shops.
Third Condition– Health Aspect:
This concerns shops that practice activities that may affect people’s health and safety. For moreinformation, please refer to a representative of the Health Division at the Department of EconomicDevelopment.
Fourth Condition– Safety and Security:
This concerns shops that engage in activities that use flammable and hazardous materials. Formore information, please refer to a representative of the Civil DefenceDivision at the Department of EconomicDevelopment.
Economic Licensing
| Economic Licensing | ||
|---|---|---|
| S.No | Statement | Fee / AED |
| 1 | New / Renewal of Economic license (Commercial, Vocational, Industrial & Tourism). | Category one 10.000, category two 5.000, category three 2.500, category four 1000, category five 400 |
| 2 | New/ Renewal of 'Al Ghad' license. | 1000 |
| 3 | Amendment of the information of a valid license | 150 |
| 4 | Amendment of the information of an expired license | 100 |
| 5 | Cancelation of a valid license | - |
| 6 | Cancelation of an expired license which has not exceeded 90 days since its date of expiration. | - |
| 7 | Cancelation of an expired license, which has exceeded more than 90 days since its date of expiration but not 3 years. | 500 (Including delay fees) |
| 8 | Cancelation of an expired license, which has exceeded 3 years since its date of expiration. | AED 150 |
| 9 | Cancelation of 'Al Ghad' License. | AED 150 |
| 10 | Initial approval of a license issuance | 100 |
| 11 | Reservation of an Economic name | Arabic Name (Al Salam, Al Kefah, Al Tahaddi) AED 200 (two months) Proper Names (Al Khaleej, Al Ittihad, Al Arabia, Al Dawlia, Al Mottaheda, Julfar, Majan) AED 1000 (two months) Arab Countries and cities (Al Emarat, Qatar, Ras Al Khaimah, Dubai) AED 1000 (two months) Foreign countries and cities (New York, Europe, Vienna, Spain) AED 3000 (two months) Foreign name (challenge, champion, peace) AED 3000 (two months) |
| 12 | Adding partner | 100 per partner + amendment fee in article no. (5) or (6) |
| 13 | Adding activity | By category in article no. (1) |
| 14 | Changing activity | By category in article no. (1) |
| 15 | Selling trade shop | 500 |
| 16 | Devolution of License | 300 + article amendment fee no. (5) or (6) |
| 17 | Sole Proprietorship | 400 |
| 18 | Appointing a service agent to the license | 700 |
| 19 | Partnership company | 400 |
| 20 | Business Company | 1000 |
| 21 | Limited Partnership Company | 2500 |
| 22 | A limited liability company | 2500 |
| 23 | A public shareholding company | 10,000 |
| 24 | A private shareholding company | 10,000 |
| 25 | Branch of a foreign company | 10,000 |
| 26 | Free zone branch | 5000 |
| 27 | Representative Card of a company or establishment | 100 (Yearly) |
| 28 | Representative Card of Transaction Clearance Office | 500 (Yearly) |
| 29 | License printing | 50 |
| 30 | license suspension | 500 |
| 31 | Licensedelay fine | AED 10 per month |
| 32 | Economic Bulletin | 10 |
| 33 | Development | 200 |
| 34 | Translation of a license | 250 |
| 35 | TWIMC letter | 50 |
| 36 | Express transactions | 250 |
| 37 | Commercial transaction clearance services on the establishment site location. | 100 |
| 38 | Inquiry (search certificate) – for mortgage purpose | 1000 |
| 39 | Registration of a trade shop mortgage. | 5000 |
| 40 | Registration of an appendix of a trade shop mortgage | 2500 |
| 41 | Renewal of a trade shop mortgage. | 5000 |
| 42 | Amendment appendix of a mortgage | 2500 |
| 43 | Report of a specific economic activities | AED 100 up to (20) pages, AED 5 per any extra paper |
| 44 | Manually service request of an electronic service at the DED headquarters or its branches. | 50 |
| 45 | Settlement of a trademark dispute | 2000 |
| 46 | Settlement of a Franchise dispute | 2000 |
| 47 | Settlement of a Service Agent Contract | 300 |
| 48 | Settlement of a commercial license dispute | 500 by activity type |
| 49 | Replacement in Lieu of Lost License | 100 |
| 50 | Spitting image of a license | 75 |
| 51 | Extraction of a paper from the establishment file | 50 |
| 52 | Replacement of a company and appointing a liquidator | 1000 |
| 53 | Amendment appendix | 100 |
| 54 | Sale/Waiveramendment contractAppendix | 100 |
| 55 | Sale/Waiver Contract | 100 |
| Economic Licensing | ||
| s | Statement | Fee / AED |
| 56 | Adding article, provision or clause. | 100 |
| 57 | Memorandum of Association (Arabic/ English) | 300 |
| 58 | Obtaining a Service Agent/ Partnership Contract Sample | 50 |
| 59 | Replacement in Lieu of Lost Permit issued by DED | 50 |
| 60 | Trial Permit | 300(Monthly) |
| 61 | 'Promote Now' Permit | 20(Monthly) |
| 62 | Permit of additional activities of Petrol Stations | 1000(Yearly) |
| 63 | التصاريح المركبة | 500 (Yearly) |
| 64 | Model templateat display window (Vitrine) | 200 (Yearly) |
| 65 | 24/7 working permit | 3000 (Yearly) |
| 66 | 24/7 working permit (café) | 10.000 (Yearly) |
| 67 | Extra hours working permit | 1000 (Monthly) |
| 68 | Tents (500 sqft or less) | 2000 (Monthly) |
| 69 | Tents (501 sqft to 1000 sqft) | 5000 (Monthly) |
| 70 | Tents (more than 1000 sqft) | 10.000 (Monthly) |
| 71 | Kiosks Permit | 3000 (Yearly) |
| 72 | Counters permit | 1000 (Yearly) |
| 73 | Permit of Currency Vending Machines | 200 per machine (Yearly) |
| 74 | Permit of additional activities to the establishment | 500 per activity (Yearly) |
| 75 | Permit of food orders delivery (during the day of Ramadan) | 500 (Monthly) |
| 76 | Permit of shoes repair kiosk | 500 (Yearly) |
| 77 | Permit of Corn kiosk (Foodstuffs) | 500 (Yearly) |
| 78 | Permit of Insurance offices | 4000 (Yearly) |
| 79 | Automatic Teller Machine (ATM) Permit | 1000 (Yearly) |
| 80 | Touch Automatic Payment Machines (APM) Permit | 500 (Yearly) |
| 81 | Catering service in labor camp/ meals | 1000 (Yearly) |
| 82 | Permit of Electronic games | 500 per machine (Yearly) |
| 83 | Car wash services at public parking Permit | 1000 (Yearly) |
| 84 | Permit of valet car parking | 500 (Monthly) |
| 85 | Permit of warehouses and stores of establishment | 4% of the rental value (Yearly) |
| 86 | Permit of additional offices | 4% of the rental value (Yearly) |
| 87 | Auction Permit | 500 (Monthly) |
| 88 | Permit of a local or international exhibition (multi participants). | 500 plus ^% of the value of the sold tickets (if any) (Monthly) |
| 89 | Permit of a local exhibition (one participant). | 300 (Monthly) |
| 90 | Amendment of the exhibition information | 100 |
| 91 | Permit of free participation conferences | 200 (Monthly) |
| 92 | Permit of paid -participation conferences | 500 (Monthly) |
| 93 | Conferences held on the sidelines of the exhibitions, fees applied. | 300 (Monthly) |
| 94 | Amending the information of a conference Permit | 100 |
| 95 | Disabled vehicle Towing Services Permit | 3000 (Yearly) |
| 96 | Truck permits | 2500 per vehicle (Yearly) |
| 97 | Temporary truck permit (overloaded) | 100 per day per truck |
| 98 | Heavy equipments permit | 3000 (Yearly) |
| 99 | Diesel distribution permit | 6000 (Yearly) |
| 100 | Other activities distribution permit | 3000 (Yearly) |
| 101 | Delivery permit | 500 (Yearly) |
| 102 | Temporary work permit for an establishment | 10.000 (Yearly) |
| 103 | Expired permanent permit fine | 100 Irrespective of delay period |
| 104 | Sale permit | By the area of the shop: Area that less than 2000 sq ft AED 1500 (Monthly) Area between 2001 to 4000 sq ft AED 2000 (Monthly) Area between 4001 to 6000 sq ft AED 3500 (Monthly) Area that more than 6001 sq ft AED 5000 (Monthly) |
| 105 | Extending the sale permit | By the area of the shop: Area that less than 2000 sq ft AED 250 (two weeks) Area between 2001 to 4000 sq ft AED 350 (two weeks) Area between 4001 to 6000 sq ft AED 800 (two weeks) Area that more than 6001 sq ft AED 1400 (two weeks) |
| 106 | Clearance permit | 2000(Monthly) |
| 107 | Extending the clearance permit | 1000 (two weeks) |
| 108 | Special offers permit | 1500(Monthly) |
| 109 | Extending the Special offers permit | 500(two weeks) |
| 110 | Discount on good prices by one percentage rate or two (maximum) Permit. | (Monthly)1500 |
| 111 | Extending the discount on good prices by one percentage rate or two (maximum) Permit. | 500(two weeks) |
| 112 | Gift or prizes with specific rate of purchase Permit | (Monthly)1500 |
| 113 | Extending gift or prizes with specific rate of purchase Permit | 500(two weeks) |
| 114 | Various offers Permit | (Monthly)500 |
| 115 | Promotional campaign permit | Grand Promotional Campaign AED 2000 (Monthly) Medium Promotional Campaign AED 1000 (Monthly) Small Promotional Campaign (simple) AED 600 (Monthly) Medium Promotional Campaign (simple) AED 800 (Monthly) Grand/General Promotional Campaign AED 5000 (Monthly) Medium/General Promotional Campaign AED 3500 (two months) Small/General Promotional Campaign AED 2000 (two months) Grand & instant Promotional Campaign AED 2000 (Monthly) Medium & instant Promotional Campaign AED 1000 (Monthly) Small & instant Promotional Campaign AED 600 (Monthly) Free taste samples AED 300 (Monthly) Car raffle draw Promotional Campaign (on stage) AED 500 (Monthly) |
| 116 | Extending the Promotional campaign permit | Grand Promotional Campaign (instant draw) AED 500 (two weeks) Small Promotional Campaign (simpleoffers) AED 400 (two weeks) Free taste samples AED 150 (two weeks) |
| 117 | Draw (from 1 to 5th) permit | 500 |
| 118 | Amendment of the draw permit | 1 to 5th draw AED 500 After 5th draw (100 per each draw) |
| 119 | Printing & distributing advertising flyers permit | Brochure in Arabic AED 200, in English AED 800 (monthly) Booklet in Arabic AED 300, in English AED 1000 (monthly) Paper flayers in Arabic size (A2) AED 200 (monthly) Paper flayers in Arabic size (A3) AED 150 (monthly) Paper flayers in English size A2 & A3 AED 600 (monthly) Paper flayer in Arabic size (A4) AED 100 (monthly) Paper flayer in English size (A4) AED 300 (monthly) |
| 120 | Advertising booklet | 500 Monthly |
| 121 | Roll up | 200 Monthly |
| 122 | Advertising CDs | 200 Monthly |
| 123 | Street lamppost banners | 100 (Monthly) |
| 124 | (SMS) | 100 (Monthly) |
| 125 | Advertising cloth banner | 250 (Monthly) |
| 126 | Trademarks on advertising stickers | 200 (Yearly) |
| 127 | Advertising stickers permit | By area: 80 sq ft or less AED 300 yearly 81 -160 sq ft AED 600 yearly 161 – 400 sq ft AED 900 yearly 400 sq ft or more AED 2000 yearly |
| 128 | Editing, promotional advertisements | 100 |
Opening an Individual Establishment
This service allows you to submit a request to open an individual establishment through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Copy of the Applicant’s Passport
✓ Copy of the Applicant’s Emirates ID
✓ Copy of the General Manager’s Passport and ID card (if any)
✓ Academic Certificates and previous practical experience of the License holder or General Manager (if activities require this)
✓ Approval from other Governmental bodies according to the activity
✓ Original Rent Contract certified by the Municipality and a Copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
Fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening an Agent Services Establishment
This service allows you to submit a request to open an Agent Services Establishment (Professional/Commercial) through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Copy of the Applicant’s Passport showing residency and visa details
✓ No Objection letter from the license holder’s sponsor certified by the Chamber of Commerce (if needed)
✓ Copy of the Citizen’s Passport (service agent), family book and ID card
✓ Approval of activities in line with the service agent
✓ Approval from other Governmental bodies according to the activity
✓ Original Rent Contract certified by the Municipality and a Copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
✓ Certification of the Service Agent Contract by the Notary Public present at the Department of Economic Development
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening a Business Company
Through this service, you can submit a request to open a business company through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Copy of the Citizen’s Passport and ID card
✓ Passport copies for all partners and residency/visa details, regarding expatriates
✓ No Objection letter from the license holder’s sponsor certified by the Chamber of Commerce (if needed)
✓ Approval from other Governmental bodies according to the activity
✓ Certification of partnership contract by the Notary Public present at the Department of Economic Development.
✓ Original Rent Contract certified by the Municipality and a Copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening a Limited Partnership Company
Through this service, you can submit a request to open a Limited Partnership Company through the Department of Economic Development in Ras Al Khaimah.
Required Documents
✓ Passport copies for all partners and residency/visa details for expatriates
✓ Copy of the Citizen’s Passport and ID card
✓ Copy of the Managing Director’s Passport (if not one of the partners)
✓ Proof of Capital through a letter from a bank or Account Statements from an accredited auditor as requested by the Department
✓ Approval from other Governmental bodies according to activity
✓ No Objection letter for expatriate partners, certified by the Chamber of Commerce (if they do not work at the same establishment)
✓ Original Rent Contract certified by the Municipality and a copy of property ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
✓ Certification of Partnership Contract by the Notary Public present at the Department of Economic Development
✓ Certification of Partnership Contract by the Ministry of Economy (through the typing centers at the Department of Economic Development)
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening a General Partnership Company
This service allows you to submit a request to open a General Partnership Company through the Department of Economic Development in Ras Al Khaimah.
Process Description
- Fill out the License application at the Department of Economic Developmentin Ras Al Khaimah
- Submit all the required documents
- Pay the fee
- Collect the License
Required Documents
✓ Passport copies for all partners
✓ Copy of the citizen’s ID card
✓ Copy of the Managing Director’s Passport (if any)
✓ Approval from other Governmental bodies according to activity
✓ Original Rent Contract certified by the Municipality and a Copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
✓ Certification of Partnership Contract by the Notary Public present at the Department ofEconomic Development.
✓Certification of Partnership Contract by the Ministry of Economy (through the typing centers at the Department of Economic Development)
Required Documents
- Passport copies for all partners and residency/visa details regarding expatriates, in addition to Family Books and ID cards copies for citizens
- Copy of the Managing Director’s Passport (if not one of the partners).
- Proof of Capital in the case of Limited Liability Companies by way of a letter from a bank or Account Statements from an accredited auditor as requested by the Department of Economic Development
- Approval from other Governmental bodies according to the activity
- No Objection letter for expatriate partners, certified by the Chamber of Commerce (if they do not work at the same establishment)
- Original Rent Contract certified by the Municipality and a Copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
- Certification of Partnership Contract by the Notary Public present at the Department of Economic Development
- Certification of Partnership Contract by the Ministry of Economy (through the typing centers at the Department of Economic
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening a Limited Liability Company
This service allows you to submit a request to open a Limited Liability Company through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Passport copies for all partners and residency/visa details regarding expatriates, in addition to Family Books and ID cards copies for citizens
✓ Copy of the Managing Director’s Passport (if not one of the partners).
✓ Proof of Capital in the case of Limited Liability Companies by way of a letter from a bank or Account Statements from an accredited auditor as requested by the Department of Economic Development
✓ Approval from other Governmental bodies according to the activity
✓ No Objection letter for expatriate partners, certified by the Chamber of Commerce (if they do not work at the same establishment)
✓ Original Rent Contract certified by the Municipality and a Copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
✓ Certification of Partnership Contract by the Notary Public present at the Department of Economic Development
✓ Certification of Partnership Contract by the Ministry of Economy (through the typing centers at the Department of Economic Development)
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening a Joint-Stock Company
This service allows you to submit a request to open a Joint-Stock Company (public/private) through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Approval from Ministry of Economy (in case of a Private Joint-Stock Company); approval from Securities and Commodities Authority (in case of a Public Joint-Stock Company)
✓ Copies of Founders’ Passports
✓ ID cards for Citizens
✓ Copy of the Managing Director’s Passport (if any)
✓ Approval from other Governmental bodies according to the activity
✓ Copy of Project Feasibility Study
✓ Original Rent Contract certified by the Municipality and a Copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
✓ List of the names, date and place of birth, job and Signature
✓ A Form for members of the Board of Directors
✓ Certification of Partnership Contract by the Notary Public present at the Department of Economic Development
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening Branches for Local Companies and Establishments
This service allows you to submit a request to open a Branch for a local company or establishment through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Letter from the Establishment or Company to open a Branch or Authorization of a branch manager
✓ Copy of the Managing Director’s Passport (if any)
✓ Copy of a valid Economic License for the main office and a list of partners in association
✓ Copy of the main company’s Memorandum of Association
✓ Academic Certificates and previous practical experience of the License holder or Managing Director, if the activity requires such, in the case of an individual establishment
✓ Company capital if the activity or legal form requires such
✓ Approval from other Governmental bodies according to activity
✓ Original Rent Contract certified by the Municipality and a copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
✓ Copy of the Passport and ID card (in the case of an individual establishment)
✓ Copy of the Passports of all partners with residencystatus/visa details for expatriates (in the case of a partnership)
✓ Copy of the ID card for citizens
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail:rakded@economic.rak.ae
Hotline: 8007333
Website:
www.ded.rak.ae
Opening branches for GCC companies
This service allows you to submit a request to open a Branch for a GCC company through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License Application Form at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Letter from the Establishment or Company to open a Branch or Authorization of a Branch Manager
✓ Copy of all partners’ passports
✓ Copy of the Commercial License approved by the embassy of the issuing country and the UAE Ministry of Foreign Affairs
✓ Copy of the Memorandum of Association approved by the embassy of the country that issuedthe license and by the UAE Ministry of Foreign Affairs
✓ Approval from other Governmental bodies according to the activity
✓ Original Rent Contract certified by the Municipality and a copy of property ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening Branches for Foreign Companies
This service allows you to submit a request to open a branch for a foreign company through the Department of Economic Development in Ras Al Khaimah.
Process Description
1. Fill out the License application at the Department of Economic Developmentin Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Initial approval from the Ministry of Economic of RAK
✓ Letter from the establishment or company to open a branch or authorization of a Branch Manager
✓ Copy of the Branch Manager’sPassport with residency/visa/entry stamp details
✓ No Objection letter from the sponsor (for expatriate partners) certified by the Chamber of Commerce (if needed)
✓ Copy of the Commercial License translated into Arabic and certified by the embassy of thepartners’ nationalities and the UAE Ministry of Foreign Affairs
✓ Copy of the main company’s Memorandum of Association authorized and translated into Arabic, and certified by the embassy of the partners’ nationalities and the UAE Ministry of Foreign Affairs
✓ Copies of the Citizen’s (as a service agent for the license) Passport and ID card
✓ Approval from other governmental bodies according to the activity
✓ Original Rent Contract certified by the Municipality and a copy of Property ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website: www.ded.rak.ae
Opening a Branch for an Economic Zone License Company
This service allows you to submit a request to open a branch for an Economic Zone License Company through the Department of Economic Development in Ras Al Khaimah.
The First Case: In the case of opening an Economic Zone Branch, the company established in the RAK Economic Zone is considered a foreign branch, and a Local Services Agent Contract between the company and the service agent is issued and certified by the notary.
The Second Case: To establish a Limited Liability Company between partners with Ras Al Khaimah Economic Zone (RAKEZ) authority, the license is considered limited and is independent.
Process Description
1. Fill out the License Application at the Department of Economic Development Ras Al Khaimah
2. Submit all the required documents
3. Pay the fee
4. Collect the License
Required Documents
✓ Initial approval from the Department of Economic Development to open a foreign company (for the First Case)
✓ Approval from the Ras Al Khaimah Economic Zone (RAKEZ) Authority to open a branch or include a partner
✓ Copy of the main company’s or establishment’s Commercial License
✓ Copy of the main company’s Memorandum of Association (if any)
✓ Copy of the Citizen’s (as a service agent or partner) valid Passport and ID card
✓ Copy of all partners’ passports, with visa/residency details (for expatriates)
✓ The company’s Authorized Signatory (Authorized Manager), and a copy of his passport with visa/residency details
✓ Service Agent Contract certified by the notary (for the first case), or a Memorandum of Association (for the second case)
✓ No objection letter from the sponsor certified by the Chamber of Commerce (if needed)
✓ Company minutes or resolution certified by the notary
✓ Original Rent Contract certified by the Municipality and a copy of Property Ownership after approval from the Inspection Division at the Department of Economic Development regarding the site
Fees
Click here to view the fees
Responsible Department
Department of Economic Development in Ras Al Khaimah
Phone: +971 7 2271222
Fax: +971 7 2271444
E-mail: rakded@economic.rak.ae
Hotline: 8007333
Website:
www.ded.rak.ae