Business

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