Step-by-Step: How to Start a Business in Ras Al Khaimah
Step 1: Choose Your Business Type
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Mainland Business: Can trade directly within the UAE.
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Free Zone Business (e.g., RAKEZ – Ras Al Khaimah Economic Zone): Offers benefits like 100% foreign ownership, tax exemptions, and simplified setup.
For startups and international entrepreneurs, a free zone setup is often the easiest and most cost-effective.
Step 2: Define Business Activity
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Decide on the exact nature of your business (e.g., retail, consulting, manufacturing).
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Activities must align with the list provided by the Department of Economic Development (DED) or your chosen free zone authority.
Step 3: Choose a Business Structure
Common legal forms include:
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Sole Establishment
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Limited Liability Company (LLC)
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Free Zone Company (FZC or FZE)
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Branch of a foreign company
Most solo entrepreneurs choose FZE (Free Zone Establishment); partnerships often go with FZC (Free Zone Company).
Step 4: Reserve a Company Name
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Select a unique and appropriate business name.
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Follow naming conventions (e.g., no religious or political terms).
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Apply for name reservation through DED (for mainland) or free zone portal.
Step 5: Apply for Initial Approval
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Submit required documents: passport copy, business plan, and application form.
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This gives you permission to proceed with the business setup.
Step 6: Lease Office Space or Business Facility
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Free Zone: Choose from flexi-desks, offices, or warehouses.
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Mainland: You’ll need a tenancy contract (Ejari) for a physical location.
Step 7: Submit Final Documentation & Pay Fees
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Finalize paperwork including Memorandum of Association (MOA), lease agreement, and ID documents.
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Pay applicable license and registration fees.
Step 8: Get Your Business License
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You’ll receive your Trade License allowing you to operate legally in RAK.
Step 9: Open a Corporate Bank Account
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Use your license and company documents to open a business bank account in the UAE.
Step 10: Visa Processing (Optional)
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You can apply for residency visas for yourself, employees, and family members through your license.
