Ras Al Khaimah trade license
Want to start a company in Ras al Khaimah? The first thing you must have in your possession is a Ras Al Khaimah trade license. It’s like your work permit that allows you to conduct business in RAK. Since Ras al Khaimah is a different emirate than Dubai, thereby you need to acquire its trade license separately.
As a foreigner, it will be challenging for you to process all the documents and other requirements of getting a trade license in RAK. Thereby, Prospr is unlocking a detailed guide that will answer all your queries regarding the business license of Ras Al Khaimah. So, let’s get started.
Ras Al Khaimah trade license types
Trade license is a work permit from RAKEZ. It allows you to conduct specific business activity in these emirates.
Here are some common business license offered by this emirate
Commercial license: If you want to start trading in goods and services then you need to get a commercial license in RAK.
Educational: You need to acquire an educational license when you have a plan to start an institute or run an educational consultancy business in RAK.
E-commerce: Do you want to trade in good and service through electronic means or online? In that case, you must have an eCommerce license.
General trading: Planning to trade in multiple goods or services? It’s always a good idea to get a general trading license to start a general trading company in Ras Al Khaimah.
Read about how to get an industrial license in RAKEZ
Media: This license is required to run media related business activities.
Industrial: Do you want to run a business of import/export, packaging or manufacturing? In that scenario, you must have an industrial license in your hand.
Service: When you are going to run a service business, a service license is required.
Professional: An individual offering professional service needs to obtain a professional license in RAK.
Freelance permit: This work permit is designed for freelancer of the media, IT, education and analyst industry.
Do you know the requirement of freelance visa in Dubai?
Important note:
Only commercial and industrial licenses are Dual work permits- meaning they will allow you to conduct business not only in RAK but also in the Mainland. You can do business within and outside the freezone without any hesitation.
Read everything about different types of trade license in Dubai-
How to get Ras Al Khaimah trade license
Here are some steps you need to follow:
Step 1-Business activity specification
In the first step, you need to specify what kind of business activity you are going to conduct in RAK. Later, you will apply for a license as per your activity. Let’s say you are going to run an eCommerce store, you need to get an eCommerce license. Manufacturing or packaging requires an industrial license.
If you are confused in selecting a business activity or a relevant business license, no need to sweat anymore because Prospr is here to help. Our consultants have years of experience handling business licenses, thereby we can offer you the support you are looking for. Call now
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Step 2-Choose trade name and get approval
Next step is to choose a specific trade name for your business and then reserve this trade name with the Ras Al Khaimah Department of Economic Development (RAK DED). You also need to get initial business approval from RAK DED.
Step 3- License application
You will apply for a business license on official website of RAK and then you will submit required document such as:
- Passport Copy of the Shareholder
- Passport Size Photograph
- Company Trade name certificate
The RAK licensing authority will check the details of your application and review every document and then require you to provide additional documents or make changes.
Read about the importance of business license in Dubai
Step 4-Make payment
The RAK authority will issue a payment voucher, you need to clear this payment. Once RAK will check the document and review your application, they will issue a license.
Ras Al Khaimah trade license cost
The cost of getting a business license in RAK varies from one license to another. There are many Ras Al Khaimah trade license fees that will contribute to overall cost. Normally, cost increase with office space size, business’s income and number of employee.
- Trade license cost in RAK is AED 10,000-20,000 per year
- Cost of general trading license is AED 10,000-20,000 per year
- Consulting/service trade license is AED 10,000-15000 per year
- Media license cost in RAK is AED 15000-25000 per year.
Ras Al Khaimah trade license renewal
A business license is issued for only one year and later on, the license needs renewal. You need to have following documents for renewal:
- Valid lease agreement attested by Ejari for at least one month
- Typed BR/1 Form
- Copy of current business license
- Passport copies of shareholders and business partners
Understand the penalties and fines for an expired trade license
Prospr make the business Setup in RAK hassle-free
As a foreigner, if you want to make the most of a cost-effective business setup in Ras Al Khaimah free zone, our business consultants can help you in this regard. From document prep to license acquisition, we will offer you utmost support and guidance. Send us inquiries at hello@prosprplus.ae
FAQs
How to check Ras Al Khaimah trade license online?
If you want to check the status of your RAK license, you need to get help from an online portal:
- Visit this link of official portal of RAKEZ
- You can login through credential or using UAE PASS
- Next you need to check your business license status from the dashboard.
- If it’s active, you don’t need to do anything.
- But if status is not active, you can renew your license right from this dashboard.
Is Rakez a government entity?
The government of Ras Al Khaimah has created RAKEZ- it’s one of the largest economic zones in the region. The purpose of creating RAKEZ is to provide a region where startups, small business, industrialists and entrepreneurs can setup their business with ease.
What is the phone number for the Rakez portal?
You can get customer service from the service desk Mazeed. Other ways to connect with customer service is to call them 800 RAKEZ (72539) or email through mazeed@rakez.com or .
What is the Rakez portal?
The RAK government has introduced the RAKEZ 360 portal. It’s an online platform that offers a wide variety of e-services. Users can access services 24/7. Like if you want to get a UAE business license of RAK, you can utilize this portal and send your application within a few clicks.
What is the free trade zone in the RAKEZ?
The freezone in the RAKEZ are designed to attract investors and entrepreneurs to setup a business in RAK at a low cost. You can make the most of a tax-free environment while foreigners own 100 percent share of their business. Besides, you can expedite the visa process and source material and labour internationally.
