The northernmost country of the United Arab Emirates affectionately called the “top of the tent,” is a booming business backdrop among the seven Emirates, that make the UAE. What makes the two thousand square feet Emirate an excellent choice for business investors and the like? Well, there are a lot of things that make business setup in Ras Al Khaimah highly sought after.
What are the best Opportunities for business setup in Ras Al Khaimah?
Al Ras Khaimah, for quite some time now has been a haven for business investors and employees alike. The perfect amalgamation of the right environment, regulatory frameworks, location and the proper facilities invoke the budding businesses to achieve the next level of growth.
New startup businesses require the best of the facilities and the most lenient of the regulations to thrive in an environment that is cost-effective as well. And as you can guess business setup in Ras Al Khaimah mainland gets all the above benefits.
E-commerce for different businesses, construction sector erecting world-class infrastructures, banking and finances dealing with the growing economy including managing and overseeing investments, properties, assets, loan granting and currency exchange, are all the vertices available.
Where to Invest for Business Setup in Ras Al Khaimah?
There are a lot of investment opportunities for business setup in Ras Al Khaimah free trade zone as well as the mainland. You can find your suit from any of the below sectors-
Energy, oil and natural resources development and exploitation
Sports and related services
Tourism
Health
Agriculture
Consultancy services
Information technology services
Technical work services
Educational services
Industries
Business Setup in Ras Al Khaimah; Things You Need to Know
Just like every other emirate in the UAE, setting up a business in Ras Al Khaimah offshore , mainland, and free zone also has prerequisites that need to be taken care of.
Choosing a Suitable Legal Business Structure
For instance, before venturing into any form of business setup, an investor is required to look into the legal category of the concerned business. There is free zone as well as non-free zone business setup in Ras Al Khaimah. Some licences are solely available for either non-free zone or free zone.
Registering a Suitable Trade Name
An appropriate trade name must be chosen for the business, following the rules and regulations.
Affiliate Authorities Approval
After clearing the initial approvals for finalising the trade name and others, the investor is required to clear the permissions of other concerned authorities as well.
Obtaining the Licence
After the approval of the concerned authorities are taken care of, the last step before obtaining the licence is to fulfill the formalities of the Department of Economic Development. Your final licence will be declared after completing all the above procedures, that could range from professional, commercial, industrial etc.
You may also like:
Comments