In order to set up a business in Ras Al Khaimah free zones, the suitable license is required. The registration and issuance of business licenses to non-resident companies in Ras Al Khaimah are handled by the Free Zone Authority, and other licensing procedures are regulated by the federal government.
a) General commerce License: This type of license combines commerce and industrial requirements.
It enables trade in more products, serving a variety of businesses. However, trading is forbidden for some goods, including guns, medicine, alcohol, and other things that are subject to particular laws and regulations.
b) Commercial License: Individuals who engage in trade within the nation are granted a commercial license. Stated differently, it allows for the exchange, purchase, and sale of products, commodities, and services.
c) Industrial License: Business owners in RAK who set up their establishments to manufacture, import, export, and package goods in accordance with government regulations utilize an industrial license, which is a different kind of license.
d) Service License: Anyone conducting consulting or providing services in any industry inside the Emirate is eligible to apply for a service license.
e) Professional License: Those who offer professional services, such as physicians, attorneys, consultants, etc., are granted a professional license. It describes itself as an official acknowledgment of their professional practice.
Businesses comparing UAE incorporation options may also explore business setup in Sharjah free zone for cost-effective licensing and flexible company formation opportunities.
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