Set Up Your Business in Ras Al Khaimah Economic Zone (RAKEZ)

• Reserve a trade name
• Obtain a preliminary approval
• Obtain an approval from other authorities if the activity deems necessary
• Obtain the Memorandum of Association of the companies
• Provide a certificate of authenticity of the lease contract issued from the Real Estate Regulatory Agency.

Yes, except in the case of engineering consultancy.

no

• Filling a registration and license application form and reserving a trade name.
• A copy of the responsible director’s passport and a no objection letter from his current sponsor
• Approval of other governmental agencies concerned with the activity of the company
• The Board of Directors’ decision to open a branch and to appoint a director and a copy of the Memorandum of Association and the Commercial Register
• The Ministry of Economy approval for the commercial and industrial companies where the rate of nationals is less than 51%

• The total site area of the business center shouldn’t be less than 5000 feet where the area of each office is not less than 250 feet including hallways and facilities. The net area per office shouldn’t be less than 200 square feet. • Having a lease agreement between the property owner and the business center of a period not less than 4 years.
• A written consent by the property owner authorizing the business center to sublease the property during the period of the lease contract.
• Submitting schemes for the site showing the number and the distribution of offices until the allowed number of establishments that can be registered in the site is determined by the commercial register sector in accordance with the aforementioned information in paragraph (A) of this article.
• An annual fee of 25,000 twenty five thousand AED is calculated for every site allocated for the business center activities.

Having educational qualifications, experience, and obtaining external approvals.

The same usual conditions in addition to paying 500 AED. Yes. No

Yes

Paying 50 million and having a legal form as a limited liability company.

Commercial activities are the activities that require a capital to be practiced. They include wholesale and retail trade, construction, transportation, stockpiling, communication, financial intermediation, real estate, and leasing.

Industrial activities are the activities that require a capital to be practiced. They include manufacturing, mining, quarrying, electricity, gas, and water.

Professional activities are the activities that depend on mental and physical effort to be practiced. They include agriculture, fishing, education, health, social work, and community, social and personal services.

No, but the owner can.

Yes

You can apply for a trade name online or go through an authorized document cearing office or approved lawirm. Please note that to access online services, you need a user account.

It includes the trade of all kinds of goods and products that are mentioned in full details in the trade category of the activity classification guidebook except for those that require an external approval from concerned authorities.

To be qualified, and to have an experience in the required consultation field. The requirements of the consultations that require an external approval are determined by concerned authorities.