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Business Setup in RAS AL KHAIMAH MAINLAND
Ras Al Khaimah witnesses a large of foreign investors as it is one of the most developed economies in the Emirates that have seen tremendous economic development. RAK has a physical presence in the Emirate builds trust among the natives and help in forging longterm customer relationships and obtaining trade contacts in the UAE. Liberal government policies, state-of-the-art infrastructural development, thriving economy and friendly trade relations with neighboring countries are some of the many factors that attract major foreign investment in RAK.
In Ras Al Khaimah mainland, different types of license and partnership are possible. Either you will start with Sole Establishment (single owner), civil works (Multiple foreign owners) or Limited Liability Company (LLC).
A Limited Liability Company must involve a local sponsor who has to contribute 51% of the company’s capital while the remaining 49% is shared between other partners. Investors need to comply with all the legal requirements outlined by the Department of Economic Development (DED) to set up their Limited Liability Company in Ras Al Khaimah mainland.