UAE Licence Procedure and Requirements

 If you have decided that setting up a business in the UAE is the right solution for you, your next move is to understand the requirements and the process.

To make things easier (and more transparent) we have outlined the key elements below:

To obtain a trade license in Ras Al Khaimah Economic Zone (RAKEZ), businesses must first choose the appropriate license type and business activities, then complete the online application with necessary details and documents, and finally make the payment. The process also involves choosing a legal structure, selecting a company name, and potentially seeking guidance from business setup consultants.
Here’s a more detailed breakdown:

1. Choose your license type and activities:
Determine the type of license needed (e.g., commercial, industrial, or professional) based on your business activities. You’ll need to select a name and activities that align with the UAE’s pre-approved lists.

2. Select a company name and legal structure:
Choose a company name that complies with UAE naming conventions and select the appropriate legal structure for your business.

3. Determine the legal structure:
Decide on the legal structure of your company (e.g., LLC, Free Zone Enterprise, etc.).

4. Prepare required documents:
This typically includes a passport, visa or Emirates ID, a no-objection certificate (NOC) if applicable, and a business plan.

5. Complete the online application:
Fill out the online application with accurate details and select your preferred business activities.

6. Submit the application and documents:
Submit the completed application form and required documents to the relevant RAKEZ authority.

7. Make payment:
Pay the required fees for the chosen license package and any additional fees.

8. Receive the license:
Once the application is approved and payment is made, you should receive your business license, enabling legal operations in the UAE.

9. Additional steps:
You may need to register for customs if your business involves importing or exporting goods and open a corporate bank account.

10. Renewal:
Renew your RAKEZ license online through the RAKEZ 360 portal, ensuring you upload all required documents and pay any applicable renewal fees.