Steps For Mainland Company Set Up In Ras Al Khaimah
There are various steps involved in mainland company formation in Ras Al Khaimah such as navigating through government approvals, registration, and license requirements. LegalWorks can assist in each step to make the process easy and straightforward for business owners.
Choose a business activity.
There are many legal structures a mainland company set up in Ras Al Khaimah can take, such as LLC, sole proprietorship, civil company, and branch. We will assist you in choosing the company structure that is in line with your business activity.
Choose your company structure.
There are many legal structures a Mainland company set up in Ras Al Khaimah can take, such as LLC, sole proprietorship, civil company, and branch. We will assist you in choosing the company structure that is in line with your business activity.
Choosing a tradename
UAE has certain rules and restrictions regarding the trade name of a company. It is essential to check with the Department of Economic Development regarding the permitted trade names to prevent any unforeseen setbacks. A general list of rules regarding trade name are:
- The name must not violate the public morals or the public order of the country
- The name must be followed by the legal form of the company, for example (LLC)
- The name should not have been previously registered
- The name should be compatible with the type of activity and legal status
- Trade name should not contain names with religious significance, or governing authority, or logos of any external bodies.
4. Obtain Initial Approval
Companies must obtain initial approval from the Department of Economic Development (DED). The initial approval is an important document that conveys that the UAE government has no objection in establishing the business. Foreign investors also need the approval of the General Directorate of Residency and Foreigners’ Affairs before they can get the initial approval.Our team will assist you in the collection of the required documents for approval which include passport copy, No Objection Letter from your sponsor and a business plan.
5. Get external approvals
Many government institutions work in tandem with the Department of Economic Development to issue a business license. These include the Ministry of Interior, Ministry of Economy and Local health departments. Depending on the nature of the business activity approval from these institutions is also required.
6. Get your license
This is the final step in the incorporation process. Obtaining a license requires the submission of the license application documents and legal documents. These include:
- Initial approval receipt and all the previously submitted documents
- Duly attested memorandum of association
- Approvals from other government entities concerned
- Shareholder details and passport copies
At LegalWorks, our experts will assist you in every stage of the business set-up process. This includes determining the type of license and business structure, regulations compliance, selection of the right Mainland company set up plan, acquiring your visas and leasing your office space. We will guide you from start to end in the incorporation process.
Cost of setting up a mainland company
Foriegn trade name approval