There is nothing complex in starting a Rak Company Formations in Ras al Khaimah. All you need is to follow some simple steps and you are good to go with your business activities in RAK.
Business activity determination
Business activity determination should be given apime impact to the companies because of that’s what determines the other important factors of company formation. Also, different companies perform different activities. That is why it should be confirmed beforehand to avoid any problem in the future.
Legal category determination
It is up to the business which legal category it would like to cover. The establishment can either be LLC or any other. For this step, all the directors, owners and investors of the company are supposed to visit the office of the General Directorate of Residency & Foreigners Affairs in the Department of Economic Development so that they may obtain the approval for their establishment.
Trade name registration
The trade name should be chosen with great care. Several aspects should be kept in mind while choosing the name of the company. The company owners must be very careful while choosing names in different countries because a certain phrase or a word may be hurtful for the people of specific countries. It can also render the authorities to reject the business set up the application. That is why it is better to choose a name safely rather than facing rejection of the application
Obtaining required Approval
Without getting approval from the concerned authorities, you would not be able to start your business or perform your business activities. The approvals your business will require will be depending solely upon your business activities. Although some businesses may require approvals from different authorities hut mainly the approval from the Department of Economic Development is needed.
Business license issuance
After seeking the approvals from the required authorities, you would be supposed to apply for the license. If you properly complete the processes, your license will be issued in very little time. So, make sure that you complete all the legal procedures whole staying within the legal boundaries so that you may not have to face rejection at any step.
The legal consultants can also be of great help for business in Ras al Khaimah. This is because they may be a better option to seek guidance. They will save the time of the company which would waste on completing the procedures and altering them otherwise.
You can also take the facilitation services for your business set up in Ras Al Khaimah. They will provide you with all the support you require to maintain your business. They will also help you with obtaining the license from the related authorities as well. So, do not delay the processing of your company formation. It won’t be difficult at all. All it needs is the determination that will make you as successful as ever.