RAK is known as the adventure emirate in the UAE for its highest mountain peaks, zip lines and hiking tracks making it one of the desired places to start a business due to tourism and low costs. The business set up in Ras Al Khaimah is a brilliant choice due to its booming economy. RAK offers numerous cost-effective advantages and the emirate’s location makes it possible to reach markets across the Middle East, Asia, North Africa and Europe.
Company formation in RAK must first go through the approval of the RAK Department of Economic Development. Expat owners must assign a UAE local as a sponsor or partner. Like all the other emirates, this local sponsor holds 51% shares in the company. Foreign/expat owners can hold a 100% share of the company with a professional license.