RAK Mainland Company
A mainland company is simply an onshore business that is registered with the government agency of the relevant emirate. Trade licenses are granted and commercial activity is permitted in this area by the Department of Economic Development (RAK DED).
Ras Al Khaimah’s mainland requires a local sponsor who will hold the majority of the company’s shares.
In Ras Al Khaimah, mainland businesses offer a number of advantages, including
- No limitations on currency.
- No auditing every year.
- makes office rental easier.
- dealing with the neighborhood market.
- No restrictions on the quantity of business operations, etc.