RAK sees trade licences soar

05/03/2009 - Ras Al Khaimah Property News
RAK sees trade licences soar

Authorities in Ras Al Khaimah have seen the number of organisations register to do business in the country soar throughout 2008 and into 2009.

Ras Al Khaimah's Economic Development Department has reported that the total number of new registrations managed over the first two months of the year hit 3,804, building on a 2.6 per cent rise seen during 2008.

Over the course of last year, the total number of new trade licences totalled 9,162, while 8,842 firms registered for professional services licences.

Meanwhile, a total of 314 industrial licences were approved in 2008.

Hamad Rahmah Al Shamsi, the department's deputy director general, said that the strong results were testament to the work done by Ras Al Khaimah authorities to establish the northern emirate as a regional leader in trading environments and a commercial and industrial hub in the UAE.

In addition to its licensing operations, the Economic Development Department also holds responsibility for carrying out inspections and ensuring trade compliance.ADNFCR-2019-ID-19059966-ADNFCR