The Department of Business Development at the Ras Al Khaimah Department of Economic Development (DED) revealed that the number of subsidized business licenses issued in 2019 totaled 309, 160 of which were licenses to work from home (i.e. ‘Tomorrow’s License’), 39 Virtual Retailer Licenses, 12 trade licenses subsidized by the Khalifa Fund For Enterprise Development, and 98 trade licenses from the Saud bin Saqr Foundation for Developing Youth Projects.
The total number of licenses issued grew by 27% to reach 309 in 2019, up from 264 in 2018, driven by incentives and facilities launched by the DED to promote commercial activities in the emirate. Meanwhile, the Corniche Festival 2019 hosted 67 various licenses.
On another note, the emirate has sought to support entrepreneurs by waiving up to 100% of the financial fees associated with these licenses.
The total number of licenses issued in 2019 was 160, compared with 152 in 2018. These include many household activities such as folk cuisine, perfumes, and more. The Virtual Retailer License also witnessed remarkable demand in 2019, reaching 39 licenses, driven by the incentives launched by the DED at the end of 2018 to regulate e-commerce in the business sector across Ras Al Khaimah