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Ras Al Khaimah initiates fee reductions to support businesses

Ras Al Khaimah ruler orders slash to commercial licensing costs for all small and medium businesses.

Ras Al Khaimah ruler orders slash to commercial licensing costs for all small and medium businesses.

In a strategic move to bolster small and medium enterprises (SMEs), Ras Al Khaimah has announced a substantial reduction in commercial licensing fees. 

Sheikh Saud bin Saqr Al Qasimi, the Supreme Council Member and Ruler of Ras Al Khaimah, has issued a directive to cut commercial licensing fees by 25% for all SMEs operating in the southern regions.

Boosting Entrepreneurship

This initiative is aimed at providing a significant boost to entrepreneurs and SMEs, aiming to alleviate financial burdens and encourage business growth within Ras Al Khaimah. 

The fee reduction is positioned as a strategic measure to stimulate economic activity, foster entrepreneurial spirit, and support the development of SMEs in the region.

The leadership’s commitment to facilitating a conducive environment for SMEs underscores Ras Al Khaimah’s dedication to fostering economic diversification and promoting the growth of small businesses within the emirate.

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