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.