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25 April 2024

All expired RAK economic licences cancelled

By Wam

Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has issued a resolution cancelling all economic licences issued by the Ras Al Khaimah Department of Economic Development (DED) which have expired.

Article 1 of Resolution No. 5 of 2016 states that all licences that were inactive in the years up to 2004 will be cancelled.

Article 2 states that all licences, which expired between 2005-2012, will be revoked administratively if they are not involved in legal cases being handled by courts, and if they have no liabilities to the General Directorate of Residence and Foreigners Affairs and the Ministry of Labour.

It exempts all licenses that expired in the years up to 2015 from all late licensing penalties and arrears for the Municipality of Ras Al Khaimah only if they are renewed between February 1 and April 30.

The resolution is effective immediately and will be published in the official Gazette.