Medical Equipment Trading in RAK ICC
Starting From
AED 12,500
Setup Time
3 Business Days
Visa Quota
0 Visas
Location
Ras Al Khaimah
About Medical Equipment Trading
RAK International Corporate Centre in Ras Al Khaimah provides an excellent environment for launching a Medical Equipment Trading venture, combining world-class infrastructure with a business-friendly regulatory framework.
The licensing process at RAK ICC has been streamlined significantly, with most commercial licences processed within 3 business days. As an offshore entity, you benefit from maximum privacy and asset protection. The base licence fee is approximately AED 12,500, making it competitively priced for the services included.
At IBA International, we simplify the process of establishing your medical equipment trading business in RAK International Corporate Centre. From selecting the right licence type to securing your visa and opening a corporate bank account, our experienced team ensures every detail is handled professionally and efficiently.
Why RAK ICC for Medical Equipment Trading?
RAK International Corporate Centre is widely regarded as one of the UAE's premier destinations for commercial businesses, and for good reason.
The jurisdiction offers cost-effective offshore structure, which is particularly valuable for medical equipment trading operations. Additionally, full foreign ownership ensures that your business remains competitive in the regional market. The offshore structure provides maximum confidentiality and is ideal for holding assets, intellectual property, and international trade operations. Many international businesses choose the offshore route for its streamlined compliance requirements and ability to open multi-currency bank accounts with leading UAE banks. No tax obligation further enhances the appeal of RAK ICC for medical equipment trading professionals. Furthermore, confidentiality protection positions your medical equipment trading business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAK ICC remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.
Requirements & Documents
Regulatory Note: Medical Equipment Trading is a regulated activity in the UAE. Additional approval from Ministry of Health is required. IBA can guide you through the full regulatory process.
Cost Breakdown
| Item | Cost (AED) |
|---|---|
| License Fee | 12,500 |
| Estimated Total (Year 1) | From AED 12,500 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Initial Consultation
Begin with a free consultation with IBA's business setup advisors to discuss your medical equipment trading business objectives, optimal licence structure, and RAK ICC as your chosen jurisdiction. We assess your specific requirements and provide a transparent cost breakdown.
Choose Your Company Name
Select your company name and submit it for approval. The DED naming guidelines require the name to reflect the legal structure and activity. Reserved and restricted words require additional approvals. IBA handles the name reservation process.
Prepare & Submit Documents
Compile all required documentation including passport copies, photographs, and the completed application form. For medical equipment trading, additional documents including professional qualifications and Ministry of Health approvals are required. IBA prepares and submits all paperwork on your behalf.
Obtain Trade Licence
Following DED approval, your Ras Al Khaimah mainland trade licence is issued within 3 business days. The licence authorises you to conduct medical equipment trading activities and is valid for one year. The licence fee is approximately AED 12,500.
Open Corporate Bank Account
With your trade licence in hand, open a corporate bank account at a UAE bank. IBA provides introductions to relationship managers at leading banks including Emirates NBD, ADCB, RAKBank, and Mashreq. Account opening for offshore entities may require additional due diligence documentation.
Start Operations
With your licence issued, visa processed, and bank account active, your medical equipment trading business in RAK International Corporate Centre is ready to operate. IBA continues to support you with PRO services, VAT registration, accounting, and annual licence renewals.
Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Offshore entities are generally exempt from UAE corporate tax on income earned outside the UAE. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.
Medical Equipment Trading in Other Jurisdictions
Get Started Today
Ready to set up your medical equipment trading in RAK ICC? Our team is here to help.
SPEAK TO AN ADVISORWHATSAPP USQuick Facts
Official Source
www.rakicc.com ↗Popular in RAK ICC
By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
Ready to Start Your Medical Equipment Trading?
Get a personalised quote for setting up your medical equipment trading in RAK ICC. Our advisors are ready to guide you through every step.