Business | General
RAK re-launches licence to run business from home
The Department of Economic Development here on Monday re-launched the 'tomorrow licence', which allows successful applicants to run a business from home.
- By Nasouh Nazzal, Staff Reporter
- Published: 23:36 December 22, 2008
Ras Al Khaimah: The Department of Economic Development here on Monday re-launched the 'tomorrow licence', which allows successful applicants to run a business from home.
The department had suspended this particular type of licence for two months.
The re-launch of the licence follows the department's creation of an organisational procedure to regulate the issuance of this type of the licences.
A committee of five heads from various sections of the department will review and approve the issuance of the licences.
The department chose this particular time to re-launch the licence because it followed the establishment of the Shaikh Saud Programme for the Support of Projects of Young People.
Ali Ahmad Al Beloushi, who heads the Commercial Registry Section at the department, said that the issuance of the 'tomorrow licence' will be limited to certain activities only and that this particular licence will be issued only with the unanimous approval of the committee members or at least approval of the majority of the members (two-thirds of the committee).
He added that for certain activities, applicants will have to submit feasibility studies, adding that the applicants should also present their justifications for doing business from home.
Al Beloushi added that the department has the sole right to suspend the licence or even cancel it, should the applicant violate rules and regulations.
Initially, the department had issued 'tomorrow licences' for two whole years, during which 58 licences were issued.
Later, the issuance of this particular type of commercial license was suspended for two months in order to review the organisational laws governing it.
Al Beloushi said that the re-launch of the licence comes in time to encourage young people to start their own business from homes.
Will this decision encourage more entrepreneurs to enter the business sector? How do you see this impacting the current economic slow down?
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