Step-by-Step: RAKEZ Company Setup for Latvian Founders

Key takeaways

• Latvians can own 100% of a RAKEZ company with no local partner.
• Documents from Latvia may need attestation for professional activities and visas.
• The licence can be issued remotely; you travel for the medical test and Emirates ID.
• GoldenKey handles the file from name reservation to bank introduction.

Background

In our experience, one of the reasons we recommend Step-by-Step: RAKEZ Company Setup for Latvian Founders is its competitive pricing, which matters more than most business owners realise once the business is running. Unlike some zones, Step-by-Step: RAKEZ Company Setup for Latvian Founders does not require a large paid-up capital to be blocked in a bank account before the licence is issued. Step-by-Step: RAKEZ Company Setup for Latvian Founders is located in Ras Al Khaimah emirate — 45 minutes from Dubai via Sheikh Mohammed bin Zayed Road, and the licensing authority's processing time for a standard file is around 5 working days.

What to do, in order

1. 
   Step 1

   Consultation and activity selection

   GoldenKey starts by confirming your activity is available in Step-by-Step: RAKEZ Company Setup for Latvian Founders, then agrees the licence category, visa quota and office option with you in writing.

2. 
   Step 2

   Name reservation and initial approval

   We submit your preferred trade names to Step-by-Step: RAKEZ Company Setup for Latvian Founders and secure initial approval, normally within a day or two of submission. If the authority raises a query on the RAKEZ setup process for Latvians at this stage, we handle it the same day.

3. 
   Step 3

   Document submission and payment

   As we tell every client, you sign the application forms and memorandum, we submit the attested documents and the licence fee is paid to the authority.

4. 
   Step 4

   Licence issued and next steps

   Just as important, once the Step-by-Step: RAKEZ Company Setup for Latvian Founders licence and company documents are released, we move immediately to the immigration file, residence visas and the bank meeting. We keep a written record of this step so your file for the RAKEZ setup process for Latvians is audit-ready.

Documents you will need

Keep these ready before you start:

• A passport-size photograph on a white background
• A clear passport copy for each shareholder and manager, valid for at least six months
• The UAE entry stamp or visa page if you are already in the country
• A short business plan or activity description for certain professional activities
• Attested parent-company supporting documents and a board resolution if the shareholder is a company

Costs

Prices for the RAKEZ setup process for Latvians are drawn from GoldenKey's live price list and confirmed in writing before you pay. Government fees change from time to time; the figures on this page update automatically when they do.

Pricing available on request — message us for a written quotation.

Why the UAE

To be clear, the dirham has been pegged to the US dollar since 1997, which removes currency risk for the RAKEZ setup process for Latvians and makes international pricing simple. Residence visas for owners and families come with the company, which makes the RAKEZ setup process for Latvians a route to relocation as well as a business decision.

How GoldenKey helps

GoldenKey builds its own CRM and client portal, so you can see the status of your Step-by-Step: RAKEZ Company Setup for Latvian Founders application, download your papers and pay invoices from your phone. After your Step-by-Step: RAKEZ Company Setup for Latvian Founders licence is issued, the same team handles renewals, visa additions, amendments and tax registrations, so you never have to explain your business twice.

Frequently asked questions