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

Key takeaways

• UAE nationals and residents can own 100% of a RAKEZ company with no local partner.
• Documents from United Arab Emirates 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

Step-by-Step: RAKEZ Company Setup for Emirati Founders licences are renewed annually with a simple online payment and updated passport copies, and GoldenKey sends a reminder 60 days before the due date. Popular activities in Step-by-Step: RAKEZ Company Setup for Emirati Founders include trading, industrial, consultancy, services and manufacturing, and most of them can be combined on a single licence. Step-by-Step: RAKEZ Company Setup for Emirati Founders is located in Ras Al Khaimah emirate — 45 minutes from Dubai via Sheikh Mohammed bin Zayed Road, and the registrar's processing time for a standard file is around 5 working days.

What to do, in order

1. 
   Step 1

   Consultation and activity selection

   Put simply, in the first call we check that Step-by-Step: RAKEZ Company Setup for Emirati Founders lists your activity, settle the licence type and match the visa package and office to what you actually need.

2. 
   Step 2

   Name reservation and initial approval

   As a rule, your trade name is reserved with the Step-by-Step: RAKEZ Company Setup for Emirati Founders authority and initial approval is obtained; this stage rarely takes more than two working days. Nothing is submitted for the RAKEZ setup process for UAE nationals and residents until you have reviewed and approved it.

3. 
   Step 3

   Document submission and payment

   You sign the application and memorandum, we file the attested paperwork with Step-by-Step: RAKEZ Company Setup for Emirati Founders and the registrar's licence fee is paid.

4. 
   Step 4

   Licence issued and next steps

   Once the Step-by-Step: RAKEZ Company Setup for Emirati Founders licence and company papers are released, we move immediately to the immigration file, residence visas and the bank meeting. For the RAKEZ setup process for UAE nationals and residents, GoldenKey completes this stage with you on WhatsApp or by email.

Documents you will need

Keep these ready before you start:

• A no-objection certificate from your employer if you hold a UAE employment visa
• Proof of address such as a utility bill or bank statement, requested by some zones
• Attested parent-company papers and a board resolution if the shareholder is a company
• Your current residence visa and Emirates ID copy if you are a UAE resident
• A clear passport copy for each shareholder and manager, valid for at least six months

Costs

Prices for the RAKEZ setup process for UAE nationals and residents 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

There are no restrictions on repatriating profits or capital, so earnings from the RAKEZ setup process for UAE nationals and residents can be moved to your home country or reinvested freely. Residence visas for owners and families come with the company, which makes the RAKEZ setup process for UAE nationals and residents a route to relocation as well as a business decision.

How GoldenKey helps

GoldenKey is a licensed business setup consultancy, not a reseller, which means your Step-by-Step: RAKEZ Company Setup for Emirati Founders application is prepared, checked and submitted by our own team. Because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which documents each of them will ask for on a Step-by-Step: RAKEZ Company Setup for Emirati Founders file.

Frequently asked questions