License - 0 Visa
Licence only · upgrade to visas anytime
AED 6,010
- Trade licence & registration
- Upgrade to visas anytime
- Company name reservation
- Flexi-desk / office options
- GoldenKey PRO support
FREE ZONE · RAS AL KHAIMAH
Fintech & Payments in RAKEZ
Payment technology, lending platforms, wealth-tech and financial software
5–7 daysSetup time100%OwnershipUp to 4 visasVisas
- 5–7 daysSetup time
- Free ZoneLicence type
- Flexi | PhysicalOffice / facility
- Up to 4 visasVisa eligibility
- StandardApprovals needed
- From AED 7,150Renewal cost
About RAKEZ
Why RAKEZ
If you are weighing up where to register in the UAE, RAKEZ deserves a close look for its competitive pricing and straightforward renewal process. RAKEZ is RAK's all-in-one economic zone — business, industrial and academic licences, and it has become one of the most practical choices for founders who want a UAE licence without a large upfront budget. Building financial software is a technology licence. Handling client money, lending, or issuing payment instruments requires Central Bank, DFSA or FSRA authorisation. Many business owners start with a tech licence and apply for regulatory sandbox entry. Fintech & Payments in RAKEZ means payment technology, lending platforms, wealth-tech and financial software, and it is licensed as a professional activity.
RAKEZ licences are renewed annually with a simple online payment and updated passport copies, and GoldenKey sends a reminder 60 days before the due date. One of the reasons we recommend RAKEZ is its competitive pricing, which matters more than most founders realise once the business is running. RAKEZ is a sensible home for fintech & payments because payment technology, lending platforms, wealth-tech and financial software is a well-understood activity there and the approvals are routine.
Packages & cost
Pricing — choose the right package for your business
In our experience, pricing for fintech & payments in RAKEZ depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. All prices for fintech & payments in RAKEZ are indicative, shown in AED and confirmed in writing before any payment.
License - 1 Visa
1 residence visa · 1-year licence
AED 12,010
- Trade licence & registration
- Establishment card included
- 1 visa eligibility
- Flexi-desk / office options
- GoldenKey PRO support
License - 1 Visa
1 residence visa · 1-year licence
AED 14,010
- Trade licence & registration
- Establishment card included
- 1 visa eligibility
- Flexi-desk / office options
- GoldenKey PRO support
License - 2 Visa
2 residence visas · 1-year licence
AED 18,010
- Trade licence & registration
- Establishment card included
- 2 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License - 3 Visa
3 residence visas · 1-year licence
AED 22,010
- Trade licence & registration
- Establishment card included
- 3 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License - 4 Visa
4 residence visas · 1-year licence
AED 26,010
- Trade licence & registration
- Establishment card included
- 4 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
Additional visaAED 2,750
Annual renewalAED 7,150
Bank account assistanceAED 1,650
Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-27.
Business activities
Explore 3,250 business activities in RAKEZ
RAKEZ lets you combine related activities on one licence. Search by what your business does — in English or Arabic — and quote the GK code when you ask for a quotation.
Industrial1154Commercial1017Professional450Services301Media130Freelance Permit100Educational61Individual / Professional24E-Commerce11Business Invest1General Trading1
GK-RAKEZ-001(Nursery)Medical Secondary EducationProfessionalGK-RAKEZ-002(UAS trading (wholesaleCommercialGK-RAKEZ-0033D Printing Manufacturing (Additive Manufacturing)IndustrialGK-RAKEZ-004Abrasive & Minerals TradingCommercialGK-RAKEZ-005Academic Liaison OfficeEducationalGK-RAKEZ-006Access Cradles ManufacturingIndustrialPopular choices · 3,250 activities availableAll 3,250 RAKEZ activities
Required documents
Documents required
Here is what you will need for fintech & payments in RAKEZ; GoldenKey checks every item before submission.
Scanned colour copies are enough to start. We check every item before anything is submitted.
For individuals
- A clear passport copy for each shareholder and manager, valid for at least six months
- A passport-size photograph on a white background
- A no-objection certificate from your employer if you hold a UAE employment visaif applicable
- The UAE entry stamp or visa page if you are already in the countryif applicable
- A short business plan or activity description for certain professional activitiesif applicable
- Proof of address such as a utility bill or bank statement, requested by some zonesif applicable
For companies
- Certificate of incorporation (attested)
- Memorandum & articles of association
- Board resolution approving the UAE company
- Passport copies of shareholders & directors
- Company profile / business plan
Our process
How RAKEZ works with GoldenKey
- 1
Consultation and activity selection
As we tell every client, we confirm that your activity is available in RAKEZ, choose the licence type and agree the visa package and office option that match your plan. We keep a written record of this step so your file for fintech & payments in RAKEZ is audit-ready.
- 2
Name reservation and initial approval
On the ground, your trade name is reserved with the RAKEZ authority and initial approval is obtained; this stage rarely takes more than two working days.
- 3
Document submission and payment
You sign the application and memorandum, we file the attested paperwork with RAKEZ and the authority's licence fee is paid. Your portal shows the status of this step for fintech & payments in RAKEZ in real time.
- 4
Licence issued and next steps
On the ground, once the RAKEZ licence and company documents are released, we move immediately to the immigration file, residence visas and the bank meeting.
Frequently asked questions
Frequently asked questions
Straight answers about RAKEZ. Anything else — ask GK AI or message us.
View all FAQsDo I need to visit the UAE to set up in RAKEZ?
Most RAKEZ licences can be issued remotely with scanned documents and a signed power of attorney. You will need to enter the UAE for the medical test and Emirates ID biometrics when your residency visa is processed.
Can I open a UAE bank account with a RAKEZ company?
Yes, RAKEZ companies open accounts with UAE banks every day. Approval depends on the bank's compliance review of your profile, business plan and documents, and GoldenKey prepares the file and introduces you to a suitable bank.
How long does the RAKEZ licence take?
Just as important, once your documents are complete, the authority typically issues the licence within 5 working days. Visas and bank account opening follow afterwards.
What approvals does fintech & payments need?
CBUAE, DFSA (DIFC) or FSRA (ADGM) for regulated activity. GoldenKey obtains these as part of the setup.
Can I combine fintech & payments with other activities?
For most clients, in most cases yes. Related activities can share one licence, while unrelated ones may need a general trading licence or a second licence.
Get a free quote
Ready to start your business in RAKEZ?
Prefer to visit? Our Ajman office welcomes walk-ins during working hours, and we can also meet you in Dubai or Sharjah by appointment to discuss fintech & payments in RAKEZ.
Good to know
More about RAKEZ
Why the UAE
English is the working language of business, contracts are routinely drafted in English, and government portals are bilingual, which simplifies fintech & payments in RAKEZ for international founders. Since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so fintech & payments in RAKEZ no longer requires a local partner.
Why GoldenKey
Our quotations for fintech & payments in RAKEZ list every government fee and our service fee on one page, in writing, before you pay anything. From day one, our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for fintech & payments in RAKEZ happen the same day they are ready. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with fintech & payments in RAKEZ, so the paperwork, approvals and timing hold no surprises for us.
