RAKEZ issues commercial, professional and industrial licences from its base in Ras Al Khaimah, and GoldenKey processes new registrations there every week. In practice, if you are weighing up where to register in the UAE, RAKEZ deserves a close look for its competitive pricing and straightforward renewal process. In our experience, for Hungarian founders, the UAE is around 5.5 hours from Budapest, the UAE is 2 to 3 hours ahead of Hungary, and English is the business language. The most common businesses Hungarians open through GoldenKey are in healthcare, IT services, engineering and food exports, although RAKEZ supports almost any activity.
Why RAKEZ
In our experience, over 14,000 companies from 100+ countries. As a rule, the authority permits Free Zone Establishment (FZE), Free Zone Company (FZCO) and Branch, which covers solo company owners, partnerships and overseas groups opening a UAE branch. GoldenKey has prepared RAKEZ files for Hungarian clients in healthcare, IT services, engineering and food exports, which means we know which Hungary supporting documents need attestation and which can be submitted as plain copies.
How RAKEZ works with GoldenKey
Step 1Consultation and activity selection
GoldenKey starts by confirming your activity is available in RAKEZ, then agrees the licence category, visa quota and office option with you in writing. Expect clear updates from your GoldenKey consultant while this step runs for RAKEZ company formation for Hungarians.
Step 2Name reservation and initial approval
In our experience, we submit your preferred trade names to RAKEZ and secure initial approval, normally within a day or two of submission.
Step 3Document submission and payment
You sign the request forms and memorandum, we submit the attested documents and the licence fee is paid to the authority. Nothing is submitted for RAKEZ company formation for Hungarians until you have reviewed and approved it.
Step 4Licence issued and next steps
Once the RAKEZ licence and company papers are released, we move immediately to the immigration file, residence visas and the bank meeting.
Documents required
Here is what you will need for RAKEZ company formation for Hungarians; GoldenKey checks every item before submission.
- A police clearance certificate from Hungary if the activity or the Golden Visa category requires it
- A passport-size photograph on a white background
- A passport issued by Hungary with at least six months' validity
- Attested parent-company supporting documents and a board resolution if the shareholder is a company
- The UAE entry stamp or visa page if you are already in the country
- Proof of address such as a utility bill or bank statement, requested by some zones
Pricing
All prices for RAKEZ company formation for Hungarians are indicative, shown in AED and confirmed in writing before a single dirham changes hands. On the ground, use the table below to compare packages for RAKEZ company formation for Hungarians; we will confirm the exact total for your case in a written quotation.
Pricing available on request — message us for a written quotation.
Why the UAE
To be clear, the UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many founders choose it as a base for RAKEZ company formation for Hungarians. The dirham has been pegged to the US dollar since 1997, which removes currency risk for RAKEZ company formation for Hungarians and makes international pricing simple.
Why GoldenKey
Our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for RAKEZ company formation for Hungarians happen the same day they are ready. GoldenKey is based in Ajman Free Zone and has helped business owners from more than 60 countries with RAKEZ company formation for Hungarians, so the paperwork, approvals and timing hold no surprises for us. If a document is missing or an approval is delayed on your RAKEZ file, we tell you immediately and explain the fix, rather than letting the submission sit.
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 RAKEZ company formation for Hungarians.
Frequently asked questions
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.
Do 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 residence visa is processed.
How long does the RAKEZ licence take?
Once your supporting documents are complete, the authority typically issues the licence within 5 working days (Monday to Friday). Visas and bank account opening follow afterwards.
How long does the process take for Hungarian applicants?
Crucially, processing for Hungarians follows the same timeline as other nationalities. Documents from Hungary that need attestation are the main variable, and GoldenKey guides you through that step.
Can a Hungarian citizen own 100% of a company in RAKEZ?
Yes, it can. Hungarians can own the full share capital of a RAKEZ company with no local partner, exactly like any other nationality.


