RAKEZ Company Formation for Icelanders

Why RAKEZ

For most clients, one of the reasons we recommend RAKEZ is its competitive pricing, which matters more than most founders realise once the business is running. Popular activities in RAKEZ include trading, industrial, consultancy, services and manufacturing, and most of them can be combined on a single licence. As a rule, icelandic applicants benefit from the fact that RAKEZ already has many Icelandic shareholders on its register, so its officers recognise Iceland documents and name formats instantly.

How RAKEZ works with GoldenKey

1. 
   Step 1

   Consultation and activity selection

   On the ground, 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. Your portal shows the status of this step for RAKEZ company formation for Icelanders in real time.

2. 
   Step 2

   Name reservation and initial approval

   We submit your preferred trade names to RAKEZ and secure initial approval, normally within a day or two of submission.

3. 
   Step 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. Expect clear updates from your GoldenKey consultant while this step runs for RAKEZ company formation for Icelanders.

4. 
   Step 4

   Licence issued and next steps

   Your RAKEZ licence, certificate of incorporation and lease are granted, and we move straight on to the establishment card, visas and bank introduction.

Documents required

Gather these documents and GoldenKey will take care of the rest of RAKEZ company formation for Icelanders.

• Educational certificates attested by the Iceland authorities and the UAE embassy, for professional activities
• A no-objection certificate from your employer if you hold a UAE employment visa
• Your current residency visa and Emirates ID copy if you are a UAE resident
• Proof of address such as a utility bill or bank statement, requested by some zones
• A passport issued by Iceland with at least six months' validity
• A short business plan or activity description for certain professional activities

Pricing

Just as important, use the table below to compare packages for RAKEZ company formation for Icelanders; we will confirm the exact total for your case in a written quotation. Day to day, all prices for RAKEZ company formation for Icelanders are indicative, shown in AED and confirmed in writing before you pay.

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

Why the UAE

English is the working language of business, contracts are routinely drafted in English, and government portals are bilingual, which simplifies RAKEZ company formation for Icelanders for international founders. Since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so RAKEZ company formation for Icelanders no longer requires a local partner.

Why GoldenKey

As a rule, after your RAKEZ licence is released, the same team handles renewals, visa additions, amendments and tax registrations, so you never have to explain your business twice. GoldenKey builds its own CRM and client portal, so you can see the status of your RAKEZ file, download your documents and pay invoices from your phone. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with RAKEZ company formation for Icelanders, so the paperwork, approvals and timing hold no surprises for us.

Frequently asked questions