RAKEZ Company Formation for Latvians

Why RAKEZ

For most clients, unlike some zones, RAKEZ does not require a large paid-up capital to be blocked in a bank account before the licence is issued. As a rule, office options in RAKEZ range from flexi-desk, office suite, warehouse, industrial unit or land lease, so you only pay for the space your visa quota actually needs. In practice, many Latvian business owners run RAKEZ companies alongside an existing business in Latvia, using the UAE entity for international invoicing and regional sales.

How RAKEZ works with GoldenKey

1. 
   Step 1

   Consultation and activity selection

   In the first call we check that RAKEZ lists your activity, settle the licence type and match the visa package and office to what you actually need. For RAKEZ company formation for Latvians this step rarely needs your presence; scans and e-signatures are enough.

2. 
   Step 2

   Name reservation and initial approval

   Your trade name is reserved with the RAKEZ authority and initial approval is obtained; this stage rarely takes more than two working days.

3. 
   Step 3

   Document submission and payment

   As a rule, you sign the file forms and memorandum, we submit the attested documents and the licence fee is paid to the authority. For RAKEZ company formation for Latvians, GoldenKey completes this stage with you on WhatsApp or by email.

4. 
   Step 4

   Licence issued and next steps

   RAKEZ issues the licence, incorporation certificate and lease; from there we open the establishment card, process visas and arrange your bank introduction.

Documents required

As a rule, gather these documents and GoldenKey will take care of the rest of RAKEZ company formation for Latvians.

• Your current UAE residence visa and Emirates ID copy if you are a UAE resident
• Educational certificates attested by the Latvia authorities and the UAE embassy, for professional activities
• Attested parent-company papers and a board resolution if the shareholder is a company
• A no-objection certificate from your employer if you hold a UAE employment visa
• The UAE entry stamp or visa page if you are already in the country
• A clear passport copy for each shareholder and manager, valid for at least six months

Pricing

Day to day, the figures below for RAKEZ company formation for Latvians are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. Just as important, pricing for RAKEZ company formation for Latvians depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.

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

Why the UAE

Banking, logistics, telecoms and digital government services in the UAE are among the most advanced in the region, which keeps the running costs of RAKEZ company formation for Latvians predictable. 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 Latvians.

Why GoldenKey

To be clear, because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which supporting documents each of them will ask for on a RAKEZ file. GoldenKey builds its own CRM and client portal, so you can see the status of your RAKEZ application, download your supporting 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 Latvians, so the paperwork, approvals and timing hold no surprises for us.

Frequently asked questions