Fintech & Payments on Ras Al Khaimah Mainland

Why Ras Al Khaimah

From day one, ras Al Khaimah mainland licences are granted by the Ras Al Khaimah Department of Economic Development (RAK DED), which currently processes most standard files in around 4 working days (Monday to Friday). Government and semi-government tenders in Ras Al Khaimah require a mainland licence and Chamber of Commerce membership, both of which GoldenKey arranges. In short, ras Al Khaimah 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.

How Ras Al Khaimah works with GoldenKey

1. 
   Step 1

   Activity and legal form

   We select the correct activity codes from the Ras Al Khaimah Department of Economic Development (RAK DED) list and the legal form, usually a LLC or a sole establishment. If the authority raises a query on fintech & payments on Ras Al Khaimah mainland at this stage, we handle it the same day.

2. 
   Step 2

   Trade name and initial approval

   GoldenKey reserves your trade name and obtains initial approval from the Ras Al Khaimah Department of Economic Development (RAK DED), including any external approvals your activity needs.

3. 
   Step 3

   Office, MOA and submission

   As we tell every client, the memorandum of association is signed (online or before the notary), your tenancy is registered and the complete file is submitted to the Ras Al Khaimah Department of Economic Development (RAK DED). If the authority raises a query on fintech & payments on Ras Al Khaimah mainland at this stage, we handle it the same day.

4. 
   Step 4

   Licence, Chamber and immigration

   With the licence in hand we register with the Chamber of Commerce and open the immigration and MOHRE files for your visas.

Documents required

Just as important, the document list for fintech & payments on Ras Al Khaimah mainland is short, and most clients already have everything on it.

• Passport photographs on a white background
• Attested parent-company paperwork for corporate shareholders
• Passport copies of all shareholders and the manager
• External approvals where the activity requires them, for example from the health authority, RERA or the municipality
• The notarised memorandum of association, which GoldenKey drafts for you
• A tenancy contract for an office or shop registered with the emirate's system (Ejari in Dubai)

Pricing

Use the table below to compare packages for fintech & payments on Ras Al Khaimah mainland; we will confirm the exact total for your case in a written quotation. Day to day, the figures below for fintech & payments on Ras Al Khaimah mainland are updated by GoldenKey whenever the licensing authority changes its fees, so the price you see is the current one.

Why the UAE

The UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many company owners choose it as a base for fintech & payments on Ras Al Khaimah mainland. From day one, the dirham has been pegged to the US dollar since 1997, which removes currency risk for fintech & payments on Ras Al Khaimah mainland and makes international pricing simple.

Why GoldenKey

In practice, we speak the languages our customers speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for fintech & payments on Ras Al Khaimah mainland. Importantly, because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which papers each of them will ask for on a Ras Al Khaimah file. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with fintech & payments on Ras Al Khaimah mainland, so the paperwork, approvals and timing hold no surprises for us.

Frequently asked questions