How to meet the legal requirements for RAKEZ business setup?
 The legal requirements for setting up a business in RAKEZ are as follows:
- Choose a legal entity. The first step is to choose the legal entity for your business. RAKEZ offers a variety of legal entities to choose from, including free zone limited liability companies (FZ-LLCs), free zone branches of foreign companies, and non-free zone companies. The type of legal entity you choose will depend on your specific business needs and requirements.
- Obtain a trade name. Once you have chosen a legal entity, you need to obtain a trade name. RAKEZ has a set of guidelines for trade names, which you must follow. Your trade name must be unique and cannot be the same as any other trade name already registered with RAKEZ.
- Apply for a business license. Once you have a trade name, you can apply for a business license. The application process for a business license in RAKEZ is relatively straightforward. You will need to provide a number of documents, including your passport, visa, and a copy of your trade name registration certificate.
- Rent an office space. Once you have a business license, you need to rent an office space. RAKEZ has a number of office spaces available, both in its main complex and in its satellite offices. You can choose the office space that best suits your needs and budget.
- Obtain visas for your employees. If you plan to have employees, you will need to obtain visas for them. RAKEZ can help you with the visa application process.
- Open a bank account. Once you have obtained visas for your employees, you need to open a bank account for your business. RAKEZ can recommend a number of banks that offer business banking accounts.
- Pay the applicable fees. There are a number of fees associated with setting up a business in RAKEZ. These fees include the application fee, the license fee, and the annual renewal fee. You can find a list of the fees on the RAKEZ website.
In addition to the legal requirements listed above, there are a number of other things you need to do to set up a business in RAKEZ. These include:
- Registering your business with the Ministry of Economy
- Obtaining a tax registration number
- Obtaining an industrial license (if your business requires one)
- Complying with the UAE’s labor laws
The legal requirements for setting up a business in RAKEZ can be complex and time-consuming. It is advisable to seek professional help from a business setup consultant or lawyer. Need help to setup in RAKEZ? Contact BizDaddy to get a seamless experience.