How to start a company in RAKEZ?

 

The steps on how to start a company in RAKEZ, elaborated:

  1. Choose the right business entity:  There are three main types of business entities available in RAKEZ:

The type of business entity that you choose will depend on the nature of your business and your business goals. If you are planning to export goods or services from the UAE, then a free zone company is the best option. If you are planning to conduct business in the UAE, then a licensed company or a branch office may be a better option.

  1. Choose a trade name:  Your trade name must be unique and must not be the same as any other trade name that is already registered in RAKEZ. You can check the availability of a trade name by searching the RAKEZ trade name database.
  2. Apply for a business license.: Once you have chosen a trade name, you need to apply for a business license from RAKEZ. The application process for a business license is relatively simple and can be completed online. You will need to provide RAKEZ with the following information:
    1. Your company name
    2. Your trade name
    3. The type of business entity you are registering
    4. The address of your business premises
    5. The names and nationalities of your shareholders and directors
    6. The amount of capital that you are investing in your business
  3. Choose an office space:  Once you have obtained your business license, you need to choose an office space. RAKEZ offers a variety of office space options to suit all budgets and needs. You can choose from shared office space, serviced office space, or dedicated office space.
  4. Get pre-approvals:  Depending on the nature of your business, you may need to get certain pre-approvals from the relevant authorities before you can start trading. For example, if you are planning to import or export goods, you will need to get a trade license from the Department of Economic Development. If you are planning to employ foreign nationals, you will need to get a work permit from the Ministry of Human Resources and Emiratisation.
  5. Register your business and get your license:  Once you have obtained all the necessary pre-approvals, you need to register your business with RAKEZ and get your license. The registration process can be completed online and usually takes a few days.
  6. Apply for visas:  If you are planning to employ foreign nationals, you need to apply for visas for them. The visa application process can be completed online and usually takes a few days.
  7. Open a bank account.: Once you have your business license, you need to open a bank account for your business. You can open a bank account with any of the banks that operate in RAKEZ.
  8. Get your business started:  Once you have completed all of the above steps, you are ready to start your business in RAKEZ.

Conclusion

Setting up a company in RAKEZ is a relatively simple process. However, there are a few key steps that you need to follow in order to ensure that your business is set up correctly and that you are compliant with all applicable laws and regulations. By following the steps outlined above, you can avoid any unnecessary delays or complications and get your business up and running quickly and efficiently. If you are considering starting a company in RAKEZ, I highly recommend using BizDaddy They can help you make the process smooth and easy, so you can focus on growing your business.