Document Requirements For Getting A RAKEZ License

Document Requirements For Getting A RAKEZ License

 

The Ras Al Khaimah Economic Zone (RAKEZ) is one of the fastest-growing free zones in the UAE, offering a wide range of business solutions to entrepreneurs and investors. Getting a RAKEZ license is straightforward, and the authorities have simplified the process to encourage more businesses to invest in the region. This article will discuss the document requirements for getting a RAKEZ license. Check here the RAKEZ license cost.

Step 1: Choose the type of RAKEZ license

The first step is determining the type of RAKEZ license required for the business. RAKEZ offers various types of licenses, including:

Commercial license: This license is suitable for trading, manufacturing, or service businesses.

Industrial license: This license suits businesses involved in industrial activities such as manufacturing, assembling, and packaging.

Educational license: This license is suitable for educational institutions and training centers.

Service license: This license suits businesses involved in professional, artisan, and craftsmen services.

Step 2: Gather the necessary documents

The applicant needs to gather the necessary documents for the RAKEZ license application. The documents required for a RAKEZ license include the following:

  • Passport copy of the owner and shareholders
  • UAE visa copy of the owner and shareholders (if applicable)
  • No Objection Certificate (NOC) from the current employer (if applicable)
  • Business plan
  • Memorandum of Association (MOA) or Articles of Association (AOA)
  • Tenancy agreement or Ejari certificate
  • Bank reference letter or bank statement
  • Proof of trade name reservation
  • Power of Attorney (POA) if the application is submitted through a representative

 

Step 3: Submit the documents and pay the fees:

The applicant must submit the documents mentioned above and pay the fees for the RAKEZ license. The fees for a RAKEZ license vary depending on the license type and the company’s legal structure.

Step 4: Receive the RAKEZ license:

Upon submitting the documents and paying the fees, the authorities will review the application. Once approved, the applicant will receive the RAKEZ license.

Getting a RAKEZ license is a simple process. The authorities have simplified the process to encourage more entrepreneurs to invest in the region. Following the steps mentioned above is essential, and seeking professional guidance to avoid delays or errors. The necessary documents should be prepared and submitted accurately and promptly to ensure a smooth application process.