RAKEZ is an organization that people will consider first when they want to open a business in the UAE. It is less restrictive, economical, and among the favorite with the startups and SMEs. Nevertheless, at the beginning, it might seem perplexing when it comes to paperwork. In the case of rakez company formation, the time, money and the back and forward can be saved by knowing the precise documents you are supposed to have in place. Using the help of the Consulting.ae, the process is far smoother and easier to handle.
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Why is RAKEZ requesting documents?
RAKEZ, the organization in Ras Al Khaimah, the UAE, observes structured regulations. Such papers assist the government to check what you are, what kind of business you want to operate, and is it compliant to the laws of the UAE. It does not concern the complication of things. It is concerned with maintaining your business on the first day.
Which are the personal documents needed in the UAE?
To begin with, you will be required to have a clear copy of your passport. This is applicable to all the shareholders and managers. Passport must have a minimum of six months.
Then there is a passport size picture with a white backdrop. This is an insignificant detail, however, delays can be observed quite frequently in the case of the photo that is not up to the standards in the UAE.
In case you already live in the UAE, you might also be required to have a copy of your residence visa and Emirates ID. If not, do not worry. RAKEZ offers the right to form a company even without being in Dubai or UAE.
What are some business related documents required?
You will be asked to provide a little description of your business activity. This is what your company will be doing and this is what will make RAKEZ give the right kind of license. It may not be extensive but it must be specific and clear.
You will also have to select an appropriate name of the company and use name options to approve. The name should be based on UAE naming rules, which means that it is not significant to use limited words.
In other instances, a straightforward business plan is a requirement. This is normally in respect to certain activities or when seeking visas. It does not need to be complex. An advisory overview will suffice.
Do documents vary between corporate shareholders?
Yes, they are. In case the company is a shareholder, it will require extra paperwork on the part of RAKEZ. These are the trade license, the certificate of incorporation as well as the memorandum and articles of association of the parent company. Such documents typically require an attestation, and this is based on the location of the parent company registration.
What About Visa-related documentation?
More documents will be provided in the future in case you intend to obtain a residence visa in the UAE with the help of your RAKEZ company. They consist of a medical fitness test, entry permit and biometric registration. These measures are not during the beginning but those that occur after company registration.
What is the turnaround time in document approval?
Initial approval is normally fast after all the documents are duly submitted. The most common delays occur because of the absence of details or the inability to understand copies. The first time matters a lot in getting everything in the right way.
Why choose Consulting.ae?
In case you need someone to check the documents twice, clarify what is needed, and manage communication with the authorities, Consulting.ae makes the whole process of RAKEZ setting much easier. With the experience in the UAE laws, they minimize mistakes and save you time.
