RAKEZ – the first economic zone to roll out business licences in less than 5 minutes

the first economic zone
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Ras Al Khaimah Economic Zone (RAKEZ) rolled out ‘instant business licence’, enabling entrepreneurs to get their business licences in less than five minutes, with a complete online process.

In this fast-paced era where the need for everything is ‘now’, instant licence is a breakthrough for investors. It was designed to speed up the fulfilment of their business needs. With company set-up processes not requiring paperwork or physical visits, one can simply visit the RAKEZ website to choose a package and business activities, make payment and receive their licence and start business operations in no time.

RAKEZ Group CEO Ramy Jallad said, “RAKEZ is the first economic zone in the UAE to offer the instant licence to free zone businesses. We are glad to present instant business licence to all investors out there, who are ready to set up their ventures and start operations in the UAE in less than 5 minutes. With just a few clicks, our dynamic platform allows investors to choose a business name, add shareholders’ details, and select business activities and package, to legally start conducting business right away with a valid licence. This really couldn’t get any simpler.”

At the moment, entrepreneurs can choose business packages starting from AED 5,499 with options for adding multiple activities and visas.

Jallad added, “We are always on the lookout for innovative solutions to support potential investors, entrepreneurs as well as existing business owners in the RAKEZ community. Therefore, we continuously enhance our products and services and devise new ones, providing investors simplified solutions for their business set-up and beyond.”

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