Fintech in RAK DED
Starting From
AED 5,500
Setup Time
2 Business Days
Visa Quota
0 Visas
Location
Ras Al Khaimah
About Fintech
The UAE continues to attract Pakistani entrepreneurs seeking to tap into the Middle Eastern market, and RAK DED is one of the most popular jurisdictions for fintech operations. Second-largest expatriate community in the UAE (~1.5 million), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.
Operating from RAK Mainland gives your Fintech business access to Ras Al Khaimah's world-class infrastructure, including modern office facilities such as ejari office, co-working, private office and excellent connectivity. As a regulated activity, you will need approval from DFSA/VARA before commencing operations, but IBA's team handles this process seamlessly on your behalf.
IBA International has been helping entrepreneurs set up fintech businesses in RAK Mainland since 2004. Our team of incorporation specialists will guide you through every step, from initial consultation to licence issuance and bank account opening, ensuring a smooth and efficient setup experience.
Why RAK DED for Fintech?
Choosing RAK DED for your fintech business comes with a host of strategic advantages that directly impact your bottom line and growth potential.
The jurisdiction offers cost-effective setup, which is particularly valuable for fintech operations. Additionally, industrial land availability ensures that your business remains competitive in the regional market. Operating on the mainland allows you to trade directly with the local UAE market without restrictions, and you can bid on government contracts — a significant advantage over free zone entities. Office solutions start from AED 3,000 per year for a co-working, making it accessible for businesses of all sizes. Trade anywhere in the UAE further enhances the appeal of RAK DED for fintech professionals. Furthermore, tourism and hospitality growth positions your fintech business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAK DED remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.
For Pakistani nationals specifically, the Ras Al Khaimah government has fostered a business-friendly environment with streamlined processes that cater to the large Pakistani business community.
Visa Requirements for Pakistani Nationals
Banking for Pakistani Business Owners
Document Attestation for Pakistani Nationals
Requirements & Documents
Regulatory Note: Fintech is a regulated activity in the UAE. Additional approval from DFSA/VARA is required. IBA can guide you through the full regulatory process.
Cost Breakdown
| Item | Cost (AED) |
|---|---|
| License Fee | 5,500 |
| Visa Package (per visa) | 3,200 |
| Ejari Office | 5,000 |
| Co-Working | 3,000 |
| Private Office | 10,000 |
| Estimated Total (Year 1) | From AED 13,700 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Consultation
Free consultation with IBA to discuss your fintech business plan and the best RAK DED licence options for Pakistani nationals.
Document Preparation
Prepare and attest all required documents from Pakistan through Ministry of Foreign Affairs Pakistan and the UAE Embassy.
Licence Application
Submit the fintech licence application to RAK DED. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official RAK DED trade licence within 2–5 business days.
Visa Processing
Process your UAE residence visa, Emirates ID, and medical fitness. Pakistani nationals require a pre-arranged UAE visa.
Bank Account
Open a corporate bank account. Pakistani entrepreneurs can open corporate bank accounts with standard documentation.
Start Operations
Your fintech business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.
Total estimated time: 2 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes. Since the UAE's 2020 Commercial Companies Law amendment, Pakistani nationals can own 100% of most mainland business activities including fintech.
Fintech in Other Jurisdictions
Get Started Today
Ready to set up your fintech in RAK DED? Our team is here to help.
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Official Source
www.rak.ae ↗Popular in RAK DED
By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
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