Fintech in RAKEZ
Starting From
AED 7,500
Setup Time
3 Business Days
Visa Quota
3 Visas
Location
Ras Al Khaimah
About Fintech
The UAE continues to attract Indian entrepreneurs seeking to tap into the Middle Eastern market, and RAKEZ is one of the most popular jurisdictions for fintech operations. Largest expatriate community in the UAE (~3.5 million), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.
Operating from Ras Al Khaimah Economic Zone gives your Fintech business access to Ras Al Khaimah's world-class infrastructure, including modern office facilities such as flexi desk, shared office, 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 Ras Al Khaimah Economic Zone 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 RAKEZ for Fintech?
Choosing RAKEZ 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 licensing, which is particularly valuable for fintech operations. Additionally, industrial and commercial zones ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 3,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. 100% foreign ownership further enhances the appeal of RAKEZ for fintech professionals. Furthermore, gateway to northern emirates positions your fintech business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAKEZ remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.
For Indian nationals specifically, the Ras Al Khaimah government has fostered a business-friendly environment with streamlined processes that cater to the large Indian business community.
Visa Requirements for Indian Nationals
Banking for Indian Business Owners
Document Attestation for Indian 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 | 7,500 |
| Visa Package (per visa) | 3,700 |
| Flexi Desk | 3,000 |
| Shared Office | 7,000 |
| Private Office | 15,000 |
| Estimated Total (Year 1) | From AED 14,200 |
* 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 RAKEZ licence options for Indian nationals.
Document Preparation
Prepare and attest all required documents from India through MEA (Ministry of External Affairs) and the UAE Embassy.
Licence Application
Submit the fintech licence application to RAKEZ. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official RAKEZ trade licence within 3–6 business days.
Visa Processing
Process your UAE residence visa, Emirates ID, and medical fitness. Indian passport holders can obtain a UAE visa on arrival for 14 days.
Bank Account
Open a corporate bank account. Indian nationals typically find it straightforward to open corporate accounts with UAE banks.
Start Operations
Your fintech business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.
Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes. RAKEZ allows 100% foreign ownership for all nationalities, including Indian nationals. No local sponsor or partner is required.
Fintech in Other Jurisdictions
Get Started Today
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Official Source
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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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