WhatsApp quotePut simply, opening a business account with RAKBANK is a realistic goal for a well-prepared company, and preparation is exactly what GoldenKey provides. On the ground, rAKBANK suits small and medium businesses, new companies and traders in the northern emirates, and its product range includes RAKstarter account, business current account, trade finance and business loans. The most common businesses Belgians open through GoldenKey are in diamond trading, logistics, pharmaceuticals and chemicals, although RAKBANK supports almost any activity. Belgians are a compact community with strength in diamonds, logistics and pharmaceuticals, so the RAKBANK authority, the banks and the immigration officers see Belgian applications every day and process them without hesitation.
Why RAKBANK
To be clear, if RAKBANK is not the right fit for your profile, we say so and introduce you to a bank that is, because a well-matched application is approved faster. Having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK application noticeably smoother. Many Belgian founders run RAKBANK companies alongside an existing business in Belgium, using the UAE entity for international invoicing and regional sales.
How RAKBANK works with GoldenKey
Step 1Profile review
Importantly, we review your licence, activity, shareholder nationalities and expected turnover and confirm that RAKBANK is a sensible match.
Step 2Document pack
GoldenKey assembles the trade licence, memorandum, passport and visa copies, proof of address, business profile and supporting invoices or contracts. We keep a written record of this step so your file for a RAKBANK business account for Belgian owners is audit-ready.
Step 3Introduction and meeting
We arrange the meeting with a RAKBANK relationship manager and sit alongside you to answer compliance questions.
Step 4Compliance and activation
The bank's compliance team reviews the file, may ask follow-up questions that we help you answer, and activates the account on approval. Your portal shows the status of this step for a RAKBANK business account for Belgian owners in real time.
Documents required
For a RAKBANK business account for Belgian owners the authority asks for the following documents, and we tell you exactly how each must be formatted.
- Trade licence, certificate of incorporation and memorandum of association
- A business profile describing products, customers, suppliers and countries of operation
- Office tenancy contract or flexi-desk agreement
- A CV for each shareholder and the company's website or social links
- A bank statement from your Belgium bank for the last three months, which banks use to understand your profile
- A passport released by Belgium with at least six months' validity
Pricing
Crucially, the figures below for a RAKBANK business account for Belgian owners are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. Use the table below to compare packages for a RAKBANK business account for Belgian owners; we will confirm the exact total for your case in a written quotation.
| GoldenKey service fee | AED 1,500 |
|---|
Introduction, document preparation and coordination with bank relationship manager
Request this servicePrices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-07.
Why the UAE
The dirham has been pegged to the US dollar since 1997, which removes currency risk for a RAKBANK business account for Belgian owners and makes international pricing simple. The UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many founders choose it as a base for a RAKBANK business account for Belgian owners.
Why GoldenKey
GoldenKey's consultants have handled a RAKBANK business account for Belgian owners for traders, consultants, tech company owners and family offices, which gives us a realistic view of what each authority approves quickly. On the ground, you deal with one named consultant from the first call until your RAKBANK licence, visa and bank introduction are complete, and that consultant answers your WhatsApp messages personally. Our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for a RAKBANK business account for Belgian owners happen the same day they are ready.
Message GoldenKey now and we will prepare a personalised quotation for a RAKBANK business account for Belgian owners, valid for 30 days and confirmed in writing.
Frequently asked questions
Does GoldenKey guarantee a RAKBANK account?
No consultant can. RAKBANK's compliance team makes the decision. What GoldenKey does is prepare a complete, consistent file and introduce you to the right banking officer, which is where most of the difference is made.
Is a minimum balance required at RAKBANK?
Most UAE banks apply a minimum average balance or a monthly fee below it. GoldenKey confirms the current RAKBANK terms for your package before you apply.
What if RAKBANK declines my application?
We ask for the reason, address it if possible and apply to a better-matched bank. A decline at one bank does not affect your application elsewhere.
Can a Belgian citizen own 100% of a company in RAKBANK?
Yes, it can. Belgians can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
Do Belgians need a UAE visa before applying for RAKBANK?
No. You can apply for the licence from Belgium with scanned paperwork, and the investor residency visa is processed afterwards.
