RAKBANK Business Account for Bulgarians

Why RAKBANK

In our experience, rAKBANK is known for SME specialist, practical documentation requirements, good for northern emirates businesses and RAKstarter package for new companies, which is why we shortlist it for companies with that profile. 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 request is approved faster. Just as important, bulgarian applicants benefit from the fact that RAKBANK already has many Bulgarian shareholders on its register, so its officers recognise Bulgaria documents and name formats instantly.

How RAKBANK works with GoldenKey

1. 
   Step 1

   Profile review

   GoldenKey studies your licence, activity, ownership and expected turnover to judge whether RAKBANK is the right match before any form is filled.

2. 
   Step 2

   Document pack

   On the ground, we compile the licence, memorandum, passport and visa copies, address proof, business profile and sample contracts in the layout RAKBANK expects. Nothing is submitted for a RAKBANK business account for Bulgarian owners until you have reviewed and approved it.

3. 
   Step 3

   Introduction and meeting

   We introduce you to a RAKBANK business banking officer and sit with you for the request meeting, in person or by video.

4. 
   Step 4

   Compliance and activation

   RAKBANK's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval. This is also the point at which we answer any question specific to a RAKBANK business account for Bulgarian owners.

Documents required

The document list for a RAKBANK business account for Bulgarian owners is short, and most clients already have everything on it.

• A passport granted by Bulgaria with at least six months' validity
• Sample invoices, contracts or purchase orders where available
• Office tenancy contract or flexi-desk agreement
• Educational certificates attested by the Bulgaria authorities and the UAE embassy, for professional activities
• Trade licence, certificate of incorporation and memorandum of association
• Personal or corporate bank statements for the last three to six months

Pricing

All prices for a RAKBANK business account for Bulgarian owners are indicative, shown in AED and confirmed in writing ahead of payment. As a rule, the figures below for a RAKBANK business account for Bulgarian owners are updated by GoldenKey whenever the registrar changes its fees, so the price you see is the current one.

Why the UAE

The UAE sits within an eight-hour flight of two-thirds of the world's population, and for that reason so many founders choose it as a base for a RAKBANK business account for Bulgarian owners. The dirham has been pegged to the US dollar since 1997, which removes currency risk for a RAKBANK business account for Bulgarian owners and makes international pricing simple.

Why GoldenKey

GoldenKey's consultants have handled a RAKBANK business account for Bulgarian owners for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves quickly. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with a RAKBANK business account for Bulgarian owners, so the paperwork, approvals and timing hold no surprises for us. Most of our RAKBANK clients come to us through referrals from other entrepreneurs, and for that reason we take pride in keeping every promise we put in writing.

Frequently asked questions