RAKBANK Account for Construction & Contracting Businesses

Why RAKBANK

In short, 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. 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. GoldenKey has licensed construction & contracting in RAKBANK for clients ranging from solo founders to groups opening a regional branch, so we know which sub-activities to list.

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

   We compile the licence, memorandum, passport and visa copies, address proof, business profile and sample contracts in the layout RAKBANK expects. This is also the point at which we answer any question specific to a RAKBANK account for a contracting company.

3. 
   Step 3

   Introduction and meeting

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

4. 
   Step 4

   Compliance and activation

   After compliance review by RAKBANK, any queries are answered with our help and the account is opened. Your portal shows the status of this step for a RAKBANK account for a contracting company in real time.

Documents required

Here is what you will need for a RAKBANK account for a contracting company; GoldenKey checks every item before submission.

• Trade licence, certificate of incorporation and memorandum of association
• Office tenancy contract or flexi-desk agreement
• Passport, visa and Emirates ID copies of all shareholders and signatories
• A business profile describing products, customers, suppliers and countries of operation
• A CV for each shareholder and the company's website or social links
• Personal or corporate bank statements for the last three to six months

Pricing

On the ground, use the table below to compare packages for a RAKBANK account for a contracting company; we will confirm the exact total for your case in a written quotation. In short, pricing for a RAKBANK account for a contracting company depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.

Why the UAE

Day to day, residence visas for owners and families come with the company, which makes a RAKBANK account for a contracting company a route to relocation as well as a business decision. Banking, logistics, telecoms and digital government services in the UAE are among the most advanced in the region, which keeps the running costs of a RAKBANK account for a contracting company predictable.

Why GoldenKey

GoldenKey's consultants have handled a RAKBANK account for a contracting company for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves quickly. Crucially, if a document is missing or an approval is delayed on your RAKBANK file, we tell you immediately and explain the fix, rather than letting the submission sit. Our quotations for a RAKBANK account for a contracting company list every government fee and our service fee on one page, in writing, before you pay anything.

Frequently asked questions