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RAKBANK Business Account for Croatians

The National Bank of Ras Al Khaimah, known as the UAE's SME bank with a straightforward approach to small-business onboarding

A UAE business account is the step that turns your licence into a working company, and RAKBANK is a sound candidate for many of the companies we form. 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. Payments between Croatia and the UAE are routine: the dirham is pegged to the dollar, euro (EUR) transfers settle without delay and UAE banks are familiar with Croatian business profiles. The most common businesses Croatians open through GoldenKey are in hospitality, yachting, IT services and sports management, although RAKBANK supports almost any activity.

Why RAKBANK

Crucially, 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 submission is approved faster. From day one, 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. Croatian applicants benefit from the fact that RAKBANK already has many Croatian shareholders on its register, so its officers recognise Croatia papers and name formats instantly.

How RAKBANK works with GoldenKey

  1. Step 1: Profile review
    Step 1

    Profile review

    In practice, we assess your business profile against RAKBANK's appetite — activity, nationalities, turnover — and confirm the fit first.

  2. Step 2: Document pack
    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. For a RAKBANK business account for Croatian owners, GoldenKey completes this stage with you on WhatsApp or by email.

  3. Step 3: Introduction and meeting
    Step 3

    Introduction and meeting

    From day one, we arrange the meeting with a RAKBANK relationship manager and sit alongside you to answer compliance questions.

  4. Step 4: Compliance and activation
    Step 4

    Compliance and activation

    After compliance review by RAKBANK, any queries are answered with our help and the account is opened. This is also the point at which we answer any question specific to a RAKBANK business account for Croatian owners.

Documents required

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

  • Sample invoices, contracts or purchase orders where available
  • A business profile describing products, customers, suppliers and countries of operation
  • Trade licence, certificate of incorporation and memorandum of association
  • Personal or corporate bank statements for the last three to six months
  • Educational certificates attested by the Croatia authorities and the UAE embassy, for professional activities
  • Passport, visa and Emirates ID copies of all shareholders and signatories

Pricing

The figures below for a RAKBANK business account for Croatian owners are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. Pricing for a RAKBANK business account for Croatian owners depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.

Bank Account Opening Assistance
GoldenKey service feeAED 1,500

Introduction, document preparation and coordination with bank relationship manager

Request this service

Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-27.

Why the UAE

For most clients, there are no restrictions on repatriating profits or capital, so earnings from a RAKBANK business account for Croatian owners can be moved to your home country or reinvested freely. The UAE sits within an eight-hour flight of two-thirds of the world's population, so so many founders choose it as a base for a RAKBANK business account for Croatian owners.

Why GoldenKey

Most of our RAKBANK clients come to us through referrals from other founders, so we take pride in keeping every promise we put in writing. In practice, 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 Croatian owners happen the same day they are ready.

Prefer to visit? Our Ajman office welcomes walk-ins during working hours, and we can also meet you in Dubai or Sharjah by appointment to discuss a RAKBANK business account for Croatian owners.

Frequently asked questions

Can a free zone company open an account with RAKBANK?

Yes. RAKBANK accepts companies from the main free zones, subject to its review. A clear activity and a UAE-resident signatory help.

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 I open a RAKBANK account without a UAE residence visa?

Some banks consider non-resident company accounts, but most prefer a resident signatory. GoldenKey usually processes your investor visa before the bank application for that reason.

Do Croatians need a UAE visa before applying for RAKBANK?

Not in that case. You can apply for the licence from Croatia with scanned papers, and the investor residence visa is processed afterwards.

Can a Croatian citizen own 100% of a company in RAKBANK?

It can. Croatians can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.

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