WhatsApp quoteJust as important, rAKBANK is the National Bank of Ras Al Khaimah, known as the UAE's SME bank with a simple approach to small-business onboarding, and it is one of the banks GoldenKey regularly introduces new companies to. 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. Importantly, the most common businesses Danes open through GoldenKey are in logistics, pharmaceuticals, wind energy and design, although RAKBANK supports almost any activity. GoldenKey has Danish customers from Copenhagen, Aarhus and Odense, and our consultants understand the papers issued in Denmark and how to attest them for the UAE.
Why RAKBANK
On the ground, having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK application noticeably smoother. RAKBANK is a frequent first choice for Ajman, Sharjah and RAK free zone companies. GoldenKey has prepared RAKBANK files for Danish clients in logistics, pharmaceuticals, wind energy and design, which means we know which Denmark documents need attestation and which can be submitted as plain copies.
How RAKBANK works with GoldenKey
Step 1Profile review
As we tell every client, we review your licence, activity, shareholder nationalities and expected turnover and confirm that RAKBANK is a sensible match.
Step 2Document pack
GoldenKey builds the complete document pack for RAKBANK: corporate papers, signatory IDs, proof of address, profile and supporting invoices. For a RAKBANK business account for Danish owners this step rarely needs your presence; scans and e-signatures are enough.
Step 3Introduction and meeting
GoldenKey introduces you to a business banking officer at RAKBANK and joins the submission meeting, in person or online.
Step 4Compliance and activation
Crucially, after compliance review by RAKBANK, any queries are answered with our help and the account is opened. For a RAKBANK business account for Danish owners this step rarely needs your presence; scans and e-signatures are enough.
Documents required
The document list for a RAKBANK business account for Danish owners is short, and most clients already have everything on it.
- Trade licence, certificate of incorporation and memorandum of association
- Passport, visa and Emirates ID copies of all shareholders and signatories
- A CV for each shareholder and the company's website or social links
- A bank statement from your Denmark bank for the last three months, which banks use to understand your profile
- A passport issued by Denmark with at least six months' validity
- A business profile describing products, customers, suppliers and countries of operation
Pricing
Use the table below to compare packages for a RAKBANK business account for Danish owners; we will confirm the exact total for your case in a written quotation. Importantly, the figures below for a RAKBANK business account for Danish owners are updated by GoldenKey whenever the registrar changes its fees, so the price you see is the current one.
| 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 UAE sits within an eight-hour flight of two-thirds of the world's population, so so many business owners choose it as a base for a RAKBANK business account for Danish owners. In practice, residence visas for owners and families come with the company, which makes a RAKBANK business account for Danish owners a route to relocation as well as a business decision.
Why GoldenKey
GoldenKey's consultants have handled a RAKBANK business account for Danish owners for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves without delay. GoldenKey builds its own CRM and client portal, so you can see the status of your RAKBANK application, download your supporting documents and pay invoices from your phone. On the ground, 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 Danish 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 Danish owners.
Frequently asked questions
Can I open a RAKBANK account without a UAE residence visa?
Day to day, some banks consider non-resident company accounts, but most prefer a resident signatory. GoldenKey usually processes your investor visa before the bank request for that reason.
Can a free zone company open an account with RAKBANK?
It can. 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 a Danish citizen own 100% of a company in RAKBANK?
It can. Danes can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
How long does the process take for Danish applicants?
As we tell every client, processing for Danes follows the same timeline as other nationalities. Documents from Denmark that need attestation are the main variable, and GoldenKey guides you through that step.
