WhatsApp quoteOpening a business account with RAKBANK is a realistic goal for a well-prepared company, and preparation is exactly what GoldenKey provides. RAKBANK is the National Bank of Ras Al Khaimah, known as the UAE's SME bank with a straightforward approach to small-business onboarding, and it is one of the banks GoldenKey regularly introduces new companies to. Day to day, import & Export in RAKBANK means importing goods into the UAE and exporting or re-exporting them to regional and global markets, and it is licensed as a commercial activity. Typical examples of this activity include food re-export, auto parts, textiles and machinery, which can generally sit together on one RAKBANK licence.
Why RAKBANK
Having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK file noticeably smoother. GoldenKey prepares a one-page business profile, a projected cash-flow summary and a document pack in the format RAKBANK relationship managers expect. GoldenKey has licensed import & export 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
Step 1Profile review
Put simply, we assess your business profile against RAKBANK's appetite — activity, nationalities, turnover — and confirm the fit first. This is also the point at which we answer any question specific to a RAKBANK account for an import-export business.
Step 2Document pack
GoldenKey assembles the trade licence, memorandum, passport and visa copies, proof of address, business profile and supporting invoices or contracts.
Step 3Introduction and meeting
As we tell every client, we introduce you to a RAKBANK business banking officer and sit with you for the application meeting, in person or by video. Expect clear updates from your GoldenKey consultant while this step runs for a RAKBANK account for an import-export business.
Step 4Compliance and activation
RAKBANK's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval.
Documents required
From day one, for a RAKBANK account for an import-export business the issuing authority asks for the following documents, and we tell you exactly how each must be formatted.
- Personal or corporate bank statements for the last three to six months
- Sample invoices, contracts or purchase orders where available
- A CV for each shareholder and the company's website or social links
- Proof of residential address for each signatory
- Trade licence, certificate of incorporation and memorandum of association
- A business profile describing products, customers, suppliers and countries of operation
Pricing
Pricing for a RAKBANK account for an import-export business depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. Use the table below to compare packages for a RAKBANK account for an import-export business; 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
English is the working language of business, contracts are routinely drafted in English, and government portals are bilingual, which simplifies a RAKBANK account for an import-export business for international company owners. Day to day, since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so a RAKBANK account for an import-export business no longer requires a local partner.
Why GoldenKey
As a rule, 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 application sit. Just as important, because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which paperwork each of them will ask for on a RAKBANK file. GoldenKey's consultants have handled a RAKBANK account for an import-export business for traders, consultants, tech business owners and family offices, which gives us a realistic view of what each authority approves fast.
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 account for an import-export business.
Frequently asked questions
Does GoldenKey guarantee a RAKBANK account?
No adviser can. RAKBANK's compliance team makes the decision. What GoldenKey does is prepare a complete, consistent application and introduce you to the right banking officer, which is where most of the difference is made.
Is a minimum balance required at RAKBANK?
Put simply, 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?
For most clients, 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.
Which licence type covers import & export?
In short, import & Export is classified as a commercial activity, and GoldenKey selects the exact activity code so your licence matches what you actually do.
Is import & export allowed in RAKBANK?
RAKBANK assesses import & export businesses on their documentation and trading pattern. {brand} prepares a profile that explains the activity clearly.
