WhatsApp quoteJust as important, 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. GoldenKey does not promise bank approvals, because only the bank's compliance team can grant them; what we do is prepare your RAKBANK submission so thoroughly that there is little left to question. On the ground, the most common businesses Irish nationals open through GoldenKey are in aviation leasing, construction, education and hospitality, although RAKBANK supports almost any activity. Irish aircraft lessors and agri-food exporters are major players in the UAE market, which gives Irish entrepreneurs a ready market and supply chain the moment their RAKBANK licence is issued.
Why RAKBANK
In practice, rAKBANK is a frequent first choice for Ajman, Sharjah and RAK free zone companies. As a rule, rAKBANK is known for SME specialist, practical documentation requirements, good for northern emirates businesses and RAKstarter package for new companies, and for that reason we shortlist it for companies with that profile. Irish applicants benefit from the fact that RAKBANK already has many Irish shareholders on its register, so its officers recognise Ireland supporting documents and name formats instantly.
How RAKBANK works with GoldenKey
Step 1Profile review
GoldenKey studies your licence, activity, ownership and expected turnover to judge whether RAKBANK is the right match before any form is filled. Nothing is submitted for a RAKBANK business account for Irish owners until you have reviewed and approved it.
Step 2Document pack
Day to day, we compile the licence, memorandum, passport and visa copies, address proof, business profile and sample contracts in the layout RAKBANK expects.
Step 3Introduction and meeting
We arrange the meeting with a RAKBANK relationship manager and sit alongside you to answer compliance questions. For a RAKBANK business account for Irish owners, GoldenKey completes this stage with you on WhatsApp or by email.
Step 4Compliance and activation
Crucially, the bank's compliance team reviews the file, may ask follow-up questions that we help you answer, and activates the account on approval.
Documents required
From day one, gather these documents and GoldenKey will take care of the rest of a RAKBANK business account for Irish owners.
- Trade licence, certificate of incorporation and memorandum of association
- A police clearance certificate from Ireland if the activity or the Golden Visa category requires it
- A passport granted by Ireland with at least six months' validity
- A CV for each shareholder and the company's website or social links
- Proof of residential address for each signatory
- Passport, visa and Emirates ID copies of all shareholders and signatories
Pricing
Importantly, the figures below for a RAKBANK business account for Irish owners are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. All prices for a RAKBANK business account for Irish owners are indicative, shown in AED and confirmed in writing before you pay.
| 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 2026-10-06.
Why the UAE
The UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many entrepreneurs choose it as a base for a RAKBANK business account for Irish owners. To be clear, there are no restrictions on repatriating profits or capital, so earnings from a RAKBANK business account for Irish owners can be moved to your home country or reinvested freely.
Why GoldenKey
Our quotations for a RAKBANK business account for Irish owners list every government fee and our service fee on one page, in writing, before you pay anything. GoldenKey builds its own CRM and client portal, so you can see the status of your RAKBANK application, download your papers and pay invoices from your phone. As we tell every client, every RAKBANK package we quote already includes the licence, registration, the establishment card where applicable and our full assistance, with no hidden add-ons at the end.
Call or WhatsApp GoldenKey today and a consultant will walk you through a RAKBANK business account for Irish owners step by step, with no obligation and no pressure.
Frequently asked questions
Can I open a RAKBANK account without a UAE residence visa?
Importantly, some banks consider non-resident company accounts, but most prefer a resident signatory. GoldenKey generally processes your investor visa before the bank application for that reason.
Is a minimum balance required at RAKBANK?
Just as important, 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.
How long does RAKBANK take to open a business account?
Timelines vary with the bank's workload and the complexity of your profile. Simple service companies with a resident signatory are generally faster; trading companies with many countries of operation take longer.
Can a Irish citizen own 100% of a company in RAKBANK?
Absolutely. Irish nationals can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
Do Irish nationals need a UAE visa before applying for RAKBANK?
No, it does not. You can apply for the licence from Ireland with scanned supporting documents, and the investor residence visa is processed afterwards.
