WhatsApp quoteAs a rule, 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. 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, iT & Software in RAKBANK means software development, SaaS, app development, IT consulting and managed services, and it is licensed as a professional activity. In practice, technology licences are among the simplest to obtain and attract strong banking interest because revenue is contract-based and easy to evidence. Dubai zones add credibility with international clients.
Why RAKBANK
Crucially, having a UAE 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. From day one, for it & software, RAKBANK offers the office options such a business actually needs and a visa quota that can grow with the team.
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.
Step 2Document pack
GoldenKey builds the complete document pack for RAKBANK: corporate papers, signatory IDs, proof of address, profile and supporting invoices. Expect clear updates from your GoldenKey consultant while this step runs for a RAKBANK account for an IT and software company.
Step 3Introduction and meeting
We arrange the meeting with a RAKBANK relationship manager and sit alongside you to answer compliance questions.
Step 4Compliance and activation
The bank's compliance team reviews the file, may ask follow-up questions that we help you answer, and activates the account on approval. Expect clear updates from your GoldenKey consultant while this step runs for a RAKBANK account for an IT and software company.
Documents required
Importantly, the document list for a RAKBANK account for an IT and software company is short, and most clients already have everything on it.
- Sample invoices, contracts or purchase orders where available
- Passport, visa and Emirates ID copies of all shareholders and signatories
- Trade licence, certificate of incorporation and memorandum of association
- A business profile describing products, customers, suppliers and countries of operation
- A CV for each shareholder and the company's website or social links
- Proof of residential address for each signatory
Pricing
To be clear, use the table below to compare packages for a RAKBANK account for an IT and software company; we will confirm the exact total for your case in a written quotation. The figures below for a RAKBANK account for an IT and software company 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, which is why so many entrepreneurs choose it as a base for a RAKBANK account for an IT and software company. 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 IT and software company for international company owners.
Why GoldenKey
As a rule, our quotations for a RAKBANK account for an IT and software company list every government fee and our service fee on one page, in writing, before a single dirham changes hands anything. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with a RAKBANK account for an IT and software company, so the paperwork, approvals and timing hold no surprises for us. As we tell every client, our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for a RAKBANK account for an IT and software company happen the same day they are ready.
To be clear, if you would like a written quotation for a RAKBANK account for an IT and software company, use the form below or message us on WhatsApp and we will respond as soon as possible.
Frequently asked questions
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 request elsewhere.
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.
How long does RAKBANK take to open a business account?
Crucially, 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.
Is it & software allowed in RAKBANK?
RAKBANK assesses it & software businesses on their documentation and trading pattern. {brand} prepares a profile that explains the activity clearly.
What approvals does it & software need?
None beyond the licence; data-hosting activities may need TDRA notification. GoldenKey obtains these as part of the setup.
