RAKBANK Business Account for Malaysians

Why RAKBANK

In practice, 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 application is approved faster. Having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK application noticeably smoother. For most clients, for Malaysians, the practical advantages of RAKBANK are the ease of travel between Malaysia and the UAE, English is used throughout Malaysian business, and a banking system that processes Malaysian ringgit (MYR) transfers daily.

How RAKBANK works with GoldenKey

1. 
   Step 1

   Profile review

   GoldenKey studies your licence, activity, ownership and expected turnover to judge whether RAKBANK is the right match before any form is filled. For a RAKBANK business account for Malaysian owners this step rarely needs your presence; scans and e-signatures are enough.

2. 
   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.

3. 
   Step 3

   Introduction and meeting

   GoldenKey introduces you to a business banking officer at RAKBANK and joins the request meeting, in person or online. If the authority raises a query on a RAKBANK business account for Malaysian owners at this stage, we handle it the same day.

4. 
   Step 4

   Compliance and activation

   For most clients, rAKBANK's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval.

Documents required

The document list for a RAKBANK business account for Malaysian owners is short, and most customers already have everything on it.

• Office tenancy contract or flexi-desk agreement
• A CV for each shareholder and the company's website or social links
• Educational certificates attested by the Malaysia authorities and the UAE embassy, for professional activities
• A passport released by Malaysia with at least six months' validity
• Personal or corporate bank statements for the last three to six months
• Sample invoices, contracts or purchase orders where available

Pricing

The figures below for a RAKBANK business account for Malaysian owners are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. Use the table below to compare packages for a RAKBANK business account for Malaysian owners; we will confirm the exact total for your case in a written quotation.

Why the UAE

Put simply, the dirham has been pegged to the US dollar since 1997, which removes currency risk for a RAKBANK business account for Malaysian owners and makes international pricing simple. Importantly, residence visas for owners and families come with the company, which makes a RAKBANK business account for Malaysian owners a route to relocation as well as a business decision.

Why GoldenKey

As a rule, 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. Put simply, most of our RAKBANK clients come to us through referrals from other company owners, which is why we take pride in keeping every promise we put in writing. GoldenKey is based in Ajman Free Zone and has helped business owners from more than 60 countries with a RAKBANK business account for Malaysian owners, so the paperwork, approvals and timing hold no surprises for us.

Frequently asked questions