WhatsApp quoteRAKBANK is the National Bank of Ras Al Khaimah, known as the UAE's SME bank with an uncomplicated approach to small-business onboarding, and it is one of the banks GoldenKey regularly introduces new companies to. GoldenKey does not promise bank approvals, because only the bank's compliance team can grant them; what we do is prepare your RAKBANK application so thoroughly that there is little left to question. Norwegian maritime and energy suppliers have long served the UAE's offshore and shipping sectors, which gives Norwegian entrepreneurs a ready market and supply chain the moment their RAKBANK licence is issued. On the ground, the most common businesses Norwegians open through GoldenKey are in oil and gas services, maritime, seafood exports and renewable energy, although RAKBANK supports almost any activity.
Why RAKBANK
Day to day, 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. In short, having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK submission noticeably smoother. GoldenKey has prepared RAKBANK files for Norwegian clients in oil and gas services, maritime, seafood exports and renewable energy, which means we know which Norway documents need attestation and which can be submitted as plain copies.
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. This is also the point at which we answer any question specific to a RAKBANK business account for Norwegian owners.
Step 2Document pack
To be clear, 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
GoldenKey introduces you to a business banking officer at RAKBANK and joins the application meeting, in person or online. This is also the point at which we answer any question specific to a RAKBANK business account for Norwegian owners.
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.
Documents required
The document list for a RAKBANK business account for Norwegian owners is short, and most clients already have everything on it.
- Personal or corporate bank statements for the last three to six months
- A CV for each shareholder and the company's website or social links
- A police clearance certificate from Norway if the activity or the Golden Visa category requires it
- A business profile describing products, customers, suppliers and countries of operation
- A bank statement from your Norway bank for the last three months, which banks use to understand your profile
- Educational certificates attested by the Norway authorities and the UAE embassy, for professional activities
Pricing
In short, the figures below for a RAKBANK business account for Norwegian owners are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one. From day one, use the table below to compare packages for a RAKBANK business account for Norwegian owners; 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
The dirham has been pegged to the US dollar since 1997, which removes currency risk for a RAKBANK business account for Norwegian owners and makes international pricing simple. The UAE's reputation as a trading hub means international customers and suppliers already trust a UAE licence, which shortens sales cycles for a RAKBANK business account for Norwegian owners.
Why GoldenKey
GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with a RAKBANK business account for Norwegian owners, so the paperwork, approvals and timing hold no surprises for us. We speak the languages our customers speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for a RAKBANK business account for Norwegian owners. Crucially, 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 file sit.
In our experience, tell us about your plans for a RAKBANK business account for Norwegian owners and GoldenKey will come back to you shortly with a clear price, a document checklist and a realistic timeline.
Frequently asked questions
Can a free zone company open an account with RAKBANK?
Yes. 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.
Is a minimum balance required at RAKBANK?
Day to day, 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.
Is there a double taxation agreement between Norway and the UAE?
Importantly, the UAE has double taxation agreements with more than 130 countries. Whether Norway is covered and how it applies to you depends on the current treaty position, which GoldenKey checks with a tax adviser before you rely on it.
Can a Norwegian citizen own 100% of a company in RAKBANK?
It can. Norwegians can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
