RAKBANK Account for Restaurant & Café Businesses

Why RAKBANK

Having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK submission noticeably smoother. 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. For restaurant & café, 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

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. Expect clear updates from your GoldenKey consultant while this step runs for a RAKBANK account for a restaurant or café.

2. 
   Step 2

   Document pack

   GoldenKey builds the complete document pack for RAKBANK: corporate papers, signatory IDs, proof of address, profile and supporting invoices.

3. 
   Step 3

   Introduction and meeting

   GoldenKey introduces you to a business banking officer at RAKBANK and joins the application meeting, in person or online. Nothing is submitted for a RAKBANK account for a restaurant or café until you have reviewed and approved it.

4. 
   Step 4

   Compliance 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

Here is what you will need for a RAKBANK account for a restaurant or café; GoldenKey checks every item before submission.

• A CV for each shareholder and the company's website or social links
• Personal or corporate bank statements for the last three to six months
• Trade licence, certificate of incorporation and memorandum of association
• Passport, visa and Emirates ID copies of all shareholders and signatories
• Office tenancy contract or flexi-desk agreement
• A business profile describing products, customers, suppliers and countries of operation

Pricing

In our experience, use the table below to compare packages for a RAKBANK account for a restaurant or café; we will confirm the exact total for your case in a written quotation. Pricing for a RAKBANK account for a restaurant or café depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.

Why the UAE

For most clients, there are no restrictions on repatriating profits or capital, so earnings from a RAKBANK account for a restaurant or café can be moved to your home country or reinvested freely. Banking, logistics, telecoms and digital government services in the UAE are among the most advanced in the region, which keeps the running costs of a RAKBANK account for a restaurant or café predictable.

Why GoldenKey

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 a restaurant or café happen the same day they are ready. Our quotations for a RAKBANK account for a restaurant or café list every government fee and our service fee on one page, in writing, before you pay anything. For most clients, most of our RAKBANK clients come to us through referrals from other founders, which is why we take pride in keeping every promise we put in writing.

Frequently asked questions