WhatsApp quoteJust as important, 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. Opening a business account with RAKBANK is a realistic goal for a well-prepared company, and preparation is exactly what GoldenKey provides. Romanian IT talent and construction firms are well represented in Dubai, which gives Romanian entrepreneurs a ready market and supply chain the moment their RAKBANK licence is released. Romanians are a large community working in hospitality, aviation, construction and IT, so the RAKBANK authority, the banks and the immigration officers see Romanian applications every day and process them without hesitation.
Why RAKBANK
From day one, 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 request is approved faster. Having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK application noticeably smoother. Many Romanian founders run RAKBANK companies alongside an existing business in Romania, using the UAE entity for international invoicing and regional sales.
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 assembles the trade licence, memorandum, passport and visa copies, proof of address, business profile and supporting invoices or contracts. Expect clear updates from your GoldenKey consultant while this step runs for a RAKBANK business account for Romanian owners.
Step 3Introduction and meeting
In practice, we introduce you to a RAKBANK business banking officer and sit with you for the submission meeting, in person or by video.
Step 4Compliance and activation
After compliance review by RAKBANK, any queries are answered with our help and the account is opened. We keep a written record of this step so your file for a RAKBANK business account for Romanian owners is audit-ready.
Documents required
For a RAKBANK business account for Romanian owners the authority asks for the following documents, and we tell you exactly how each must be formatted.
- A bank statement from your Romania bank for the last three months, which banks use to understand your profile
- A CV for each shareholder and the company's website or social links
- A passport granted by Romania with at least six months' validity
- Educational certificates attested by the Romania authorities and the UAE embassy, for professional activities
- Office tenancy contract or flexi-desk agreement
- Passport, visa and Emirates ID copies of all shareholders and signatories
Pricing
The figures below for a RAKBANK business account for Romanian owners are updated by GoldenKey whenever the licensing 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 Romanian 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
There are no restrictions on repatriating profits or capital, so earnings from a RAKBANK business account for Romanian owners can be moved to your home country or reinvested freely. The dirham has been pegged to the US dollar since 1997, which removes currency risk for a RAKBANK business account for Romanian owners and makes international pricing simple.
Why GoldenKey
GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with a RAKBANK business account for Romanian owners, so the paperwork, approvals and timing hold no surprises for us. After your RAKBANK licence is released, the same team handles renewals, visa additions, amendments and tax registrations, so you never have to explain your business twice. From day one, you deal with one named consultant from the first call until your RAKBANK licence, visa and bank introduction are complete, and that consultant answers your WhatsApp messages personally.
Put simply, start your RAKBANK journey with a free consultation: share a few details about your business and we will map out the fastest route to your licence.
Frequently asked questions
Does GoldenKey guarantee a RAKBANK account?
No consultant can. RAKBANK's compliance team makes the decision. What GoldenKey does is prepare a complete, consistent request and introduce you to the right banking officer, which is where most of the difference is made.
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.
How long does RAKBANK take to open a business account?
In our experience, 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.
Do Romanians need a UAE visa before applying for RAKBANK?
No. You can apply for the licence from Romania with scanned documents, and the investor UAE residence visa is processed afterwards.
Can a Romanian citizen own 100% of a company in RAKBANK?
Yes. Romanians can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
