WhatsApp quoteIn practice, 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. 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. The most common businesses Serbians open through GoldenKey are in IT and software, construction, agriculture exports and hospitality, although RAKBANK supports almost any activity. Put simply, payments between Serbia and the UAE are routine: the dirham is pegged to the dollar, Serbian dinar (RSD) transfers settle quickly and UAE banks are familiar with Serbian business profiles.
Why RAKBANK
As we tell every client, 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 practice, rAKBANK is a frequent first choice for Ajman, Sharjah and RAK free zone companies. To be clear, many Serbian entrepreneurs run RAKBANK companies alongside an existing business in Serbia, using the UAE entity for international invoicing and regional sales.
How RAKBANK works with GoldenKey
Step 1Profile review
Day to day, we assess your business profile against RAKBANK's appetite — activity, nationalities, turnover — and confirm the fit first.
Step 2Document pack
GoldenKey builds the complete document pack for RAKBANK: corporate papers, signatory IDs, proof of address, profile and supporting invoices. For a RAKBANK business account for Serbian owners this step rarely needs your presence; scans and e-signatures are enough.
Step 3Introduction and meeting
GoldenKey introduces you to a business banking officer at RAKBANK and joins the application meeting, in person or online.
Step 4Compliance and activation
RAKBANK's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval. Your portal shows the status of this step for a RAKBANK business account for Serbian owners in real time.
Documents required
Just as important, for a RAKBANK business account for Serbian owners the issuing authority asks for the following documents, and we tell you exactly how each must be formatted.
- Office tenancy contract or flexi-desk agreement
- Educational certificates attested by the Serbia authorities and the UAE embassy, for professional activities
- A CV for each shareholder and the company's website or social links
- Passport, visa and Emirates ID copies of all shareholders and signatories
- Sample invoices, contracts or purchase orders where available
- A passport released by Serbia with at least six months' validity
Pricing
All prices for a RAKBANK business account for Serbian owners are indicative, shown in AED and confirmed in writing before you pay. As we tell every client, use the table below to compare packages for a RAKBANK business account for Serbian 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 2026-10-06.
Why the UAE
Since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so a RAKBANK business account for Serbian owners no longer requires a local partner. Residence visas for owners and families come with the company, which makes a RAKBANK business account for Serbian owners a route to relocation as well as a business decision.
Why GoldenKey
Crucially, we will tell you plainly if RAKBANK is not the right choice for your plan and point you to a better option, even when that option costs less. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with a RAKBANK business account for Serbian owners, so the paperwork, approvals and timing hold no surprises for us. Put simply, our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for a RAKBANK business account for Serbian owners happen the same day they are ready.
Tell us about your plans for a RAKBANK business account for Serbian owners and GoldenKey will come back to you shortly with a clear price, a document checklist and a realistic timeline.
Frequently asked questions
Is a minimum balance required at RAKBANK?
In our experience, 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.
Does GoldenKey guarantee a RAKBANK account?
No consultant can. RAKBANK's compliance team makes the decision. What GoldenKey does is prepare a complete, consistent application and introduce you to the right banking officer, which is where most of the difference is made.
What if RAKBANK declines my application?
Just as important, 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.
Do Serbians need a UAE visa before applying for RAKBANK?
No. You can apply for the licence from Serbia with scanned paperwork, and the investor residency visa is completed afterwards.
Can a Serbian citizen own 100% of a company in RAKBANK?
Yes — Serbians can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
