WhatsApp quoteFor most clients, opening a business account with RAKBANK is a realistic goal for a well-prepared company, and preparation is exactly what GoldenKey provides. As we tell every client, rAKBANK suits small and medium businesses, new companies and traders in the northern emirates, and its product range includes RAKstarter account, business current account, trade finance and business loans. For most clients, for Swiss entrepreneurs, the UAE is around 6.5 hours from Bern, the UAE is 2 to 3 hours ahead of Switzerland, and English, German and French speakers all operate comfortably in the UAE. In practice, swiss nationals are a discreet but significant presence in wealth management, commodities and precision industries, so the RAKBANK authority, the banks and the immigration officers see Swiss applications every day and process them without hesitation.
Why RAKBANK
As a rule, having a UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK application noticeably smoother. In short, rAKBANK is a frequent first choice for Ajman, Sharjah and RAK free zone companies. Put simply, for Swiss nationals, the practical advantages of RAKBANK are the ease of travel between Switzerland and the UAE, English, German and French speakers all operate comfortably in the UAE, and a banking system that processes Swiss franc (CHF) transfers daily.
How RAKBANK works with GoldenKey
Step 1Profile review
We assess your business profile against RAKBANK's appetite — activity, nationalities, turnover — and confirm the fit first.
Step 2Document pack
We compile the licence, memorandum, passport and visa copies, address proof, business profile and sample contracts in the layout RAKBANK expects. If the authority raises a query on a RAKBANK business account for Swiss owners at this stage, we handle it the same day.
Step 3Introduction and meeting
GoldenKey introduces you to a business banking officer at RAKBANK and joins the file meeting, in person or online.
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. Nothing is submitted for a RAKBANK business account for Swiss owners until you have reviewed and approved it.
Documents required
To be clear, the document list for a RAKBANK business account for Swiss owners is short, and most clients already have everything on it.
- A business profile describing products, customers, suppliers and countries of operation
- Sample invoices, contracts or purchase orders where available
- Proof of residential address for each signatory
- Trade licence, certificate of incorporation and memorandum of association
- Office tenancy contract or flexi-desk agreement
- A police clearance certificate from Switzerland if the activity or the Golden Visa category requires it
Pricing
All prices for a RAKBANK business account for Swiss owners are indicative, shown in AED and confirmed in writing before you pay. Pricing for a RAKBANK business account for Swiss owners depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.
| 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 Swiss 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 Swiss owners and makes international pricing simple.
Why GoldenKey
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 application sit. For most clients, 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 Swiss owners happen the same day they are ready. Our quotations for a RAKBANK business account for Swiss owners list every government fee and our service fee on one page, in writing, before you pay anything.
In practice, message GoldenKey now and we will prepare a personalised quotation for a RAKBANK business account for Swiss owners, valid for 30 days and confirmed in writing.
Frequently asked questions
Can I open a RAKBANK account without a UAE residence visa?
Some banks consider non-resident company accounts, but most prefer a resident signatory. GoldenKey usually processes your investor visa before the bank application for that reason.
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?
As a rule, 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.
Can a Swiss citizen own 100% of a company in RAKBANK?
Yes. Swiss nationals can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
Do Swiss nationals need a UAE visa before applying for RAKBANK?
Not in that case. You can apply for the licence from Switzerland with scanned documents, and the investor residency visa is completed afterwards.
