WhatsApp quoteOn the ground, opening a business account with RAKBANK is a realistic goal for a well-prepared company, and preparation is exactly what GoldenKey provides. GoldenKey does not promise bank approvals, because only the bank's compliance team can grant them; what we do is prepare your RAKBANK file so thoroughly that there is little left to question. In short, the most common businesses Vietnamese nationals open through GoldenKey are in electronics, textiles, agricultural exports and IT outsourcing, although RAKBANK supports almost any activity. Put simply, vietnamese nationals are a young community in trading, IT outsourcing and hospitality, so the RAKBANK authority, the banks and the immigration officers see Vietnamese applications every day and process them without hesitation.
Why RAKBANK
As a rule, having a UAE UAE residence visa and Emirates ID for at least one signatory makes a RAKBANK application noticeably smoother. Put simply, rAKBANK is known for SME specialist, practical documentation requirements, good for northern emirates businesses and RAKstarter package for new companies, which is why we shortlist it for companies with that profile. Many Vietnamese business owners run RAKBANK companies alongside an existing business in Vietnam, using the UAE entity for international invoicing and regional sales.
How RAKBANK works with GoldenKey
Step 1Profile review
As a rule, 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. We keep a written record of this step so your file for a RAKBANK business account for Vietnamese owners is audit-ready.
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
In our experience, rAKBANK's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval. For a RAKBANK business account for Vietnamese owners, GoldenKey completes this stage with you on WhatsApp or by email.
Documents required
For a RAKBANK business account for Vietnamese owners the authority asks for the following paperwork, and we tell you exactly how each must be formatted.
- Proof of residential address for each signatory
- A police clearance certificate from Vietnam if the activity or the Golden Visa category requires it
- Educational certificates attested by the Vietnam authorities and the UAE embassy, for professional activities
- A business profile describing products, customers, suppliers and countries of operation
- Sample invoices, contracts or purchase orders where available
- Office tenancy contract or flexi-desk agreement
Pricing
Pricing for a RAKBANK business account for Vietnamese owners depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. The figures below for a RAKBANK business account for Vietnamese owners are updated by GoldenKey whenever the issuing authority changes its fees, so the price you see is the current one.
| 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 2026-10-27.
Why the UAE
As a rule, the dirham has been pegged to the US dollar since 1997, which removes currency risk for a RAKBANK business account for Vietnamese owners and makes international pricing simple. To be clear, residence visas for owners and families come with the company, which makes a RAKBANK business account for Vietnamese owners a route to relocation as well as a business decision.
Why GoldenKey
To be clear, because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which papers each of them will ask for on a RAKBANK file. GoldenKey builds its own CRM and client portal, so you can see the status of your RAKBANK submission, download your supporting documents and pay invoices from your phone. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with a RAKBANK business account for Vietnamese owners, so the paperwork, approvals and timing hold no surprises for us.
Prefer to visit? Our Ajman office welcomes walk-ins during working hours, and we can also meet you in Dubai or Sharjah by appointment to discuss a RAKBANK business account for Vietnamese owners.
Frequently asked questions
How long does RAKBANK take to open a business account?
Importantly, 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 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.
Is a minimum balance required at RAKBANK?
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.
Do Vietnamese nationals need a UAE visa before applying for RAKBANK?
No, it does not. You can apply for the licence from Vietnam with scanned documents, and the investor residence visa is completed afterwards.
Can a Vietnamese citizen own 100% of a company in RAKBANK?
Absolutely. Vietnamese nationals can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
