pr23Hw2
 

RAKBANK

This Bank is one of the most dynamically developing banks in UAE, which outdistances many of its competitors by its tariffs and ease of service. 52% of the shares of this bank belong to the Government of Emirate of Ras Al Khaimah.

The bank's capitalization indicators exceed the mark of 6 million USD. In terms of profitability, it is recognized as the best bank in the entire Middle East.

The Bank serves both private and corporate clients (registered in UAE: local companies, FEZ companies and offshore companies).

RAKBANK opened about 40 branches in UAE and installed more than a hundred ATMs.

16 bank branches are opened in Dubai with the installation about 60 ATMs.

Corporate account

1.

 

 

2. RAK Starter package - if the average monthly balance of the account is 0 AED, commission for the account servicing is 100 AED

3. RAKelite package - if the average monthly balance is 500 000 AED, no commission for the account servicing

 

Information about the tariffs:

https://rakbank.ae/wps/wcm/connect/24fe8e8e-fc35-4967-8dd3-8935c64f085e/RAK+S%26P+-CC-Account+Services+Business+%26+Remittances-Web+EN-01....pdf?MOD=AJPERES&CVID=mI8CAQA

Additionally:

  • Individual manager (Russian / English)

  • Debit card is granted for use

  • Possibility to receive a checkbook

  • Monthly account statement

  • Free online banking, telephone banking

  • 24-hour telephone banking services.

Required documents:

- Originals of all statutory documents

- Certificate of Good Standing (if the company is more than one year old)

- Description of the activity (including partners, turnover, countries, etc.);

- Information about the founders;

Documents of the account manager / beneficiary:

- Original of internal passport;

-  Original of foreign passport (with a resident visa);

-  Emirates ID;

- Confirmation of the customer address in UAE;

- Statement of personal account for the last 3 months;

- Data regarding the source of the beneficiary's funds origin;

- Documents showing the beneficiary's experience.

* The bank always reserves the right to request additional documents in the process of considering the issue of the account opening.

 

Note:

To date, the bank does not accept companies that operate in oil and gas industry, logistics companies

 

Account opening period: up to 20 days after submitting all necessary documentation to the bank.

 

 

_______________________________________________________________________

Our company specialists are always ready to advise you in more detail on all issues regarding the procedure for opening a current account with RAKBANK. 

noorbankeng.jpg