RAKBANK was founded in 1976 and is one of the oldest banks in UAE. In 2001 it made significant changes and focused on personal and business-banking. Today, the bank has about 40 branches that offer a wide variety of services for personal and business-banking.
Founding date
1976
Account Opening Terms
Recommendations
Required
Description of activity
Detailed
Account type
Corporate and personal.
Required documents
Travelling passport; application form; copies of Emirates ID and resident UAE visa; salary statement; copies of constituent documents; director's CV, company's profile and bank statement
Minimum balance
6006
Account opening nuances
The bank requires Emirates ID and it is applicable only to tax residents
Account opening, possibility
Calculated
Cost and nuances of account maintenance
Translation cost
10-25 AED
Enrollment fees
None
Account maintenance cost
None
Law&Trust International offers free general consultation for this issue.
With our services you can avoid many legal concerns.