Open bank account for
RAK Company
How to open bank account for
RAK company
Wonder which can be the best bank for your RAK company? Let's find out with our Banking Tool
Open a Bank Account for RAK Company
Note: Our banking support fee does not include the fee for bank account application or any other required fee (if any) chargeable by the bank you choose to apply.
Order Banking Support Separately
US$499*
* This fee is only for customers who have already used our company formation service
Order Package that Includes Banking Support
US$400*
Save US$99 when ordering Standard or Premium Package
What Included in Our Fee
- Consultancy on best-suited bank options for your business needs
- Consultancy and review on the application process and document preparation
- Support for preparing certified documents when needed – i.e., Certificate of Incumbency and Courier hard copy
- Appointment arrangement with banks
- Dedicated support team available for banking-related questions
Why Our Service is Unique
- One-time fee for multiple bank applications with premium package (if you fail to open bank account in one bank, we continue to assist you on applying for other banks, without extra charge)
- The most competitive price that you can find
- Support for opening a Belize bank’s bank account remotely
- A proven record of over 12 years of experience with international banks
- Prompt response and step-by-step guide to application
Banking Options for RAK Company
| Country | Bank | Online Banking | Personal Visit | Credit Card | Debit Card | Initial Deposit |
|---|---|---|---|---|---|---|
| Belize | Belize Bank | US$4,000 | ||||
| Caye International Bank Ltd. | US$1,000 | |||||
| Heritage Bank | US$3,000 | |||||
| British Virgin Islands | First Caribbean International Bank | US$25,000 | ||||
| Mauritius | ABC Banking Corporation | US$5,000 | ||||
| Mauritius Commercial Bank | US$50,000 | |||||
| Investec Bank | US$50,000 | |||||
| Puerto Rico | Euro Pacific Bank | US$1,000 | ||||
| Singapore | DBS | SGD 250,000 | ||||
| HSBC | US$200,000 | |||||
| UOB | US$100,000 | |||||
| UAE | RAK Bank | US$10,000 |
**Initial deposit is often blocked in offshore bank account; if so, this amount is often small.
However, banks in Hong Kong and Singapore do not freeze this amount, so you can use it freely. But you will be charged additional fee by not maintaining your account above min balance.
Belize Bank
Initial Deposit
US$4,000
Caye International Bank Ltd.
Initial Deposit
US$1,000
Heritage Bank
Initial Deposit
US$3,000
Need more references? Here is a Banking Tool to make your decision easier!
Try NowRequired Documents
The below list shows general documents required by most banks. Additional documents might be needed depending on your case, so you might consider contacting us to get more details.
Account application forms
Bank statements and bank reference letter
Short background descriptions of all directors/shareholders/account signatories
Certified copies of passports, recent address proofs within 3 months for all directors/shareholders/account signatories
Business plan including business structure, estimated turnover, source of funds…
Certified copies of RAK incorporation documents
