Bank account and money transfering for RAK ICC Company

[Addler]

Hello everyone,

I would appreciate if you can advise banks or EMIs for a RAK ICC company, where I can also open a personal account preferably.

Thanks in advance

 

[2348060]

Hello everyone,

I would appreciate if you can advise banks or EMIs for a RAK ICC company, where I can also open a personal account preferably.

Thanks in advance

hello, similar problem. I will be grateful for any experience

 

[Fred]

You can contact RAK ICC on the official mail - however don't be confused if they mention you as official recommendation for international banks:

- Eqi Bank - Dominica
- Standard Int. Bank - Puerto Rico

This shows you already how far you are at the bottom of the barrel with RAK ICC.

For EMI's you can always check with ultra high risk ones in Lithuania like Wallter - they are charging you straight % for incoming and outgoing transactions up to 5% for incoming transactions so if they don't accept you with there you are left alone as no other EMI is willing to onboard you by charging nothing.

For the local UAE banks you can always give ADIB a try - bit they require you to have an EID and being UAE resident not since yesterday and you already have other UAE Business since more then 2 years of experience to prove you are serious entrepreneur, Min. Balance is 500k AED and prepare yourself for 3-6 months account opening time or being put in loopholes forever.

Long story short - RAK ICC is a very difficult topic and pretty much dead when it comes to banking options.

Spend some 1000$ more and get yourself a Dubai Freezone Company that grants you the Residence Visa. We are already in a stage were this setup is "not impossible but hard" to get banking.

Hopefully I could point out some things about the RAK ICC Banking topic and less people burning money on a company registration that never gets any reliable banking.