For a RAK bank company account opening, the business owner needs to submit their application through different online or offline channels. They may also need to meet certain requirements to execute this procedure. For instance, a monthly minimum balance of up to AED 25,000, possession of all business-related documents including a valid trade license, proof of nationality such as ID proof, residential address, etc. Although bank services and facilities are alike for both UAE nationals and expats, it is still essential to present the relevant documents to the bank. Planning on establishing your business in the UAE? Get in touch with Shuraa.