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Dubai SME and RAKBANK have collaborated jointly to support access to credit for Emirati- owned small and medium –sized enterprises operating in the Emirates of Dubai and intend to work together towards the common goal of supporting access to finance for SME in Dubai.

To enhance and promote entrepreneurship and investment initiatives of UAE nationals, diversifying and developing the local and national economic, Dubai SME introduced The Mohamed Bin Rashid Fund (MBRF) also referred as The Dubai SME Fund.

The Dubai SME Fund 

  • Encourages UAE national youth to enter into the business sector and to establish and own small and medium sized enterprises that will create employment opportunities.
  • Provides financial support to existing small and medium sized enterprise of UAE nationals.
  • Provides technical expertise in various fields to support small and medium sized enterprise of UAE national 

For more information or enquiry please write to us at businessbanking@rakbank.ae



Hello Business Hub by Etisalat and RAKBANK have entered a strategic alliance to support small businesses where it focuses on competitive solutions that support the entrepreneurial journey and enterprise life cycle. This opens up a new platform to introduce the Bank’s services to startups in the HUB

“Etisalat’s ‘Hello Business Hub’, is a one-stop shop designed to support Small and Medium Businesses (SMBs) and start-ups in the UAE by getting their businesses off the ground. RAKBANK being the exclusive banking partner in the Hub providing business banking solutions at preferential terms* to SMBs 7 & startups  who visit Etisalat’s Hello Business HUB.

In  addition to business banking solutions, Hello Business HUB offers unique propositions related to Company setup & Registration, Insurance, VAT consultancy, Real Estate Services, Office equipment & furniture, UAE Immigration services, Special corporate discounts, Digital marketing solutions combined with the latest telecom products from Etisalat

As part of our partnership with Etisalat a  special mobile package offer * from Etisalat  can be availed by  RAK Elite Business Banking customers through Hello Business Hub using their Business Elite Debit card 

Please visit Hello Business Hub in ONE JLT Level 2  to avail the offer.
Click here for the location

For more information or enquiry  please write to us at businessbanking@rakbank.ae

*Conditions apply 



Ras Al Khaimah Economic Zone (RAKEZ) and RAKBANK jointly collaborated with an objective to assist the clients of RAKEZ in opening Business accounts and availing finance and credit facilities from RAKBANK.

RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah. It currently hosts over 14,000 companies coming from over 100+ countries and operating in more than 50 industries.

RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. 

A leading economic zone, RAKEZ, aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.

For more information or enquiry please write to us at business.banking@rakbank.ae 



Saud Bin Saqr Establishment for Youth Enterprises Development also referred as RAK SME and RAKBANK jointly collaborated with an objective to assist the members of RAKSME in availing loans and credit facilities from RAKBANK.

RAK SME an initiative by RAK Chamber, and started its work in mid-2008, playing the role of an incubator by SMEs established by nationals in the emirate of Ras Al Khaimah, as well as motivating and supporting youth in entrepreneurship. The Establishment’s projects and tasks are supervised by a supreme committee consisting of economists, heads of development and economic sectors, members of the Board of Directors at RAK Chamber of Commerce and Industry, officials of the Department of Economic Development.

For more information or enquiry  please write to us at business.banking@rakbank.ae



Emirates Development Bank (EDB) and RAKBANK have jointly  collaborated  to support the innovations in the UAE under Mohamed Bin Rashid Innovation Fund ( MBRIF) ,where EDB acts as the Guarantor for the Innovation Fund and RAKBANK as the Lender

The Mohammed bin Rashid Innovation Fund (MBRIF) is a federally sponsored initiative conceived and sponsored by the Ministry of Finance and operated by Emirates Development Bank to support local innovators in accessing affordable finance through the provision of a government-backed guarantee. The Fund of AED 2 billion was announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, during the country’s first-ever Innovation week. MBRIF will act on behalf of the UAE government to provide a guarantee as security to a financier, as an incentive to encourage the issuance of a loan and to reduce collateral required from the applicant.”

For more information or enquiry. please write to us at business.banking@rakbank.ae



EO U.A.E and RAKBANK has entered into Strategic alliance to support the  leading entrepreneurs in the U.A.E as an  exclusive banking partner  for EO U.A.E 

The Entrepreneurs' Organization (EO) - for entrepreneurs only - is a dynamic, global network of more than 12,000 business owners in 53 countries. Founded in 1987 by a group of young entrepreneurs, EO is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. 

Value Proposition 
EO is the catalyst that enables entrepreneurs to learn from each other, leading to greater business success and an enriched personal life. The EO brand is built around the members. It is from this self-identification that the brand’s core values were determined— Boldly Go, Thirst for Learning, Make a Mark, Trust and Respect, and Cool.

For existing RAKBANK Business Banking customers who wish to join EO, please email us details of your company businessbanking@rakbank.ae with a CC to your Relationship Manager 
 



 

RAKBANK in its endeavor to expand its product offering   entered into a strategic tie up with SAGE to support requirement of SME’s for Accounting Solutions.

Sage is one of the market leaders in accounting solutions and they are accredited by the UAE Federal Tax Authority (FTA) .Sage Business Cloud offers accounting solutions that are fully compliant with value-added taxes to small and medium businesses (SMBs). 

Sage Accounting helps businesses effectively manage their finances and cash flow by offering easy control of their business and data at any place and any time. It will also help them collaborate with colleagues and accountants to share the workload and automate processes wherever possible to improve efficiency and reduce admin tasks.

Benefits of Sage Accounting Software

  • Cloud Software Available Anywhere, Anytime 
  • Comply completely with UAE VAT legislation 
  • Manage Finance and cash flow effectively 
  • Multiple users can work  simultaneously on same data

RAKBANK Business Banking customers can now avail a the accounting software through Sage on preferential terms  

For Existing Business Banking customers who are interested in Sage accounting solutions should email their company details to businessbanking@rakbank.ae with a CC to your relationship manager at RAKBANK