Partnership connects RAK ICC’s growing international community of investors, families, companies
RAK International Corporate Centre (RAK ICC) has partnered with Rakbank to strengthen banking access for its growing international wealth community, providing registered companies and foundations with a more streamlined pathway to dedicated banking support in the UAE.
The collaboration brings together the UAE’s only jurisdiction focused on private wealth structuring representing more than 160 nationalities, with the country’s leading bank for private and SME banking.
Under a Memorandum of Understanding (MoU), Rakbank will become one of RAK ICC’s preferred banking partners, providing dedicated resources to RAK ICC clients to open bank accounts for their entities.
Banking options
The MoU provides increased banking options to RAK ICC’s community of investors, families, companies and foundations using RAK ICC to structure, protect and manage private wealth and commercial interests across jurisdictions.
The MoU was signed by Sandra Louw, Chief Executive Officer, RAK ICC, and Vishal Shah, Managing Director & Head of Business Banking Group, Rakbank, during a signing ceremony held on 20 August.
Banking access
“Access to banking is an important part of managing corporate, investment and wealth structures, particularly for families and investors with interests across multiple markets,” commented Louw.
“As a leading SME bank in the UAE, we understand the importance of providing accessible, relationship-led banking backed by digital convenience,” added Shah.
