UAE Women Entrepreneurs Offered Fee-Free Banking Support
RAKBANK has introduced a specialized initiative titled "She Means Business," designed to empower female entrepreneurs across the UAE by significantly reducing their startup costs. Women launching or expanding their ventures can now secure a 12-month waiver on monthly maintenance fees by opening a business account before December 10, 2026. This offer is tailored for sole proprietors and individual LLCs, providing them with a zero-balance account that eliminates the pressure of maintaining a minimum deposit. The digital-first approach ensures that accounts can be activated rapidly, often within just a few hours.
Beyond the fee waivers, the initiative provides a comprehensive suite of financial and administrative tools to streamline operations. Account holders gain access to multi-currency transactions, interest-bearing options on AED and USD balances, and essential perks like complimentary debit cards and payroll processing services. Furthermore, RAKBANK has partnered with CrunchMoms to offer membership discounts and professional training sessions focused on AI, leadership, and marketing. By bundling insurance coverage and accounting software into this package, the bank aims to help female founders minimize overhead costs and focus on the growth of their businesses.