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Ras Al Khaimah Digital Assets Oasis (RAK DAO) is a specialised economic zone in Ras Al Khaimah, UAE, established to support businesses and entrepreneurs operating in digital assets, blockchain, Web3, artificial intelligence, and other emerging technologies. It provides a dedicated environment for startups, technology companies, investors, and innovators looking to establish and grow their businesses in the UAE.
Beyond business registration and licensing, RAK DAO is focused on creating an ecosystem that promotes innovation, entrepreneurship, collaboration, and investment. Its specialised infrastructure and technology-oriented approach provide businesses with opportunities to develop new solutions, connect with industry participants, and expand into regional and international markets.
RAK DAO is the first free zone for digital and virtual assets. Entrepreneurs will have over 170 business activities to choose from, depending on what business they wish to run.
Within the UAE, the free zone offers modern office infrastructures, amenities, and facilities – all in a jurisdiction with a high living standard.
Enabling growth for RAK DAO companies are the free zone’s countless opportunities for funding, networking, and partnerships with the UAE’s tech and innovation leaders.
A RAK DAO business offers perks like full foreign ownership for expatriates, full repatriation of profits and capital, plus no corporate and personal income taxes.
This is intended for businesses involved in software development, IT solutions, blockchain technology, artificial intelligence, cloud computing and other technology-related activities. It is generally suitable for technology companies developing or providing digital products and solutions.
This is designed for businesses operating in the Web3 and blockchain ecosystem, including blockchain infrastructure, decentralised applications (dApps), smart contracts and related technology development. It is one of the key areas for which RAK DAO was established.
RAK DAO supports businesses involved in digital assets, tokenisation, NFTs and other virtual-asset-related activities. However, activities that constitute regulated Virtual Asset Service Provider (VASP) activities may require separate regulatory approval/licensing from the relevant UAE regulator and should not be assumed to be covered merely by a RAK DAO commercial licence.
RAK DAO also accommodates activities relating to digital marketing, media, content creation and related services, particularly where these are connected with the technology/Web3 ecosystem.
RAK DAO has a specific legal framework for DAO Associations, allowing decentralised autonomous organisations to establish a legal entity. There are currently two categories: Startup DAO and Alpha DAO.
You will have over 170 business activities to choose from when starting a company at the RAK DAO. Once you’ve decided, be sure to also pick out a company name that fits the business you have in mind.
Get all your necessary requirements and details ready. Select the type of RAK DAO license that you’ll be applying for, prepare the needed documents, and be ready to disclose any relevant information about your shareholders.
Business packages at RAK DAO can be tailored to your specific needs. The free zone has freelance permits, digital nomad licenses, or standard company license depending on what your business is looking for.
As soon as all documents and applications steps have been approved, you’ll receive a RAK DAO business license which allows you to formally operate within the jurisdiction. You’ll be free to start and grow an innovative business, while taking advantage of what the free zone has to offer.
Once all the requirements and details have been prepared, pay for your application fees and you’ll be nearly done with the process! All that’s left to do will be to wait for your license.
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