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Launch your company in the RAK DAO Free Zone with the expert assistance of Enterworld. Leverage the global hub for innovators and enjoy a business-friendly environment for your Web3 products today with RAK DAO Free Zone company setup.
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Enterworld offers a simplified and straightforward process for RAK digital assets oasis company formation.
4 to 7 Days
Company Registration
No
Travel Required
100%
Foreign Ownership
No
Local Director?
SPecial offer
The RAK DAO is an excellent business destination for global entrepreneurs and investors in digital sectors. It is a specialised free zone designed for digital assets and blockchain, with a supportive infrastructure, making it a top choice for entrepreneurs. Given below are the reasons why the RAK DAO free zone company setup is a great choice-
Companies and entrepreneurs working in Web3 and digital asset-focused businesses will have access to a collaborative environment, offering a tech-supportive infrastructure and excellent opportunities to grow their business.
The business setup in the RAK DAO free zone is a simplified process, which can be completed online through the official portal with access to the UAE visa processing support. The licensing process is also straightforward, making it convenient for global entrepreneurs.
The RAK DAO free zone provides modern office spaces, tech-enabled offices and essential infrastructure to support digital and virtual assets businesses. You will also get access to private offices and meeting rooms with easy banking services.
The Ras Al Khaimah Digital Assets Oasis (RAK DAO) offers attractive business opportunities for entrepreneurs in the digital and virtual assets sector. The free zone will provide an innovative platform for businesses to grow, along with other key benefits of RAK DAO free zone company setup, such as:
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The RAK DAO free zone is strategically located in the UAE with easy access to major international airports and global markets. The RAK Digital Assets Oasis is an ideal destination for business if you wish to expand your business internationally.
The RAK DAO free zone allows 100% foreign ownership of business without restrictions or the requirement of a local sponsor. This will give you full power to take care of your business and control it as you prefer by making your own decisions.
The RAK DAO free zone is equipped with modern facilities and advanced infrastructure to support tech-driven and digital businesses. In this free zone, you will have access to high-speed internet, commercial spaces and a modern office infrastructure. It is one of the benefits of RAK DAO free zone company setup.
The entire RAK DAO free zone company setup process, licensing, and ongoing operational support are provided by the RAK DAO authorities. You will also get access to expert professionals like auditors and legal advisors who will help you grow your business.
In the RAK DAO free zone company setup process, you will enjoy 100% ownership of your business with easy profit repatriation without restrictions. This will allow you to move your earnings abroad and is ideal for digital businesses like Web3 and digital assets founders.
The RAK DAO free zone is built for innovation and growth, supporting entrepreneurs who wish to experiment in the innovation sector, such as blockchain, tokenization, and digital identity, under a tailored regulatory environment.
The RAK DAO free zone company setup offers a tax-free business environment, with attractive tax benefits, such as tax incentives, zero corporate and personal income tax, making the free zone an excellent location for digital nomads and freelancers.
RAK DAO free zone offers high-privacy protection laws to ensure confidentiality and protection of the sensitive data of the shareholders. The free zone employs strict regulations and procedures to safeguard data, which is essential for the digital asset’s businesses.
Three Categories of RAK DAO Free Zone License Timeline for Company Setup in RAK DAO Free Zone
RAK DAO Free Zone Company Setup
Profitable Ideas for RAK DAO Company Formation
Blockchain Startups
NFT Platforms
Crypto Exchanges
Token Trading Platforms
Web3 gaming
Digital Asset Management
Crypto Advisory and Consulting
Smart contract development
Metaverse projects
Frequently Asked Questions on RAK Digital Assets Oasis Company Formation
In the RAK DAO free zone, the process of setting up a company involves selecting a business activity, a legal structure and getting your documents ready. After your documents are ready, you can apply for company registration through the official online portal. If your application is accepted, you will receive an initial approval to proceed with the payment, and then your RAK DAO business license will be issued.
The Ras Al Khaimah Digital Assets Oasis (RAK DAO) has three distinct licenses for business. The cheapest license in the DAO Free Zone is the zero-visa license under a remote company.
Yes, foreigners can open a business in the RAK DAO free zone without any restrictions. As a foreign entrepreneur, a local partner or a sponsor is not needed. The RAK DAO free zone allows 100% foreign ownership and full profit repatriation.
To completely set up a company in the RAK DAO free zone, it will take between four to seven business days. As the company registration process is quick in the free zone, it will be completed within seven days.
Since the RAK DAO free zone is designed for virtual assets and digital businesses, the free zone is preferred by blockchain, NFTs, decentralized finance (DeFi) businesses, digital assets services, crypto consulting & marketing, Web3 gaming, metaverse, and tech services such as AI, fintech and digital technologies.
The RAK DAO free zone supports emerging sectors like blockchain and NFTs by providing transparent regulatory frameworks, a supportive business environment, advanced infrastructure, straightforward online registration and tax advantages.
The Ras Al Khaimah Digital Assets Oasis (DAO) free zone has attractive features to support digital startups and entrepreneurs. The list of features includes:
No, the RAK Digital Assets Oasis free zone is not regulated by the Virtual Assets Regulatory Authority (VARA). The RAK DAO is a separate economic free zone and is regulated by its own governing body. The RAK DAO Authority is the responsible regulator for this free zone.
Yes, 100% foreign ownership is allowed in the RAK DAO free zone. International entrepreneurs and companies can establish a presence in the free zone without restrictions. You will not need a local partner or sponsor to enter the RAK DAO market as a foreigner.
Enterworld has a comprehensive knowledge of RAK DAO free zone processes and regulations. Additionally, we have an experienced team with blockchain, Web3, and virtual assets that can guide and support you to set up a company within the free zone.
If your income from the digital assets business is under the UAE's Free Zone Person (FZP), your income tax will be exempted. However, for the non-qualifying income, the standard corporate income tax is 9%.
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