Rak
DAO FREE
Zone
About RAK DAO
Where Digital Assets Thrive
RAK DAO stands for Ras Al Khaimah Digital Assets Oasis and it is a free zone that was established in early 2023 under the guidance of the Department of Future, specifically for digital and virtual asset companies, which is one of the biggest emerging markets in the world and hold a huge investment potential. Recognizing this potential, the RAK DAO Free Zone was established by the United Arab Emirates government to attract global entrepreneurs and startups.
These startups and companies operate in a variety of different tech fields that include Artificial intelligence, fintech, blockchain, e-sports & gaming NFTs & other digital technologies, server hosting, banking & professional services, and Web3-related businesses. Besides these, extensive training and education in these fields are also provided in the zone.
RAK DAO Free Zone offers some of the most unique and first-of-its-kind licenses in the digital and virtual world and common examples of RAK DAO License include Digital Nomad License and Freelance Permit. Among the major multinational companies operating in RAK DAO include MetaEngine, CoinMena, BlockLogica, Binance, Tencent Cloud, CBI, WIO, and EQI Bank
Why RAK DAO?
When it comes to virtual and digital assets, the United Arab Emirates is one of the most progressive, future-forward, and business-friendly countries in the world, which makes the RAK DAO Free Zone an excellent place for companies operating in these industries to set up their business and its strategic location in the on the map also allows for better international business.
Secondly, both the government of Ras Al Khaimah and the free zone authority understand the importance of these emerging markets, as evidenced by the unique RAK DAO License examples. As such, the government provides plentiful incentives and benefits to companies operating in the zone.
Benefits of Setting Up a Business in RAK DAO
Free Zone Perks
Companies operating in the RAK DAO Free Zone, are exempt from taxes, they can retain full ownership of their assets if they are foreign, and can repatriate profits to their origin countries.
Infrastructure and Facilities
RAK DAO Free Zone has state-of-the-art infrastructure and facilities specially designed for companies operating in the tech industry.
Supportive Government Policies
From easily issuing RAK DAO License to providing support services later on, the government and the operating authority are extremely friendly and supportive.
Tailored Packages
Every business is unique and has a specific set of needs and the skilled and experienced personnel at RAK DAO understand this and provide tailored business solutions.
Strong Regulatory Framework
The legal framework to regulate virtual and digital assets in the RAK DAO Free Zone is some of the most advanced and first of its kind in the world.
Business Activities in RAK DAO
RAK DAO Free Zone being designed specifically for virtual and digital assets has most of its business activities in the tech area and these include Blockchain and Cryptocurrency Services, Fintech, Digital Asset Management, E-commerce and Digital Marketing, Research and Development, Software Development, Video Game Development, and Cybersecurity to name a few. RAK DAO Licenses are also issued to freelancers, digital nomads, and young entrepreneurs and innovators.