RAK DOA – RAK Digital Assets Oasis:
Types of Licenses Offered
RAK DAO provides licenses tailored to emerging and innovative businesses in the digital economy. Key categories include:
- Web3 Consultancy and Services
- Digital Asset Proprietary Trading
- Artificial Intelligence (AI)
- Gaming and GameFi
- Blockchain Services
- NFT Creation and Trading
- Metaverse-related Projects
- Digital Asset Mining
- Tokenization of Real-World Assets
Each license enables activities such as software development, infrastructure design, and virtual asset trading.
Business Activities Allowed
RAK DAO focuses on enabling businesses in cutting-edge fields. Some of the permitted activities include:
- Digital asset innovation (e.g., creating tokens or decentralized applications).
- Virtual reality (VR) and augmented reality (AR) solutions.
- SocialFi and blockchain-based platforms.
- Infrastructure development for digital marketplaces
Types of Business Structures
Entrepreneurs can choose from three main company structures:
- Remote Company: Ideal for businesses without physical operations.
- Standard Company: Traditional corporate setup with workspace requirements.
- Freelance Permit: For individual professionals in specialized fields
Cost of Setup
The cost of setting up a business in RAK DAO varies depending on the selected license and office requirements. While specific figures are not widely published, the benefits include:
- Zero corporate and personal income tax.
- 100% foreign ownership.
- Full repatriation of profits and capital
For Individuals:
- Passport copy.
- Emirates ID (for UAE residents).
- Business plan.
- Proof of funding (if applicable).
For Corporates:
- Certificate of Registration.
- Memorandum of Association.
- Board/Shareholder resolution.
Incumbency certificate (recent)
- Tax-Efficient Environment: No corporate or personal income taxes.
- State-of-the-Art Facilities: Access to modern hybrid office spaces and work cafes.
- Regulatory Support: Comprehensive framework for compliance and transparency.
- Global Connectivity: Strategically located with excellent access to investors and markets.
Innovation Ecosystem: Access to accelerators, funding opportunities, and networking with global Web3 leaders
Why Choose RAK DAO?
RAK DAO represents a significant step in the UAE’s commitment to becoming a global leader in blockchain and digital innovation. Its supportive policies, robust infrastructure, and emphasis on emerging technologies make it a prime destination for tech entrepreneurs.
Business Activities Allowed
RAK DAO focuses on enabling businesses in cutting-edge fields. Some of the permitted activities include:
- Digital asset innovation (e.g., creating tokens or decentralized applications).
- Virtual reality (VR) and augmented reality (AR) solutions.
- SocialFi and blockchain-based platforms.
- Infrastructure development for digital marketplaces