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Founded within Ras Al Khaimah in 2023, the RAK Digital Assets Oasis (RAK DAO) was formed for the UAE to establish its early leadership in the virtual currency space. The newly launched global innovation hub embraces advanced technology, acting as a home for companies in cryptocurrency, Web3, AI, e-sports, gaming, and more.
RAK DAO offers its businesses a lively ecosystem that’s made up of friendly regulations, extensive support and assistance, as well as vibrant culture within the UAE’s modern landscapes. Although the Free Zone is still in its infancy, it’s well on its way to becoming a leader in shaping the future of technology.
Most of the country has been quick to embrace new industries, be it virtual assets, AI, blockchain, the metaverse, sustainable technologies, and more. Having such a strong commitment to innovation creates an ideal playground for new businesses to grow new ideas or pursue endless possibilities.
Although the UAE introduced its corporate tax regime last year where a rate of 9% was implemented on earnings more than AED 375,000, this has yet to apply to cryptocurrency-related matters or business activities conducted within a UAE free zone. As such, investors can enjoy the best of the country’s tax incentives.
Located within reach of the rest of Asia, as well as Europe and Africa, the UAE is a well-established business hub that has wide global access. It is connected to the world by way of world-class airports, accessible ports, and telecommunication structures.
100% foreign ownership,
no income taxes, profit
repatriation, and more investor incentives
Four hours away
from multiple global
destinations
Opportunities to network with
VC funds, investors, or
potential partners
Politically, economically, and
socially stable
A modern paradise with
high-quality residential areas, business and commercial centres, and utilities
Access to high standards of
living for lower prices versus
Dubai
The cost of setting up a company in the RAK DAO Free Zone
begins at AED 22,095.
The price would differ based on the business activities, number
of shareholders, office space requirements, and other factors.
Receive a cost estimate for your business now!
Creative Zone is the leading and largest business setup consultancy head-quartered at Dubai, UnitedArab Emirates, providing valuable support to aspiring entrepreneurs and SMEs since 2010. With an impressive track record of assisting over 75,000 businesses locally and internationally, Creative Zone has established itself as the one-stop shop for companies seeking business solutions.
Our services cover every aspect of business setup, from seamless licensing processes to customised value-added solutions. With flexible payment plans and tailored services, we empower companies to promote, sustain, and accelerate their operations regionally and internationally.
Free Zone Industry Excellence Award 2016
800-LICENSE (542 3673)
If you are calling from outside the UAE, please contact us on
or email us at
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