RAK DAO Free Zone

Establish Your Business in RAK Digital Assets Oasis

RAK DAO provides a prime ecosystem for digital asset businesses to thrive. Avyanco ensures a seamless setup process, helping you navigate the UAE’s premier free zone designed for Web3, blockchain, and digital asset enterprises.

Benefits of Company Registration in RAK DAO Free Zone

Unlock the advantages of securing a RAK DAO Company License:

RAK Digital Assets Oasis – Key Features

RAK DAO free zone company formation features include:

Access to Various Funding Opportunities

Encouraging Business Environment

Assistance with Residency Visa Acquisition

Expert Guidance on Maximizing Tax Benefits

Packages

RAK DAO Free Zone Business Setup Packages

Ready to launch your business in RAK DAO? Avyanco provides customized packages designed for freelancers, digital nomads, and established companies. Our RAK DAO specialists will assist you in selecting the ideal package for your digital asset enterprise.

Overview

RAK DAO Freezone

Unlocking Opportunities for Digital Innovation

RAK DAO Freezone is the UAE’s leading hub for Web3 and blockchain enterprises. This Digital Assets Oasis Free Zone offers an ideal location for businesses engaged in digital assets, metaverse technologies, and cutting-edge financial innovations.

The cost of a RAK DAO license varies based on your specific needs and chosen business structure. Established companies will have higher setup costs than freelancers, as they require more comprehensive packages, including visas and office spaces.

Types of Business Licenses in RAK DAO Freezone

RAK DAO Freezone provides a range of business license options tailored to different business models in the digital asset industry. Whether you’re launching a startup or expanding an established enterprise, you’ll find a license that aligns with your business needs.

Freelancer Permit

The freelancer permit is perfect for independent professionals and solopreneurs in the digital asset sector. This license offers a flexible workspace and a residency visa, enabling individuals to work as self-employed contractors. It supports specialized services such as blockchain development, crypto consulting, and NFT creation.

Digital Nomad Licence

The digital nomad licence is ideal for remote workers and entrepreneurs. It provides a UAE address within the RAK DAO Free Zone and includes a virtual office as part of the package. This setup is perfect for individuals who operate online and serve global markets.

Standard Company

A standard company licence suits businesses of all sizes, from startups to large corporations. It provides all essential requirements to operate in the UAE, including a licence, visa, E-channel registration, and other facilities. This option is ideal for companies seeking to establish a strong local presence.

Proprietary Trading Licence

A proprietary trading licence is perfect for businesses requiring multiple visas. It allows up to 8 visas and includes a shared office within the RAK DAO Free Zone. Multi-year licences come with discounted rates, making it a cost-effective choice for businesses operating in the UAE.

Required Documents

Below is the list of documents needed to register a company in RAKEZ Free Zone:

Individual Shareholder
  • Passport Copies: Required for all shareholders and directors.
  • Business Plan: A detailed outline of your digital asset activities.
  • Proof of Address: Mandatory for all involved parties.
  • Bank Reference Letter: Needed if applicable.
  • Personal Information Sheet/Application Form: To provide essential details.
  • Three Name Choices: Submit three preferred company names for approval.
  • Company Trade License / Certificate of Incorporation – Official proof of company registration.
  • Memorandum of Association (MOA) – Defines company structure and regulations.
  • Board Resolution – For company setup and appointment of an authorized signatory.
  • UBO List – Details of Ultimate Beneficial Owners.
  • Incumbency Certificate – Confirms the company’s current standing.
  • Three Name Choices – Submit preferred company names for approval.
  • Passport Copy of Company Manager – Identification proof.
  • Visa Copy of Company Manager – If applicable.
  • Emirates ID of Company Manager – Required for UAE residents.

Note: The document requirements may vary based on the chosen license activity and the regulations set by the RAK DAO authority.

Submit your application and obtain initial approval.

Make the payment and receive your license along with registration documents.

Submit your application for the Immigration Card and Establishment Card.

Process visas and Emirates ID

Get your residency visa issued.

Process to Set Up a Business in RAK DAO - UAE Freezone

Steps for RAK DAO Company Formation

BigBiz Consultants makes establishing a company in RAK DAO hassle-free. Follow these steps for a seamless setup:

Initial Consultation

Schedule an initial consultation with our RAK DAO specialists once you have a business concept that aligns with the DAO framework. During this session, we will discuss your business model, objectives, and specific requirements. Our experts will assist you in choosing the most suitable license type and package.

Name Reservation

This is a vital step, as your business name represents your company’s identity in RAK DAO. Our team will help you select a name that aligns with your brand while ensuring compliance with UAE naming regulations.

Document Preparation

BigBiz Consultants will provide a comprehensive checklist of required documents, including passports, business plans, and corporate records (if applicable). Our experts will carefully review your paperwork to ensure accuracy and compliance with RAK DAO’s specific requirements.

4. Licence Application

BigBiz Consultants will simplify your application process by gathering all required documents. We thoroughly review everything for accuracy before submitting your application to the RAK DAO authority. Our team ensures a smooth process by coordinating efficiently with the relevant authorities.

Approval and Payment

Once your application receives initial approval, we will immediately inform you and assist you with the payment process. BigBiz Consultants ensures that all required fees are paid accurately and on time. After completion, we will secure your company license and registration documents while verifying all details for accuracy.

Office Space

BigBiz Consultants will offer a detailed checklist of required documents, including passports, business plans, and corporate records (if applicable). Our experts will thoroughly review your paperwork to ensure there are no errors and that all documents comply with RAK DAO’s specific requirements.

Visa Processing

BigBiz Consultants will provide a comprehensive checklist of required documents, including passports, business plans, and corporate documents (if applicable). Our experts will meticulously review your paperwork to ensure accuracy and compliance with RAK DAO’s specific requirements.

Bank Account Opening

Collect essential documents such as your business license, company card, lease agreement, and any other necessary paperwork. Once these are in place, you can legally commence operations and serve customers. This final step is crucial for ensuring a successful and compliant business setup.

Operational Setup

BigBiz Consultants will support you in establishing your digital infrastructure and provide guidance on local business practices. If needed, we will also assist with initial recruitment and ensure that your RAK DAO company setup fully complies with free zone regulations.

Why Choose BigBiz Consultants for Your RAK Digital Assets Oasis Freezone Business Setup?

Opt for BigBiz Consultants for your RAK DAO free zone company formation and benefit from exceptional support. Our team of experts specializes in assisting virtual asset entrepreneurs in launching their businesses in RAK DAO seamlessly and efficiently.

Still unsure about your decision?

Expertise in Web3 and Blockchain

BigBiz Consultants’ specialists understand the specific requirements of Web3 and blockchain businesses. We provide tailored RAK DAO solutions designed for startups, established crypto firms, and digital asset innovators.

Blockchain-Friendly Environment

BigBiz Consultants takes full advantage of RAK DAO’s crypto-friendly policies to benefit your business. From facilitating crypto payments to connecting you with blockchain-savvy banks, we ensure a smooth and efficient operational setup.

Regulatory Compliance Assurance

With our in-depth expertise in RAK DAO regulations and UAE virtual asset laws, BigBiz Consultants ensures your business remains fully compliant. We guide you through the ever-evolving crypto regulations, helping you mitigate risks and seize opportunities in this dynamic industry.

FAQS

Dubai Mainland Business Formation

What Types of Businesses Are Ideal for RAK DAO?
RAK DAO is an excellent choice for businesses in the digital asset sector, including blockchain companies, cryptocurrency exchanges, NFT platforms, and Web3 startups. It is specifically designed to foster innovation in emerging technologies.
The company setup process in RAK DAO is efficient, usually taking 7-10 working days to obtain a license after submission. However, the timeline may vary depending on the complexity of your business and visa requirements.
Yes, RAK DAO allows businesses to operate remotely. However, maintaining a registered office address within the free zone is mandatory. BigBiz Consultants can assist with virtual office solutions to ensure compliance with this requirement.
Yes, RAK DAO is one of the few free zones in the UAE that accepts cryptocurrency payments for specific fees and services. This aligns with its commitment to supporting digital asset businesses.
RAK DAO stands out due to its dedicated focus on digital assets and Web3 technologies. It provides specialized licenses, a supportive ecosystem, and regulatory frameworks designed to foster innovation, making it an ideal choice for digital businesses.