The Ras AL Khaimah Digital Assets Oasis (“RAK DAO”), it is the UAE’s first and only Web3-focused Free Zone ecosystem, designed specifically by and for the digital assets sector.
RAK DAO collaborates across all verticals of the Web3 space, with a core aim of fostering innovation and delivering an exceptional client experience. It offers access to a comprehensive range of services, tools, and tailored solutions for businesses in this sector.
RAK DAO issues UAE Free Zone Trade Licenses to businesses specializing in non regulated virtual asset companies and other next generation ventures including:
Metaverse
Blockchain
Gaming
NFTs
Dapps
Artificial Intelligence
Web 3 related projects
Features include:
- 100% foreign ownership permitted
- Time efficient (The authority claims to be able to set up a DAO company/issue business licenses within 7 days of receiving a completed application)
- RAK DAO Companies can have a minimum of 1 Director and 1 Shareholder
- UAE Residency permits are available
- No need to travel to the UAE to incorporate (The incorporation/license application process is 100% online)
- Access to local banks: The RAK DAO Authority claims that they have established relationships with ley banking partners to ensure that any successful licensee is guaranteed a local Fiat currency bank account
OCI can assist you to incorporate your business in the RAK DAO Sector. To proceed with preparing a tailored proposal for your structure, you would need to furnish us (via email) with the following:
- KYC documents for all stakeholders
- A completed business plan (in the required format – Check this Link: https://www.dropbox.com/scl/fi/obu3vqn6b11fy2canrjw2/Questionnaire-RE-VA-Proprietary-Trading-License-V1.1.docx?rlkey=dbxhewctm3jeedjeujltntzvy&st=j7pxw0a1&dl=0 )
For more information check these files/brochures:
- A brief introduction to RAK DAO: https://www.dropbox.com/scl/fi/farmc881hxuul7ela5og9/RAK-DAO-INTRO.pdf?rlkey=f4pwg7at61lvamw94pd94k4a5&st=sqom9lv6&dl=0
- Standard company activity descriptions: https://www.dropbox.com/scl/fi/o1rocyfmzbi7tf471bj4n/Standard-Company-No-Descreption.pdf?rlkey=7l1t0w207jcrxwx2o6s5gbs6i&st=ygl27m7v&dl=0
- Business plan template: https://www.dropbox.com/scl/fi/dr81wkha2ga7h6r1ag9p5/BUSINESS-PLAN-V2.doc?rlkey=oggpdfjk42gh8z42hpjv4f380&st=ucr3zhcd&dl=0
Would you like to know more? Then please Contact Us:
info@offshorecompaniesinternational.com
DISCLAIMER: OCI is a Company/Trust/LLC/LP/Foundation Formation Agency. We are not tax advisers or legal advisers. You are advised to seek local legal/tax/financial advice in regards to your local reporting/tax requirements before committing to set up or use an Offshore Company or other entity.
