Are you a virtual assets company looking for a dedicated ecosystem to nurture your innovation and growth? Look no further! RAK Digital Assets Oasis (RAK DAO) is the world’s first purpose-built Free Zone designed exclusively for next-gen innovators in the virtual assets space. Located in the Emirate of Ras Al Khaimah, just a short 45-minute drive from Dubai, RAK DAO offers a vibrant and supportive environment for your web3 company to thrive.

So, what exactly does RAK DAO have to offer? Let’s dive into the exciting features and benefits that await you in this digital haven.

  1. Tailored Licenses for Web3 Companies.

RAK DAO provides a range of licenses tailored specifically for companies operating in the web3 and non-regulated digital assets sectors. Whether you’re a freelance professional, a remote company, or a standard company, there’s a license option to suit your needs.

  • Standard Company: Establish your new company, branch, or subsidiary within the RAK DAO Free Zone and become part of an ecosystem that fosters innovation, collaboration, and growth.
  • Freelance Permit: Obtain your Freelance Permit and kickstart your virtual assets journey. RAK DAO makes it easy for you to set up and operate as a freelance professional, granting you the freedom to get a UAE residence and work on your terms.
  • Remote Company: Embrace the flexibility of operating your RAK DAO Remote Company from anywhere in the world. Break free from geographical limitations and explore new horizons for your web3 venture.
  1. The Diverse Business Activities at RAK DAO.

RAK DAO is not just an ordinary Free Zone – it’s a thriving hub for web3 companies, offering a wide array of business activities tailored to the needs of virtual assets innovators. Whether you’re involved in NFTs, DAOs, VR & AR, or any other exciting field within the web3 ecosystem, RAK DAO has something for you. Let’s explore the extensive range of activities available:

  • NFT.
  • DAO.
  • VR & AR
  • Metaverse.
  • Web3 Incubators.
  • Web3 Accelerators.
  • Web3 Venture Studio.
  • Proprietary Trading.
  • Artificial Intelligence.
  • Digital Assets Mining.
  • Data Entry Services.
  • Web3 Consultancy & Services.
  • Gaming, E-Gaming & GameFI.
  • Digital Creator Marketplace Services.
  • Blockchain Development, DLT Services & Software.
  • Programming and Software Development.
  • Computer Systems and Network Consultancy.
  • Consulting and Management Services.
  • Customer Support Services.
  • SocialFi Projects.
  • Accounting.
  • Cybersecurity and Cyber Risk Management.
  • Design and Creative Services.
  • Education and Training.
  • Employment Services.
  • Event and Exhibition Organizing.
  • Holding Company.
  • Information Service Activities.
  • Infrastructure Development.
  • Media and Content Production.
  • Social.
  • Social Media and Marketing.
  • Web E-Commerce.
  1. Seamless License Application Process.

RAK DAO understands the value of your time and strives to provide a hassle-free experience when it comes to obtaining a UAE Free Zone license. With a user-friendly online portal available 24/7, you can easily apply for a license at your convenience. The process is streamlined, efficient, and designed to get you up and running in no time.

  1. Assistance with Bank Account Opening.

RAK DAO recognizes the importance of banking services for businesses, and they have established relationships with key banking partners to help you secure a local fiat bank account. Although opening a local bank account is not mandatory, RAK DAO can assist you in navigating the process and connecting you with the right banking partner for your needs.

  1. Requirements for Registering a Web3 Company.

To register your web3 company with RAK DAO, the requirements vary depending on whether you are a corporate entity or an individual. Here’s a quick overview:

  1. Corporate Requirements:
  • Certificate of Registration.
  • Board/shareholder’s resolution.
  • Valid trade license (if applicable).
  • Ultimate Beneficial Owner (UBO) Declaration.
  • Memorandum and Articles of Association or equivalent.
  • Incumbency Certificate or equivalent (issued within the last 3 months).
  • Certificate of Good Standing/Extract Commercial Register (if applicable).
  1. Individual Requirements:
  • Business Plan.
  • Valid Passport Copy.
  • Power of Attorney (if applicable).
  • Copy of Emirates ID (if applicable).
  • Source of funds (may be requested during application processing).
  • Copy of Residency Visa (for UAE residents) or entry stamp and signature pages.
  1. Areas of Focus and Web3 Specializations.

RAK DAO caters to a wide range of businesses specializing in the web3 and non-regulated digital assets sectors. The following areas are among the key focuses and specializations within the RAK DAO ecosystem:

  • Metaverse: Join the exciting world of virtual reality and immersive experiences.
  • Blockchain: Explore the transformative potential of blockchain technology.
  • Gaming: Create innovative and interactive gaming experiences using virtual assets.
  • NFTs: Tap into the booming market of non-fungible tokens and digital collectibles.
  • DAOs: Engage in decentralized autonomous organizations and participate in collaborative decision-making.
  • DApps: Develop decentralized applications that leverage blockchain technology.
  • Artificial Intelligence: Combine the power of AI with virtual assets to drive innovation.
  • Web3-related activities: Engage in various aspects of the web3 ecosystem, including decentralized finance (DeFi), decentralized exchanges (DEXs), and more.
  • Web3 supporting activities: Provide services and solutions that support the infrastructure and growth of the web3 ecosystem, such as cybersecurity, consulting, marketing, and legal services.
  1. Why Choose RAK Digital Assets Oasis?

RAK DAO offers a unique blend of advantages that make it an attractive destination for web3 companies:

  • Robust Regulatory Framework: Benefit from a transparent and robust regulatory framework specifically tailored to the needs of virtual assets companies. RAK DAO strikes the right balance between regulation and enablement, providing a secure and conducive environment for innovation.
  • Flexible and Dynamic Workspaces: Enjoy flexible and dynamic hybrid workspaces that adapt to your evolving needs. Whether you prefer a traditional office setup or embrace remote work, RAK DAO offers a range of options to suit your preferences.
  • Strategic Partnerships: Gain access to tier 1 blockchain protocols and venture capital funds, opening doors to potential collaborations, funding opportunities, and strategic alliances that can fuel the growth of your web3 venture.
  • Advisory and Professional Services: Leverage the expertise of RAK DAO’s network of professionals who specialize in supporting virtual assets companies. From legal and financial advice to marketing and technical support, you’ll find the guidance you need to navigate the complexities of the digital assets industry.
  1. Join the Web3 Revolution at RAK Digital Assets Oasis.

If you’re a virtual assets company seeking a supportive and innovative ecosystem, RAK Digital Assets Oasis is the place for you. As the world’s first purpose-built Free Zone for next-gen innovators, RAK DAO offers a range of licenses, streamlined processes, bank account assistance, and a focus on the key sectors driving the web3 revolution.

Embrace the freedom to imagine, create, execute, and thrive within a robust and transparent regulatory environment. Join the RAK DAO community of professionals and unlock the full potential of your virtual assets company. Apply for a license today and embark on an exciting journey of innovation and growth in the heart of the UAE.

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