Ras Al Khaimah Free Zones

RAK Digital Assets Oasis (RAK DAO)

RAK DAO is a Ras Al Khaimah free zone for non-financial digital asset and creative economy projects. Typical clean cases license in about 3-5 working days after KYC. Visas are available based on your facility (desk or office). Financial, exchange or custodial crypto activities usually require separate approvals in the UAE.

Popular activities

  • Software and smart contract development (soon)
  • NFT and digital collectibles platforms (non-custodial) (soon)
  • Gaming, metaverse content and virtual production (soon)
  • Advisory, education and non-regulated consulting (soon)
  • IP holding, licensing and royalty management (soon)

Related guides

  • dmcc (soon)
  • adgm (soon)
  • ifza (soon)
Can I run a crypto exchange in RAK DAO?

Exchange or custodial services are regulated; they usually require separate approvals in the UAE. RAK DAO focuses on non-financial, non-custodial digital asset activities.

Do I need to be in the UAE to incorporate?

Many profiles can be set up remotely. For visas, you must be present later for medical and Emirates ID.

Will banks open accounts for Web3?

Yes, with profile fit and transparent documentation. Choose banks comfortable with tech and platform revenues.

Can my company hold IP and license it globally?

Yes. RAK DAO structures can hold and license IP, subject to contracts and tax residence considerations.

How many visas can I get on a desk?

Visa quotas depend on package and facility type. Desks usually allow a limited number; offices support more.