RAK DAO Free Zone
RAK DAO offers your digital asset business a strategic platform for innovation and growth. Avyanco expertly guides you through establishing your venture in this innovative UAE free zone, tailored for Web3, blockchain, and digital asset businesses.
- 100% Ownership
- Company Formation in 5-10 days
- Bank Account Opening Assistance
- 0% Income Tax
- 0% Withholding Tax
Benefits of Company registration in RAK DAO Freezone
Discover the advantages of obtaining a RAK DAO Company Licence –
- 100% foreign ownership: allowed for international entrepreneurs
- 0% personal income tax and very low corporate tax: for maximum profitability
- Strategic location: with close access to major international airports
- Specialised ecosystem: for Web3, blockchain, and digital assets
- Crypto Payments: are enabled and RAK DAO is the only Free Zone providing that accepts cryptocurrency payments
- Residency Visa: for company owners and employees
RAK Digital Assets Oasis Features
RAK DAO free zone company formation features include:
Access to various funding opportunities for growth
Supportive business culture and a hospitable environment
Support in obtaining residence visas
Close access to major international airports and seaports
Guidance on leveraging tax benefits
Stable political environment and security
RAK DAO Freezone Company Formation Packages
Ready to start a business in RAK DAO? Avyanco offers tailored packages to suit your needs, whether you’re a freelancer, digital nomad, or an established company. Our RAK DAO experts will guide you through choosing the right package for your digital asset venture.
RAK DAO Freezone
RAK DAO Freezone is the UAE’s premier destination for Web3 and blockchain businesses. This Digital Assets Oasis Free Zone provides a preferable location for companies involved in digital assets, metaverse technologies, and the latest financial innovations.
The RAK DAO licence cost depends on your requirements and the business structure you choose. For established businesses, the RAK DAO company setup cost would be higher as compared to a freelancer permit as they require comprehensive packages that include visas and office facilities.
Types of Business Licences in RAK DAO Freezone
RAK DAO Freezone offers multiple business licence options to cater to various business models in the digital asset space. Whether you’re a startup or an established firm, there will be a perfect fit for your venture.
Freelancer Permit
A freelancer permit is ideal for freelancers and solopreneurs in the digital asset space. This licence provides a flexible workspace as well as a residency visa. With a freelancer permit, individuals can operate as self-employed contractors, offering specialised services like blockchain development, crypto consulting, or NFT creation.
Digital Nomad Licence
This licence is perfect for remote workers and business owners. It includes a UAE address in the RAK DAO Free Zone and a virtual office is also part of the package. This setup is best suited for those who work online and target international markets.
Standard Company
A standard company licence is ideal for companies of all sizes, from startups to corporations. It includes everything you need to operate in the UAE – a licence, visa, E-channel registration and other facilities. It is suitable for those looking to establish a local presence.
Proprietary Trading Licence
A proprietary licence is ideal if you need to obtain multiple visas. It allows you to have up to 8 visas with a shared office provided in the RAK DAO Free Zone. Multi-year licences come with discounts, making it ideal for business activities within the UAE.
Premium Licence
It is a perfect licence designed for tech startups and Web3, blockchain, or online gaming companies. The Premium licence includes a dedicated office, making it a top-tier package for these industries. However, you can only include one activity in a premium licence.
Various Business Entity Options in RAK DAO Freezone
Free Zone Company (FZCO)
FZCO is the most common structure in RAK DAO and is suitable for most digital asset businesses. FZCOs enjoy full foreign ownership and can have multiple shareholders.
Branch Office
A branch office is a good option for established international companies looking to expand into the UAE. It allows you to conduct business under the parent company's name.
Required Documents
Initiating your RAK DAO free zone company formation is straightforward and requires the following key documents:
Individual Shareholder
- Passport copies of shareholders and directors
- Business plan outlining your digital asset activities
- Proof of address for all parties involved
- Bank reference letter (if applicable)
- Personal Information Sheet or Application Form
- 3 Name Choices
Corporate Shareholder
- Company Trade License / Certificate of Incorporation
- Memorandum of Association
- Board of Resolution for Company Setup and Appointment of Authorized Signatory
- UBO List
- Incumbency Certificate
- 3 Name Choices
- Passport copies of shareholders and directors
- Visa copy of Company Manager
- Emirates ID of Company Manager
Note* The list of document requirements is subject to change as per the desired license activity and RAK DAO authority.
Timeline
The RAK DAO free zone company formation process is efficient and can be completed in just a few steps:
- Day 1: Submit the application and receive initial approval
- Day 6: Pay fees and receive licence and registration documents
- Day 8: Apply for immigration card and establishment card
- Day 12: Process visas and Emirates ID
- Day 18: Obtain Residency Visa
Steps for RAK DAO Company Formation
Avyanco simplifies the process of starting a company in RAK DAO. Follow these steps for a smooth setup:
Take Initial Consultation
Once you have a product that fits the DAO landscape, the next recommended step is to book a meeting with our RAK DAO specialists. We will discuss your business model, goals, and needs. Our experts will guide you in selecting the best licence type and package.
Name Reservation
This is a crucial step as your brand name reflects the identity of your company in RAK DAO. Our team will assist you in choosing a name that not only reflects your brand but also complies with UAE naming conventions.
Document Preparation
Avyanco will provide a detailed checklist of required documents, including passports, business plans, and corporate documents, if applicable. Our experts will review your paperwork to ensure there are no errors and that all your documents meet RAK DAO’s specific requirements.
Licence Application
Avyanco will assist you in streamlining your application process by compiling all necessary documents. We double-check everything for accuracy and submit your application to the RAK DAO authority. Our team will ensure your application moves smoothly through the system by coordinating with authorities.
Approval and Payment
Once your application receives initial approval, we’ll promptly notify you and guide you through the payment process. Avyanco will ensure all necessary fees are paid correctly and on time. Upon completion, we’ll obtain your company licence and registration documents and verify all the details.
Office Space
Whether you need a cost-effective flexi desk or a dedicated office, avyanco will present the best options to you. We will handle negotiations, paperwork, and setup to ensure your chosen space is ideal for your business while meeting all regulatory requirements.
Visa Processing
As the RAK DAO Free Zone business consultants, we ensure a simplified visa process for you. Avyanco will manage the entire procedure, from the initial application to the final stamp. We will schedule medical tests and handle biometric registration to ensure all requirements are met for you and your employees.
Bank Account Opening
Gather your vital documents like your business license, company card, lease agreement, and any other documents. Once you have these, you can start your business legally and serve customers. This final step is vital for a successful and lawful business.
Operational Setup
Avyanco will assist in setting up your digital infrastructure and offer advice on local business practices. We will also help with initial recruitment if needed and make sure that your RAK DAO company setup fully complies with free zone regulations.
RAK DAO
“The Free Zone of the future for companies of the future”
As the first and only common law free zone for digital and virtual assets companies, RAK DAO provides a straightforward legal framework. It simplifies business setup while offering specialised licences for virtual assets. Although regulated activities like exchanges and brokers are excluded, this free zone has created specialised licenced activities for digital and virtual assets companies.
Why Avyanco for Your RAK Digital Assets Oasis Freezone Business Setup?
Choose Avyanco for your RAK DAO free zone company formation and experience unparalleled support. Our team of experts specialises in helping virtual asset entrepreneurs start a business in RAK DAO with ease and efficiency.
- Comprehensive knowledge of RAK DAO regulations and processes
- End-to-end support from initial consultation to operational setup
- Strong relationships with local authorities and banking partners
- Tailored solutions for businesses of all sizes in the digital asset space
Still not sure is RAK DAO the best choice for your virtual asset business or not?
Experience with Web3 and Blockchain
Avyanco's experts understand the unique needs of Web3 and blockchain businesses. We offer customised RAK DAO solutions to fit startups, established crypto firms, and digital asset innovators.
Blockchain-Friendly Environment
We leverage RAK DAO's cryptocurrency-friendly policies to your advantage. From accepting crypto payments to connecting you with blockchain-savvy banks, Avyanco ensures you operate seamlessly.
Regulatory Compliance Assurance
Our deep knowledge of RAK DAO regulations and UAE virtual asset laws keeps your business compliant. We guide you through the evolving crypto regulations to help you minimise risks and maximise opportunities in this innovative sector.
Meet Our Specialists
Our skilled experts bring industry know-how. They have vast experience and a united focus on your success. When you work with us, you’re making your business goals real with our support every step of the way.
Chandy
Sales Director
Dhiren
Senior Corporate Advisor
Astha
Senior Corporate Advisor
Tanya
Senior Corporate Advisor
Maissa
Senior Corporate Advisor
Ruth
Corporate Advisor
Jessica
Corporate Advisor
Ashish
Corporate Advisor
Tanvi
Corporate Advisor
Hadeer Ibrahim
Corporate Advisor
Success Stories
Don't just take our word for it. Hear from entrepreneurs who have successfully established their businesses in Dubai. Learn from their experiences and gain insights into the possibilities that await you.
Nico Razon
Negar Haghshenas
Anurag Malhotra
Sun
Muhammad Hafiz
tulasibabu kamepall
jinesh mehta
I had an excellent experience with this business consultation company. Their team is highly knowledgeable, professional, and genuinely committed to understanding client needs. They provided clear guidance, practical strategies, and valuable insights that helped me make confident business decisions. I highly recommend their services to anyone looking for reliable and result-oriented business consulting.
Ahmad Bilal
I had a great experience working with Avyanco Group for setting up my business in Dubai. The entire process was handled smoothly and professionally from start to finish.
A special thanks to Tanya, who was incredibly helpful, responsive, and clear at every step. She made what could have been a complicated process feel straightforward and stress-free.
I truly appreciated the transparency, guidance, and support provided throughout. I would highly recommend Avyanco Group to anyone looking for reliable and professional business setup services in the UAE.
Nasreen Shaikh Mehboob
I had an excellent experience with Avyanco while setting up my business license and completing the visa process. Their team was highly professional, knowledgeable, and supportive throughout the entire journey. From the initial consultation to the final approvals, everything was handled smoothly and efficiently.
I truly appreciate their responsiveness, transparency, and attention to detail. I would highly recommend Avyanco to anyone looking to start a business or process visas without complications.
What types of businesses are ideal for RAK DAO?
RAK DAO is perfect for businesses in the digital asset space, including blockchain companies, cryptocurrency exchanges, NFT platforms, and Web3 startups. It is designed to support innovation in emerging technologies.
How long does it take to set up a company in RAK DAO?
The setup process in RAK DAO is efficient, typically taking 7-10 working days to get a licence since you applied. However, duration may vary in some instances depending on the complexity of your business and visa requirements.
Can I operate my RAK DAO company from outside the UAE?
Yes, RAK DAO offers flexibility for remote operations. However, maintaining a registered office address within the free zone is required. Avyanco can assist with virtual office solutions to meet this requirement.
Is it possible to make payments using cryptocurrency in RAK DAO?
Yes, RAK DAO is one of the few free zones in the UAE that accepts cryptocurrency payments for certain fees and services. This aligns with its focus on supporting digital asset businesses.
How does RAK DAO compare to other UAE free zones for digital businesses?
RAK DAO stands out for its specific focus on digital assets and Web3 technologies. It offers tailored licences, a supportive ecosystem, and regulations designed to favour innovative sectors, making it an ideal choice for digital businesses.
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