DET: 6201001 Low Risk
Software Development & IT Services
Flexi-Desk eligible
RAK Digital Assets Oasis (RAK DAO)
RAK Digital Assets Oasis (RAK DAO) is the world’s first common-law-inspired dedicated free zone for non-regulated and emerging Web3, blockchain, DAO, and AI enterprises.
✓ 3–6 day license turnaround✓ Digital Bank 98% Approval✓ No Annual Audit
1. Key Freezone Specifications
- Licensing Authority
- RAK Digital Assets Oasis (RAK DAO) (RAKDAO)
- Emirate
- RAS_AL_KHAIMAH
- License Issuance Timeline
- 3–6 working days
- Residence Visa Timeline
- 7–14 working days
- Virtual Desk / Flexi-Desk
- Available (no lease required)
- Office Threshold
- Required only for 4+ visas
- Warehouses & Industrial Units
- Commercial & desk only
- Paid-Up Share Capital
- Not required on bank deposit (0 AED)
- Annual Audit Requirement
- Exempt / Not required
- Physical Presence Required
- 100% remote company incorporation. 1-day UAE visit required only for Emirates ID biometrics.
2. Cost Breakdown & Tariffs
No Hidden Fees| Cost Item | Purpose | Official Fee |
|---|---|---|
| Company Trade License | Corporate registration & 1-year Flexi desk lease | 14,500 AED |
| Establishment Card (Immigration Card) | Company immigration file registration with GDRFA/ICP for visas | 1,900 AED |
| Residence Visa (Entry Permit + Visa Stamping) | UAE 2-year residence visa government quota & approval | ~3,500 AED / visa |
| VIP Medical & Emirates ID | VIP Medical fitness test + Emirates ID card issuance (2 yrs) | ~1,200 AED / person |
Turnkey Package Estimates:
0 Visas
14,500 AED
Pure license for tax residency or remote contracts
1 Investor Visa
21,100 AED
License + Est. Card + 1 Visa + VIP Medical & EID
2 Residence Visas
25,800 AED
For 2 partners or founder + key employee
3. Banking Assessment & Onboarding
Digital Banking (Digital Bank) 98% Approval
Tier 2: Standard digital compliance review
- • Timeline: opened in 3–7 working days
- • Multi-currency accounts (AED, USD, EUR, GBP) with zero minimum balance
- • Automated KYC verification via official freezone API
Traditional Tier-1 UAE Banks Medium Rating
Emirates NBD, Mashreq, FAB, ADCB
- • Opening timeline: from 1 weeks
- • Requires personal banker meeting and proof of residential address
- • Typical average balance requirement: 25,000–50,000 AED
4. Pros & Considerations
✓ Key Advantages
- • The world’s first free zone solely dedicated to digital and virtual asset companies
- • Purpose-built legislation for Web3, blockchain, DAOs, NFTs, and metaverse enterprises
- • Direct remote company incorporation with specialized crypto and AI advisory
- • No mandatory paid-up capital deposit or annual audit for early-stage ventures
! Important Considerations
- • High-risk regulatory category requires thorough AML/CFT documentation for corporate bank accounts
- • Focused specifically on non-custodial and virtual asset activities
5. Compatible Activities
Top business activities approved for licensing under RAK Digital Assets Oasis (RAK DAO)
DET: 6419003 High Risk
Crypto & Digital Assets
Flexi-Desk eligible
Looking for another activity? RAK Digital Assets Oasis (RAK DAO) supports over 2,000 commercial and professional activities from the official DET classification. Contact us via WhatsApp for a tailored activity code confirmation.
Ready to incorporate in RAK Digital Assets Oasis (RAK DAO)?
Get an accurate fee breakdown including all state levies and a bank onboarding checklist within 3 minutes.