Crypto & Digital Assets License in RAK Digital Assets Oasis (RAK DAO)
Setting up a **Crypto & Digital Assets** business in **RAK Digital Assets Oasis (RAK DAO)** provides full access to international banking and UAE tax advantages. This Ras Al Khaimah jurisdiction supports 100% foreign ownership and customs duty exemptions under freezone regulations.
Setting up a Crypto & Digital Assets business in RAK Digital Assets Oasis (RAK DAO) provides full access to international banking and UAE tax advantages. This Ras Al Khaimah jurisdiction supports 100% foreign ownership and customs duty exemptions under freezone regulations.
1. Regulatory Requirements & Licensing Framework
External Regulatory NOC Required
Conducting "Crypto & Digital Assets" requires external regulatory consent (NOC) from (VARA, RAK DAO, FSRA, DFSA). Timelines apply upon receiving official sign-off.
2. Jurisdiction Specifications
| Criterion | RAK Digital Assets Oasis (RAK DAO) |
|---|---|
| Jurisdiction Type | FREEZONE |
| License Turnaround | 3–6 working days |
| Physical Office | Flexi-Desk (dedicated office not required) |
| Visa Allocation | Up to 4 visas |
| Annual Audit | Not required |
| Digital Bank Onboarding | Express digital track (3–7 days) |
| Starting Base Tariff | from 14,500 AED |
3. Setup Roadmap & Timeline
License Issuance
3–6 daysDocument submission and digital license issuance. Timeline: 3–6 working days.
Establishment Card
2–3 daysEstablishment Card registration via immigration portal to unlock visa allocations.
Medical & Emirates ID
4–6 daysVIP medical examination and biometric capture for Emirates ID residency card.
Corporate Bank Account
3–7 daysCorporate banking account activation via Digital Bank flow or Tier-1 bank.
4. Frequently Asked Questions
Is a physical office mandatory for a "Crypto & Digital Assets" license in RAK Digital Assets Oasis (RAK DAO)? ▼
No. Businesses operating under "Crypto & Digital Assets" in RAK Digital Assets Oasis (RAK DAO) can utilize virtual desks or flexi-desk arrangements without a dedicated physical office.
Can I open a digital corporate bank account for a "Crypto & Digital Assets" license in RAK Digital Assets Oasis (RAK DAO)? ▼
Yes. RAK Digital Assets Oasis (RAK DAO) licenses for "Crypto & Digital Assets" maintain high approval rates across UAE digital business banks. Remote onboarding takes 3–7 business days after Emirates ID issuance.
How many residence visas can be issued under a RAK Digital Assets Oasis (RAK DAO) license? ▼
Standard license tiers in RAK Digital Assets Oasis (RAK DAO) support from 0 up to 4 residence visas for shareholders and employees without requiring a physical office. Higher quotas are available with dedicated office space upgrades.
Which UAE regulators approve "Crypto & Digital Assets" licensing? ▼
This activity requires regulatory sign-off from designated UAE authorities (VARA, RAK DAO, FSRA, DFSA). Approvals are coordinated alongside the corporate registration process.
Do I need to travel to the UAE to set up a company in RAK Digital Assets Oasis (RAK DAO)? ▼
License registration and document preparation in RAK Digital Assets Oasis (RAK DAO) are fully remote - only a passport scan is required. A physical visit to the UAE is necessary for the residence visa stage: medical test and Emirates ID biometrics (4–6 working days).
Alternative Jurisdictions for Crypto & Digital Assets
5 zonesDubai Multi Commodities Centre (DMCC)
7–12 days · from 32,000 AED
Dubai International Financial Centre (DIFC)
14–25 days · from 45,000 AED
Dubai World Trade Centre Free Zone (DWTC)
4–7 days · from 23,500 AED
Abu Dhabi Global Market (ADGM)
12–20 days · from 42,000 AED
Dubai Mainland (DET)
1–3 days · from 18,500 AED