Ras Al Khaimah Digital Assets Oasis (RAK DAO) - Business Setup
- 100% foreign ownership
- 100% repatriation of capital and profits
- Investors can open bank accounts locally and internationally for standard companies
- Investors can open bank accounts locally and internationally for remote companies
- Complete confidentiality
About Ras Al Khaimah Digital Assets Oasis (RAK DAO)
Located in the vibrant hub of Ras Al Khaimah, UAE, Ras Al Khaimah Digital Assets Oasis (RAK DAO) stands as the world's pioneering purpose-built Free Zone tailored for next-gen innovators. Exclusively catering to non-regulated digital and virtual assets enterprises driving advancements in emerging sectors, RAK DAO is at the forefront of innovation. It serves as the authoritative body responsible for granting licenses within the RAK UAE Free Zone.
RAK DAO Free Zone offers a unique environment, meticulously balancing regulation and enablement, fostering a space where innovation thrives. Entrepreneurs of the future, this is your platform to transform visionary ideas into groundbreaking realities.
Company Formation in the UAE : Registration Process
5 Simple Steps are needed to Register a Company in the UAE
Contact Us for a Free Consultation
SFM Corporate Services provides complimentary UAE and Dubai company formation consultation to existing and potential clients.
Select your Company Type
We offer many company formation options here in the UAE for Onshore, Offshore and Free Zone companies.
Get a License Notification
Company formation application process begins once all necessary documents are acquired.
Start your Residency Process
Following your Dubai Company's registration, the authorities will process and stamp your residency permit.
Rapid Bank Account Opening
At SFM, we feel it’s vital that a company holds corporate onshore or offshore bank account.
Company Formation In RAK DAO Free Zone: Benefits & Characteristics
- Allowing to apply residency visas in the UAE
- Physical presence not necessary in the UAE to setup your company
- A Company shall be permitted to have one (1) or more shareholder and maximum of fifty (50) shareholders subject to the approval of the Registrar.
- External approvals are not included & subject to standard prices by the relevant authorities
Company Formation in RAK DAO Free Zone: Types of License
FREELANCE PERMIT
A permit that allows individuals to provide services on freelance basis without the need to incorporate a company.
A Freelance Permit grants permission for engaging in unregulated virtual asset activities, encompassing Metaverse, Blockchain, Gaming, NFTs, DApps, Artificial Intelligence, and Web3-related activities. Holders can obtain a UAE residence visa, enabling legal work in the UAE.
A Freelance Permit grants permission for engaging in unregulated virtual asset activities, encompassing Metaverse, Blockchain, Gaming, NFTs, DApps, Artificial Intelligence, and Web3-related activities. Holders can obtain a UAE residence visa, enabling legal work in the UAE.
REMOTE COMPANY
A legal entity formed by agreement of the shareholders to engage in and operate business without having physical presence in the free zone.
The Remote Company is designed for remote innovators wholly owned subsidiaries not a requiring a local bank account, providing them with an official entity status and a designated RAK DAO Address.
The Remote Company is designed for remote innovators wholly owned subsidiaries not a requiring a local bank account, providing them with an official entity status and a designated RAK DAO Address.
STANDARD COMPANY
The Standard Company facilitates the registration of entities as new companies, branches, or subsidiaries, offering a comprehensive framework for business establishment.
Why Choose SFM As Your Corporate Provider?
We prioritize confidentiality and data protection to ensure the safety of your sensitive information. We offer competitive pricing
to provide cost-effective solutions for your business needs. SFM has a high client satisfaction rate, which is a testament to our commitment to excellent service.
Additionally, we have a team of experts with extensive knowledge and experience, business experts and an international group of companies who are members of
leading associations. SFM also has a strong executive team that conducts business with integrity and due diligence, guaranteeing the best possible outcome
for your company.
Documents Required
for a free zone company formation
Colored passport copy, Colored entry stamp copy, Copy of tourist visa if applicable, Business Plan, Address proof in home country, shareholders CVs*Additional documents may be needed at any point during the incorporation process at the discretion of the license issuing authority
* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.
Our Client Reviews
Our Testimonials Are Verified By Feefo, A Third Party Company
Overall Rating
96%
Customer satisfaction rate, testimonials verified by Feefo.com
18-Dec-2024
Fast and reliable service. Account manager was responding fast and always to the spot.
Fast and reliable service. Account manager was responding fast and always to the spot.
07-Nov-2024
Mrs. Madina is great. REally helpful
Mrs. Madina is great. REally helpful
16-Oct-2024
Helpful, proactive and good communication and very fast delivery of the requested service. Excellent!
Helpful, proactive and good communication and very fast delivery of the requested service. Excellent!
26-Sep-2024
It was really a professional service
It was really a professional service
18-Sep-2024
Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM
Brilliant assistance, always swift and professional replies, generally speaking... happy with SFM
09-Aug-2024
I was particularly well received by Christelle, the Managing Partner of the Dubai branch. SFM demonstrated great agility in their quotation process, which was crucial as I was leading a nascent structure in Dubai. The support provided during the administrative procedures for establishing my company in the UAE, along with the responsiveness of the service—especially from one of their team members, Oksana—truly reassured me and gave me confidence during a stressful period of establishing a professional presence abroad. I highly recommend SFM to any professional looking to set up in the UAE or even just to benefit from their advice.
I was particularly well received by Christelle, the Managing Partner of the Dubai branch. SFM demonstrated great agility in their quotation process, which was crucial as I was leading a nascent structure in Dubai. The support provided during the administrative procedures for establishing my company in the UAE, along with the responsiveness of the service—especially from one of their team members, Oksana—truly reassured me and gave me confidence during a stressful period of establishing a professional presence abroad. I highly recommend SFM to any professional looking to set up in the UAE or even just to benefit from their advice.
Ras Al Khaimah Digital Assets Oasis (RAK DAO) Jurisdiction News
Ras Al Khaimah Digital Assets Oasis (RAK DAO): Pioneering Innovation in a Serene Emirate
26 October 2023
Ras Al Khaimah Digital Assets Oasis (RAK DAO) stands as a pioneering venture, marking its distinction as the world’s premier purpose-built Free Zone, specifically designed to nurture the next generation of innovators [..]
