RAK DAO: company setup
Innovation City (formerly RAK Digital Assets Oasis)
Updated on 29 October 2026 · Published under the responsibility of Jason Pivron, director · Who we are
Why this zone
The world's first free zone entirely dedicated to digital asset businesses, including decentralised organisational forms no other registry accepts.
What to watch for
Obtaining the licence is one thing; obtaining a bank account is another. In this sector we tell you at the diagnostic stage whether your profile is bankable — and often the answer is no.
Fee breakdown
All-inclusive package, official fees included: registration, first-year licence, establishment card and the minimum office the zone requires; visas are not included. Then €3,187 a year to renew the licence and the minimum office.
Suited activities
- Digital assets
- Web3 and decentralised organisations
- Blockchain
- Tokens and protocols
Banking
Difficult. The digital asset sector remains poorly received by traditional banks.
Setting up in RAK DAO: the steps
- Scoping and choice of zone
- Name reservation and initial approval
- Licence issue
- Visa and identity
- Tax and bank account
Steps from our catalogue for the United Arab Emirates, recorded on 21 September 2026. Details and documents to provide →
RAK DAO: what is specific to it
- RAK DAO was renamed Innovation City in September 2025, by decision of the Ras Al Khaimah government: digital assets, AI, gaming, robotics and digital health. Source: rakmediaoffice.ae
Where these figures come from
- Emirate (Ras Al Khaimah): rakmediaoffice.ae
- Office, visas and setup time: our catalogue, recorded on 21 September 2026; to be checked with the zone.
- Banking: our assessment, not an authority's data.
RAK DAO free zone: frequently asked questions
How much does a RAK DAO licence cost?
From €3,187. All-inclusive package, official fees included: registration, first-year licence, establishment card and the minimum office the zone requires; visas are not included. Then €3,187 a year to renew the licence and the minimum office.
How long does company setup in RAK DAO take?
2 to 4 weeks (our catalogue, to be checked with the zone).
Which emirate is RAK DAO in?
Ras Al Khaimah — Innovation City (formerly RAK Digital Assets Oasis).
What office does a RAK DAO company need?
Depends on the activity (our catalogue, to be checked with the zone).
How many visas with a RAK DAO company?
Depends on the package (our catalogue, to be checked with the zone).
Can a RAK DAO company open a bank account?
Difficult. The digital asset sector remains poorly received by traditional banks. No account can be guaranteed.
Which activities are allowed in RAK DAO?
Digital assets · Web3 and decentralised organisations · Blockchain · Tokens and protocols.
What should I watch out for in RAK DAO?
Obtaining the licence is one thing; obtaining a bank account is another. In this sector we tell you at the diagnostic stage whether your profile is bankable — and often the answer is no.