What is Ras Al Khaimah Digital Assets Oasis (RAK DAO)?
RAK Digital Assets Oasis (RAK DAO) is a dedicated Free Zone established to support and nurture digital assets companies innovating in new and emerging sectors of the future. Situated in the UAE Emirate of Ras Al Khaimah, RAK DAO offers a transparent legislative framework that simplifies the process of opening and operating virtual assets companies. By fostering a vibrant ecosystem and providing comprehensive services, RAK DAO drives the future of emerging sectors, propelling innovation, and unlocking the potential of digital assets. UAE's first Web3-focused free zone 'RAK DAO' launched in Ras Al Khaimah Entrepreneurs in the free zone will have complete business ownership and freedom over tax rules and other regulations but must adhere to UAE's criminal laws. On October 19, His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, inaugurated the RAK Digital Assets Oasis (RAK DAO), a new economic free zone for the development ...