How to Get a Web3 or Tech License in the UAE with RAK DAO: A Complete Guide

As the UAE rapidly advances as a global tech and innovation hub, obtaining a Web3 or tech license in one of its specialized free zones is a strategic move for startups and entrepreneurs. Among the leading jurisdictions, RAK DAO (Ras Al Khaimah Digital Assets Oasis) stands out as a dedicated free zone tailored for Web3, blockchain, and tech businesses. This guide will walk you through the essential steps to get your Web3 or tech license in the UAE with RAK DAO, helping you tap into the region's thriving digital economy.

Why Choose RAK DAO for Your Web3 or Tech License in the UAE?

RAK DAO is the UAE's first free zone exclusively focused on digital assets, blockchain, and emerging tech businesses. Here's why RAK DAO is becoming the go-to choice for Web3 startups and tech innovators:

• Dedicated Regulatory Framework: Tailored specifically for Web3, blockchain, AI, NFTs, and tech companies.
• Fast and Flexible Setup: Remote digital onboarding with multiple license options and no mandatory physical office space.
• Global Banking Access: Partnerships with banks and virtual asset service providers (VASPs) that support tech-related business accounts.
• Innovative Legal Structure: The first UAE jurisdiction offering a legal framework for DAOs (Decentralized Autonomous Organizations).
• Tax Benefits: Zero personal and corporate income tax, no capital gains tax, and 100% foreign ownership.

What Activities Does a RAK DAO Web3 or Tech License Cover?

A Web3 or tech license from RAK DAO enables a broad range of activities, including:

• Blockchain development and architecture
• NFT issuance and marketplace operations
• Virtual asset consultancy and Web3 ecosystem integration
• Digital wallet and custodial services
• Tokenization of real-world assets (RWAs)
• Decentralized finance (DeFi) platforms
• Tech payment gateway solutions

All activities adhere to stringent AML/CFT regulations, cybersecurity, and data protection standards.

Step-by-Step Process to Obtain a Web3 or Tech License with RAK DAO

Step 1: Select Your Business Activity

Choose your core activities from RAK DAO's approved list aligned with your Web3 or tech business model.

Step 2: Apply Online

Submit your digital application along with required documents, including:

• Passport copies of shareholders and directors
• Proof of address
• Business plan and pitch deck (for certain activities)
• UBO (Ultimate Beneficial Owner) declaration

Step 3: Undergo Pre-Approval & KYC Checks

RAK DAO will conduct due diligence to ensure compliance with UAE and international regulations.

Step 4: License Issuance

Once approved, receive your Web3 or tech license digitally and commence business operations.

Step 5: Open a Business Bank Account

Leverage RAK DAO's banking partnerships to open accounts tailored to tech and Web3 enterprises. Contact us for assistance with banking setup.

How Much Does a RAK DAO Web3 or Tech License Cost?

License fees vary based on business activity and structure, with packages starting for just AED 7,250. Customized licenses for advanced DeFi or custodial services may have variable costs depending on risk profile. RAK DAO ensures transparent pricing with no hidden fees for visas or digital onboarding. Contact us for detailed pricing information.

Frequently Asked Questions (FAQs)

Start Your Web3 or Tech Venture in the UAE with RAK DAO Today

Launching your Web3 or tech business in the UAE has never been easier. With its clear regulatory framework, tax incentives, and dedicated support for blockchain and tech innovations, RAK DAO offers a future-ready ecosystem to grow and scale your venture.

Contact experienced business consultants specializing in RAK DAO licensing to streamline your application and ensure full regulatory compliance from day one.