RAK DAO

• Innovativeness. RAK DAO is not afraid to include activities that are on the cutting edge of cutting edge technology. And if it doesn't already exist, the freezone is ready with new offerings.
• Responsiveness. Freezone managers respond quickly and informatively to questions that arise, which is the most important factor for stable operations after the project is launched in RAK DAO. Moreover, although any freezone pays much more attention to crypto projects than to more traditional business models, legalizing a business can be really quick.
• Absence of unnecessary barriers. RAK DAO requests a moderate amount of information and does not impose unnecessary requirements such as management, office or reporting requirements.
• Document circulation may take place in English. RAK DAO, as well as the UAE in general, supports the use of English in the business environment, including at the official level.

• Legalization with highly regulated activities is not possible. If you want to create a crypto exchange, become a broker-dealer in the field of cryptocurrencies or start issuing tokens altogether, this is not the place for you.
• Not the most advantageous freezone location. RAK DAO is located about an hour's drive from Dubai. Although it is a short distance from a huge cryptohub, Freezone is not located in an emirate with a big name and significant reputation.

The cost level for legalization in the jurisdiction is high.

​

• Company formation fee: depends on many factors, including the type of activity chosen, their number, etc., but as a general rule, the fees on average range from USD 3,600 to USD 14,000.
• Authorized capital: there are no requirements for the minimum amount and its actual payment.