#rak dao license

[dubiz09]

RAK DAO Freezone Business Setup

Looking to dive into UAE’s growing digital and virtual asset industry? Well, a special freezone, launched in Ras al Khaimah, might be the perfect location for you to set up. That freezone is Ras al Khaimah Digital Assets Oasis (RAK DAO), the first hub in the world created just for digital and virtual asset companies.

Freelancers, solo businessmen, and companies looking to pursue activities such as blockchain, metaverse, virtual wallets, and other Web3-related industries with minimal restrictions, are all welcome in RAK DAO freezone. Pro-business environment, 100% foreign ownership, major tax savings and strategic location make business setup here not just beneficial but exciting. The digital asset market is rapidly growing and evolving. By setting up your business in RAK Digital Asset Oasis, you are positioning yourself to be part of UAE’s digital revolution.

[ezone-business-setup]

RAK DAO Free Zone License: Get Your Web3 Company Setup

Starting a Web3 business in the RAK DAO Free Zone might sound like venturing into uncharted territory, but it’s an exciting and promising space.

This guide will walk you through everything you need to know to launch and scale a Web3 business in the UAE. It will explain why this location is ideal, what steps are required, and how to make the most of Dubai’s unique resources.

With blockchain technology rapidly transforming industries, Web3 offers a unique opportunity to innovate and scale. Dubai has become a magnet for entrepreneurs eager to tap into this decentralized future.

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[dailystraitsdotcom]

Lyvely Gets Key License

Lyvely, a UAE-based SocialFi platform, obtains operational license for growth.

Ras Al Khaimah, July 2: Lyvely, a UAE-based social monetization platform, has received a full operational license from Ras Al Khaimah Digital Assets Oasis (RAK DAO). This Free Zone, noted for its Common Law features, supports digital assets companies and allows Lyvely to engage in non-regulated SocialFi activities.Lyvely, founded in 2023 by Farah Zafar and Dave Catudal, aims to revolutionize the…

[ailtrahq]

The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital and traditional assets, according to an ADGM communication on Sept. 26. Laser Digital can receive full Financial Services Permission to operate after fulfilling conditions specified in the current approval. Those conditions were not specified in the communication. Laser Digital CEO Jez Mohideen said of the ADGM in the communication:“Their comprehensive and clear regulatory framework is creating a global hub for digital assets that we are delighted to be joining.”The ADGM is an international financial free zone within Abu Dhabi, capital of the United Arab Emirates (UAE). The ADGM occupies nearly 15 square kilometers across two islands and consists of a registration authority, regulatory authority and a court that applies common law. Binance received in-principal approval to operate in the ADGM in April 2022 and received Financial Services Permission in November. Kraken also received permission to operate in the ADGM in 2022. This year, the ADGM licensed two smaller virtual asset firms – UAE-based M2 and Bahrain-based Rain.Another emirate, Ras Al Khaimah, created a free zone for digital and virtual asset companies called RAK Digital Assets Oasis (RAK DAO) earlier this year.#ADGM is proud to announce that @LaserDigital_ has received an In-Principle Approval (IPA) from the ADGM Financial Services Regulatory Authority (FSRA) for its virtual asset management services, further establishing it as a leading global hub for digital assets.… pic.twitter.com/CmvkP4wumO— Abu Dhabi Global Market (@ADGlobalMarket) September 26, 2023 The preliminary approval in Abu Dhabi comes just over a month after Laser Digital received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). It also launched a Bitcoin (BTC) Adoption Fund in August. Laser Digital was created in September 2022. Nomura is also part of the Komainu joint venture, along with cryptocurrency exchanges CoinShares and Ledger. Koimanu received an operating license from Dubai’s VARA in August, joining several other crypto exchanges. Source