RAK Innovation City, formerly known as Ras Al Khaimah Digital Assets Oasis (RAK DAO), is a specialised free zone launched in 2023 in Ras Al Khaimah, UAE. It provides a dedicated business environment for companies involved in blockchain, Web3, artificial intelligence (AI), NFTs, decentralised finance (DeFi), and other technology-driven services.
Unlike traditional free zones that cater to a broad range of industries, RAK Innovation City is specifically designed to support businesses in the digital economy. Its licensing structure, regulatory framework, and business support ecosystem are tailored to the needs of technology-focused enterprises. Business Setup in Innovation City Free Zone offers entrepreneurs and investors an opportunity to establish their presence in a specialised hub that encourages digital innovation, technological advancement, and business growth.