RAK Digital Assets Oasis : Web 3.0 and Crypto Licenses

What is RAK Digital Assets Oasis?

‍RAK Digital Assets Oasis is a cutting-edge blockchain and cryptocurrency initiative launched by the Ras Al Khaimah  in the United Arab Emirates. This ambitious project aims to create a robust ecosystem for digital assets, fostering innovation and economic growth. RAK Digital Assets Oasis offers a secure and regulated environment for blockchain-based businesses and cryptocurrency activities, positioning itself as a hub for financial technology innovation. It underscores the growing interest of governments and industries in embracing blockchain and digital assets, seeking to harness their potential for economic development and diversification.

‍Ecosystem for Digital and Virtual Asset Companies An ecosystem for Digital and Virtual Asset Companies represents a dynamic and interconnected environment designed to nurture businesses involved in digital and virtual assets. This ecosystem encompasses a wide range of components, including regulatory frameworks, technology infrastructure, financial services, and community engagement. Key features often include secure blockchain platforms, streamlined regulatory procedures, and investor-friendly policies. These elements foster innovation, entrepreneurship, and economic growth. By providing a structured framework for digital and virtual asset companies, the ecosystem offers a level of trust and reliability that is essential in the rapidly evolving world of cryptocurrencies and blockchain technology. Furthermore, these ecosystems aim to encourage responsible innovation while safeguarding against potential risks, such as fraud and financial instability. Ultimately, they play a crucial role in shaping the future of finance, making it accessible, secure, and efficient for businesses and individuals alike.

‍Type of Businesses Licences in Rak Dao?

‍In RAK DAO, a forward-thinking hub for digital and virtual asset businesses, a variety of licenses are available to accommodate the diverse needs and activities of enterprises in this innovative space. These licenses are instrumental in fostering economic diversity, technological advancement, and regulatory clarity. Here are some key types:

‍1. Blockchain and Cryptocurrency License: This license is intended for companies deeply engaged in blockchain technology, cryptocurrency trading, and other related activities, ensuring they operate within the legal framework and meet regulatory standards.

‍2. Digital Asset Exchange License: Tailored for businesses functioning as digital asset exchanges, permitting them to facilitate the buying and selling of cryptocurrencies while adhering to compliance requirements.

‍3. Virtual Asset Service Provider (VASP) License: Designed for entities providing services like cryptocurrency wallets, custodianship, and token issuance, aligning with the global regulatory landscape.

‍4. Technology Service Provider License: Ideal for firms offering tech solutions, including smart contract development, blockchain consulting, and software development in the digital asset domain.

‍5. Financial Services License: Geared towards businesses providing financial advisory, payment processing, and other financial services within the digital asset sector, ensuring a robust, compliant, and secure financial environment.

‍List of RAK DAO Business Activity

‍DAOCODEActivity GroupRAK DAO Business ActivityPremiumExternalApprovalS-001AccountingAccounting & BookkeepingNoNoS-002AccountingTaxation Procedures Follow-upNoYesS-003AccountingBilling services ProviderNoNoS-004AccountingTax Reclaim ServicesNoNoS-005Artificial IntelligenceInnovation & Artificial Intelligence Research & ConsultanciesYesNoS-006Artificial IntelligenceArtificial IntelligenceYesNoS-007Artificial IntelligenceCodingNoNoS-008Artificial IntelligenceInnovation StartupNoNoS-009Blockchain Development, DLT services & SoftwareSoftware Development ServicesNoNoS-010Blockchain Development, DLT services & SoftwareCybersecurity and Technology Audit Services of Software CodeNoNoS-011Blockchain Development, DLT services & SoftwareSoftware HouseNoNoS-012Blockchain Development, DLT services & SoftwareDigital Bridge ServicesNoNoS-013Blockchain Development, DLT services & SoftwareDigital Platforms & ServicesNoNoS-014Blockchain Development, DLT services & SoftwareNode OperatorNoNoS-015Blockchain Development, DLT services & SoftwareDigital Analytics ServicesNoNoS-016Blockchain Development, DLT services & SoftwareBlockchain OracleNoNoS-017Blockchain Development, DLT services & SoftwareWeb3 ServicesNoNoS-018Blockchain Development, DLT services & SoftwareDistributed Ledger Technology ServicesNoNoS-019Computer Systems and Network ConsultanciesComputer Systems ConsultanciesNoNoS-020Computer Systems and Network ConsultanciesNetwork ConsultanciesNoNoS-021Computer Systems and Network ConsultanciesInformation Technology ConsultantsNoNoS-022Computer Systems and Network ConsultanciesInternet ConsultancyNoNoS-023Computer Systems and Network ConsultanciesIT InfrastructureNoNoS-024Computer Systems and Network ConsultanciesPublic Networking ServicesNoNoS-025Computer Systems and Network ConsultanciesComputer System Housing ServicesNoNoS-026Computer Systems and Network ConsultanciesInternet ServicesNoNoS-027Computer Systems and Network ConsultanciesComputer Systems & Communication Equipment Software DesignNoNoS-028Computer Systems and Network ConsultanciesInformation Technology Network ServicesNoNoS-029Computer Systems and Network ConsultanciesOther information technology and computer service activitiesNoNoS-030Computer Systems and Network ConsultanciesComputer disaster recoveryNoNoS-031Computer Systems and Network ConsultanciesIT security managementNoNoS-032Computer Systems and Network ConsultanciesSecurity systems consultancyNoNoS-033Computer Systems and Network ConsultanciesProvision of infrastructure for hosting, data processing services and relatedactivitiesNoNoS-034Computer Systems and Network ConsultanciesGeneral time-share provision of mainframe facilities to clientsNoNoS-035Computer Systems and Network ConsultanciesCloud Service & Data centers ProvidersNoNoS-036Computer Systems and Network ConsultanciesData center Colocation ServicesNoNoS-037Consulting and Management ServicesCorporate Services Provider (CSP)NoNoS-038Consulting and Management ServicesManagement ConsultanciesNoNoS-039Consulting and Management ServicesStrategy advisory servicesNoNoS-040Consulting and Management ServicesDigital content managementNoNoS-041Consulting and Management ServicesProject management servicesNoNoS-042Consulting and Management ServicesLogistics consultancyNoNoS-043Consulting and Management ServicesPublic Relations ManagementNoNoS-044Consulting and Management ServicesFeasibility Studies ConsultanciesNoNoS-045Consulting and Management ServicesFacilities Resources Planning ConsultancyNoNoS-046Consulting and Management ServicesProject Development ConsultantNoNoS-047Consulting and Management ServicesCost Control & Risk Management ServicesNoNoS-048Customer Support ServicesCustomer Care CenterNoNoS-049Customer Support ServicesCall Centers ServicesNoNo