RAK Digital Assets Oasis Launch A New Hub for the Future of Digital Assets
The Ras Al Khaimah (RAK) Digital Assets Oasis, the world’s first free zone dedicated to digital and virtual assets companies, was officially launched on October 7, 2023. The launch event was attended by a number of high-profile guests, including His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, and His Highness Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah and Chairman of the RAK Digital Assets Oasis Authority.
The RAK Digital Assets Oasis is a unique initiative that is designed to attract and support companies that are developing innovative products and services in the digital assets space. The free zone offers a number of benefits to its residents, including:
- 100% foreign ownership
- 100% repatriation of profits and capital
- 0% corporate and personal income tax
- A streamlined regulatory environment
- Access to a world-class infrastructure and ecosystem
The RAK Digital Assets Oasis is expected to play a major role in the development of the digital assets industry in the Middle East and North Africa (MENA) region. The free zone is also expected to attract significant investment and create new jobs in the RAK emirate.
The RAK Digital Assets Oasis Launch Event
The RAK Digital Assets Oasis launch event was a major success, with over 1,000 guests attending. The event featured a keynote speech from His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, as well as panel discussions with industry experts on a variety of topics related to digital assets.
During his keynote speech, His Highness Sheikh Saud bin Saqr Al Qasimi emphasized the importance of the digital assets industry to the future of the RAK emirate. He stated that the RAK Digital Assets Oasis is a key part of the emirate’s strategy to become a global hub for the digital economy.
The RAK Digital Assets Oasis Ecosystem
The RAK Digital Assets Oasis is already home to a number of leading digital assets companies, including Binance, FTX, and Crypto.com. The free zone is also home to a number of Web3 incubators and accelerators.
The RAK Digital Assets Oasis ecosystem is expected to grow rapidly in the coming months and years. The free zone is attracting a growing number of startups and investors from all over the world.
The RAK Digital Assets Oasis and Crypto Events
The RAK Digital Assets Oasis is committed to supporting the growth and development of the digital assets industry in the MENA region. The free zone is hosting a number of crypto events throughout the year, including conferences, meetups, and hackathons.
The RAK Digital Assets Oasis is also a member of the Global Crypto Events Calendar. This means that the free zone’s events are listed on all major crypto events calendars.
The RAK Digital Assets Oasis is a unique initiative that is designed to attract and support companies that are developing innovative products and services in the digital assets space. The free zone is expected to play a major role in the development of the digital assets industry in the MENA region.
The RAK Digital Assets Oasis is also hosting a number of crypto events throughout the year. These events are a great opportunity to learn about the latest trends and developments in the digital assets industry and to network with other enthusiasts and professionals.
Additional topics that could be covered in the article
- The impact of the RAK Digital Assets Oasis on the digital assets industry in the MENA region
- The benefits of setting up a company in the RAK Digital Assets Oasis
- The types of companies that are eligible to operate in the RAK Digital Assets Oasis
- The regulatory environment for digital assets companies in the RAK Digital Assets Oasis
- The RAK Digital Assets Oasis ecosystem and the types of companies that are already operating in the free zone
- Upcoming crypto events at the RAK Digital Assets Oasis
Tips for companies that are interested in setting up a business in the RAK Digital Assets Oasis
- Visit the RAK Digital Assets Oasis website to learn more about the free zone and the benefits of setting up a business there.
- Contact the RAK Digital Assets Oasis Authority to discuss your specific needs and requirements.
- Attend one of the many crypto events that are hosted at the RAK Digital Assets Oasis. This is a great way to learn more about the free zone and to network with other companies and individuals who are interested in the digital assets industry.
