New Freezone Incentives—Up to 30% Fee Reduction for Startup
RAK Innovation City Company Formation
Business Overview
Everything You Need to Know About RAK Innovation City
What is RAK Innovation City?
- One of the UAE's newest and most technology-focused free zones
- Located in Ras Al Khaimah, roughly 45 minutes from Dubai
- Relaunched in 2025 from RAK Digital Assets Oasis, positioned as the world's first AI-powered free zone
Who is it for?
- Technology founders, startups, and digital-first businesses
- Consultants, advisory professionals, and e-commerce operators
- Companies of all sizes from solo entrepreneurs to established international firms expanding into the UAE
Minimum capital requirement
- No fixed minimum share capital is mandated for most license categories
- Capital requirements, where applicable, are assessed based on business activity
Types of business activities allowed
- Web3, digital assets, and blockchain
- Artificial intelligence and machine learning
- Gaming and iGaming
- Robotics and automation
- Healthtech and digital health
- Professional consulting, trading, and e-commerce activities
Banking facilities available
- Corporate bank account support with major UAE banks
- Assistance with documentation and bank introductions as part of the setup process
Key advantages
- 100% foreign ownership
- 0% personal income tax
- Full repatriation of capital and profits
- No local sponsor or partner required
- AI-powered, largely digital registration proces
Number of visas allowed
- Virtual office / flexi desk: limited visa allocation
- Co-working space: moderate visa allocation
- Private office: higher visa allocation based on space
Eligibility
- Any individual or corporate entity from any nationality
- No local sponsor or partner required
Processing time
- Standard: company formation frequently completed within a few working days
- Much of the process can be completed remotely, without travel to the UAE
Required Documents
- Passport copy of all shareholders/directors
- Visa copy or entry stamp (if applicable)
- Business plan
- Notarized incorporation documents and board resolution (for corporate shareholders)
Freezone Cost Calculator
Estimate Your Setup Cost
Why RAK Innovation City?
Why Choose RAK Innovation City
Technology-First Regulation
A regulatory framework tailored for AI, Web3, Gaming, Robotics and Digital Health, not a copy of the traditional trading rules.
100% Ownership
Full foreign ownership with no need for a local partner or sponsor.
Tax Benefits
0% personal income tax with full repatriation of capital and profits guaranteed.
Digital-First Setup
An AI-powered, largely remote registration process that reduces the need for in-person visits during formation.
Access to Global Markets
Proximity to Dubai and Abu Dhabi keeps you close to major regional markets, investors, and talent.
Backed by Government
Established under the sponsorship of the Government of Ras Al Khaimah in accordance with the long-term innovation strategy of the emirate.
License Types
Types of Licenses Offered
Professional / Service License
For consultants, advisors, and businesses delivering expertise-based services rather than physical goods or digital platforms.
Trading & E-commerce License
For companies selling physical goods or operating digital retail and cross-border e-commerce platforms.
Technology License
For businesses building and launching technology products, platforms and infrastructure in AI, Web3 and related fields.
Freelancer / Independent Professional License
For individual professionals operating independently within the technology and digital services sector.
How It Works
How to Setup a Business in RAK Innovation City Freezone
Choose Activity
Select the approved business activity that matches your operations, from Web3, AI, gaming, robotics, and healthtech to general trading and consulting categories.
Select License
Choose professional, trading, technology, or freelancer, and reserve your trade name at the same time.
Submit Documents
Upload passport copies, application forms, a business plan, and supporting corporate documents where applicable.
Receive License
Get approval and your company documents digitally, usually within 2–10 working days depending on activity and document readiness.
Infrastructure
Workspace Solutions in RAK Innovation City
Flexi Desk
Shared workspace solution with access to meeting rooms and business lounge. Includes up to 6 visa allocations. Ideal for startups and small businesses.
Office Space
Private furnished or unfurnished offices within RAK Innovation City and associated business facilities in Ras Al Khaimah, with flexible workspace options for startups, SMEs, and technology companies.
Warehousing
Light industrial units, warehouses, and land plots for manufacturing and storage. Sizes from 250 sqm to 10,000+ sqm with customisation options.
Compliance
Annual Renewal & Compliance
Have Questions?
Frequently Asked Questions About RAK Innovation City
