100% Foreign Ownership
Full foreign ownership for eligible company structures.
LIMITED-TIME OFFERS | RAK DAO | VIRTUAL ASSETS
Build Your Web3 & Digital Future with RAK DAO.
Unlock special offers on Ras Al Khaimah Digital Assets Oasis (RAK DAO) company setup. Launch your blockchain, crypto, or digital asset business in the world's first virtual assets free zone with streamlined, cost-effective solutions.
Innovation City company formation
Build your technology business in Ras Al Khaimah.
Innovation City, formerly known as RAK Digital Assets Oasis (RAK DAO), is a technology-focused free zone for entrepreneurs and companies in Web3, blockchain, digital assets, artificial intelligence, gaming, robotics and digital health.
With 100% foreign ownership, UAE residence visa options and flexible licensing, it offers an attractive base for startups and international technology businesses looking to establish and grow in the UAE.
Business licences fromAED 6,600
Per year - subject to authority terms and selected package inclusions.
Why choose Innovation City?
Flexible setup for future-focused businesses.
A practical free-zone platform combining ownership flexibility, visa options, workspace choices and a technology-focused ecosystem.
Packages from AED 6,600
A low-entry licence option for founders who do not need a visa.
UAE Residence Visas
Visa-capable packages for founders and growing teams.
Multiple Shareholders
Flexible ownership arrangements for partners and investors.
Flexible Activities
Multiple technology and consultancy activities can be considered.
Workspace Options
Shared and dedicated workspace solutions based on package needs.
Banking Support
Preparation support for corporate bank account applications.
Technology Ecosystem
A focused environment for innovative and digital-first businesses.
Built for Global Growth
Suitable for startups, entrepreneurs and international companies.
Popular business activities
Licence your technology ambition.
Innovation City supports a broad range of future-focused commercial and consultancy activities, subject to approval.
◈Blockchain & Web3
AIArtificial Intelligence
</>Software & SaaS
◆Digital Assets
{ }Smart Contract Development
✦Web3 Consultancy
NNFT & Digital Platforms
GGaming & iGaming
RRobotics
+Digital Health
TTechnology Consultancy
⇅Proprietary Trading*
Business setup packages
Choose the package that fits your next stage.
From founder-first licensing to visa capacity and dedicated workspace for growing teams.
Idea
AED 6,600 / year
For founders who do not require a UAE residence visa.
- Entry-level business licence
- Ideal for early validation
- Flexible eligible activities
Seed
AED 13,200 / year
For individual founders and early-stage startups requiring one visa.
- Licence and visa capacity
- Founder-focused setup
- Startup-ready structure
Startup
AED 15,400 / year
For growing companies needing additional visa capacity and activities.
- Additional visa capacity
- Multiple business activities
- Designed for expansion
Growth
AED 22,550 / year
For growing teams requiring dedicated workspace and added infrastructure.
- Dedicated workspace
- Expanded team support
- Business infrastructure
Package prices and inclusions are subject to Innovation City authority terms and may change.
Documents required
Prepare a clean, complete application.
For individual shareholders, the main documents normally include:
✓Passport copy
✓UAE residence visa, if applicable
✓Emirates ID, if applicable
✓Business plan
✓Proposed company names
✓Proof of address or requested KYC
Corporate shareholders may require additional company, ownership and Ultimate Beneficial Owner documentation.
Company formation process
Five clear steps from idea to business licence.
Nexo coordinates the setup journey and keeps each stage practical and transparent.
Choose Your Activity
Identify the appropriate licence and activities for your business.
Select Your Package
Match the licence, visa capacity and workspace to your needs.
Prepare Documents
Complete the application, KYC and business plan requirements.
Obtain Your Licence
Receive incorporation documents and the business licence after approval.
Visa & Banking Support
Continue with residence visas, Emirates ID and banking preparation.
Activity approvals
Regulated vs non-regulated activities.
The right licensing route depends on what your company will actually do.
Non-Regulated
Many technology, software and consultancy activities can follow the standard Innovation City licensing process, subject to authority review.
- Software and SaaS
- Technology consultancy
- Web3 development and platforms
- AI, robotics and digital health solutions
Regulated
Virtual asset exchanges, custody, brokerage, financial services and certain other activities may need separate approval from the relevant UAE regulator.
- Virtual asset exchange activity
- Custody and brokerage services
- Financial or investment services
- Other specially regulated activities
Nexo can review your proposed activity before incorporation and help identify an appropriate structure and licensing route.
Why set up with Nexo Services?
End-to-end support beyond company formation.
One team to coordinate licensing, residency, banking readiness, tax registration and ongoing compliance.
✓Company formation
✓Activity and licence selection
✓Business plan assistance
✓UAE residence visas
✓Corporate bank account assistance
✓Corporate Tax registration
✓VAT registration
✓Accounting & bookkeeping
✓Ongoing company compliance
Start your Innovation City company
Turn your technology idea into a UAE business.
Whether you are launching a Web3 startup, AI company, technology consultancy, software business or digital-asset venture, Nexo can help you choose the right structure and complete your setup.
Get a Free Consultation →Talk on WhatsApp →Request a customised Innovation City company formation quotation.
UAE Business Setup Offers & Promotions
Start Your UAE Business with More Value
Turn your business idea into reality with carefully selected UAE business setup packages from Nexo Services. Whether you are launching a startup, establishing a new UAE company, adding an investor visa, or looking for ongoing business support, our team helps you choose a practical setup based on your business activity, visa requirements and budget.
Matching your setup
Current business setup offers and service bundles
Choose a starting point below. Final recommendations are tailored to your activity, jurisdiction, visa plan and growth goals.
Popular starter
UAE Free Zone Business Setup
Affordable setup for entrepreneurs, freelancers and startups
Starting fromAED 4,999*
Package may include
- UAE Free Zone business licence
- Business activity selection assistance
- Trade name assistance
- Company incorporation documents
- Establishment support
- Business setup consultation
Company + residency
Business Setup + Investor Visa
Launch your company and start your UAE residency
Get company formation and investor residence visa requirements managed through one convenient package.
Package may include
- UAE business licence
- Company registration assistance
- Establishment card assistance
- Investor visa support
- Medical fitness guidance
- Emirates ID assistance
- Immigration documentation support
Mainland access
Dubai Mainland Business Setup
Build your business without boundaries
Set up your mainland company and access opportunities across Dubai and the wider UAE.
Our team can assist with
- Business activity selection
- Trade name reservation
- Initial approval
- Trade licence application
- MOA coordination where applicable
- Establishment and immigration support
- Investor and employee visa assistance
Compliance support
Business Setup + Accounting Support
Start smart. Stay compliant.
A practical package for new businesses that want support beyond company incorporation.
Package may include
- UAE company formation assistance
- Basic bookkeeping support
- Corporate Tax registration assistance
- VAT registration guidance, where applicable
- Accounting consultation
- Compliance support
Residency assistance
UAE Investor & Partner Visa Assistance
Make your UAE business your new base
Already have a company or planning to establish one? We assist eligible owners and partners with the residence visa process.
Services include
- Eligibility and document assessment
- Investor/partner visa application assistance
- Entry permit or status-change guidance
- Medical fitness process guidance
- Emirates ID assistance
- Residence documentation support
- Family sponsorship guidance
Renewal support
Trade Licence Renewal Package
Keep your business moving
Avoid last-minute paperwork and keep your UAE company licence up to date with Nexo's renewal assistance.
Support may include
- Trade licence renewal assistance
- Establishment card renewal guidance
- Immigration file support
- Licence amendment assistance
- Partner or activity amendment support
- Visa renewal coordination
Need a custom business setup package?
Every business is different.
Tell us your business activity, preferred emirate, number of visas and budget, and our consultants can help identify suitable Mainland or Free Zone options for you.
Next Experience. Smarter Business Setup.1Your business activity2Preferred UAE emirate3Number of visas required4Setup budget
Important information: Prices and package inclusions may vary depending on the selected jurisdiction, business activity, number of shareholders, visa requirements, office requirements and applicable government or authority fees. Offers are subject to availability and change. Nexo Services is an independent business consultancy and is not a UAE government authority. Final approvals, licences and visas are issued at the discretion of the relevant authorities.