Blockchain Development in RAK ICC
Starting From
AED 12,500
Setup Time
3 Business Days
Visa Quota
0 Visas
Location
Ras Al Khaimah
About Blockchain Development
As a Bangladeshi national looking to establish a Blockchain Development business in RAK International Corporate Centre, the UAE offers one of the most welcoming environments for international entrepreneurs. Bangladesh has strong bilateral trade relations with the UAE, and thousands of Bangladeshi professionals have already successfully set up businesses across the emirates.
As an offshore entity regulated under Ras Al Khaimah's commercial laws, your Blockchain Development business will benefit from cost-effective offshore structure and full foreign ownership. The RAK ICC licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 12,500.
With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your blockchain development setup in RAK ICC. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.
Why RAK ICC for Blockchain Development?
There are several compelling reasons why RAK International Corporate Centre continues to attract blockchain development entrepreneurs from around the world.
The jurisdiction offers cost-effective offshore structure, which is particularly valuable for blockchain development operations. Additionally, full foreign ownership ensures that your business remains competitive in the regional market. The offshore structure provides maximum confidentiality and is ideal for holding assets, intellectual property, and international trade operations. Many international businesses choose the offshore route for its streamlined compliance requirements and ability to open multi-currency bank accounts with leading UAE banks. No tax obligation further enhances the appeal of RAK ICC for blockchain development professionals. Furthermore, confidentiality protection positions your blockchain development business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAK ICC remains an excellent choice for both start-ups and established professional enterprises looking to expand into the Middle East and North Africa region.
For Bangladeshi nationals specifically, the Ras Al Khaimah government has fostered a business-friendly environment with streamlined processes that cater to the large Bangladeshi business community.
Visa Requirements for Bangladeshi Nationals
Banking for Bangladeshi Business Owners
Document Attestation for Bangladeshi Nationals
Requirements & Documents
Cost Breakdown
| Item | Cost (AED) |
|---|---|
| License Fee | 12,500 |
| Estimated Total (Year 1) | From AED 12,500 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Consultation
Free consultation with IBA to discuss your blockchain development business plan and the best RAK ICC licence options for Bangladeshi nationals.
Document Preparation
Prepare and attest all required documents from Bangladesh through Bangladesh Ministry of Foreign Affairs and the UAE Embassy.
Licence Application
Submit the blockchain development licence application to RAK ICC. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official RAK ICC trade licence within 3–6 business days.
Visa Processing
Process your UAE residence visa, Emirates ID, and medical fitness. Bangladeshi nationals require a pre-arranged UAE visa.
Bank Account
Open a corporate bank account. Bangladeshi entrepreneurs can open corporate accounts with standard documentation.
Start Operations
Your blockchain development business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.
Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes. RAK ICC allows 100% foreign ownership for all nationalities, including Bangladeshi nationals. No local sponsor or partner is required.
Blockchain Development in Other Jurisdictions
Get Started Today
Ready to set up your blockchain development in RAK ICC? Our team is here to help.
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Official Source
www.rakicc.com ↗Popular in RAK ICC
By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
Ready to Start Your Blockchain Development?
Get a personalised quote for setting up your blockchain development in RAK ICC. Our advisors are ready to guide you through every step.