Blockchain Development in RAKEZ
Starting From
AED 7,500
Setup Time
3 Business Days
Visa Quota
3 Visas
Location
Ras Al Khaimah
About Blockchain Development
Entrepreneurs seeking to start a Blockchain Development business in the UAE will find Ras Al Khaimah Economic Zone to be one of the most attractive jurisdictions, thanks to its strategic location and comprehensive support services.
Operating from Ras Al Khaimah Economic Zone gives your Blockchain Development business access to Ras Al Khaimah's world-class infrastructure, including modern office facilities such as flexi desk, shared office, private office and excellent connectivity. The Blockchain Development activity does not require any special regulatory approvals beyond the standard trade licence, simplifying the setup process considerably.
IBA International has been helping entrepreneurs set up blockchain development businesses in Ras Al Khaimah Economic Zone since 2004. Our team of incorporation specialists will guide you through every step, from initial consultation to licence issuance and bank account opening, ensuring a smooth and efficient setup experience.
Why RAKEZ for Blockchain Development?
Choosing RAKEZ for your blockchain development business comes with a host of strategic advantages that directly impact your bottom line and growth potential.
The jurisdiction offers cost-effective licensing, which is particularly valuable for blockchain development operations. Additionally, industrial and commercial zones ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 3,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. 100% foreign ownership further enhances the appeal of RAKEZ for blockchain development professionals. Furthermore, gateway to northern emirates 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, RAKEZ remains an excellent choice for both start-ups and established professional enterprises looking to expand into the Middle East and North Africa region.
Requirements & Documents
Cost Breakdown
| Item | Cost (AED) |
|---|---|
| License Fee | 7,500 |
| Visa Package (per visa) | 3,700 |
| Flexi Desk | 3,000 |
| Shared Office | 7,000 |
| Private Office | 15,000 |
| Estimated Total (Year 1) | From AED 14,200 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Initial Consultation
Begin with a free consultation with IBA's business setup advisors to discuss your blockchain development business objectives, optimal licence structure, and RAKEZ as your chosen jurisdiction. We assess your specific requirements and provide a transparent cost breakdown.
Choose Your Company Name
Select your company name and submit it for approval. RAKEZ has specific naming guidelines — the name must not conflict with existing registrations and should reflect your business activity. IBA handles the name reservation process.
Prepare & Submit Documents
Compile all required documentation including passport copies, photographs, and the completed application form. As a non-regulated activity, the documentation requirements are straightforward. IBA prepares and submits all paperwork on your behalf.
Obtain Trade Licence
Your RAKEZ trade licence is issued within 3 business days of document submission. The licence authorises you to conduct blockchain development activities and is valid for one year. The licence fee is approximately AED 7,500.
Apply for Residence Visa
Once your licence is active, apply for your UAE residence visa and Emirates ID. Your RAKEZ licence includes 3 visa allocation. Each visa costs approximately AED 3,700. IBA manages the entire visa process including medical testing and Emirates ID.
Open Corporate Bank Account
With your trade licence in hand, open a corporate bank account at a UAE bank. IBA provides introductions to relationship managers at leading banks including Emirates NBD, ADCB, RAKBank, and Mashreq. We prepare a comprehensive banking file to ensure smooth account approval.
Start Operations
With your licence issued, visa processed, and bank account active, your blockchain development business in Ras Al Khaimah Economic Zone is ready to operate. IBA continues to support you with PRO services, VAT registration, accounting, and annual licence renewals.
Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
The total setup cost for a Blockchain Development business in RAKEZ starts from approximately AED 7,500 for the trade licence. Additional costs include visa processing (AED 3,700 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.
Blockchain Development in Other Jurisdictions
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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.
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