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
The UAE continues to attract Russian entrepreneurs seeking to tap into the Middle Eastern market, and RAKEZ is one of the most popular jurisdictions for blockchain development operations. Growing community (~40,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.
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.
For Russian nationals specifically, the Ras Al Khaimah government has fostered a business-friendly environment with streamlined processes that cater to the large Russian business community.
Visa Requirements for Russian Nationals
Banking for Russian Business Owners
Document Attestation for Russian Nationals
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
Consultation
Free consultation with IBA to discuss your blockchain development business plan and the best RAKEZ licence options for Russian nationals.
Document Preparation
Prepare and attest all required documents from Russia through Russian Ministry of Foreign Affairs / Apostille and the UAE Embassy.
Licence Application
Submit the blockchain development licence application to RAKEZ. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official RAKEZ trade licence within 3–6 business days.
Visa Processing
Process your UAE residence visa, Emirates ID, and medical fitness. Russian nationals can obtain a UAE visa on arrival for 90 days.
Bank Account
Open a corporate bank account. Russian entrepreneurs may face additional compliance requirements due to international regulations.
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. RAKEZ allows 100% foreign ownership for all nationalities, including Russian nationals. No local sponsor or partner is required.
Blockchain Development in Other Jurisdictions
Get Started Today
Ready to set up your blockchain development in RAKEZ? Our team is here to help.
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Official Source
www.rakez.com ↗Popular in RAKEZ
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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Get a personalised quote for setting up your blockchain development in RAKEZ. Our advisors are ready to guide you through every step.