Ras Al Khaimah Digital Assets Oasis (RAK DAO) has officially introduced the first Digital Creator License in the UAE. Notably, it offers a groundbreaking chance for influencers, streamers, educators, and online content creators to operate as fully recognized businesses.
Moreover, the license is developed in alliance with the Web3-based platform Lyvely. Thus, this new license offers a complete package, like a business license, UAE residency visa, and a bank account. So, it is personalized to the unique needs of digital content professionals.
Key Benefits for Creators from the Digital Creator License
As a license holder, you will get zero corporate and personal income tax, and 100% foreign ownership. In addition, you will get access to RAK DAO’s vast network of partnerships, events, and support services. Moreover, this campaign handles one of the biggest challenges of the industry, including banks, brands, and investors.
Paul Dawalibi, CEO of RAK DAO, said, “We wanted to give creators a legal wrapper so they can be taken seriously. This is about turning what many see as a side hustle into a recognized and sophisticated business”.
A Free Zone Built for Digital Innovation
RAK DAO is a specialized UAE free zone that is developed for companies in blockchain, Web3, NFTs, and DAOs. However, most free zones’ license targets the generic business. Still, the Digital Creator License is developed exclusively for digital creators. Here are the perks that you will get with this license:
- Legal independence
- Full control over earnings
- Intellectual property protection
- Access to monetisation opportunities that standard licences don’t provide.
Fast and Global Setup of your license
The process to get this license is easy and can be completed from the comfort of your home. So, here is the list of steps to get the Digital Creator License:
- You can register for the license through Lyvely.
- Next, you must complete its setup with the RAK DAO.
- At last, you can often receive your license and bank account within days.
Importantly, the license is open to applicable throughout the world. Thus, it could grant the same tax and ownership benefits as the UAE-based companies.
Why Ras Al Khaimah?
It offers tax-free living and affordability that allows companies to relocate entire teams due to a cost of living nearly half as compared to Dubai. Therefore, this makes the RAK DAO an attractive hub for global creative professionals who are looking to collaborate in person without overhead costs.
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