Bestax Chartered Accountants (BestaxCA) has announced a collaborative agreement with Ras Al Khaimah Digital Assets Oasis (RAK DAO). The agreement’s goal is to assist business owners who wish for business setup in UAE.
With a focus on business establishment on Dubai’s mainland and free zones, BestaxCA is now strategically extending its mission by partnering with major licensing authorities to provide a wider range of company formation solutions to its customers.
BestaxCA’s General Manager, Haseeb Hamdani, comments on these amendments, saying, “I am pleased to announce that Bestax Chartered Accountants and RAK DAO have formally entered into a collaboration agreement. This marks an important step forward in our shared goal of excellence and innovation in the financial sector.”
RAK DAO is the first and only common law-free zone in the world specifically designed for global digital and virtual asset companies. It promises to challenge conventional business models and unleash the full potential of digital assets with its strategic business location in the UAE.
RAK DAO promotes innovation and unlocks the potential of digital assets by providing a clear legal framework and a thriving ecosystem that gives businesses everything they need to envision, create, execute, and prosper. This drives the future of developing sectors and propels innovation.
The free zone wants to become the worldwide hub for innovation in digital assets. It aims to establish Ras Al Khaimah as a premier innovation hub and boost its competitiveness as a global business destination in the digital era by drawing in foreign partners and encouraging cooperation.
There is a strong commitment to digital and virtual asset service providers (VASPs) in the development of cutting-edge technologies like the metaverse, blockchain, utility tokens, non-fungible tokens, decentralized autonomous organizations (DAOs), and other Web3-related initiatives.
The RAK Digital Assets Oasis deliberately creates tailored regulatory frameworks, creating a setting that encourages creativity while guaranteeing complete adherence to the unique requirements of Web3 businesses. It will draw firms and entrepreneurs from around the globe to the nation and offer much-needed help to enterprises in the digital asset sector.
Furthermore, it is projected that the move would strengthen the UAE economic landscape.
About BestaxCA
BestaxCA is a forward-thinking business consultancy firm with a strong presence in Dubai and the Canadian region. Among other key company formation services, BestaxCA provides a wide range of specialized services to support businesses of all sizes.
For more questions and complete details, please visit the RAK DAO official website or get in touch with Haseeb Hamdani, Director of Business Setup at BestaxCA.
Media Contact
Organization: Bestax Chartered Accountants
Contact Person: Haseeb Hamdani
Website: https://bestaxca.com
Email: info@bestaxcxa.com
Contact Number: 971561649163
Address: Office 804, Parklane Tower, Business Bay, Dubai, UAE
City: Dubai
Country: United Arab Emirates
Release Id: 0801248738