The United Arab Emirates (UAE) is becoming one of the top destinations in the world for blockchain and Web3 startups. With investor-friendly rules, advanced infrastructure, and quick business setup options, the UAE gives entrepreneurs everything they need to build the next generation of digital businesses.
If you’re planning to start your own Web3 company in Dubai or anywhere in the UAE, Raes Associates can help you handle the entire process, from selecting a free zone to getting your business license approved.
What Is the Current Web3 Scene in the UAE?
The UAE is one of the fastest-growing markets for blockchain and digital assets. The country’s digital assets market is expected to touch $270 million in 2024, driven mainly by cryptocurrency, NFTs, and other Web3 innovations.
Dubai is already implementing the Dubai Blockchain Strategy, which aims to make it the first city fully powered by blockchain technology. Abu Dhabi’s Hub71+ Digital Assets initiative also provides $2 billion in funding support for Web3 startups.
With strong government backing, a tech-savvy population, and global reach, the UAE is the best place for Web3 entrepreneurs to grow their ideas into successful businesses.
If you’re exploring other online business ideas, check out our post on how to sell on Amazon in Dubai.
How to Start a Web3 Company in UAE Step-by-Step
Here’s a simple breakdown of how you can set up your Web3 company in Dubai or anywhere in the UAE:
- Pick a Business Name
Choose a unique, creative name that fits your Web3 brand. Make sure it follows UAE naming rules and doesn’t include offensive or religious words. Submitting a few name options can help you get faster approval.
- Choose the Right Setup Location
You can set up your company in either the Mainland or a Free Zone.
For Web3 companies, the top choices are:
- RAK DAO (Ras Al Khaimah Digital Assets Oasis)
- DMCC (Dubai Multi Commodities Centre)
- DIFC (Dubai International Financial Centre)
Each has its own benefits in terms of ownership, tax, and licensing. Raes Associates can help you decide which location fits your business goals.
- Prepare and Submit Your Documents
You’ll need to prepare:
- Passport copies of owners/shareholders
- Business plan
- Initial approvals
Submit these to the relevant Free Zone or Mainland authority. Once reviewed, you’ll get your pre-approval to continue the setup process.
- Apply for Visas
Once your company is registered, you can apply for visas for yourself and your team. The number of visas depends on your business activity and office space.
- Get Your Trade License
After your paperwork and verification are complete, you’ll receive your Web3 trade license, this officially allows you to start your business in the UAE.
- Open a Bank Account
Choose a crypto-friendly bank that supports Web3 and blockchain-related transactions. Submit your company documents and license to open your business bank account.
- Stay Legally Compliant
After registration, your Web3 company must:
- Register for Corporate Tax within 90 days
- Renew your trade license every year
- Maintain proper accounting records
Staying compliant avoids penalties and keeps your company in good standing.
Want to avoid setup delays? Reach out to Raes Associates today, we’ll take care of the paperwork while you focus on your business.
How Much Does It Cost to Start a Web3 Company in UAE?
Setting up a Web3 business in the UAE typically costs between AED 10,000 and AED 25,000.
Here’s what to expect:
- Business license fees and initial approvals
- Technology setup and infrastructure
- Hiring developers and compliance experts
- Cybersecurity systems and office setup
Your total cost will depend on the jurisdiction and your business model. Partnering with Raes Associates helps you plan every stage smartly and avoid unnecessary expenses.
Where Is the Best Place to Start a Web3 Business in UAE?
Here are some of the top Free Zones for Web3 and blockchain startups:
RAK DAO Free Zone
RAK DAO is the UAE’s first Free Zone focused entirely on blockchain, digital assets, and crypto innovation. It allows crypto payments and supports Web3 startups of all kinds.
Starting cost: From AED 18,000
DMCC Free Zone
DMCC is one of Dubai’s top business hubs and supports Web3 and DeFi innovation. It offers easy setup, dedicated support, and a strong regulatory framework.
Starting cost: From AED 33,000
DIFC Free Zone
DIFC offers a new AI and Web3 license with a 90% subsidy, making it ideal for blockchain startups. It’s a secure, reliable base for fintech and crypto businesses.
Starting cost: Around USD 1,050–6,500
For more insights on Free Zones, read our detailed post on Free Zone Licenses in UAE.
Why Choose Raes Associates for Your Web3 Business Setup?
Starting a Web3 business in the UAE can be exciting but also challenging due to the specific regulations, licensing requirements, and jurisdiction choices. This is where Raes Associates makes a real difference. With years of experience in UAE company formation, Raes Associates provides end-to-end assistance for entrepreneurs entering the Web3 space. From helping you choose the right location, whether RAK DAO, DMCC, or DIFC, to managing your business license application, document preparation, and visa processing, everything is handled with precision and care.
Our experts also guide you through selecting a crypto-friendly bank, ensuring compliance with UAE laws, and structuring your company to be both tax-efficient and future-ready. With Raes Associates by your side, you can focus on scaling your Web3 innovation while we take care of the legal, financial, and administrative details, making your business setup smooth, secure, and successful.
Frequently Asked Questions (FAQs)
- What type of license do I need to start a Web3 business in the UAE?
To start a Web3 company in the UAE, you need a commercial or professional trade license from the relevant authority—such as the RAK DAO Free Zone, DMCC, or DIFC. Each jurisdiction offers licenses for blockchain, digital assets, and related Web3 activities. - How much does it cost to start a Web3 company in the UAE?
The setup cost generally ranges between AED 10,000 and AED 25,000, depending on the jurisdiction, company structure, and visa requirements. Additional costs may include technology infrastructure, compliance, and staffing. - Can foreigners own 100% of a Web3 business in the UAE?
Yes. In most UAE Free Zones like RAK DAO, DMCC, and DIFC, foreign investors can enjoy 100% business ownership, full profit repatriation, and no personal income tax.
