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Emiri Decree Number (12) of 2023 Regarding the Geographical boundaries of RAK Digital Assets Oasis

Emiri Decree
Emiri Decree Number (12) of 2023 Regarding the Geographical boundaries of RAK Digital Assets Oasis We, SAUD BIN SAQR BIN MUHAMMED Al QASSIMI, Ruler of Ras Al Khaimah; Pursuant to the perusal of the Law No. 2 of 2023 concerning the establishment of RAK Digital Assets Oasis; As the public interest may require, We have issued the following decree: Article (1) RAK Digital Assets Oasis Authority shall have the offices located in Ras Al Khaimah, RAK Bank building in Al Rafaa area as its temporary headquarter and the offices used by RAK DAO shall be treated as free zone area as long it is using them. Article (2) Any properties or offices owned, rented, or designated for the use of RAK Digital Assets Oasis Authority within the emirate of Ras Al Khaimah shall be subject to the applicable rules and regulations of RAK Digital Assets Oasis Authority and shall be treated as free zone areas. Article (3) Any provision of any other law or local law shall be hereby repealed to the extent to which it is in conflict with the provisions of this Decree. Article (4) This Decree shall come into force from the date of its issuance and shall be published in the Official Gazette. SAUD BIN SAQR BIN MUHAMME Al QASSIMI Ruler of Ras Al Khaimah Issued on 28TH Month Shwal of 1444 H. Corresponding to 18th Month May of 2023 AD.
  • RAK Digital Assets Oasis Authority shall have the offices located in Ras Al Khaimah, RAK Bank building in Al Rafaa area as its temporary headquarter and the offices used by RAK DAO shall be treated as free zone area as long it is using them. 

     
  • Any properties or offices owned, rented, or designated for the use of RAK Digital Assets Oasis Authority within the emirate of Ras Al Khaimah shall be subject to the applicable rules and regulations of RAK Digital Assets Oasis Authority and shall be treated as free zone areas.

     
  • Any provision of any other law or local law shall be hereby repealed to the extent to which it is in conflict with the provisions of this Decree.

     
  • This Decree shall come into force from the date of its issuance and shall be published in the Official Gazette.

Classification
  • Civil Legislation
  • Free Zone
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