Pioneering the digital economy
Ras Al Khaimah is shaping the future of business through Innovation City (INC), the world’s leading free zone dedicated exclusively to Web3, blockchain, and fintech ventures.
Digital leadership
A dedicated hub for innovation
INC provides an environment purpose-built for companies at the forefront of the digital economy. From blockchain startups to global fintech firms, the free zone offers the infrastructure and clarity needed to scale safely and effectively.
What businesses get
100% foreign ownership
Tax-free business environment
Digital asset transactions
Smart technology is at the heart of Ras Al Khaimah’s safety strategy, ensuring that innovation protects what matters most: the wellbeing of its people and communities.
Business advantages
Supporting digital industries
INC offers a clear framework for companies in emerging technologies. Entrepreneurs benefit from 100% foreign ownership with no local partner requirements, tax exemptions on both corporate and personal income, and the ability to conduct cryptocurrency transactions. Since its inception in 2023, the free zone has already issued over 500 operational licences, placing it among the fastest-growing Web3 jurisdictions worldwide.
INC offers a clear framework for companies in emerging technologies. Entrepreneurs benefit from 100% foreign ownership with no local partner requirements, tax exemptions on both corporate and personal income, and the ability to conduct cryptocurrency transactions. Since its inception in 2023, the free zone has already issued over 500 operational licences, placing it among the fastest-growing Web3 jurisdictions worldwide.
Global reach
A strategic location for expansion
With increasing regulatory scrutiny in many markets, companies are seeking jurisdictions with transparent guidelines. INC combines regulatory clarity, economic stability and world-class infrastructure, making it an attractive base for international expansion. A landmark $100 million investment from Phoenix Group and IOPn underscores global confidence in Ras Al Khaimah’s digital future.
With increasing regulatory scrutiny in many markets, companies are seeking jurisdictions with transparent guidelines. INC combines regulatory clarity, economic stability and world-class infrastructure, making it an attractive base for international expansion. A landmark $100 million investment from Phoenix Group and IOPn underscores global confidence in Ras Al Khaimah’s digital future.
Looking ahead
INC is a core pillar of Ras Al Khaimah’s Vision 2030, which prioritises economic diversification and digital innovation. By creating a secure ecosystem for fintech and blockchain enterprises, the Emirate ensures that companies have the support they need to thrive. INC’s flagship annual conference, inaugurated by His Highness Sheikh Saud bin Saqr Al Qasimi, reflects the government’s high-level commitment to building a world-class digital innovation landscape.
INC is a core pillar of Ras Al Khaimah’s Vision 2030, which prioritises economic diversification and digital innovation. By creating a secure ecosystem for fintech and blockchain enterprises, the Emirate ensures that companies have the support they need to thrive. INC’s flagship annual conference, inaugurated by His Highness Sheikh Saud bin Saqr Al Qasimi, reflects the government’s high-level commitment to building a world-class digital innovation landscape.
Related Articles
Sustainable Future
Building a more sustainable future
Sustainability in Ras Al Khaimah is not a passing trend; it is a long-term commitment embedded…
Tourism
Growing Tourism Industry
Tourism is a cornerstone of Ras Al Khaimah’s economic future. As the Emirate diversifies beyond traditional…