Key Points:
- RAK DAO Framework enables tax optimization and legal clarity for decentralized autonomous organizations.
- The RAK DAO Framework provides two models, one for small DAOs and another for mature ones with large treasuries.
RAK launches the RAK DAO Framework in its free zone, offering tax optimization and legal clarity to decentralized autonomous organizations (DAOs).
RAK DAO Framework Enhances Legal Clarity for DAOs
Similarly, the newly established RAK DAO Framework in Ras Al-Khaimah grants them an opportunity to take advantage of the structured legal environment status. The permits allow them to operate with clear and stated tax benefits and legal transparency, thereby making it easier to interface with the off-chain world, such as opening bank accounts and conducting asset management, according to Coindesk.
Read more: Vitalik Advocates for Enhanced DAO Membership Accessibility
New RAK DAO Framework Offers Two Models for DAOs
The RAK DAO framework has two models: one for emerging DAOs with fewer than 100 members and one for mature DAOs with treasuries over $1 million. This allows for further decentralization of projects, and more tailored support of whatever stage the DAO is in, which is an important step in building a blockchain hub.
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Source: https://coincu.com/288498-rak-dao-framework-launches-in-uae-free-zone