TechFlow reported on October 22 that, according to CoinDesk, Ras Al Khaimah (RAK) in the UAE announced Tuesday the launch of a regulatory framework for decentralized autonomous organizations (DAOs) within its digital asset free zone.
The framework, named the "DAO Association Regime" (DARe), provides a structured legal framework specifically designed for DAOs. Dr. Sameer Al Ansari, CEO of RAK DAO, said the regime will offer tax efficiency and legal clarity for DAOs.
Luc Froehlich, Chief Commercial Officer at RAK DAO, stated that the launch of DARe marks a significant step toward establishing the region as a global hub for blockchain and digital asset ecosystems. The framework will enable DAOs to interact with the off-chain world, such as opening bank accounts and owning both on-chain and off-chain assets.
Notably, the framework offers two tracks: one tailored for emerging projects with fewer than 100 members, and another targeting mature DAOs with funding exceeding $1 million. The regime will be implemented within the RAK Digital Assets Oasis free trade zone.
