**News Flash: UAE to Introduce Legal Framework for DAOs**

The Ras Al Khaimah Digital Assets Oasis (RAK DAO) in the UAE is set to unveil a legal framework for decentralized autonomous organizations (DAOs). This new regime, developed with law firm NeosLegal, will be discussed at the DAO Legal Clinic on Oct. 25.

Key Points:

- The framework aims to clarify legal compliance for DAOs, impacting decentralized governance and the Web3 ecosystem.

- It will address tax obligations, property ownership, and legal protections for DAO members.

- DAOs can be registered remotely in the UAE, facilitating global participation.

- The UAE offers a cost-effective setup compared to Switzerland, starting at $3,000.

This move reinforces the UAE's position as a global blockchain and digital asset hub.