Proposal for RAK DAO Entity Formation
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Will anyone of Continuum also physically move to the UAE, or is it merely a (more of less virtual) company listing that benefits from UAE's local rules & taxes?
@sanderrrrr No need for any of us to move there (though RAK does look beautiful). We would need to secure a crypto trading license when we launch our token and the Middle East and especially the UAE could well be where we grow our business fastest initially, so it is nice that we have the option of making this a base, with people possible in the future.
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It got a bit worse but is manageable. They are trying to streamline the processes again, @avgCrypto βnothing to worry about. Overall, the proposal is fine.
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@Motki yes they should open for early community investment opportunities, at the same quotes as for vc's ... 2k usdt for a slot would be fine
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Thats good for the project lets finalize this stepps and get it going!
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I heared from friends that they are moving their buisnesses out of UAE since the paperwork got really bad lateley, have you heard simular feedback?
@avgCrypto I think that it might be true in Dubai, but the process seems simpler in RAK
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Congratulations to Jerry and the other contributors !!
I agree with this proposal. Establishing a legal entity under the RAK DAO Startup Package offers a solid foundation
The decentralization of the project is essential for maintaining its core principles of transparency, and community-driven decision-making. However, balancing this with regulation is equally crucial to ensure legal compliance allowing solicitors to take legal charge over assets and accredited valuers undertaking valuations of these different assets is essential to give investors In tokenised RWA confidence to invest
Looking forward to seeing this initiative come to life and contribute to the projectβs long-term growth!
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Thats good for the project lets finalize this stepps and get it going!
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I would like to include application for the Dubai DFSA Tokenisation Regulatory Sandbox. See the details here https://www.dfsa.ae/innovation/tokenisation-regulatory-sandbox
If ContinuumDAO is successful in its application, we would need to apply for a Dubai license in addition to the RAKDAO license, but I think that if we can afford it, it would be very beneficial
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S Selqui moved this topic from Ideas & Suggestions on
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S Selqui locked this topic on
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