DAO Jurisdiction

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Table 1. Legal Receptivity to AEs in Representative Countries (ordered from greatest to least) Jurisdiction and entity type Are members or shareholders required? Is circular ownership prohibited? Are shareholder names reported? Must an AE manage through humans? 1. Cayman Islands LLC Yes No No No 2. RAK FTZ Offshore Co. Yes Weak prohibition Yes, to public No 3. United Kingdom Co. Yes Yes Yes, to public No, but requires one human director 4. P.R.C. LLC Yes No Yes, initiators to government One director, one supervisor 5. German GmbH Yes No Yes, to public One director 6. Japan LLC Yes No Yes, to government Representative 7. India LLP Yes No Yes, to government Two designated partners 8. Swiss LLC Yes Yes Yes, to public Managing director