Best jurisdiction for a DeFi Protocol in 2026

Permissionless on-chain protocol with treasury and governance. Below: the jurisdictions we actually shortlist, ranked by fit for this profile.

1
ADGM (Abu Dhabi)
0% on qualifying income (9% otherwise)
Office and director presence required

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Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.