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We help DAOs & Web3 projects incorporate in the Marshall Islands  

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Register your DAO or Web3 project with The Marshall Islands DAO (MIDAO) LLC

Inquire about incorporating your organization with MIDAO

Start the conversation by reaching out to MIDAO and providing some basic information about your DAO or Web3 project.

Start the conversation

Help MIDAO get to know your organization better

Next, MIDAO will help you through KYC and send you template documents such as an operating agreement to complete with their guidance.

Learn more

Complete your DAO LLC Registration in as little as 30 days

MIDAO will submit all of your documentation to the RMI, and will send you your DAO LLC charter after a short waiting period.

Register and pay now
Register and Pay Now
The talented MIDAO team helped us a lot and we as the KoinDX community are very happy to have such a reliable partner who took care of everything.

– KoinDX

Our experience with MIDAO was and continues to be a professional and pleasant exchange. We fully recommend other DAOs to leverage MIDAO registration services and could not be happier with our own incorporation.

– Pecunia.Finance

Setting up our non-profit DAO LLC with MIDAO was very straightforward, and the support and aftercare they have given us has been fantastic. Would recommend to any serious DAO project!

– Secret Network

Why incorporate your DAO or Web3 project as a for-profit or non-profit entity?

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Limited Liability

If you’re not recognized as a legal entity, all of your contributors are at significant risk. If you get sued, all of your contributors’ assets could be seized. Incorporating is the best way to avoid these risks. 

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The best way to protect your organization’s contributors is to incorporate it as a DAO LLC. This ensures everyone can keep their assets and their future earnings even if the organization is sued or under a legal crisis.

If your DAO or Web3 project gets sued, whether it is for-profit or not-for-profit, any number of these things could happen:
- Your contributors are liable, meaning their personal assets will be under attack. In other words, everyone will be paying up.
- Your anonymous contributors will have to share their identities. 
- You’ll need to create a centralized entity going forward, which is against your ethos of decentralization.

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Corporate Personhood

If you don’t have corporate personhood, your DAO can’t technically own any Intellectual Property or hire employees. Put simply, your DAO has no capacity to own assets, enter into agreements, or act as an entity in the corporate realm without incorporating first.

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If your DAO or Web3 project needs to open a bank account to manage fiat currencies, it’s impossible unless you establish corporate personhood. And, if you’re signing contracts and interacting with third-party companies outside of the organization, the contracts don’t hold up under the law without corporate personhood.

DAO Incorporation Tax Optimization
Tax Optimization

Without a tax entity, all your members can be held accountable for taxes on any net earnings your DAO generates. If you sell a bunch of NFTs, for example, your members would have to pay taxes on those gains, even if they never received any of the money.

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A MIDAO DAO LLC not only protects your members from having any tax reporting or liability, but the entity is also not taxed by the government. Think about all the money this will save you and your members!

Compare Legal Entity Options Worldwide

DAO Legal Entity Options
DAOs are recognized
Avoids US jurisdiction
No trustees or directors
Non-profit option
Low cost
Not on a blacklist

Delaware LLC

All limited links
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Own analytics platform
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Chat support
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Account Manager
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Wyoming DAO LLC

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All limited links
Own analytics platform
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Chat support
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Optimize hashtags
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Account Manager
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Number of articles

MIDAO DAO LLC

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All limited links
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Own analytics platform
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Chat support
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Optimize hashtags
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Account Manager
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Swiss Foundation

All limited links
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Check Icon
Own analytics platform
Chat support
Close Icon
Check Icon
Optimize hashtags
Account Manager
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Check Icon
Number of articles

Cayman/BVI Foundation

All limited links
Close Icon
Check Icon
Own analytics platform
Chat support
Close Icon
Check Icon
Optimize hashtags
Account Manager
Close Icon
Number of articles
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Panama Foundation

Check Icon
All limited links
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Own analytics platform
Chat support
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Optimize hashtags
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Account Manager
Number of articles
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Need help comparing options?

Download MIDAO's guide to DAO incorporation!

This guide was built to help you understand the benefits of incorporating your DAO and how the process of DAO incorporation works. We help you answer questions like:

Why should I incorporate my DAO? In what geographic jurisdiction should I incorporate my DAO? What legal entity type should I choose?

Download now
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A limited liability corporation (LLC) to protect you and your contributors

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Physical address in the Marshall Islands

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Automated Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT)

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Corporate personhood, which allows your organization to own assets and enter into agreements

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Annual document filing on your behalf

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White glove service from beginning to end

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Recognition of smart contracts

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A point person to work with the Marshall Islands government

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Help with creating your legal documents, such as your operating agreement 

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The opportunity to weigh in on legislation

How Incorporation
Works with MIDAO

Beneficial Owners Complete KYC (Know Your Customer)

All beneficial owners or members (those with 25%+ governance rights) must have current passports and complete KYC. Our third-party vendor validates their residency and citizenship and checks against sanctions and blacklists.

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DAO Formation

MIDAO provides the templates for your for-profit or not-for-profit LLC's founding documents

- Operating Agreement
- Certificate of Formation
- Foreign Investment Business License (FIBL) application

Step 3

MIDAO submits the signed documents for your DAO or Web3 project

Step 4

In about 30 days, you receive your Charter

Want to get started right away?

Register and pay now

Frequently asked questions

For more RMI specific info, check out our info sheet.

Why the Marshall Islands?
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The Marshall Islands provides a legal entity home for DAOs and Web3 projects. Registering as a non-profit LLC establishes corporate personhood without paying taxes to the Marshall Islands. And, the organization can register without a single person taking liability for the entire DAO or Web3 project. Instead of the entire organization signing an operating agreement, just the organization’s founders need to.

Does MIDAO offer both for-profit and not-for-profit DAO LLC options?
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MIDAO offers both for-profit and not-for-profit DAO LLCs in the Marshall Islands. Our for-profit DAO option became available in December 2022.

Our governance processes occur in a smart contract. How do we convey that to the Marshall Islands?
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We helped pass a law in the Marshall Islands that allows DAOs or Web3 projects to simply list the smart contract in which their governance processes take place. You won’t have to write out all the technical details or even list your members. Simply provide information on the smart contract and token, and you’re all set.

Are the Marshall Islands part of the U.S.?
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The Marshall Islands is a best-of-both-worlds spot for all types of DAOs and Web3 projects because it’s a sovereign nation that still receives protection and government services from the U.S. For example, the Marshall Islands uses the U.S. postal service and receives military protection, but it is not subject to the laws of the U.S. As an added bonus, lawyers around the world are comfortable working with the Marshall Islands because of its similarity to the U.S. and its history of traditional incorporation.

Does everyone in the DAO need to share their public identity?
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No, only members who hold a substantial portion of the tokens (more than 25% each) need to share their information. The remainder of the organization can remain anonymous.

How long does the process generally take?
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About 30 days.

If we incorporate, what does that mean about our tax obligations?
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A MIDAO DAO LLC protects your members from having any tax reporting or liability in the Marshall Islands. Non-profit entities are not taxed by the Marshall Islands government. For-profit DAO LLCs are taxed a 3% gross revenue tax, which is a tax on gross revenues that does not include dividends and capital gains.

Does MIDAO only incorporate DAOs?
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MIDAO's structure is designed to be flexible and adaptable to the needs of different DAOs and Web3 projects. We think most Web3 projects involve DAOs in some way, even if they don’t use the term “DAO.” Whether your project is a decentralized exchange, a crypto game, or anything else, MIDAO's structure can be customized to suit your unique requirements. We love talking to passionate crypto founders, so please don’t hesitate to reach out!

Do I need to be a registered company to use MIDAO??
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No, you do not need to be a registered company to use MIDAO's structure. We work with a range of entities, including both registered and unregistered companies. Some companies come to us seeking to add an entity to a preexisting structure, while most companies come to MIDAO seeking their first legal entity.

Do I need a lawyer to use MIDAO?
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You are permitted to use our service without any legal assistance. However, we highly recommend seeking the advice of a legal professional regarding your legal entity and other legal needs. We have a partner network of over 300 Web3 lawyers; ask us to connect you with the lawyer that is the best fit for your needs.

Have more questions?

Just reach out, we’re always around to answer any questions.

Contact us
Protect your contributors. Protect your assets. Incorporate today.
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Marshall Islands DAO

A podcast for people starting DAOs

Hosted by MIDAO CEO, Adam Miller
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