Contracting and Grants

Does the Marshall Islands Require KYC or Related Filings when Distributing Funds?

• Whenever any organization pays or grants money, it has to follow any filing requirements that might exist in the local jurisdiction of the receiving person or entity.

• There is no filing requirement in the Marshall Islands when DAO LLCs make payments or grants to other people or entities.

DAO LLCs Entering into Contracts

• DAO LLC can enter into contracts just like regular LLCs can. As long as there is no specific reason why the service provider chooses not to do business with a DAO LLC, DAO LLCs may enter into contracts and other agreements with any other parties.