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MIDAO is not a law firm and does not provide legal services or advice. MIDAO recommends seeking independent legal advice regarding all decisions regarding Marshall Islands legal entities and related legal matters.

On this page
  • DAO LLC Related Laws
  • Non-Profit Entities Act Amendment - 2021
  • DAO Act as Amended - 2023
  • DAO Regulations - 2024
  • Other Business Association Laws
  • Banking Act Amendment
  • Find other RMI Laws on the Njitela (RMI Parliament) Website

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Relevant RMI Laws and Regulation

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Last updated 6 months ago

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DAO LLC Related Laws

This law was the first Web3 & DAO law in the Marshall Islands, which created Non-Profit DAO LLCs and removed requirements such as knowing the names and addresses of all members, having managers, and having to get a local bank account.

This law introduced For-Profit DAO LLCs and added clarity around the application of laws such as the Income Tax Act, Securities Act, and other RMI Laws.

This regulation simplified and clarified the registration process (and related forms) for DAO LLCs in the Marshall Islands.

All the DAO LLC related laws build on the Delaware-based corporate law system of the Marshall Islands, most of which can be found provided by IRI, the RMI offshore registry for companies other than DAO LLCs.

Note that not all of the language of these corporate laws applies, as it is modified by the above DAO LLC related laws.

The Banking Act Amendment of 2020 introduced the definition of a VASP and required licenses for VASPs (e.g. exchanges and banks) wishing to domicile in the Marshall Islands. These licenses are not currently available. Read more .

Note that the Nitijela website's content library is out of date; please contact MIDAO for the latest copies of any laws or regulations.

Find other RMI Laws on the

Non-Profit Entities Act Amendment - 2021
DAO Act as Amended - 2023
DAO Regulations - 2024
Other Business Association Laws
here in this 2020 compilation of RMI corporate law
Banking Act Amendment
here
Njitela (RMI Parliament) Website