Annual Filings#

• Marshall Islands DAO LLCs complete annual filings and pay annual fees every January.
• Annual filings are completed through a digital portal and include the following steps:
  • Complete the annual fee payment, and verify the company's treasury and funding amount (which determines the annual fee level).
  • Submit the most recent version of their Operating Agreement (if updated).
  • Submit a Beneficial Owner Information Report (BOIR) (opens in new tab).
    • If there are changes to who is listed on the BOIR form, the new natural or legal persons (i.e. companies) listed in the report must complete KYC/KYB.
    • Learn more about beneficial ownership reporting and KYC/KYB here.
  • Submit a Representative Agent Form (opens in new tab) (if the Representative Agent needs to be updated).
  • Submit the Annual Filing Form (opens in new tab).
  • If the DAO is for-profit, it must also report its revenue for tax purposes and pay its taxes.

Annual Filings as a Compliance Refresh#

• Annual filings also serve as a compliance refresh. If the DAO LLC's ownership, governance, activities, jurisdictions, or risk profile has changed, MIDAO may require updated KYC/KYB, beneficial ownership information, Representative Agent information, source-of-funds information, treasury information, or other details as part of the filing.

Overdue Filings#

• If a DAO LLC is overdue on annual fees or filings, the Marshall Islands government will mail paper letters to the registered agent address. These paper letters are not sent when fees and filings are completed on time. To avoid paper correspondence, please complete annual filings on time through the annual filing portal.