MIDAO Docs
  • The Marshall Islands (RMI) DAO LLC
    • The Marshall Islands (RMI) DAO LLC vs. Other Jurisdictions & Legal Forms
    • MIDAO Intro and History
    • Importance of Incorporating a DAO or Web3 Project with a Legal Wrapper
    • The Marshall Islands Jurisdiction History and Further Context
    • Solutions: is the DAO LLC Only for DAOs?
  • MIDAO Pricing & Services
    • Pricing, Cost Comparison, & Payments
      • Refunds
    • Referrals and Resellers
    • MIDAO Services
  • DAO LLC Structuring
    • DAO LLC Operating Agreements & Amendments
    • Members, Membership Interests, Managing Members
    • Non-Profit vs. For-Profit
    • Protocol Separation & DevCos, OpCos, LabCos, etc.
    • Series DAO LLCs
    • Use of Smart Contracts
    • Entities as Members or Subsidiaries
    • Contracting and Grants
  • RMI DAO LLC Registration & Compliance
    • KYC/KYB and Beneficial Ownership Reporting
    • Naming Your DAO LLC & DBA (Doing Business As)
    • Public Registry & Certified Documents
    • Nominees & Independent Management Service Providers
    • Tokens & Securities Laws
    • Virtual Asset Service Providers (VASPs)
    • Annual Filings
    • Taxes on For-Profit DAO LLCs
    • Name Change Process
    • Dissolution
  • Getting Bank, Exchange, and Other TradFi Accounts
    • Passing KYC/KYB with Banks, Exchanges, and Other TradFi Providers
    • Recommended Banks and Fintechs
  • RMI DAO LLC Case Studies & Examples
  • Relevant RMI Laws and Regulation
    • DAO LLC Litigation
  • Legal Disclaimer
  • Contact MIDAO
Powered by GitBook

Legal Disclaimer

  • See Full Legal Disclaimer

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
  • 3% Gross Revenue Tax (GRT) on For-Profit DAO LLCs
  • Non-Profit DAO LLCs are Tax Free

Was this helpful?

Export as PDF
  1. RMI DAO LLC Registration & Compliance

Taxes on For-Profit DAO LLCs

3% Gross Revenue Tax (GRT) on For-Profit DAO LLCs

  • For-Profit DAO LLCs in the Marshall Islands must pay a 3% gross revenue tax. The GRT is a tax on top-line revenue but does not apply to capital gains, dividends, or invested capital.

  • Members of LLCs, including the For-Profit DAO LLC, usually have pass-through taxes in their own tax jurisdictions (e.g. the IRS for US Citizens) on the company's income. Please consult a local tax advisor to understand your potential pass-through tax implications.

  • These taxes can be paid to MIDAO in most popular cryptocurrencies, which are then converted and sent to the Marshall Islands government as fiat dollars.

Non-Profit DAO LLCs are Tax Free

Non-Profit DAO LLCs do not have any taxes, nor should they have any pass-through taxes in any jurisdiction MIDAO is aware of, as they have no economic owners, and members have no economic rights.

PreviousAnnual FilingsNextName Change Process

Last updated 5 months ago

Was this helpful?