As you already know, in addition to PV Solar Plants total capacity expanding, the main mission of Solar DAO is to become a part of the main Fund. In order to reduce the risks of possible claims against Solar DAO from regulators, we decided to implement the legal structure we previously described.

To allow Solar DAO team and participants get the desired result, for the Solar DAO project implementation purposes, we decided to register the company in Estonia.

Thus, Solar DAO now has the following legal info:

Business name: GOTOSOLAR OÜ
Address: Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K490, 10119
Tel .: +372 880 4272

What’s next?

The company is already registered and now****we are working on openning a bank account. At the same time, we prepare documents for obtaining the needful licenses. We expect it will take 2–3 months to receive licenses. Based on the results of this work, we plan:

  • Coordinate KYC / AML procedures with the Bank;
  • Get the licenses allowing us to exchange cryptocurrency and storage it;
  • Conduct test operations with the Bank’s concern;

Why Estonia?

Generally, Estonia is considered to be among the most favorable jurisdictions for ICOs in the world. According to the researchers, Estonia is in the top 15 countries in the world based on amounts of ICOs launched. According to ICO funding report , out of the total $240M raised in Estonia, 28% was collected through ICOs.

Estonia is often compared with countries such as Switzerland, Gibraltar, Lithuania, Singapore and some other, in having the similar approach to ICOs.

What do we get?

Since such registration is one of the most suitable and advantageous ways, now we have the opportunity to:

  • Own other entities in the countries of projects’ implementation;
  • Receive agency fees after selling ready projects;
  • Conduct the profit distribution between the tokenholders;
  • Participate in the main Fund;
  • Have the special licenses to exchange Fiat — Crypto for subsequent distribution.

**If any questions please ask the Solar DAO team via Telegram or simply through the comments. Stay with us, more news soon! **Join us: https://solardao.me/

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