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Marshall Islands is part of the Micronesian islands situated in the Pacific Ocean. It has a population of approximately 62,000. It is one of the fastest IBC registrars in the world with the Marshall Islands Companies and Maritime Registry being the 5th busiest in the world.

Snapshot

  • Population: 62,000
  • Currency: US Dollars
  • Language: Marshallese and English
  • Time zone: GMT plus 12

Company Setup Requirements

  • Minimum 1 Shareholder + 1 Director
  • 1 Company Secretary

Features of Marshall Islands Offshore Companies

  • No minimum capital required
  • Income is tax exempted
  • No capital gains or withholding tax.
  • No annual reporting or auditing is required for IBC
  • Corporation formation in one day

General
Type of Company : IBC
Political Stability: Excellent
Common or Civil Law: Common
Disclosure of Beneficial Owner: No
Migration of Domicile Permitted: Yes
Corporate taxation: None

Corporate Requirements
Minimum Number of Shareholders: 1
Minimum Number of Directors: 1
Corporate Directors permitted: Yes
Company Secretary required: Yes
Usual authorised Capital: US$ 50,000

Local Requirements
Registered Office/Agent : Yes
Local Directors: No
Local Meetings: No
Government Register of Directors: No
Government Register of Shareholders: No

Annual Requirements
Annual Return: No
Submit Accounts: No
Marshall Islands is a zero tax jurisdiction with which non-resident corporations are exempted from taxation on their income and assets. Marshall Islands is made of 29 atolls and 5 islands situated in the Pacific Ocean. Equipped with modern telecommunication system and computerization of both the public and private sector, the country is compatible for most modern businesses. Marshall Islands offers a modern and attractive business and financial center for international companies and especially popular among maritime companies. Marshall Islands IBC is a tax-free corporation designed for engagement into all forms of international business, with no reporting and minimum record-keeping requirements, and comprehensive confidentiality features.

Features of Marshall Islands IBC

  • There is no minimum capital requirement.
  • Shares can be issued with or without par value in a variety of forms and classifications and may include voting or non-voting, Preferential or Common etc.
  • Shares may be issued for money or for other valuable consideration.
  • Shares are issued in registered form only; Bearer shares are no longer permitted.
  • Minimum one shareholder and one director are required.
  • Shareholders, directors and officers need not be resident in the Marshall Islands and can be of any nationality.
  • Directors and/or officers can be either corporate entities or natural persons
  • Appointment of company secretary is required and can be of any nationality and need not be resident in Marshall Islands.

Merits of Marshall Islands IBC

  • Corporate formation can be obtained in one day.
  • Directors, officers and shareholders may be of any nationality and may reside anywhere. The meetings may be held in any location or proxy if desired.
  • The corporate headquarter (where the records are kept) can be located in any country.
  • Facsimile filing is permitted but the signature must be legible and accompanies the printed name and title of the signatory.
  • Corporate documents may be executed by a single officer or an authorized personnel of the corporation. Notarization and consular approval are not required.
  • No annual reporting or auditing is required for IBC.
  • There is no foreign exchange control.
  • Competitive incorporation fees and license fees.
  • Absolute confidentiality, the Memorandum and Articles of Association are the only documents to be held on the public record.
  • Ready-made shelf companies are available.

Limitations of Marshall Islands IBC

A Marshall Islands IBC shall not
  • Do business with residents of the Marshall Islands.
  • Own interest in real property in the Marshall Islands.
  • Carry on business in banking or trust and insurance or re-insurance. business, except if the appropriate license is granted.