Offshore Incorporation Marshall Islands
Marshall Islands |
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Population: |
60,00 (July 2005) |
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Currency: |
US dollar |
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Language: |
English |
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Time zone: |
GMT plus 12 |
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Centre's expertise: |
Offshore centre whose law borrows from both the US (Delaware) and UK |
General requirements |
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Type of entity |
IBC |
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Type of law |
Common Law |
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Shelf company available |
Yes |
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Time to establish a new company |
One working day |
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Taxation |
Nil |
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Double taxation agreements |
None |
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Forex restrictions |
None |
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Language & name restrictions on companies |
Must be in Roman characters but any language |
Share capital |
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Permitted currencies |
US dollar |
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Minimum paid up |
One share of par value |
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Usual authorized capital |
US$50,000 |
Directors and personnel |
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Minimum number |
1 |
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Local required |
No |
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Company secretary & qualifications |
Yes |
Shareholders and AGM |
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Minimum number |
1 |
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Disclosure requirements |
No |
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Publicly accessible records |
No |
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Obligations for annual meetings |
Yes |
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Location of AGM |
Anywhere |
Accounts |
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Requirement to prepare |
No |
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Audit requirements |
No |
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Account filing obligations |
No |
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Publicly accessible accounts |
No |
Other |
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Requirements to file annual return |
No |
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Change in domicile permitted |
Yes |
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Need to registered office |
Yes |
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Number of companies set up in last year |
unavailable |
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Total number of companies on register |
unavailable |