The Republic of the Marshall Islands is a sprawling chain of volcanic islands and coral atolls in the central Pacific Ocean.
It comprises over 1,200 islands, and geographically, is part of the larger island group of Micronesia. With only around 5,000 visitors a year, it is one of the world’s least visited countries.
As an independent sovereign nation, the Marshall Islands has full control over its democratic processes. The legal foundation for the Marshall Islands is derived from Delaware State Law, which is itself very versatile and favourable for businesses, making it a sensible choice for those wishing to register an Offshore Company. The Marshall Islands also holds one of the largest registers of ships, making it the perfect location for those wanting to own and manage sea going vessels.
Why The Marshall Islands?
The Marshall Islands is arguably one of the most confidential jurisdictions in the world. Similar to other offshore jurisdictions, there is no public register of Directors and Shareholders. Uniquely however, it is one of the very few jurisdictions where Bearer Shares are still permitted. Bearer shares differ from registered shares by excluding the name of the holder of the shares from the share certificate, adding an additional layer of privacy. Another advantage of a Marshall Islands Offshore Company is that incorporation is one of the fastest in the world, usually formation is complete within 24 hours.
Benefits
- No tax on profits
- No tax capital gains
- No stamp duty on business transactions including property transfer and shareholding.
- No public register of Directors or Shareholders
- No paid-up capital requirement
- No annual accounts filing requirements
- No annual reporting requirements
- Shareholders` meetings can be held anywhere, and also by electronic means
- Nominee services are permitted and widely used
Requirements for forming a Marshall Islands Company
- Exceptionally fast incorporation – Companies are formed within 1 day
- Can have one or more subscribers and thereafter multiple shareholders
- Can have one or more directors
- Company Secretary is required but does not need to be local resident
- Directors or Shareholders may reside anywhere in the world
- Annual meetings may be held anywhere in the world
- Initial share capital required for incorporation is only $1 USD
- No public record of directors or shareholders
- No requirement for annual returns
- Accounts are not required to be filed with government authorities but must be prepared and maintained privately
- Annual Government licence fee of US $450.00
Offshore Banking
To accompany your new Company Incorporation we offer a wide range of Offshore Banking options for you to choose from. If you are not sure which would be most suitable for you, get in touch with our expert team.
More Offshore Company Jurisdictions
Since 1998 we have been forming companies all over the world. You can choose from more than 25 of our standard locations or ask us about locations that you do not see listed.