Marshall Islands Offshore Company

Set Up a Company in the Marshall Islands

 

Marshall Islands is part of the Micronesian islands situated in the Pacific Ocean. The country is a modern and stable corporate jurisdiction that provides the flexibility and the confidentiality that is required from corporate users.  The Marshall Islands International Business Company (IBC) is a tax-free corporation designed for business and individuals looking for a hassle free jurisdiction to conduct their international business needs.

Company Setup Requirements for Marshall Islands (IBC)

  • Minimum 1 Shareholder
  • Minimum 1 Resident Director
  • Minimum Paid-up capital of US$1
  • For a Marshall Island (IBC) Company the Shareholder, Director and Corporate Secretary can be the same individual and or corporate entity.

Features of a Marshall Islands (IBC)

  • No minimum capital required
  • No capital gains tax
  • No withholding tax
  • Annual reporting or auditing is not required
  • Local Registered Office required
  • No disclosure
  • No Statutory requirements to hold AGM
  • Income is exempted from local taxation

Law

The Business Corporations Act is the principal statute of the Marshall Islands relating to company law, regulating both offshore companies and local companies. The Marshall Islands Associations Law of 1990 is the alw that govern that all non-resident companies from having to pay any type of local taxes.

The Law of the Marshall Islands entrenches elements from both the US and the UK, promoting it as top class financial center to operate your International Business.

 

Steps to Register a Marshall Islands

Steps
1Prepare due diligence documents and forms for incorporation;
2Perform Company Name Search with the Marshall Islands Registrar
3Submit approval for company name with the Marshall Islands Registrar
4Submit signed incorporation forms;
5Receive Business Registration Certificate
6Open corporate bank account

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