Offshore company formation in Marshall Islands
Advantages of an international business company (IBC) in the Marshall Islands:
The share capital – no specific minimum capital requirement. The standard authorized share capital is 500 shares without par value or a capital with the stated par value up to US$ 50.000,00. The authorized share capital may be expressed in any currency. The minimum issued share capital is either one share of no par value or one share of par value. Marshall Islands’ corporations may have registered shares, bearer shares, preference shares, redeemable shares, shares with or without par value, and shares with or without voting rights.
What are the steps to forming a Marshall Islands company
Opening an offshore bank account
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Frequently asked questions
The Marshall Islands is an island country located near the equator in the Pacific Ocean. Geographically, the country is part of the larger island group of Micronesia.
The islands are located about halfway between Hawaii and Australia.
The Republic of the Marshall Islands (RMI) Associations Law, adopted in 1990, is largely modeled after the corporate laws of the United State state of Delaware. The RMI Associations Law governs all aspects of corporate activity and the administration of non-resident domestic entities in the RMI exempting all non-resident companies from having to pay any type of local taxes.
The Republic of the Marshall Islands (RMI) Associations Law is one of the most modern sets of statutes in the world. The RMI Associations Law contains the Business Corporations Act (BCA), Revised Partnership Act, Limited Partnership (LP) Act, and Limited Liability Company (LLC) Act.
Marshall Islands IBC – an International Business Company – is the most popular and versatile type of offshore corporation available in the Marshall Islands. Similar to other classic offshore companies, Marshall Islands IBC is designed to engage in international business. Being an IBC, it is subject to minimum red tape. While being obliged to keep internal records and registries in good order, a Marshall Islands IBC does not have to submit any financial reports to public file. There is also no mandatory audit requirement.
Main key features and advantages:
1. Bearer shares are allowed
2. No audited accounts or annual returns are required to be provided to the Government
3. Wide range of permitted activities
5. Directors and owners are confidential and information does not have to be provided to either the Government or the Public
Non-resident domestic corporations are “statutorily” exempt from Marshall Islands taxes (zero tax jurisdiction).
The Marshall Islands has no tax information exchange treaties and does not cooperate with the OECD on information exchange.
Nominee Service consists of Nominee Director and/or Nominee Shareholder. Both, corporate and individual Nominee Directors and Shareholders are not available in the Marshall Islands and are only available internationally.
While being obliged to keep internal records and registries in good order, a Marshall Islands IBC does not have to submit any financial reports to public file. There is also no mandatory audit requirement.
In the Marshall Islands, companies are required to maintain, internally, such accounting records that enable the financial position of the company to be reasonably determined at any time. However, there is no requirement to file any financial information on public record, nor is there any audit requirement.
- Certificate of Incorporation
- Endorsement Certificate
- Articles of incorporation
Directors and owners are confidential and information does not have to be provided to either the Government or the Public. The Marshall Islands has no tax information exchange treaties and does not cooperate with the OECD on information exchange.
Names are required to be filed with the Registered Agent if the company is engaged in soliciting funds from the public and/or engaged in other similar investment activities on behalf of other persons or companies.
The following names require licensing to be used: bank, charity, establishment, foundation, insurance, partnership, trust, assurance, or re-insurance. Any name which is identical or similar to an existing Marshall Islands company cannot be used.
The following words can not be used in the name of Marshall Islands corporation: TRUST, BANK, INSURANCE, FOUNDATION, CHARITY.
For Marshall Islands IBC, we can assist you with the bank account opening internationally. The banks we cooperate with are reliable financial institutions with a long tradition in private and corporate banking. Our clients are provided with excellent customer service, online banking, Visa and/or Master cards, and other services, such as factoring, foreign exchange, savings, and specialized banking solutions.
What our clients say
Call us and we will start the process of opening a company today or schedule a consultation if you have any doubts