Marhall Islands

Offshore IBC Company

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Company Formation in Marshall Islands

The Marshall Islands, officially the Republic of the Marshall Islands is an island country located near the equator in the Pacific Ocean, slightly west of the International Date Line. Geographically, the country is part of the larger island group of Micronesia.

After almost four decades under US administration as the easternmost part of the UN Trust Territory of the Pacific Islands, the Marshall Islands attained independence in 1986 under a Compact of Free Association.

The legal system in the Marshall Islands is patterned on common law proceedings as they exist in the United States. The country has a judicial branch composed of a Supreme Court, a High Court, a Traditional Rights Court, District Courts, and Community Courts.

A Marshall Islands offshore company is a very flexible, tax free structure, with few restrictions on the business that the company can engage in. It can carry out virtually any legal business activity, except banking, insurance, trust and online gaming.

The administrative capital is Majuro which is the capital of the islands, as well as Marshall Islands companies registry Majuro. The local currency is the US dollar, with English and Marshallese being the islands two most widely spoken languages.

Companies that do not derive any income from sources in Marshall Islands are not subject to tax.

Advantages of company incorporation in Marshall Islands:

A stable offshore jurisdiction, a Marshall Islands offshore company is an ideal corporate vehicle for international financial transactions;

English is the official language and all the workplace, including contracts written, assessed are implemented in English;

The 1990 Marshall Islands Association Law is modeled after Delaware corporate law. Neither corporate tax nor withholding taxes are levied on assets or income originating outside of the Marshall Islands.

No taxes of any sort – Corporation tax 0%, Tax on Dividends – 0%, Withholding tax – 0%;

In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee;

There are no restrictions on foreign Directors or Shareholders, individual or corporate;

Extremely low share capital required for incorporation of only $1 USD.

There is no withholding tax on interest, dividends and royalty, no capital gains tax for Marshall Islands offshore;

Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Marshall Islands;

Nominee services are available for Marshall Islands company formation;

No requirement for filing of financial statements or audit;

Board Meetings can be held anywhere in the world.

Summary of Marshall Islands Company and main characteristics:

General Information 
Type of companyPrivate Limited Company by shares
Corporate LegislationMarshall Islands Associations Law of 1990
TaxationNo taxes of any sort.
Corporation Tax – 0%
Tax on Dividends – 0%

Withholding tax – 0%
CurrencyStandard Currency USD$
Share Capital can be in USD$
Paid up capital requirementNo paid up capital required
Time zoneMHT (UTC+12)
Directors
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredNo
Local Secretary requiredNo
Registered office requiredYes
Share Capital
Standard CurrencyUSD$
Standard Authorized CapitalUSD$ 50,000
Minimum paid up capitalUSD $1
Accounting Requirements
Preparation of accountsNot required
Requirement for auditNo
Accounts public accessibleNo
Requirement to file Annual ReturnNo
Further Information
Bearer sharesYes
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Register your Marshall Islands Company

Company Formation – with all services included for the first year: € 2000;

Certificate of Incorporation;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of 50,000USD$ or less, as per client’s request;

Local Registered Office Address;

Registered Agent;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: 1400

Local Registered Office Address;

Registered Agent;

Government annual fees;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request: € 800

Nominee Shareholder – Individual or Corporate as per client’s request: € 800

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: € 500

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements: € 450

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements: € 450

Legalization of Documents:

  • Document Notarization per document: € 500
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.

Company Seal: € 100

Company Rubber Stamp: € 150

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review: € 75/hour

Accounting & Bookkeeping – Quotation based on each particular case.