The Marshall Islands offers a quick and simple incorporation process, that offers a stable business environment and encourages foreign investment. The key benefits to incorporating a company in the Marshall Islands is the tax-free status, high levels of confidentiality as no requirements to publicly disclose shareholders and director information and relaxed accounting, reporting and auditing requirements. The features of a company incorporated in the Marshall Islands creates a simple business structure with simple company maintenance requirements and high levels of confidentiality.
International Business Corporations (IBCs) are one of the most widely used entities in the Marshall Islands.
We are able to begin the incorporation process immediately via a secure online form. To begin the incorporation process the three following items must be addressed on the form:
The online form is submitted to the Marshall Islands International Registry to start the incorporation process.
To complete the incorporation the following information is required for the International Registry:
An International Business Company is the most popular form of incorporation in the Marshall Islands as it has very few restrictions on the type of business activity it can engage in. This allows maximum scope for business activities but whilst keeping liability of shareholders and directors limited to the amount of capital invested. As an IBC is seen as a separate legal entity any business losses or debts are not placed upon the shareholders.
One of the first steps to incorporating a company in the Marshall Islands is choosing a company name. This name must be unique and not deceptively similar to any other company incorporated in the Marshall Islands. Names may be in any language that uses Roman characters and must end with the appropriate suffix, i.e. IBC to denote International Business Corporation.
Certain words or their derivatives are prohibited, for example 'Bank', 'Chartered', 'Foundation', 'Insurance', 'Trust', etc. Furthermore, words suggesting patronage to any government or country will be rejected.
Names may be reserved at the Registry for up to six months, in which time the company can be incorporated. We are able to conduct a name check on your chosen company name to ensure it complies with rules and regulations in the Marshall Islands and is not identical to another company already incorporated.
There is no minimum share capital requirements for a company in the Marshall Islands. Share capital can be expressed in any currency with the standard share capital being either 500 shares without par value or capital with a stated par value up to US$50,000. Any company that chooses an authorised capital above these amounts will incur a one off capitalisation tax. Companies in the Marshall Islands may issue registered shares, redeemable shares, preference shares or bearer shares. Bearer shares have the advantage of offering high levels of confidentiality and anonymity to shareholders as the physical owner of the share papers is considered to be the owner, with no registration or documentation of ownership required.
Only one shareholder is required for a Marshall Islands company, with no restrictions on nationality or residency. Furthermore, official registers of shareholders and their details are not required and nominee shareholders are possible; both offer high levels of confidentiality and offer anonymity for the company shareholders. Shareholders may be an individual or corporate, with no limit on the maximum number of shareholders and with directors being permitted as shareholders if necessary.
Only a single director is required for a company registered in the Marshall Islands, with no restrictions on nationality or residency. Nominee directors are permitted if required and there is no maximum number of directors. A corporate register detailing the information of the company directors is not available for public inspection offering confidentiality and anonymity to the company directors.
A company in the Marshall Islands requires a company secretary, whom may be of any nationality and have residency anywhere in the world. A company director or shareholder may also act as a company secretary and corporate entities are permitted.
All companies incorporated in the Marshall Islands must have a registered office where all official correspondents with the company may be send and where company documents may be legally served. As part of our incorporation package we are able to provide you with a registered office in the Marshall Islands.
There is no requirement to hold an annual general meeting of shareholders in the Marshall Islands as any action that may be taken at a meeting may also be taken in writing.
There are no requirements to file annual returns in this jurisdiction.
Non-resident offshore companies registered in the Marshall Islands not engaging in business activity in the Marshall Islands, are exempt from corporate taxation and as such there are no requirements for a company to file a tax return.
Once incorporated we provide a set of corporate documents for your Marshall Islands company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association and share certificates. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder.