Marshall Islands Company Restoration
A company struck off by the Marshall Islands Maritime & Corporate Administrators may apply for restoration for the purpose of recovering assets or to continue trading. We can assist with the restoration of a Marshall Islands’ company.
Once the Marshall Islands Registry is satisfied that all outstanding debts to the Republic of the Marshall Islands have been paid, and that company has again retained a qualified registered agent, the company can be restored to good standing as if it had never been struck off.
Marshall Islands Company Restoration Fees
- Marshall Islands Registry reinstatement fee – $5000
- Registry Late fee per year – $650
- Our Assistance fee to Restore Marshall Islands Company – £680
A company incorporated in the Marshall Islands can be restored by the registered agent on record, or the agent may be changed to a new agent undertaking the company restoration.
To change the registered agent, the Registrar must obtain consent from the current registered agent (the last known address of record) to move forward with the reinstatement process and to change the address of record.
As there is no mandatory register of directors, officers, shareholder or beneficial owners for non-resident domestic entities in the Marshall Islands, the only way the Registrar is able to ensure that requests to change registered address or restore a company is from the proper parties is to insist that the request comes from the current registered agent.
Whenever the Republic of the Marshall Islands Registrar for Non-Resident Domestic Entities (“Registrar”) receives a request for a reinstatement from anyone other than the current address of record, the Registrar must obtain consent of the last known address of record to move forward with the reinstatement process and change the address of record.
This step is undertaken to protect the interests of the entity, providing a confirmable chain of custody over the entity. As there is no mandatory register of directors, officers, shareholders, or beneficial owners of non-resident domestic entities, the only way the Registrar is able to ensure that requests are being received from the proper parties is to adhere to this practice.
If there is a dispute between the address of record and the requesting party, the matter is exclusively between those parties to resolve without the Registrar’s involvement.
Company Directors and Shareholders
When your Marshall Islands company is restored, the previously listed directors, shareholders and the registered office are assumed to be the same.