Establishing a company in the Marshall Islands
The Marshall Islands has become one of the world’s most respected offshore jurisdictions following the implementation of the International Business Companies Act in 1990. Due to its location in Micronesia, the United States, China, Japan and Australia are among its largest trading partners. The official languages are English and Marshallese. The official currency is the US dollar.
The Marshall Islands are particularly sought after for their high level of privacy, low cost of securing an offshore company, and favorable tax legislation. The legislation there distinguishes several types of companies, such as International Business Company (IBC), General Partnership or Limited Partnership.
The legal form of the company
International Business Company (Ltd.)
Legislation
Influenced by Anglo-American law (common law) The Business Corporations Act (BCA) of 1990 as amended
Time of incorporation
On delivery of all necessary documents usually incorporated within 1 day, documents delivered within 2 weeks
Shareholders
- Minimum number: 1
- Form: natural and legal person
- Permanent residence/residence: need not be in the Marshall Islands
Directors
- Minimum number: 1
- Form: natural and legal person
- Resident/domiciled: not required to be resident in the Marshall Islands
- Other: local executive suitable for a higher level of anonymity
Share capital
No minimum amount
Shares in bearer form
Allowed
Taxes
IBCs are exempt from all taxes provided the business and management of the company is conducted outside the state. Such a company is formally considered a non-tax resident, does not have to file a tax return, has no tax identification number assigned and does not pay VAT. Also, the shareholder is also not a taxable entity. The IBC pays only an annual flat fee.
Accounting
Obligation to keep accounts and information on where they are kept, but no accounts are filed
Audit
Optional
Anonymity and confidentiality
The company register is not publicly accessible (the names of shareholders and directors are known only to the registration agent)
Other
- Registered office: obligation to maintain a registered office in the Marshall Islands
- General Meetings: can be held anywhere in the world
- Pre-established companies: yes
- Other: declared jurisdiction for registration of marine yachts and ships
Interested in more?
Complexity
Establishment of the company, its settlement, delivery of apostilled documentation, bookkeeping. All under one agency.
Support
Do you have a foreign company and don’t know if you have fulfilled all your legal obligations? We can help you to check and comply with all government requirements.
Management
Are you dissatisfied with the performance of your directors? Are they not meeting deadlines? Try us.
Fair price
Do you already have an offshore company? Do you want better conditions? Change your registration agent.
Quick contact
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Žitná 562/10
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Praha 2, 120 00
Our partners
In 1996 we became a registration agency as Parker & Hill Ltd. In 2011 we underwent a transformation and began to operate internationally under Parker & Hill Inc.
We are a member of the international consortium NWMS Ltd. We incorporate companies directly for you within 16 jurisdictions. We are not re-seller, we are the registration agency.