Overview of Marshall Islands company

 

The magical beauty of the Marshall Islands is strikingly idyllic. If you are looking for a unique platform to land your business on, Marshall Islands is one of the easiest and attractive choices.

 

The Marshall Islands limited liability offshore company (LLC) and corporation are quite simple to set up and maintain. The 1990 Marshall Islands Association Law is modeled after Delaware corporate law. Neither company corporate tax nor withholding tax are levied on offshore company assets or income originating outside of the Marshall Islands.

 

Regardless if it is a offshore LLC or Corporation, a Marshall Islands company can be used in various ways: as a basic one-man trading company, as a principal company in an agency structure, or as a holding structure for owning real estate or foreign company shares.

 

Advantages of Marshall Islands Offshore Company Formation

 

1.   Marshall Islands company registration is a good option for establishing a holding or investment company.

2.  There is no minimum capital requirement for Marshall Islands company registration.

3.  A Marshall Islands company only requires one shareholder and one director to complete company incorporation. The shareholder or director do not have to be resident in the Marshall Islands, and can be any nationality.

4.   Directors and owners are confidential and information does not have to be provided to either the Government or the Public.

5.  It is not necessary to submit annual financial statements or tax returns following Marshall Islands company registration.

6.  It is easy to open corporate bank accounts to support a Marshall Islands company.

7.  When structured properly, Marshall Islands company formation can be a legitimate way to book international profits without paying tax.

8.  Dual language filings (standard documents are already available in Spanish, France and Chinese as well as others)

 

Some Key Features of Marshall Islands Company

 

1. Name restrictions
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, foundation, insurance, charity.

 

2. Business restriction
The most popular company form used by international investors is Marshall Islands is non resident corporation. A Company incorporated in the Marshall Islands has the same powers as a natural person. Cannot trade within the Marshall Islands. Cannot undertake the business of banking, trust services, insurance, assurance or reinsurance.

 

3.Registered office and local agent – required

 

4. 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, and redeemable shares, shares with or without par value and shares with or without voting rights.

 

5. Shareholders – minimun one (1)

 

6. Directors – minimum one (1)

 

7. Secretary of the company – a company secretary could be a private person or a legal entity. The company secretary can be of any nationality and need not be resident in the Marshall Islands

 

Required documents for Marshall Islands offshore company formation

 

1.  A completed Marshall Islands company registration application form

2.  Name of the company (2-3 names of your choice)

3.   A passport copy of the offshore company’s shareholder and director; beneficial owner and company attorney (if nominee service is to be used)

4.  Proof of residential address (address stamp in domestic passport or copy of a utility bill less than three months old)

5.  The offshore company formation cost 

 

For further information or assistance, please feel free to contact us

 

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