MARSHALL ISLANDS Company - Offshore Company Formation

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MARSHALL ISLANDS Company - Offshore Company Formation JURISDICTIONS & FEES

• General
• Type of Company : Non-Resident
• Political Stability : Good
• Standard Authorised Capital : No
• Tax on Offshore Profits : Nil

• Corporate Requirements
• Local Registered Office and Registered Agent Required : Yes
• Minimum Number of Directors / Managers : 1
• Local Directors Required : No
• Corporate Directors Permitted : Yes
• Minimum Number of Shareholders / Members : 1
• Local Shareholders Required : No
• Corporate Shareholders Permitted : Yes
• Company Secretary Required : Yes
• Bearer Shares Allowed : Yes, but not available

• Annual Requirements
• Filing of Annual Return : No
• Submit Audited Accounts : No
• Min. Annual Tax / Licence Fees : US$150
• Shelf Companies Available : No

MARSHALL ISLANDS - Offshore Company Formation GENERAL INFORMATION

• MARSHALL ISLANDS INTRODUCTION
  The Marshall Islands are located midway between Indonesia and Hawaii and are the eastern-most island group in Micronesia. The Marshall Islands cover approximately 2 million sq. km in the Central Pacific Ocean, with two 1,280 km long parallel chains of atolls and volcanic islands separated by 179 km of sea. The islands have a population of just over 43,000 most of who live in the capital Majuro. An important industry is large-scale commercial fishing. Japanese fishermen, who are licensed to fish Marshallese waters, haul in over 40 million pounds of tuna and billfish each year. The export of coconuts (copra) is another important economic factor.

• MARSHALL ISLANDS LANGUAGE
• The official languages spoken are Marshallese and English.

• MARSHALL ISLANDS TYPE OF LAW
• Common Law based on Anglo/American Common Law.

MARSHALL ISLANDS Company Information

• MARSHALL ISLANDS Company TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
• Non-Resident Corporation

• MARSHALL ISLANDS Company TIME TO INCORPORATE
• One Day, but allow two working days for receipt of documentation.

• MARSHALL ISLANDS Company RESTRICTIONS ON NAME AND ACTIVITY
• Any name is acceptable for a Marshallese company, provided it is not identical to an existing company. The following words or their derivatives may not be used: bank, chartered, establishment, foundation, insurance, partnership or trust.
• Names must end with one of the following words, or their relevant abbreviations - Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima.

• MARSHALL ISLANDS Company CLASSES OF SHARES PERMITTED
• Registered shares, bearer shares, preference shares, redeemable shares, shares with or without a par value and shares with or without voting rights.

• MARSHALL ISLANDS Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
• No.

• MARSHALL ISLANDS Company LICENCE FEES
• The annual government licence fee is US$150.

• MARSHALL ISLANDS Company TAXATION
• All Non-Resident corporations are exempt from taxes.

• MARSHALL ISLANDS Company FINANCIAL STATEMENT REQUIREMENTS
• Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

If you would like further information concerning MARSHALL ISLANDS Company Incorporation, please contact our professionals and we will provide you with free advisory.

Offshore Company Listing

• In order to meet different demands from clients, we are providing the following offshore company formation service Acting as a holding company International trade Investment .

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