Marshall Islands
The Marshall Islands, officially the “Republic of the Marshall Islands” is an island country located close the equator in the Pacific Ocean, slightly west of the International Date Line. The country’s population is only 53,158 people. Marshall Islands are having a modern corporate legislation which is mainly based on US corporate law and contains unique provisions enabling the use of British-style corporate management. Moreover, the Marshall Islands statutorily exempts all non-resident domestic companies from taxes on their income and assets.
Key Benefits:
- The share capital required for incorporation of a company, is as low as $1 USD.
- Marshall Islands are known for the extremely time efficient incorporation of a company procedure.
- Financial statements and annual returns form are not required.
- One of the highest standards in terms of confidentiality and information safety.
- Directors or shareholders are not required to have residency or even the requirement of the annual meetings to be held in the Marshall Islands.
Fact Sheet
General
| Type of Company | IBC |
| Political Stability | Excellent |
| Type of Law | Common |
| Disclosure of Beneficial Owner | No |
| Migration of Domicile Permitted | Yes |
| Corporate Taxation | None |
| Language of Name | Roman characters, any language |
Corporate Requirements
| Minimum Number of Shareholders/Members | One |
| Minimum Number of Directors/Managers | One |
| Corporate Directors/Managers Permitted | Yes |
| Company Secretary Required | Yes |
| Usual Authorised Capital | US $50.000 |
Local Requirements
| Registered Office/Agent | Yes |
| Company Secretary | No |
| Local Directors | No |
| Local Meetings | No |
| Government Register of Directors/Managers | No |
| Governement Register of Shareholders/Members | No |
Annual Requirements
| Annual Return | No |
| Submit Accounts | No |
Recurring Government Costs
| Minimum Annual Tax/ License Fee | N/A |
| Annual Return Filing Fee | N/A |