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.
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 |
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 |
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 Return | No |
Submit Accounts | No |
Minimum Annual Tax/ License Fee | N/A |
Annual Return Filing Fee | N/A |