A Marshall Islands International Business Company (IBC), known as a Non-Resident Domestic Corporation, is the country's premier and most popular offshore company formation vehicle.
Its high attractiveness is due to a number of unique advantages, giving Marshall Islands offshore companies an unprecedented array of business possibilities. For example, a Marshall Islands' company may be taken public, raise capital, carry out third-party trading, act as an investment advisor and conduct business in any activity except banking, trust, insurance or gaming.
Marshall Islands Company Law
A Non-Resident Domestic Company is governed by the Business Corporations Act, which is under the Marshall Islands Associations Law of 1990, exempting all non-resident companies from having to pay any type of local taxes. The jurisdiction has a modernized corporate law that combines elements from both the US and the UK, making it a first class offshore financial centre.
The Marshal Islands has outstanding asset protection legislation and has long declined to collaborate with the OECD on any tax information exchange agreements. Non-Resident Companies are also not required to file audited accounts, annual returns, or submit any financial records, details of its owners or any shareholder of the company, all the details of which are kept confidential. Although the Marshall Islands jurisdiction is largely unknown, it remains one of the best offshore financial destinations in the Pacific.
Advantages of a Marshall Islands Corporation
No taxes of any kind
Only one Director is required
Single ownership is possible
Modern corporate legislation
Flexible corporate structure
No public register of company officers including Director Shareholder and Secretary
Nominee services are available.
English is the official language
Name of company can be in any language that uses the Latin alphabet
Wide range of business possibilities
Confidentiality ensured for Directors and beneficial owners
No audited of account sis required
No requirements to file accounts or annual accounts to the Government
No tax information exchange agreements
Meetings are not required
No exchange controls
Stable economic and political jurisdiction
Highly reputable offshore market
Many different types of shares are allowed to be issued
Asset management and protection
Real Property Holding
Holding securities and bank accounts
Trust and estate planning
Holding patents and trademarks
Marshall Islands Company Incorporation Packages Includes:
Government Registration Fee (First year)
Registered Office Address (First year)
Registered Agent Services (First year)
Company Secretarial Maintenance
Certificate of Incorporation
Memo & Articles of Association
Appointment of 1st Directors
Consent Actions of the BOD
Register of Directors
Register of Officers
Register of Shareholders
FREE Phone and/or email consultations
Marshall Islands Incorporation Requirements for an Offshore Company
Marshall Islands company registration requirements are very simple and straightforward. The Marshall Islands jurisdiction uses a single company in which to incorporate all of its non-resident companies. The following information is needed to complete the process, together with the appropriate fees and the Articles of Incorporation:
Number of shares and structure
Copy of passports
Contact and physical address details
Marshall Islands Tax of a Business Company
There are no taxes for any Marshall Islands Non-Resident Domestic Corporation. This includes all taxes including, but not limited to:
Capital gains tax
Corporate Details of a Marshall Island Company (NRDC)
Anonymity, Confidentiality and Disclosure
A non-resident domestic company has complete confidentiality, does not need to be submitted to the government and is not open to the public. All beneficial owners, directors and shareholders can maintain anonymity through the use of nominee services. The names of the beneficial owner and director(s) are required to be filed with the Registered Agent, though those names and contact details are held confidentially. No financial documents, statements, accounts or audits are required to be submitted to the government.
Companies formed in the Marshall Islands may use registered, preference, redeemable shares, with or without par value and with or without voting rights.
The minimum issued share capital for a non-resident company is one share, with a usual authorized amount of US$50,000, that is usually expressed as 500 shares without par value, which may be in any currency.
Financial Statements Required
There are no requirements to submit any financial statements; however, a company must keep financial statements, accounts and records of the companies business standing, financials, and records. They may be held anywhere in the world.
A Marshal Islands IBC requires only one Director who may be an individual or a corporate body, may be a resident of any country and any nationality
A Company Secretary is required for a Marshall Islands IBC. A Secretary can either be an individual or a corporate body and does not need to be local resident.
Company meetings may be held anywhere in the world and are not required for a Marshall Islands IBC.
Principal Corporate Legislation
Company incorporation and formation of non-resident companies is under the jurisdiction of the Association Law of the Republic of Marshall Islands 1990, which includes:
Business Corporations Act
Limited Partnership Act
Limited Liability Company Act
Partnership Act (revised)
Type of Law
The Republic of the Marshall Islands has a mixed legal system, with elements of laws from the United States and the United Kingdom, combined with local statues. Corporate and companies law are primarily modelled after Delaware and NY corporate law.
A Non-Resident Domestic Corporation requires that there be at least one (1) shareholder who may either be an individual or a corporate body, may be of any nationality and resident of any country.
A Marshall Islands IBC is not allowed to trade within the country.
There are no exchange controls in Marshall Islands
Powers of the Company
The powers of the company have the same powers as a natural person.
Registered Office Required
Yes, Marshall Island company incorporation requirements state that a local, registered office is mandatory for every non-resident company
There are no local requirements except for a registered office
There are no audit requirements needed for a Non-Resident domestic corporation
There are no annual reporting requirements for a Marshall Islands IBC
Shelf Companies Available
Yes, shelf companies are readily available.
Time Required to Form Offshore Company
1-3 Business days
Any company name that is already in use or is deemed offensive or undesirable by the Register may not be used. The following words may also not be used, unless the company receives special permission from the Register; these include: trust, partnership, gaming, foundation, bank, insurance, or establishment.
Language of Name
A Marshall Islands IBC may be in any language as long as it uses the Roman alphabet and provides an English translation.
Names of Company Requiring a Special Licence or Permission
The following words may also not be used, unless the company receives special permission from the Register; these include: bank, insurance, trust and gaming.
Permitted Limited Liability Suffixes
A Company must use the appropriate suffix “Corp”, “Ltd”, “S.A.”, or “PLC”
Access to Double Tax Treaties
The Republic of the Marshall Islands has not signed any Double Tax Treaties
Marshall Islands IBC Company Formation with Offshore-protection
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