The Republic of Marshall Islands is located in the Pacific, in the area of Micronesia, and consists of two parallel groups of islands and atolls. The largest island is Majuro, which is also the capital of the Republic under the same name.
At different stages in its history, the Marshall Islands were a colony of Spain (until 1885), Germany (from 1917), and Japan (until 1944). After 1945 the islands had the status of a territory ruled by the United States of America, and in 1986 became independent. The country is governed by a President appointed by a Senate.
The underlying act for incorporation of companies in the Marshall Islands is Association Law of the Republic of Marshall Islands 1990.
| GENERAL INFORMATION | Total area - 605 sq. km
Population - 48,000
Location - click here to see the map of offshore jurisdictions
Political status - republic
Capital - Majuro
Official language - English
Official currency - USA Dollar (USD)
Time zone - GMT +11 |
| Company type | Non-resident Domestic Corporation |
| Directors/Officers | Marshall Islands Non-Resident companies require a minimum of 1 Director and 1 Secretary, who may be a natural person or a corporate body from any legal jurisdiction.
Each Marshall Islands Non-Resident company must file a Register of its Directors with the Register of Enterprises of the Marshall Islands. |
| Shareholders | Marshall Islands Non-Resident companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Marshall Islands Non-Resident company must file a Register of its Shareholder/s with the Register of Enterprises of the Marshall Islands. |
| Authorised share capital | Standard authorised capital = USD 50,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation. |
| Company Names | The name of a Marshall Islands Non-Resident company must end with the words "Incorporated", "Corporation", "Limited", or suffixes such as "Inc.", "Corp.", "Ltd.", "S.A.", etc.
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial", "Royal" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company. |
| Beneficial Ownership information | There is no requirement for information about beneficial ownership to be disclosed with local authorities. |
| Filing of Annual Return | There is no requirement to file an Annual Return. |
| Filing of Financial Statement | There is no requirement to file Financial Statements in the Marshall Islands for Non-Resident companies. |
| Corporate Taxation | Marshall Islands Non-Resident companies are not subject to corporation tax in the Marshall Islands. |
| Tax Treaties | Marshall Islands does not have treaties with any other jurisdictions dealing with the avoidance of double taxation for non-resident companies. |
| Timeframe for incorporation | 6/7 working days. A complete set of company documents can be delivered in 4/5 weeks. |
| Takeover of management & secretarial services for an existing Marshall Islands Non-Resident company | Possible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in the Marshall Islands. |
| Description of incorporation documents | Click here for itemised description of company documents. |
| "Ready-made"("Shelf") companies | Today we have 2 "Ready-made" companies available in this jurisdiction (click here for list of companies) |
| Price of Marshall Islands Non-Resident company | USD 1640, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 1040 per year, including full domiciliary (Registered Agent/Office) costs, annual Government Duty, Nominee services and legal support services for each year. |
