MARSHALL ISLANDS - OFFSHORE COMPANY FORMATION

Marshall Islands International Business Corporations are governed by the Business Corporations Act, which is contained in the Marshall Islands Associations Law of 1990, as amended. Unlike many offshore jurisdiction, the Marshall Islands statutorily exempts non-resident, domestic corporations from taxes. Although the Marshall Islands' BCS is modeled after the corporate laws of the United States, certain provisions have also been borrowed from British Law, such as the ability to appoint a Managing Director and Corporate Secretary. In addition, facsimile filings are permitted and corporations are never required to have corporate documents acknowledge by a consular official. The Marshall Islands also permits corporate redomiciliation both into and out of the jurisdiction.

The Marshall Islands, officially the Republic of the Marshall Islands is an island country located in the northern Pacific Ocean. Geographically, the country is part of the larger island group of Micronesia, with the population of 68,480 people spread out over 34 low-lying coral atolls, comprising 1,156 individual islands and islets. The most populous atoll is Majuro, which also acts as the capital. Politically, the Marshall Islands is a presidential republic. Self-government was achieved in 1979, and full sovereignty in 1986.

OUTSTANDING FEATURES

Corporative legislation The Associations Law of the Republic of the Marshall Islands 1990, which includes the Revised Partnership Act, the Business Corporations Act (BCA), the Limited Partnership Act and the Limited Liability Company Act.
Form of tax-exempted company International Business Corporation (IBC), hereinafter company.
Authorized business activities All and any activities not prohibited by the law. s is subject to special license.
Prohibited activities

Transactions within the of Marshall Islands, providing of banking, insurance, re-insurance, trust service and gaming.

Taxation Company is exempted from all and any taxes and duties
Name of company Must not be identical or confusingly similar to the existing ones.
The name has to include the words Limited, Corporation, Incorporated or abbreviations Ltd., Corp., Inc.
The words Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Trust Company, Trustee Company or other words with similar meaning cannot be used in the name of IBC company.
Equity capital of the company Equity capital of the company is established by declaration, no mandatory contribution is required, and no minimum/maximum limits are set.
Recommended equity capital US$ 50,000, divided into 50,000 shares with par value US$ 1;
Shares Authorized emission of both registered and bearer shares with or without par value;
Shareholders
- Minimum number
- Nominal shareholders
- Holders of trust equities

One natural or legal entity or bearers shares;
Permitted;
Permitted;
Does the law provide for non-disclosure of the information about actual owner of the company? Yes, the actual owner of company does not need to be registered in Marshall Islands;
Directors
- minimum number
- nationality and citizenship
- status

One natural or legal entity;
No requirements;
All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law);
On the territory of Marshall Islands there has to be
- registered office
- registered agent
- company secretary


Required;
Required;
Required;

Holding of the meeting of shareholders/directors Meetings may be hold in any part of the world, also by means of telephone communication;
Minutes may be kept at any place;
Mandatory
- keeping of accounting records
- annual account
- presentation of auditors conclusion

YES;
No;
No;
Information at disposal of the registered agent Name of the registered agent and registered office; incorporation documents; register of shareholders and directors;
Agreements on exemption from None
Term of incorporation Approximately 3 weeks; we have many shelf companies with nominee director and bearer shares in stock
Costs of registration of company Look below
Financial year ending on: January
Possibility to purchase a ready-made company Yes

 

MARSHALL ISLANDS INTERNATIONAL BUSINESS COMPANY FEES STRUCTURE WITH BEARER SHARES

I. NOMINEE SET OF SERVICES AND DOCUMENTS:

EUR 1,990

The nominee set includes:

  • Memorandum and Articles of Association;
  • Certificate of Incorporation;
  • Minutes of Meeting of shareholders - appointing First Director(s) and Secretary;
  • General Power of Attorney;
  • Special Power of Attorney;
  • Appointment of new director;
  • Letter Resignation of Director;
  • Consent to Act as a Nominee director;
  • Resolution of the Director Issuing Shares;
  • Bearer share certificate;
  • Declaration of Non trading;
  • Trust Agreement;
  • Annual Registration/Licence Fee for a Share Capital of US$50,000;
  • The current year Registered Agent and Registered Office Fee;
  • Courier fee;

 

II. OPTIONAL SERVICES

  • Apostilled passport of the director (recommended): EUR 450
  • Certificate of Good Standing + Apostille: EUR 450
  • Courier delivery worldwide: EUR 100

 

IMPORTANT NOTES

  • We reserve the right to change fees without notice.
  • The payment options are: WIRE TRANSFER

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