MARSHALL ISLANDS COMPANY FORMATION
BANK ACCOUNTS
READY MADE (SHELF) COMPANIES
Marshall Islands Company. Marshall Islands Company Formation. Benefits of Marshall Islands Offshore Company
KGN Services specializes in Marshall Islands Company Formation and opening bank accounts.
Key Benefits of Marshall Islands Company
- Exemption from all local taxes and stamp duty
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- A Marshall Islands IBC requires a minimum of one shareholder
- A Marshall Islands IBC requires a minimum of one director
- Corporate directors and shareholders are permitted
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
- Highly competitive fees and costs
Marshall Islands Company – Legislation
Principal Corporate Legislation
The Associations Law of the Republic of the Marshall Islands 1990.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Type of Company for International Trade, Investment & Tax Planning
Marshall Islands IBC – International Business Company
Marshall Islands Company Registration – Key Facts
Share Capital
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Bearer shares are permitted.
Restrictions on Trading
A Marshall Islands offshore company cannot trade within the Marshall Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each Marshall Islands Offshore Company must have a Registered Agent in the Marshall Islands.
Registered Office Required
Each Marshall Islands Offshore Company must have a Registered Office in the Marshall Islands, provided by a licenced service provider.
Directors
A Marshall Islands Company requires a minimum of one director. Director can be of any nationality and need not be resident in the Marshall Islands. Corporate directors are permitted.
Shareholders
A Marshall Islands Company requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
US Dollar.
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. are not allowed.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Public Limited Company”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., PLC, S.A. must be part of the name of every Marshall Islands company.
Time to Incorporate
1-2 days.
Questions? Need Advice?
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Marshall Islands Company Formation Prices
Marshall Islands Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Certificate of Incorporation
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $1990
Marshall Islands Shelf Companies
Make an enquiry or request a confidential callback or chat with us.
Why Choose KGN Services?
We’ve been helping business owners since 1996Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related Marshall Islands Company | Marshall Islands Company Registration
KGN Services provides the following services related Marshall Islands Registration:
- Marshall Islands Company Formation
- Registered Office and Agent Services in the Marshall Islands Offshore
- Company Secretarial Services
- Nominee Shareholder / Nominee Director
- Opening of Bank Accounts
- Full Company Administration Services
- Mailing Address in the Marshall Islands
- Trademark Registration
- Yacht Registration in the Marshall Islands
Interested in Marshall Islands Company Formation?
Why Form a Marshall Islands Company?
These days the Marshall Islands are globally recognised offshore centres. In recent years the Republic of the Marshall Islands has managed to maintain impressive financial stability. This is the first and foremost reason why starting a business here can be so profitable.
Marshall Islands Company Formation
In spite of recent legislation, forming a company on the Marshall Islands can be a lucrative path to economic optimization. The local population and entrepreneurs have had to become accustomed to new requirements, but the country’s politics continues to offer tax incentives alongside opportunities to protect assets.
Why It Is Profitable to Register or Buy a Marshall Islands Offshore Company:
- Privileges for business in a tax-free jurisdic
- No accounting requirements
- No currency control
- Short distance from the USA
- The opportunity to set up an American type of company
- The Marshall Islands signed the Hague Convention
The Marshall Islands as a Tax Haven
The Republic of the Marshall Islands is a classic offshore zone. Its close proximity to the United States of America contributes to the fact that the country is actively improving its financial legislation, as well as creating the optimal conditions for attracting capital.
Company registration in the Marshall Islands is ideal for business owners due to the absence of tax on profits and dividend payments, and there are also benefits for shareholders. All these factors, plus the fact that English is the official language and the US dollar is dominant, make this country an ideal “tax” haven for investors worldwide.
The Main Stages of Marshall Islands Company Registration
Specify a company name.
Prepare the following documents:
– A company charter, which defines the activity of the company
– An agreement on the establishment of the company
– A determination of the amount of the authorized capital
Submit all of these documents to the registration authorities. At this stage, you need to pay a state fee. The cost of the entire registration process can vary from $300 to several thousand dollars, depending on individual circumstances
Transfer all funds to an offshore account via
– an offshore intermediary
– or the provision of loans
– or the provision of various services, for example, consulting
– or the resale of various goods
Marshall Islands Company Registries
The Marshall Islands Corporate Registry administration and technical support have been handled by International Registries Inc. (located in Virginia, USA) and its subsidiaries since 1948, The Marshall Islands Company register is maintained extraterritorially in Switzerland. It creates a possibility to legalize apostille statements in Switzerland. You can find key information from the Marshall Islands Register (look through the Marshall Islands Company Search Report). The document is written in English and provides the following data:
– confirmation of the company name and a confirmation of its existence
– registration number
– date of registration
– company activity
– its condition and type;
– information on the registrar agent
– any other available information about the company
There is no public register kept related to the key individuals connected with companies in the Marshall Islands.
You can also acquire the following documents from the registry:
– A Certificate of Good Standing (an official document confirming the legal capacity of the company and its right to conduct business in the Marshall Islands. This document is issued if the company meets all the requirements for submitting reports, paying taxes and contributions);
– Incorporation Certificate;
– Articles of Association.
Marshall Islands – General Information
Location: Oceania, two archipelagic island chains of 29 atolls, each made up of many small islets, and five single islands in the North Pacific Ocean, about halfway between Hawaii and Australia.
Area: total: 181 sq km, land: 181 sq km, water: 0 sq km; note: the archipelago includes 11,673 sq km of lagoon waters and encompasses the atolls of Bikini, Enewetak, Kwajalein, Majuro, Rongelap, and Utirik. …
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Natural resources: Coconut products, marine products, deep seabed minerals.
Population: 74,539 (July 2017 est.).
Capital: Majuro; note – the capital is an atoll of 64 islands; governmental buildings are housed on three fused islands: Djarrit, Uliga, and Delap.
Time Zone: UTC+12.
Languages: Marshallese (official) 98.2%, other languages 1.8% (1999 census).
Government type: Presidential republic in free association with the US.
Legal system: Mixed legal system of US and English common law, customary law, and local statutes.
International organization participation:ACP, ADB, AOSIS, FAO, G-77, IAEA, IBRD, ICAO, ICCt, IDA, IFAD, IFC, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ITU, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, WHO.
Economy: Agricultural production, primarily subsistence, is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Industry is limited to handicrafts, tuna processing, and copra. Tourism holds some potential. The islands and atolls have few natural resources, and imports exceed exports. The Marshall Islands received roughly $1 billion in aid from the US during the period 1986-2001 under the original Compact of Free Association (Compact). In 2002 and 2003, the US and the Marshall Islands renegotiated the Compact’s financial package for a 20-year period, 2004 to 2024. Under the amended Compact, the Marshall Islands will receive roughly $1.5 billion in direct US assistance.
Currency: US dollar.
KGN Services | Marshall Islands Companies | Marshall Islands Company Registration
Tags: Marshall Islands Offshore Company | Offshore Company Marshall Islands | Incorporate In Marshall Islands | Marshall Islands Company Registration
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Requirement to File Annual Return
