Offshore company registration in Marshall Islands
Advantages of an International Business Company (IBC) in Marshall Islands:
1.) Non-resident domestic corporations are “statutorily” exempt from Marshall Islands taxes (zero tax jurisdiction)
2.) Corporations are easy to maintain and administer — no requirements for annual filings.
3.) Dual filing of translated articles, facsimile filings acceptable, and registered and/or bearer shares permitted.
4.) Wide range of permitted activities
5.) Free Redomiciliation
6.) Low costs
7.) Dual language filings (standard documents are already available in Spanish, France and Chinese as well as others)
8.) The Marshall Islands has no tax information exchange treaties and refuses to corporate with the OECD on information exchange.
9.) Directors and owners are confidential and information does not have to be provided to either the Government or the Public. No audited accounts or annual returns are required to be provided to the Government.
10.) “True” bearer shares are allowed
|Type of company||Non-resident Domestic Corporation (IBC)|
|Tax Directive Applies||No|
|Tax information exchange Agreements||No|
|Requirement to File Audited Accounts with Government||No|
|Change of domicile||Allowed|
|Name of company||Details|
|Business activities limitation||Details|
|Directors and Shareholders|
|Number of Directors and Shareholders||One minimumDetails|
|Disclosure to public and Authorities||No Details|
|Nominee Director and Shareholder||Available Details|
|Location of meetings||Anywhere|
|Number of Shares||One minimum|
|Keep accounts/Company books||Yes|
|File Audited Annual Return||No|
|Bank account location||Anywhere|
Overview Of Key Features
A Marshall Islands offshore company is a very flexible, tax free structure, with few restrictions on the business that the company can engage in.
The Marshall Islands is one of the few jurisdictions where the offshore company can be taken public; can raise capital from the public; carry out limited third party trading of securities, act as an investment advisor; invest funds for other people, and so on. It can carry out virtually any legal business activity, except banking , insurance, trust and online gaming.
Unlike other jurisdictions, “true” bearer shares are allowed. The only other jurisdictions providing “true” bearer shares are Antigua, Panama, Samoa and the Seychelles. “True” bearer shares are those which can be held in your possession and do NOT have to be held at the Registered Office and the owner declared. (see our FAQ’s for details).
The Marshall Islands has no tax information exchange treaties and refuses to corporate with the OECD on information exchange.
Directors and owners are confidential and information does not have to be provided to either the Government or the Public. No audited accounts or annual returns are required to be provided to the Government.
The most popular company form used by international investors is Marshall Islands is non resident corporation. A Company incorporated in the Marshall Islands has the same powers as a natural person. Cannot trade within the Marshall Islands. Cannot undertake the business of banking, trust services, insurance, assurance or reinsurance.
The following names require licensing to be used: bank, charity, establishment, foundation, insurance, partnership, trust, assurance or re-insurance. Any name which is identical or similar to an existing Marshall Islands company cannot be used.
The following words can not be used in the name of Marshall Islands corporation: TRUST, BANK, INSURANCE, FOUNDATION, CHARITY.
Required number of Shareholders – minimun one (1)
Required number of Directors – minimum one (1)
Secretary of the company – a company secretary could be a private person or a legal entity. The company secretary can be of any nationality and need not be resident in the Marshall Islands
Registered office and local agent – required
Privacy – The names of the Directors and Shareholders are not required to be filed with the government or Registered Agent, and are not in the public record.
Names are required to be filed with the Registered Agent if the company is engaged in soliciting funds from the public and/or engaged in other similar investment activities on behalf of other persons or companies.
The share capital – no specific minimum capital requirement. The standard authorized share capital is 500 shares without par value or a capital with the stated par value up to US$ 50.000,00. The authorized share capital may be expressed in any currency. The minimum issued share capital is either one share of no par value or one share of par value. Marshall Islands’ corporations may have registered shares, bearer shares, preference shares, and redeemable shares, shares with or without par value and shares with or without voting rights.
In order to start with the IBC opening procedure please provide us with:
1.) Name of the company (2-3 names of your choice)
2.) Passport copy (of each shareholder and director)
3.) Share structure
4.) Payment to EURO COMMERCE LLC bank account
|Type of service||Fees (USD)|
|Annual fees (address and registered agent)||750|
|Nominee Director (per year)||500|
|Nominee Shareholder (per year)||300|
|Certificate of Incumbency||350|
|Certificate of Good Standing||300|
|Certificate of Directors||400|
|Certificate of Officers||400|
|Certificate of Directors and Officers||400|
|Certified copy of the filed document||400|
|Certificate of Incorporation||300|
|Articles of Amendment||500|
|Restataed Articles of Incorporation||500|
|Amended and Restated Articles of Incorporations||600|
|Articles of Domestications||650|
|Articles of Merger||500|
|Certificate of Conversation||700|
|Articles of Dissolution||400|
|Revocation of Voluntary Dissolution||1000|
|Certificate of Registration of Domestication/Redomiciliation||300|