Marshall Islands - NRDC/Other jurisdictions
The Republic of Marshall Islands is located in the Pacific Ocean, in the Micronesia region, and consists of two parallel groups of islands and atolls. The largest island is Majuro, on which the capital of the same name is located.
At different times, the Marshall Islands were a colony of Spain (until 1885), Germany (until 1917), Japan (until 1944). In 1945, they acquired the status of a territory administered by the United States of America, and in 1986 gained full independence. The country is governed by a president who is appointed by the Senate.
The legislative act on the basis of which companies are registered in the Marshall Islands is the Association of Marshall Islands (1990) .
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Basic information about jurisdiction
Area – 181 sq. кm
Population – 62.000
Government – republic
Capital – Majuro
Official language – english, marshallese
Official currency – dollar USA (USD)
Временная зона – GMT+12 -
Company type
Non-Resident Domestic Corporation -
Directors of the company
Amount: at least one
Status: natural or legal persons
Residents: residents of any country
Information about directors: only with a registered agent
Nominee directors: allowed -
Shareholders of the company
Amount: at least one
Status: natural or legal persons
Residents: residents of any country
Information about shareholders: stored with a registered agent
Nominee shareholders: allowed -
Secretary Company
Amount: at least one
Status: natural or legal persons
Residents: residents of any country
Information about secretary: stored with a registered agent
Nominee secretary: allowed -
Authorized capital of the company
Standard declared capital - 50.000 USD.
There are no requirements for payment of this capital or part thereof. -
Company name
Must end with the words' 'Incorporated' ',' 'Corporation' ',' Limited '' or the abbreviations' 'Inc.' ',' 'Corp.' ',' 'Ltd.' ', “S.A.”, “GmbH”. Registration of titles containing the words '' Bank '', '' Insurance '', '' Trust '', '' Assurance '', '' Imperial '', '' Royal '', etc., is allowed only with the appropriate licenses . -
Information about the real owner of the company
Information about the real owner is submitted only to the registered agent and is confidential. -
Annual Return
Requirements for the submission of the annual report is not put forward. -
Financial Statement
Requirements for the submission of a financial statement is not put forward. -
Taxation
Taxation for Non-Resident Corporations – 0%. -
Double tax treaties
The Republic of the Marshall Islands has no double tax treaties with other countries. -
The term of registration of a new company
6-7 business days; The deadline for receipt of the full package of documents is 4-5 weeks. -
Acceptance of third-party companies for service FIVECONSULT
Only in consultation with the previous service agent in the Marshall Islands. -
A set of constituent documents of the company
1) registration certificate (Certificate of Incorporation);2) articles of association (Articles of Incorporation), signed by the founder of the company (Incorporator);3) nominee director appointment protocol (Consent of Incorporator);4) Minutes of the first meeting of directors (Resolutions of the Director);5) two blank (blanco) general powers of attorney (General Power of Attorney), signed by the nominee director;6) confirmation of the nominal director of the transfer of the company to its real owner (Agreement for the provision of nominee services and indemnification of the nominee);7) suck Resignation letter of the nominee director, signed, but without a date;8) Share Certificates, signed by the nominee director;9) печать компании. -
Г"Ready-made" companies
We are ready to register a company for your order.
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FIVECONSULT comment:
Marshall Islands is a classic tax-free jurisdiction that does not require complex procedures for supporting the company and drawing up its annual reporting. In this jurisdiction, there is also legislation on LLCs (Republic of the Marshall Islands Limited Liability Company Act 1996), and - accordingly - registration of this type of companies is quite possible.