Marshall Islands

Advantages of an International Business Company (IBC) in Marshall Islands:

  • Non-resident domestic corporations are “statutorily” exempt from Marshall Islands taxes (zero tax jurisdiction)
  • Corporations are easy to maintain and administer — no requirements for annual filings.
  • Dual filing of translated articles, facsimile filings acceptable, and registered and/or bearer shares permitted.
  • Wide range of permitted activities
  • Redomiciliation
  • Low costs
  • Dual language filings (standard documents are already available in Spanish, French and Chinese as well as others)
  • 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.
  • “True” bearer shares are allowed.

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:

  • Name of the company (2-3 names of your choice)
  • Passport copy (of each shareholder and director)
  • Share structure
  • Share structure
  • Payment to EURO COMMERCE LLC bank account

INCORPORATION COSTS
  • Incorporation costs:
    1500 USD

ANNUAL FEES
  • Registered agent
    Registered address
    750 USD
Full list of optional costs available upon request

About Marshall Islands

The Marshall Islands is an island country located near the equator in the Pacific Ocean. Geographically, the country is part of the larger island group of Micronesia.
The islands are located about halfway between Hawaii and Australia.

The Republic of the Marshall Islands (RMI) Associations Law, adopted in 1990, is largely modeled after the corporate laws of the United State state of Delaware. The RMI Associations Law governs all aspects of corporate activity and the administration of non-resident domestic entities in the RMI exempting all non-resident companies from having to pay any type of local taxes.
The Republic of the Marshall Islands (RMI) Associations Law is one of the most modern set of statutes in the world. The RMI Associations Law contains the Business Corporations Act (BCA), Revised Partnership Act, Limited Partnership (LP) Act and Limited Liability Company (LLC) Act.

 

What is Marshall Islands IBC?

Marshall Islands IBC – an International Business Company – is the most popular and versatile type of offshore corporation available in Marshall Islands. Similar to other classic offshore companies, Marshall Islands IBC is designed to engage in international business. Being an IBC, it is subject to minimum red-tape. While being obliged to keep internal records and registries in good order, a Marshall Islands IBC does not nave to submit any financial reports to public file. There is also no mandatory audit requirement.

Main key features and advantages:

1. Bearer shares are allowed
2. No audited accounts or annual returns are required to be provided to the Government
3. Wide range of permitted activities
4. Redomiciliation
5. Directors and owners are confidential and information does not have to be provided to either the Government or the Public

 

Taxes in Marshall Islands

Non-resident domestic corporations are “statutorily” exempt from Marshall Islands taxes (zero tax jurisdiction).
The Marshall Islands has no tax information exchange treaties and does not cooperate with the OECD on information exchange.

 

Nominee Service

Nominee Service is consisted of Nominee Director and/or Nominee Shareholder. Both, corporate and individual Nominee Directors and Shareholders are not available in Marshall Islands, and are only available internationally.

 

Accounting and Audit

While being obliged to keep internal records and registries in good order, a Marshall Islands IBC does not nave to submit any financial reports to public file. There is also no mandatory audit requirement.
In Marshall Islands, companies are required to maintain, internally, such accounting records that enables the financial position of the company to be reasonably determined at any time. However, there is no requirement to file any financial information on public record, nor is there any audit requirement.

 

List of documents received for standard IBC

  • Certificate of Incorporation
  • Bylaws
  • Endorsement Certificate
  • Articles of incorporation

 

Privacy

Directors and owners are confidential and information does not have to be provided to either the Government or the Public. The Marshall Islands has no tax information exchange treaties and does not cooperate with the OECD on information exchange.
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.

 

Restricted activities

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.

 

Bank account

For Marshall Islands IBC we can assist you with the bank account opening internationally. The banks we cooperate with are reliable financial institutions with a long tradition in private and corporate banking. Our clients are provided with an excellent customer service, online banking, Visa and/or Master cards, as well as other services, such as factoring, foreign exchange, savings and specialized banking solutions.

 

More Info