Marshall Islands

Company registration provides the following benefits:

Tax-free jurisdiction.
There are no reporting requirements.
There are no currency controls.
The Republic has signed the Hague Convention.

The Marshall Islands is a country in the North Pacific Ocean located in the Marshall Islands archipelago. Consists of 34 islands.

The Marshall Islands is an offshore jurisdiction that is attractive for business for its tax optimization capabilities, as well as asset protection (information about the business is not publicly available; the use of a nominee service is allowed).

Features of taxation and reporting

The only required annual payment is the state licensing fee, which depends on the type of company and ranges from $300 to $1,000 per year.

There is no requirement to disclose the names of shareholders.

There are no corporate income taxes, income taxes, sales taxes or VAT.
Companies are exempt from all types of customs duties and fees.
There are no currency controls, restrictions on the exchange or transfer of funds.
There is no mandatory requirement to provide financial statements. There is no audit.

Company registration

Time frame for company registration: 3-4 working days + delivery of documents.

To register a company, there must be at least one director and one shareholder, but there are no residency requirements for them. A company secretary and registered agent will also be required.

The authorized capital is not defined, but must be declared; however, the terms of its payment are not specified.

The most common form of incorporation used by companies is a Limited Liability Partnership (LLP) or an International Business Company (IBC).

To register a company remotely, you will need to provide the following information:

Notarized copies of passports for all participants.
Choosing a company name: three options are required.
A document confirming the residential address of all participants (utility bills, bank statements indicating the address).
Resume (CV) of the company director.
Description of the type of activity/business (products/services, sectors, main countries of presence) within 20-30 words.

A quick guide to registering a company in in the Marshall Islands:

To quickly register an LLP or IBC, contact IT-OFFSHORE specialists. The cost of our services includes:

Preparation of documents (collection, filling, notarization, etc.).
Company registration.
Payment of all government fees.
Registration agent services for 1 year with the possibility of extension.
Translation services.
Delivery of registration documents to any address.

The bottom line

Registering a company in the Marshall Islands provides attractive conditions for entrepreneurs who want to minimize tax obligations. Correct adherence to procedures and provision of necessary documents are essential for the successful registration and further legal functioning of the company in this financial center.

We recommend that you seek advice from qualified IT-OFFSHORE consulting specialists who have experience working with this jurisdiction and will be able to register your company in the Marshall Islands in the shortest possible time.

We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.