Marshall Islands Company Formation

Marshall Islands Company Formation will enable you to establish your presence in the Marshall Islands and benefit from the legal framework which brings great asset protection and low tax rate opportunities.

Marshall Islands companies are usually used as holding company due to the high level of personal asset protection and reduction of personal liabilities.

Marshall Islands companies are also popular among yacht and ship owners, as Marshall Island’s flag is one of the best flag of convenience in the world.

In order to register a yacht or ship under Marshall Islands flag, it is required to establish a company in Marshall Islands.

EU LAW FIRM offer 3 types of company formation in Marshall Islands:

  1. Marshall Islands Limited Liability Company (LLC);
  2. Marshall Islands International Business Corporation (IBC);
  3. Marshall Islands Foreign Maritime Entity (FME).

Qualified Agent of Marshall Islands

EU LAW FIRM is also a registered qualified intermediary with the Marshall Islands Registrar, which will ensure the best service possible. 

EU LAW FIRM Marshall Islands Official Agent

Marshall Islands Background:

The Republic of Marshall Islands is a country situated an island country situated near Equator in the Pacific Ocean.

The country is famous for its flexibility on company formation, high confidentiality and low tax rates.

Marshall Islands offer not only great company solutions, but one of the most reputable and popular ship flag jurisdictions in the world.

Capital city: Majuro

Population: 58,413

Local currency: United States dollar (USD)

Official language: Marshallese and English

Corporate tax: 0%

 

Description of Marshall Islands International Business Corporation (IBC):

  • Most widely used business structure in Marshall Islands.
  • Distinct legal entity most widely used for holding of securities, bank accounts, transactions involving joint ventures, trusts, estate planning & protection, public offerings for raising capitals in world markets, international trade and holdings ships & yachts.
  • The IBC grants the owner the ability to maximize profits and at the same time minimize personal liability. In case of lawsuit, shareholder’s liability is limited only to the direct capital invest in the IBC.
  • Corporate name may be in any language in Roman characters. It is also possible to reserve a name for up to 6 months.
  • Marshall Islands IBC may issue shares in registered and/or bearer form with par or no par value. It is possible to denominate the par value of shares in any currency.
  • A standard formation is 500 registered and/or bearer shares without par value, or up to USD 50’000 worth of par value stock.
  • An authorized share capital above USD 50’000 will incur a one time capitalization tax.
  • Appointment of directors: at the time of incorporation, the incorporator may also elect directors, appoint officers, adopt bylaws as well as apostille documentation.

Description of Marshall Islands Limited Liability Company (LLC):

  • A limited liability company in Marshall Islands combine best traits of an IBC and partnership.
  • Similarly as in IBC, the members are protected from personal liability in excess of their capital investment.
  • A Marshall Islands LLC is perfect for transactions that require a certain amount of passive investment, for example venture capital projects, investment in real estate, oil or technology as well as research & development of business.
  • An LLC may also be used for parent-subsidiary arrangements which are great for large corporation, as both entities and private persons may be members.
  • Members of LLC are not required to directly participate in management of the LLC, it is instead possible to designate managers to manage the functions of the LLC.
  • A great feature of the Marshal Islands LLC is that even if the members chose to be elected as managers of the LLC, the limited liability is still retained.

Description of Marshall Islands Foreign Maritime Entity (FME):

A foreign maritime entity is a legal entity incorporated in another jurisdiction, which can register with the Marshall Islands and is eligible to own vessels.

Why start a business in Marshall Islands?

  • Tax rules

Companies in Marshall Islands are generally exempt from income tax, dividends, interest, rents, royalties, and capital gains from the sale of business shares. There is no personal income tax in the Marshall Islands for workers, directors, or shareholders of a Marshall Islands company.Resident businesses are taxed at a rate of 3% of revenue. Non-resident companies in Marshall Islands generally are tax-free.

  • Maritime industry

Marshall Islands offers favorable tax environment and operating independence, as well as some of the most reputable ship flags in the world. Marshall Islands ship registry is currently seen as one of the biggest ship registries in the world.

  • Highly reputable and confidential jurisdiction

There is no public record of corporate officers, such as the Director, Shareholder, and Secretary. In Marshall Islands, confidentiality is ensured for Directors and beneficial owners.

HOW THE ORDER SYSTEM WORKS?

1. Choose the most suitable company type and make online order

 

Choose the most suitable company formation package from STORE EU LAW FIRM, and place an online order with the available payment methods. After successful order you will receive an email confirmation with your order details.

2. Collection of documents and KYC verification

 

After successful order and receipt of payment, our customer support will get in touch with you to acquire the required documentation for company formation in Marshall Islands.

3. Company formation in Marshall Islands

 

The company formation in Marshall Islands takes between 2-7 business days after all required documents have been received.

After company has been incorporated, physical company formation documents with apostilles will be sent to your mailing address.

DOCUMENTS REQUIRED FOR COMPANY FORMATION IN MARSHALL ISLANDS

Document required for Marshall Islands International Business Corporation (IBC) and Limited Liability Company (LLC):

  • Passport copy of all shareholders;
  • Passport copy of all directors;
  • Copy of a recent utility bill not older than three (3) months.

Documents required for Marshall Islands Foreign Maritime Entity (FME):

  • Certified copy of the articles, charter or other document upon which existence of the entity is based, issued by the appropriate governmental agency, and any relevant amendments thereto; and
  • Evidence of the entity’s current existence either by a government document (e.g., Certificate of Good Standing) or if government certificate is not possible, by certification of an attorney of the jurisdiction that in his/her knowledge the entity has a current legal existence.

Note: All documents in a foreign language must be translated into English and certified by a qualified translator.

DOCUMENTS REQUIRED FOR MARSHALL ISLANDS COMPANY BANK ACCOUNT:

  • Passport copy of all directors and shareholders.
  • Utillity bill not older than 3 months.
  • CV of the company management.
  • Business plan.

Banks may request additional documentation from case to case.

Note: All documents in a foreign language must be translated into English and certified by a qualified translator.

Want to register company in Marshall Islands?

Just get in touch with us to get more information about company registration in Marshall Islands and getting local legal partner for your company. We typically respond in 2 hours.