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How it works?

How it works?

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Marshall Islands Company
Good to Know
The Marshall Islands enjoy 0% Taxation, no auditing and no paid up capital requirement.

An MRI IBC permits 100% foreign ownership and limited liability, can be formed by one unique shareholder who may also become its sole director, has a fast registration process, no account filing or audit requirements; in addition the names of directors, shareholders and officers are not subject to any public records. Nominee directors and shareholders can be appointed.
Main Characteristics
Company type
International Business Company (IBC)
Governing corporate legislation
Governed by the Marshall Islands Business Corporations Act (BCA) which is similar to corporation laws in the United Kingdom and the United States.
Information published relating to company officers
No
Confidentiality
Non-Resident Companies are not subject to file audited accounts, annual returns, or submit any financial records, details of its owners or shareholders.
Accounting requirement
No, as per Section 80 of the RMI Associations Law
Taxation
No taxes on offshore profits
Legislation
Modern Offshore Legislation
Standard currency
USD
Time to form
1 to 2 days*
Stability
The Marshal Islands has a solid asset protection regulation.
Communication
Efficient communication means.
Time zone
GMT +12
Secretary required
Yes
Paid up capital requirement
Standard authorised capital: USD 50,000.00 or 500 shares without par value
Minimum paid up: USD 1
Renewal Date
Anniversary date of the company / Each Year
Basis of legal System
Common Law.
Minimum directors/shareholders
Minimum of 1 director/shareholder
Bearer shares
Yes
Documents Required
for the Creation of the Company
Notarized/certified copy Certification of the passport can be made by a notary, bank, lawyer or accountant. Kindly consult your dedicated account manager at SFM to obtain precise information. of passport and recent utility bill issued less than 3 months ago ** and a brief business plan will be required






Jurisdiction News


Essential Key Benefits of Incorporating in the Marshall Islands

9 December 2018
Located in the equatorial region of the Pacific Ocean, the Marshall Islands is an island nation, part of the Micronesia cluster. It is fully independent (which it achieved in 1979) but has an “associated state” status with the USA. [..]
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* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
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