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What are the advantages of incorporating a company in the Marshall Islands?
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The world's top flag states and shipping centersMarshall has one of the world's top ship registries, known for its professional, efficient and secure services. Registering a Marshallese company is the first choice for international ship registration, ownership and financing, enjoying wide recognition and convenience in ports around the world. -
Ultimate registration speed and flexibilityThe Marshall Islands offers one of the fastest company registration services in the world, with brand new companies being registered within 24-48 hours. The company structure is extremely flexible, with virtually no restrictions on the number of directors, shareholders, nationalities and meeting places. -
Zero tax and strict confidentiality policyA standard Marshallese offshore company (non-resident company) is fully exempt from all local taxes, including income tax, capital gains tax, stamp duty and dividend withholding tax. The law guarantees a high degree of confidentiality of shareholder and director information, which is not publicly accessible. -
Extremely low maintenance costs and thresholdsAnnual government fees and maintenance costs for Marshallese companies are more competitive than other mainstream offshore locations. With no minimum share capital requirement and low set-up and maintenance costs, it is ideal for start-ups and individuals to test the waters for cross-border business. -
International recognition and legal securityThe Marshallese legal system is based on English and American common law, which is stable and reliable. Its corporate documents are widely accepted by major banks, financial institutions and stock exchanges around the world, making it easy to open accounts, raise capital and structure listings.
What are the requirements for registering a company in the Marshall Islands?
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Company Name Requirements
The name must end with the words "Limited", "Ltd.", "Corporation", "Corp.", "Incorporated" or "Inc.". Ltd.", "Corporation", "Corp.", "Incorporated" or "Inc.". We support the use of names in foreign languages such as Chinese (additional translations must be submitted) and offer a wide range of name choices. -
Registered Address and Agent Requirements
LOCAL REGISTERED ADDRESS: Must have a physical address within the CNMI provided by a licensed registered agent.
Registered Agent: It is mandatory by law to appoint a registered agent who is authorized by the Maritime and Corporate Registry of the Marshall Islands (IAMI). -
Equity Requirements
There is no minimum registered capital requirement. The standard authorized share capital is usually US$50,000 divided into shares of US$1 each and is not subject to capitalization or paid-in. The amount of share capital, currency and class of shares can be set flexibly. -
Directors and Shareholders Requirements
-Directors: at least one, who may be a natural or legal person, with no restriction on nationality or place of residence. The issuance of bearer shares is permitted.
-Shareholders: at least one, who may be a natural or legal person, with no restriction on nationality or place of residence. The director and the shareholder may be the same person. -
Economic substance requirement
The Marshall Islands has enacted an economic substance law. There are nine categories of "related activities" (e.g., banking, fund management, etc.) that require a company to meet the economic substance requirement if it engages in such activities in the RMI. Offshore companies used for holding or international trade are usually subject to reporting obligations and are easy to operate.
What are the main types of Marshall Islands companies?
Non-Resident Company (NRC)
Marshall Islands Limited Liability Company (LLC)
Ship Registration Company
resident domestic company (domestic resident company)
Basic information to be prepared for the registration of a Marshall Islands company
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1. Name of the company
Provide 1-3 alternative English names (if Chinese name is needed, please provide it as well).
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2. Information on directors and shareholders
Clear passport copies of all directors and shareholders (ultimate beneficiaries), proof of personal permanent address (utilities, bank statements or driver's license within the last 3 months, etc.). Corporate shareholders are required to provide a certificate of incorporation and a register of directors and shareholders.
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3. Shareholding structure
A clear list of shareholders, the number and percentage of shares held.
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4. Registered capital
Draw up the total amount of authorized share capital, the class of shares and their nominal value (usually in a standard set-up to reduce costs).
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5. Scope of operations
Describe the business that the company intends to engage in, which can usually be summarized as "any lawful business activity".
6. Registered agent and address
This is provided by us as an authorized registered agent.
Q&A Frequently Asked Questions
Q1:How fast is it to register a Marshallese company? Can it really be done in 24 hours?
A: Yes, this is one of Marshall's core strengths. With the expedited service, an electronic certificate of registration can be obtained within 24 hours at the earliest, provided that the client's information is complete and the compliance audit has been passed. The standard process is also usually completed within 3-5 business days, leading most offshore jurisdictions in efficiency.
Q2: Can Marshalls issue bearer shares?
A: Yes. Marshallese law permits corporations to issue bearer shares to provide a higher degree of confidentiality as to the identity of shareholders. However, it is important to note that in line with international anti-money laundering trends, shareholders holding bearer shares may be required to disclose their identities to the corporation or registered agent when exercising their rights (e.g., dividends, voting).
Q3: Do Marshallese companies need to be audited annually?
A: Not required. Marshallese non-resident corporations are not required to submit audited financial statements to the government.
The main annual maintenance obligations are:
1) Pay the annual government license fee to the registered agent on time;
2) Annual filing with the government through a registered agent (simple content);
(3) If there are "related activities", fulfill the obligation to declare economic substance.Q4: What is a Marshallese company good for?
A:Its main uses include:
1) International ship and yacht registration and ownership;
2) Offshore international trade (e.g., procurement, collection);
3) Holdings and investments (holding equity or financial assets in other companies);
4) Intellectual property holdings;
5) As part of the overseas listing structure.Submitted successfullyThank you for your submission, one of our consultants will be in touch with you shortly!
