Marshall Islands Company Formation

The Marshall Islands Associations Law, adopted in 1990, is based on the corporate law of the state of Delaware and New York in the US, includes all the necessary characteristics of an offshore jurisdiction. Uniquely flexible, a corporation may be organized in the US style with a president, secretary and treasurer, or in UK style with a managing director and corporate secretary. The Marshall Islands Association Law was recently republished to include the Business Corporations Act, Partnership and Limited Partnership Act, Unincorporated Associations, and the Limited Liability Company Act.

The most popular company form used by the international investors I the Marshall Islands is a non-resident corporation – also known as an international business company (IBC). Non-resident corporations have certain restrictions: they cannot trade within the Marshall Islands, and cannot undertake the business of banking, trust services, insurance, assurance/reinsurance, or gaming. A company incorporated in Marshall Islands has the same powers as a natural person.

Key elements of a Delaware LLC include:

  • Non-resident entities are exempt from any corporate and asset tax, stamp duty, and exchange controls
  • Interests, dividends, royalties, rents, payments – made by non-resident corporation to any individuals or entities which are not citizens or residents of the Republic are exempt from any tax, incl. withholding tax
  • Details of Directors, Shareholders and Beneficial owners are required to be maintained, but not obliged to file unless mandated by law, or fulfil registered agent’s audit performance
  • Offshore company in Marshall Islands is demanded to keep and maintain accounting records, but filing annual or tax return

Our basic service includes:

Company formation at the cost of USD 950

  • Company name check and approval
  • Drafting and filing of Articles of Incorporation and Constitution
  • Payment of government license fees
  • Provision of registered office and registered address for one year
  • A standard set of original corporate documents
  • Rubber stamp

Company renewal at the cost of USD 1050

  • Provision of registered office and registered address for one year
  • Provision of resident agent/secretary
  • Payment of government license fee
  • Filing of ESR report and provision of certificate of Economic Substance Report compliance

For any additional information you may require, please contact us at corporate@maks-solutions.com