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Marshall Islands: what you need to know to register a business

Company incorporation

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Registering a company in the Marshall Islands in 2020

The main advantages of doing business in this jurisdiction:

  • A company registration is possible in 1 day;
  • No accounting and auditing;
  • A minimum package of documents for registration;
  • No exchange control;
  • A company is exempt from taxation;
  • Bearer shares are permitted;
  • Documents can be stored anywhere in the world.

A cost of registering a company in the Marshall Islands is € 1990 

Terms of opening a business in the Marshall Islands are from 14 days

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Marshall Islands is a member of the United Nations. At a high level of development are: services, an agriculture, a tourism, the transport, a fishing. Entrepreneurs from around the world are interested in setting up a company on the Marshall Islands, such high demand has contributed to a cost-effective business environment.

Benefits of registering a business on the Marshall Islands:
  • A fast registration process;
  • The territorial tax principle;
  • Filing an annual financial report is not required;
  • The minimum set of documents;
  • A nominal service is available;
  • Lack of a currency control;
  • No requirements for an authorized capital.

If you want to register a commercial enterprise on the Marshall Islands, you must choose one of the legal forms. IBC is the most popular form.

To establish a commercial firm on Marshall Islands, follow such requirements of the Regulator:
  • A min number of directors/shareholders is 1;
  • You should register an office;
  • To hire a local licensed agent and a secretary;
  • To register a unique name in Latin with a mention of a legal form at the end;
  • To prepare standard documentation:
  • a photocopy of the passport, certified by a notary;
  • a power of attorney;
  • a document with an apostille, confirming the beneficiary's place of residence.
A registration process lasts 2 days.

A taxation and reporting

Companies, registered in the Marshall Islands, are not taxed, if they operate outside the jurisdiction.

There are no requirements for financial reporting and auditing.

Read also:
How to establish a company on Marshals remotely?

In order to register a commercial enterprise on the Marshals successfully, you must have an experience and knowledge. Qualified lawyers of IQD Consulting will help you quickly cope with this process. Our experts will provide professional support/consulting services for setting up a business on Marshals and in other jurisdictions.

  • The information outlined in the article is actual at the time of its publication.
  • Please refer to our specialists for checking possible solutions for your business.
  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

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