Marshall Islands offshore company formation
The Marshall Islands limited liability company (LLC) and corporation are quite simple to set up and maintain. The 1990 Marshall Islands Association Law is modeled after Delaware corporate law. Neither corporate tax nor withholding tax are levied on assets or income originating outside of the Marshall Islands.
- No minimum company share capital requirement in Marshall Islands
- Minimum number of Marshall Islands company directors is one (non-resident and corporate directors allowed).
- Company secretary is require for Corporations (can be same as Director)
- There is a choice for public records: you may choose to file information on director/shareholder at the Public Register, or you may keep it
- No requirement for filing of company financial accounts or audit
- Available name-endings for a Marshall Islands offshore corporation: "Limited", "Corporation, "Incorporated", "Society Anonyme", "Aktiengesellschaft", or abbreviations "Ltd.", "Corp.", "Inc.", "S.A.", "A.G.
- Shelf companies available. Ask now!
Regardless if it is a LLC or Corporation, a Marshall Islands company can be used in various ways:
- as a basic one-man trading company,
- as a principal company in an agency structure,
- or as a holding structure for owning real estate or foreign company shares.
An additional note - existing companies currently registered in other jurisdictions can be redomiciled into Marshall Islands under provisions in the Companies Act, provided the company legislation of the country from where the company is exiting enables this. No new legal entity is created.
The Marshall Islands company has a tax-free status, including exemption on all income tax, dividends, interest, rents, royalties, and capital gains from the sale of company shares.
In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee.