- 1 Marshall Islands
- 1.1 Corporate Information
- 1.1.1 General Information
- 1.1.2 Company type
- 1.1.3 Directors/Officers
- 1.1.4 Shareholders
- 1.1.5 Secretary
- 1.1.6 Authorised share capital
- 1.1.7 Company Names
- 1.1.8 Beneficial Ownership information
- 1.1.9 Filing of Annual Return
- 1.1.10 Filing of Financial Statements
- 1.1.11 Corporate Taxation
- 1.1.12 Tax Treaties
- 1.1.13 Restrictions on Marshalls Islands Companies
- 1.1 Corporate Information
|Total area – 181 sq. km
Population – 70,000
Location – click here to see the map of offshore jurisdictions
Political status – republic
Capital – Majuro
Official language – English, Marshall
Official currency – USA Dollar (USD)
Time zone – GMT +12
|Non-resident Domestic Corporation|
|Marshall Islands Non-Resident companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction. Each Marshall Islands company must keep information on its Directors with the Registered Agent.|
||Marshall Islands Non-Resident companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction. Each Marshall Islands company must keep information on its shareholders with the Registered Agent.|
|Marshall Islands Non-Resident companies require a minimum of 1 Secretary, who may be a natural person or a corporate body from any legal jurisdiction. Each Marshall Islands company must keep information on its Secretary with the Registered Agent.|
||Standard authorised capital = USD 50,000. There is no statutory requirement for capital to be fully or partly paid on incorporation.|
|The name of a Marshall Islands Non-Resident company must end with the words “Incorporated”, “Corporation”, “Limited”, or suffixes such as “Inc.”, “Corp.”, “Ltd.”, “S.A.”, “GmbH”, etc.
Company names containing restricted words such as “Bank”, “Insurance”, “Trust”, “Assurance”, “Imperial”, “Royal” etc. will not be permitted unless an appropriate national operating license has been obtained by the company.
Beneficial Ownership information
|Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.|
Filing of Annual Return
|There is no requirement to file an Annual Return.
Filing of Financial Statements
|There is no requirement to file Financial Statements in the Marshall Islands for Non-Resident companies.|
|Marshall Islands Non-Resident companies are not subject to corporation tax in the Marshall Islands.|
|Marshall Islands has not entered into any Double Tax treaties with other countries.|
Restrictions on Marshalls Islands Companies
|Prohibit from carrying on any business with persons residing in Marshall Islands. Prohibit from carrying on business of or undertaking any activity that is associated with the banking or insurance industries.|
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