The Marshall Islands is a sovereign nation situated in the central Pacific Ocean, roughly halfway between Hawaii and Australia. It is renowned as a popular jurisdiction for company registration due to its favorable legal and tax environment. The country offers a highly flexible corporate structure, allowing for the establishment of International Business Companies (IBCs) that are exempt from local taxes, provided they do not conduct business within the Marshall Islands.
Confidentiality is a significant advantage in the Marshall Islands, as the jurisdiction does not mandate the public disclosure of shareholders or directors. This privacy is further supported by strong legal protections against unwarranted disclosure of corporate information. Moreover, the Marshall Islands is not on any international blacklist, ensuring a reputable standing in the global business community.
Companies registered in the Marshall Islands enjoy the benefits of English as the official language of business and law, making it accessible to a broad range of international business professionals. The legal system is based on English common law, providing a familiar and reliable foundation for corporate governance and dispute resolution.
Additionally, the Marshall Islands has a stable political environment and a government supportive of international business activities. The country is a member of the International Maritime Organization and boasts one of the largest ship registries in the world, making it a key player in the global maritime industry.
Manimama ensures a seamless company registration process in the Marshall Islands. Trust us to provide expert guidance and support, so your business can thrive from day one in the Marshall Islands. Start your journey with confidence, knowing you have the best team by your side.
Legal Opinion about the Marshall Islands as a Jurisdiction for Company Formation
Ganna Voievodina
Manimama, CEO
“The Marshall Islands is a compelling choice for company registration due to its advantageous tax regime, efficient incorporation process, robust confidentiality protections, and supportive legal and political environment. These features collectively make it a strategic location for businesses seeking to operate on an international scale. Manimama is ready to help you with business registration in the Marshall Islands”.
Our Packages
Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.
Company Formation
- Company formation
- Registered address for the 1st year
- Annual accounting requirement bookkeeping
Annual Services
- Company renewal and registered address
- Annual Government Tax
- Mandatory Financial Beneficiary Report
Other Services
- Set of corporate documents (certified/apostille)
- Nominal service for 1 year
- Offshore banking
Key Numbers about the Marshall Islands as a Jurisdiction for Company Formation
minimum 1director for a company |
up to 2 weekstimeline for a company registration |
$1minimum share capital |
0%corporate income tax (CIT) rate for IBCs |
12%personal income tax (PIT) rate |
novalue added tax (VAT) |
Set up Your Company in the Marshall Islands in Several Steps
Step 1. Initial setup
- Initiating a preliminary project assessment
- Preparation and filing of the package of documents
Step 2. Company registration
- Verification and reservation of the company name
- Facilitating the notarial process for the company's official registration
- Incorporating the company's data into the Marshall Islands Company Registry
- Obtaining the Certificate of incorporation from the Company Registry, Memorandum and Articles of Association
Requirements for Company Formation in the Marshall Islands
Before deciding to set up a new company in the Marshall Islands, read the information below to understand the characteristics of an International Business Company (IBC):
Shareholders: the company is required to have at least 1 shareholder. There is also no restriction on the residency or nationality of the shareholders. Corporate shareholders are allowed.
Director: the company must appoint at least 1 director. There is also no restriction on the residency or nationality of the directors. Corporate directors are allowed.
Company secretary: the appointment of a company secretary is optional.
Minimum share capital: the minimum capital requirement is $1. A standard formation is 500 registered and/or bearer shares without par value, or up to $50,000 worth of par value stock. Authorized share capital above these amounts will incur a one time capitalization tax.
Legal address: the company must have a registered legal address in the Marshall Islands.
Registered agent: appointment of a local registered agent is compulsory.
Liability: the shareholder liability is limited to his/her direct capital investment in the corporation.
Accounting: the company is not required to file annual tax returns or audited financial statements.
Taxes in the Marshall Islands
- Companies doing business in Marshall are subject to income tax.
- The corporate tax is levied at $80 on the first $10,000 of income and 3% on the excess. The tax is paid quarterly.
- IBC is exempt from paying corporate tax.
- Personal income tax is levied at a rate of 8% on income from employment up to $10,400 and at a rate of 12% if the amount exceeds this amount.
- For individuals whose income does not exceed $5,200 per year, annual income of $1,560 is exempt from tax.
There is no VAT rate in the Marshall Islands.
Double taxation avoidance agreements in the Marshall Islands: as of now, the Marshall Islands does not have a network of such agreements with other countries.
Start Your Company Formation Process with Manimama
There are numerous reasons why Manimama is the leading company formation agent in the Marshall Islands:
Expertise in Regulations of the Marshall Islands
- 1. Manimama has an in-depth understanding of the Marshall Islands' legal and regulatory framework.
- 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.
Local and International Experience
- 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
- 2. Our expertise spans various industries, providing customized solutions for each client.
Efficient and Timely Service
- 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
- 2. Our efficient processes minimize delays and get your business up and running quickly.
Client-Centric Approach
- 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
- 2. Our dedicated team is always available to address any concerns and provide expert advice.
Robust Network of Local Partners
- 1. We have established strong relationships with local authorities, banks, and service providers.
- 2. This network ensures that your business receives the best possible support and resources.
Ongoing Compliance Support
- 1. We provide continuous support to ensure your business remains compliant with laws of the Marshall Islands.
- 2. Our team keeps you updated on any regulatory changes that may impact your company.
Frequently Asked Questions
-
What is an International Business Company (IBC) in the Marshall Islands?An IBC in the Marshall Islands is a type of corporation designed for international business activities, offering tax neutrality, confidentiality, and operational flexibility.
-
What are the benefits of registering an IBC in the Marshall Islands?Benefits include no corporate taxes, no income taxes, no capital gains taxes, confidentiality of shareholders and directors, and a fast, efficient incorporation process.
-
What is the process for incorporating an IBC in the Marshall Islands?The process involves choosing a company name, preparing and filing the Articles of Incorporation with the Registrar of Corporations, and paying the required fees.
-
Are there any residency requirements for directors or shareholders?No, there are no residency or nationality requirements for directors or shareholders of an IBC in the Marshall Islands.
-
Is a local office required for an IBC in the Marshall Islands?No, an IBC is not required to maintain a local office in the Marshall Islands. It must, however, have a registered agent and a registered office address within the jurisdiction.
-
What are the reporting requirements for an IBC?An IBC in the Marshall Islands has minimal reporting requirements and is not required to file annual financial statements or tax returns with the local authorities.
-
How many directors and shareholders are required to form an IBC?An IBC requires at least one director and one shareholder. The same person can fulfill both roles.
-
Is the identity of shareholders and directors publicly disclosed?No, the identity of shareholders and directors is not part of the public record, ensuring confidentiality.
-
Is there a minimum capital requirement for an IBC?No, there is no minimum capital requirement for incorporating an IBC in the Marshall Islands.
-
Are there any restrictions on the names of IBCs?Yes, the chosen company name must be unique and must not imply government affiliation or be misleading.
-
What is the legal system in the Marshall Islands?The legal system in the Marshall Islands is based on English common law, providing a familiar legal framework for international business.
-
Is there a requirement to hold annual general meetings?No, there is no requirement for an IBC to hold annual general meetings. However, meetings can be conducted anywhere in the world if desired.
Client Feedbacks
“I would especially like to recognize their knowledge of local law and their ability to explain complex legal issues in simple language”.
“The lawyers were always in touch, answered all my questions and helped me every step of the way. I was particularly pleased with the professional support and attention to detail”.
"Thanks to Manimama OU's help, I was able to get my business up and running quickly and smoothly”.
Manimama as the Best Solution for Your Company Formation in the Marshall Islands
By choosing our company formation service in the Marshall Islands, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in the Marshall Islands and pave the way for your business success.
Our Latest Legal Researches
Сompany registration in Oman: Legal aspects and advice
If you plan to start a business in Asia, Oman is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Oman, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Сompany registration in Malaysia (Labuan): Legal aspects and advice
If you plan to start a business in Asia, Labuan, a federal territory of Malaysia is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Labuan, and is ready to share its results and help you choose the right jurisdiction. What are the…
Effective Strategies for Transferring a Business to New Owners: Steps for a Successful Deal
Manimama Law Firm offers comprehensive support—from company valuation and deal preparation to finding a trustworthy buyer and handling the legal aspects of the sale. Selling your business isn’t the end—it’s an opportunity for new achievements! Entrust this matter to professionals and focus on your next big goal. Why Selling Your Business is a Smart Move…
Connect with our experts
By clicking the button, I confirm that I have read the privacy policy and consent to the collection and processing of my personal data in accordance with the GDPR rules.
Contact Us
If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.
We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.
The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.