Marshall Company Registration
The Marshall Islands are located between Indonesia and Hawaii, at the easternmost part of the Western Pacific Islands. The Marshall Islands are the world's third-largest flag of convenience for ships, with its offshore company registration growing at a rate of 20% per year, renowned for its quality and management. Companies established in the Marshall Islands facilitate real estate investment, securities trading, trusts, and financial investment plans including asset protection trusts, joint venture operations, and raising capital from global markets through stock listings.
The Marshall Islands are one of the well-known offshore registration locations, with a stable political, economic, and trade environment, excellent financial and legal infrastructure, and unrestricted and swift share transfer. Since 1996, the Marshall Islands government has implemented several reforms, including the introduction of market mechanisms, development of tourism and fishing resources, attraction of foreign investment, and government downsizing, all of which have played a significant role in improving the economic situation of the Marshall Islands.
Advantages of Registering a Company in the Marshall Islands
1.Fast Registration: Compared to BVI, registering a company in the Marshall Islands takes relatively less time;
2.Tax Optimization: Marshall Islands companies are not subject to foreign exchange controls, allowing foreign trade enterprises to achieve tax optimization through them;
3.Confidentiality of Information: Like most offshore company laws, the Marshall Islands Business Corporations Act includes confidentiality provisions;
4.Convenient Company Operations: Marshall Islands companies are easy to operate without the need for accounting, auditing, or tax filing; and the annual maintenance fees for Marshall Islands companies are cheaper compared to those of BVI companies;
5.Facilitates Planning for Going Public: Has a good reputation in European and the United States, enabling overseas indirect listings through registering a company in the Marshall Islands;
6.Eligible for Embassy Certification: Documents of companies registered in the Marshall Islands can be certified by embassies;
7.Ownership of Vessels: Marshall Islands companies can be used for specific types of shipping companies, able to register as shipping, ship management, or ship agency companies, facilitating the ownership, buying, selling, and operating of vessels and related businesses.
Conditions for Registering a Company in the Marshall Islands
1.Company Name: Naming a Marshall Islands company is relatively flexible. The name can end with terms such as LIMITED, CORPORATION, INCORPORATED, or their abbreviations like LTD, CORP, or INC. Company names are usually in English, and including a Chinese name requires an additional fee. To avoid duplication, the company name needs to be checked for availability;
2.Directors and Shareholders: At least one director is required, who can be a legal entity or a natural person of any nationality;
3.Registered Capital: The minimum registered capital is 50,000 USD, with no verification needed;
4.Registered Address: The registered address must be in the Marshall Islands;
5.Appointed Secretary: Appointing a secretary is not mandatory, but the Marshall Islands government recommends it;
6.Scope of Business: The Marshall Islands government is relatively lenient regarding this requirement; any qualified and compliant business activity can be chosen.
Registration Process
1.Company Name Search: Provide the desired Marshall Islands company name for a name search;
2.Sign Agreement and Make Payment: Submit the filled power of attorney and signed agreement;
3.Submission of Documents: Submit application documents to the Marshall Islands Company Registry;
4.Government Approval: The Marshall Islands Company Registry processes and approves the registration, obtaining the documents for the registered Marshall Islands company;
5.Sign Off on Government Documents: Scan and confirm the received company documents, completing the company registration.
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