Marshall Islands Company Formation
Benefits of a Marshall Islands International Company Formation
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Effective and Flexible Corporate Solutions
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Fast and Easy Company Formation Process
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No Tax Business Environment
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Strong Privacy of Marshall Islands Company
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Very Stable Political and Legislative System.
from £995.00
Why Set Up a Marshall Islands Company?
The Marshall Islands offshore company is one of the best choices for those looking for a classic, stable, zero-tax jurisdiction. The flexible company laws, modern and efficient Marshall Islands corporate registry and relatively remote location have made this jurisdiction very popular over the past decade.
Marshall Islands International Registries
One of the features of the Marshall Islands is that the registrar’s offices are located in more than 20 jurisdictions around the world. This flexibility is especially useful when a company registration is urgently required.
International Maritime Register in the Marshall Islands
Marshall Islands company formation is a perfect choice for yacht and ship registrations due to the country having the second largest ship registry in the world and its high quality and efficient Registrar of Companies. Marshall Islands companies are also widely used as standard asset-holding limited liability companies with closed registers of directors and shareholders.
The jurisdiction is highly compliant with global AML/CFT standards as well as beneficial ownership and substance regulations. The high level of compliance of this type of company makes it easier to open a bank account for such a company.
It is also possible to acquire a ready-made shelf company. Contact Glenmuir Trust to obtain the current list of ready-made companies in the Marshall Islands. Glenmuir Trust can incorporate any type of entity in the Marshall Islands and arrange opening of bank account for the company..
Taxation of a Marshall Islands Company
The Marshall Islands adopted a no-tax model for non-resident companies that attracted many businesses and individuals to set up their offshore companies there.
A classic tax haven
The Marshall Islands is a classic offshore tax haven where no tax is levied on offshore profits, including passive income. IBC companies incorporated by the Marshall Islands Company Registry are deemed to be non-resident companies.
Companies that do not derive income in the Marshall Islands are not required to file annual tax returns or audited financial statements.
There is no corporate profit tax, capital gains tax, withholding tax on royalties, interest and dividends or stamp duty for Marshall Islands companies that do not profit from business in the Marshall Islands.
The official currency of the Marshall Islands is the United States dollar (USD).
There are also no currency exchange controls in the Marshall Islands.
Corporate Legislation in the Marshall Islands
The Marshall Islands’ laws are based on common law.
Marshall Islands company law is largely based on the US model, in particular, Delaware corporate legislation. It should be noted, however, that the US model has been modified to make it even more flexible and adaptable to classic IBC offshore companies.
It is notable that the Marshall Islands Maritime Registry is the second-largest registry in the world. That is why a Marshall Islands company can be very useful for registering a vessel in the Marshall Islands. Moreover, the special registration regime allows foreign corporations to be registered as Foreign Maritime Entities (FMEs) to hold the vessel under the Marshall Islands flag.
The court of final appeal is the Supreme Court of the Marshall Islands.
The Company Registration in Marshall Islands Package Includes the Following Company Documents:
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Certificate of Incorporation issued by the Marshall Islands Registrar of Companies
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Memorandum of Association stamped by the Marshall Islands Registrar of Companies
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Articles of Association stamped by the Marshall Islands Registrar of Companies
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Instrument of Appointment of Proxy
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Resolution of appointment of first directors
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Register of directors
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Register of shareholder
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Minutes of first meeting of directors
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Share Certificate for each shareholder
** Payment Plan Also Available For New Incorporations
