Home Оффшоры на Маршаллах Offshore of the Marshall Islands

Offshore of the Marshall Islands

E-mail Print PDF

Republic of the Marshall Islands located in the Pacific Ocean in the region of Micronesia, and consists of two parallel groups lying islands and atolls. The largest island is about, in Majuro, which is also the capital of the same name.

At different times of history, the Marshall Islands were a colony of Spain (until 1885), Germany (1917), Japan (until 1944). After 1945, the islands attained the status of the territory administered by the United States of America, and in 1986 became an independent nation. Country is governed by the president, who is appointed by the Senate.
Legislative act on the basis of which register a company in the Marshall Islands, is the Association Law of the Republic of Marshall Islands 1990.

information about the jurisdiction

Area - 605 sq. km..
Population - 48.000 inhabitants
Political status - Republic
Capital - Majuro
Official language - English
Official currency - U.S. dollar (USD)
Time zone - GMT +11

Company Type

Non-Resident Domestic Corporation

Director of

Quantity: minimum - 1.
Status: natural or legal persons.
Residence: may be from any country.
Details of the directors: stored in the register of companies in the Marshall Islands.
Shareholders: permitted.

The company's shareholders

Quantity: minimum - 1.
Status: natural or legal persons.
Residence: may be from any country.
Details of shareholders: stored in the register of enterprises in the Marshall Islands.
Nominee shareholders: permitted.

Company secretary

Quantity: minimum - 1.
Status: natural or legal persons.
Residence: may be from any country.
Information about the Secretary-General: stored in the register of companies in the Marshall Islands.
Nominee Secretary: permitted.

Authorised share capital

Standard authorized capital - 50.000. - USD.
Requirements for payment of capital or part of it, no.

Company Name

Corporation ╩, ╚ Limited ╩, или аббревиатурой ╚ Inc. ╩, ╚ Corp. ╩, ╚ Ltd. ╩, ╚ SA ╩, ╚ GmbH ╩. Should end with the word ╚Incorporated╩, ╚Corporation╩, ╚Limited╩, or the abbreviation ╚Inc.╩, ╚Corp.╩, ╚Ltd.╩, ╚SA╩, ╚GmbH╩. Insurance ╩, ╚ Trust ╩, ╚ Assurance ╩, ╚ Imperial ╩, ╚ Royal ╩ и═др. Without obtaining the appropriate licenses will not be permitted names containing the word ╚Bank╩, ╚Insurance╩, ╚Trust╩, ╚Assurance╩, ╚Imperial╩, ╚Royal╩, etc.

Beneficial Ownership

Local law does not require the provision of information about beneficial ownership.

Filing an annual report (Annual Return)

Requirement to file an annual report (Annual Return) no.

Filing of Financial Report (Financial Statement)

Requirement to file financial statements (Financial Statement) no.

Taxation

Taxation for Non-Resident Corporations - 0%.

Treaty on Avoidance of Double Taxation

In the Republic of Marshall Islands is not concluded treaties with other countries on avoiding double taxation.

Timeframe for incorporation

6 - 7 working days receipt of full documentation - 4 - 5 weeks.

Marshall Islands - classical tax jurisdiction that does not require complicated procedures for the company and its annual reporting. In this jurisdiction, there is also legislation on companies LLC (Republic of the Marshall Islands Limited Liability Company Act 1996) and, accordingly, is the possibility of this type of companies