Marshall Islands International Business Company (IBC) Formation

Located midway between Indonesia and Hawaii, the Marshall Islands are the easternmost island group in Micronesia.

The Marshall Islands is a zero-tax jurisdiction for all non-resident business entities (IBCs) and with their modern law system, guaranteeing a fast and reliable service, for offshore company formations.

  • Asset Security
  • Tax and Stamp duty exemption
  • Privacy – Confidentiality and Anonymity
  • No Disclosure
  • Minimum Shareholder is one
  • Minimum Director is one
  • Corporate Directors and Shareholders permitted
  • No Annual General Meetings
  • Low Government Fees
  • E-Commerce Companies
  • Offshore Savings and Investments
  • Asset Protection
  • International Trading Companies

A Marshall Islands IBC is restricted from conducting business with residents of The Marshall Islands or to trade within the Marshall Islands. There is also a restriction on conducting business in banking, trusts, insurance, assurance, reinsurance or gaming.

The Republic of the Marshall Islands has licenced one company, to incorporate all non-resident companies.

The first requirement is approval of the proposed company name. Using standard Articles of Incorporation.

The request to incorporate should contain the Company Name, Number of authorised shares, if the shares have par or no par value (if par value, the amount per share). It is also required to state whether the share are to be in bearer and – or registered form.

Overview
Company TypeIBC
Country LawCommon Law
Company Law

The Associations Law of the Republic,

of the Marshall Islands 1990, incorporating

the Business Corporations Act (BCA)

Limited Partnership Act

Limited Liability Company Act

Partnership Act

Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company1 to 3 Business Working Days
Government Fees
Minimum Government Formation Charge$650 USD
Recurring Minimum Annual Company License FeeNot Applicable
Annual Return Filing FeeNot Applicable
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNone

All Marshall Islands International Business Companies are exempt from taxes.

Directors
Minimum Required Directors1
Local Director RequiredNo
Records PublicNo
Board Meeting LocationNot Required, Anywhere in the World
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsNo

There is a minimum requirement of one Director, of which may be the only shareholder. Directors can be either individuals or corporate bodies of any nationality and resident of any country.

Company Secretary
Secretary RequiredYes
Local or Qualified PositionNo
Share Capital
Standard Currency

US Dollar

Permitted Share CurrencyAny
Minimum Paid Up Shares$1 USD
Usual Authorised$50,000 USD
Bearer Shares PermittedYes
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder
Corporate Shareholdes PermittedYes
Meeting LocationsCan be held anywhere in the world
Privacy - Publicly Available RecordsNo
Company Accounts
Requirements To PrepareNo
Audit RequiredNo
Keep Financial RecordsYes
Requirement To File AccountsNo
Requirement to File Annual ReturnNo
Accounts Publicly AccessibleNo

All Marshall Islands International Business Companies are exempt from tax.

Marshall Islands

Facts

LocationIsland country located near the equator in the Pacific Ocean
SizeApproximate area of 181 sq. km
PopulationApproximately 68,000
Languages Spoken

Main and Official Languages:

Marshallese

English

CurrencyUS Dollar
PoliticsUnitary Parliamentary Republic
Economy

Main Industries:

Sale of Fishing Rights

Foreign Assistance

Fishing

Transport

Air

Road - Driving on the Right

Boat

Time ZoneMHT (UTC+12)
International Dialling Code+692
Internet TLD.mh

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Marshall Ilsands International Business Company (IBC) Formation Enquiry

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