Company Formation in Marshall Islands
Assistance with opening a company in the Marshall Islands, one of the best jurisdictions for global business. Fast incorporation, no taxes.
- Tax free jurisdiction
- Bearer shares allowed
- Easy to incorporate and operate
- High level of privacy
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Former investment banker turned crypto & gambling regulation specialist.
Cost of a Company Formation in the Marshall islands
To avoid you the hassle of procedures and document preparation, LegalBison has sorted all-in-one service packages to assist you with the swift and simple formation of your company in the Marshall Islands.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
+44 20 4577 0974
Former investment banker turned crypto & gambling regulation specialist.
+44 20 4577 0974
Request info on companies in the Marshall Islands: cost, process and requirements.
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Initial consultation
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Turnkey Company Formation
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Company contact person
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Registered legal company address for 1 year
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Remote incorporation
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Notary Services
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Company Secretary
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Nominee Shareholder
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Nominee director
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Accounting for 1 year
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Long-term POA
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Apostilled set of documents
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Additional legal support
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Corporate Account
Turnkey company formation, Everything you need to get off the ground. Start now!
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Initial consultation
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Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Nominee Shareholder
-
Nominee director
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
Full turnkey company formation and support in all necessary aspects. Customized!
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Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Nominee Shareholder
-
Nominee director
-
Accounting for 1 year
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
General overview - Marshall Islands Company Formation
The Marshall Islands are a small and picturesque island country in the Pacific Ocean. Apart from being an amazing tourist destination, it has also become a reputable offshore jurisdiction. The country provides a business-friendly environment and offers unique opportunities for foreign investors.
A lot of entrepreneurs from around the globe find the Marshall Islands extremely attractive due to its political and economic stability The country passed laws that always fit the needs and requirements of companies working there.
If you are looking for a reputable offshore center to register a company, considering the Marshall Islands would be definitely a great idea. The country has a no-tax policy providing the best conditions for growing and developing your business. The fact that there is no need to pay any income taxes makes the Marshall Islands even more attractive for business owners. The country offers a high level of confidentiality. The entrepreneurs do not have to disclose any personal information about the stockholders and directors of the company.
The flexibility of the Marshall Islands laws makes it possible for entrepreneurs to choose the company structure that suits their business most. The most common business forms include an international business company, a general partnership, a limited partnership, and a limited liability company. The Marshall Islands offer great benefits for maritime businesses as well. That’s why a lot of foreign entrepreneurs also prefer registering maritime companies in this island country.
If you have already elected the Marshall Islands as your new offshore business headquarter, you may wonder what steps you will have to take in order to register your company successfully.
- First, you should choose the right corporate structure and the name for your company. Just make sure that the company name you prefer is unique and complies with the existing Marshal Islands regulations.
- Then you should prepare the corporate documents and submit them to register a company. After submitting the documents, pick a bank to open a bank account.
As you can see, the process of registering a company in the Marshall Islands is quick and straightforward. This beautiful country is a true paradise for foreign business owners and investors. No doubt, a favorable business climate makes this tropical country an ideal choice for your offshore company formation.
- Bearer Shares
- Taxes
- Duration
- Double Tax Agreements
- Annual Records
- Audit & Accounting
Bearer shares
The vast majority of jurisdictions around the world do not permit the use of bearer shares. However, the Marshall Islands are among those few jurisdictions that still allow it.
No Taxation
As an offshore jurisdiction, the Marshall Islands have a strong advantage that helps attract so many businesses. The country does not impose taxes on companies operating here. It is an effective strategy that encourages foreign investors to do business in this remote country. Obviously, there are reasons why the Marshall Islands are a country with no income tax. It gets income from some other sources including trust companies, maritime services as well as fees the entrepreneurs pay to register their companies.
In fact, there are certain conditions you should meet in order to be able to benefit from a no-tax system. If you register a company in the Marshall Islands, but do not have a physical presence in the country and do not provide the services to the local population, you will have to pay no taxes. Plus, the government does not impose taxes on the income an entrepreneur receives from selling goods and services outside the county.
The Marshall Islands may also offer some benefits to the offshore companies working in the shipping, banking, or insurance industries. Keep in mind that the government of this island country reduces taxes for some businesses in order to attract more foreign investors and boost economic growth. It’s worth mentioning that tax laws in the Marshall Islands, just like in any other country, tend to change. So, you should do thorough research and analyze all the recent changes in tax legislation before registering a company in this country.
Fast Set-up
The Marshall Islands are a developing country that has become economically and politically stable in recent years. It has also managed to achieve financial harmony to attract more and more foreign investors. Today, business owners and entrepreneurs find this country one of the most popular offshore jurisdictions. This remote country works hard to improve the existing laws to create an even better business environment. Foreign entrepreneurs and business owners can register their companies in the Marshall Islands within several days. It is a fast, straightforward, and absolutely transparent process. However, during this process, you still need the help of a financial and legal expert to make sure that your business complies with all Marshall Islands regulations.
Few Tax Treaties
A double tax treaty is an agreement between the countries to reduce the amount of tax the international companies have to pay. The agreement includes two countries. The treaty usually helps businesses avoid paying taxes twice. There are some certain countries experts usually call tax heavens. These countries have low or absolutely no income tax. And Marshall Islands are one of these countries. However, this offshore jurisdiction has no Double Tax Avoidance Treaty with other countries. But it has Tax Information Exchange Agreements with the following countries: Finland, Greenland, Australia, Iceland, Denmark, Ireland, Korea, New Zealand, Netherlands, Sweden, Faroe Islands, USA and Norway.
The EU is constantly implementing new initiatives to combat tax evasion. For this purpose, It has made up a list of jurisdictions that refuse to cooperate. The Marshall Islands were added to this blacklist on February 14, 2023. However, on October 17, 2023, the country was removed from that list because it made huge progress towards international tax transparency.
No annual records
A wide range of benefits makes the Marshall Islands an incredibly attractive offshore jurisdiction. The fact that the government of the country does not demand annual tax records attracts even more foreign entrepreneurs. This island country creates favorable conditions for businesses to grow and develop.
So, when you set up a company in the Marshall Islands, you will not have to provide its government with financial reports. However, in order to be able to open a bank account on the territory of this island country, you should still keep track of your finances and be accurate about it.
No Audit/Accounting
The Marshall Islands are working hard to help business owners and entrepreneurs make their companies prosperous. That is the main reason why they have flexible laws and regulations you can definitely benefit from. The lack of auditing and accounting requirements attracts even more foreign entrepreneurs to the Marshall Islands.
However, you should keep in mind that the absence of audit/accounting requirements doesn’t mean that you shouldn’t do financial accounting at all. You should keep accounting records internally. These records are extremely important for businesses just because they give companies an opportunity to control their finances and make decisions with their financial situation in mind.
As it happened: here is what out clients say
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen LegalBison as our Partner for incorporations, globally.
I highly recommend Legal Bison to any entrepreneur or business seeking top-notch services for their company formation. Their commitment to excellence and customer satisfaction is truly commendable.
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Popular business models in the Marshall Islands
ICO Special Purpose Vehicle in the Marshall Islands
The Marshall Islands offer an opportunity to create an ICO special purpose vehicle (SPV) for selling cryptocurrency. The process of setting up this type of company will not be difficult at all. First, you should select the corporate structure for your company and pick a unique name. Then you should appoint an agent who will receive the documents you submit. Once the documents are ready, you can launch the company.
The rules and regulations around cryptocurrencies change on a regular basis. Ask an expert for help to make sure that your company complies with the existing Marshall Islands laws.
Holding company in the Marshall Islands
Entrepreneurs often prefer the Marshall Islands as an offshore jurisdiction for holding companies. In this country, you have an opportunity to register a company in order to hold investments or assets.
Setting up a trust in the Marshall Islands is an effective way to manage your assets. A trust offers you protection in different life situations. If you are interested in establishing a trust in this reliable jurisdiction, contact an expert who will provide you with more detailed information.
Maritime company registered in the Marshall Islands
Do you want to establish a maritime company in a reliable offshore jurisdiction? No doubt that the Marshall Islands is the place you need. This island country offers favorable conditions for maritime company registration. A lot of business owners and entrepreneurs choose the Marshall Islands to register a vessel or establish a shipping company.
The Marshall Islands are one of the world’s largest ship registries that usually include private yachts and ocean-going vessels. Regardless of the corporate structure you select for your company, the process of registration is always quick and straightforward.
Asset management with a company registered in the Marshall Islands
A high level of confidentiality and flexible laws make the Marshall Islands very attractive for asset management and financial services. If you choose to establish a company in this offshore jurisdiction, you can be sure that the Marshall Islands laws will protect the assets of your company against different risks.
International trade with a company formation in the Marshall Islands
The Marshall Islands are a country with a strategic location. You can find this picturesque island in the Pacific Ocean, between Guam and Hawaii. This convenient location is extremely important for international trade. The Marshall Islands implement favorable laws and regulations to create a business-friendly environment and boost trade.
- Initial Coin Offering
- Holding Company
- Maritime Business
- Asset Management
- International Trade
ICO Special Purpose Vehicle in the Marshall Islands
The Marshall Islands offer an opportunity to create an ICO special purpose vehicle (SPV) for selling cryptocurrency. The process of setting up this type of company will not be difficult at all. First, you should select the corporate structure for your company and pick a unique name. Then you should appoint an agent who will receive the documents you submit. Once the documents are ready, you can launch the company.
The rules and regulations around cryptocurrencies change on a regular basis. Ask an expert for help to make sure that your company complies with the existing Marshall Islands laws.
Holding company in the Marshall Islands
Entrepreneurs often prefer the Marshall Islands as an offshore jurisdiction for holding companies. In this country, you have an opportunity to register a company in order to hold investments or assets.
Setting up a trust in the Marshall Islands is an effective way to manage your assets. A trust offers you protection in different life situations. If you are interested in establishing a trust in this reliable jurisdiction, contact an expert who will provide you with more detailed information.
Maritime company registered in the Marshall Islands
Do you want to establish a maritime company in a reliable offshore jurisdiction? No doubt that the Marshall Islands is the place you need. This island country offers favorable conditions for maritime company registration. A lot of business owners and entrepreneurs choose the Marshall Islands to register a vessel or establish a shipping company.
The Marshall Islands are one of the world’s largest ship registries that usually include private yachts and ocean-going vessels. Regardless of the corporate structure you select for your company, the process of registration is always quick and straightforward.
Asset management with a company registered in the Marshall Islands
A high level of confidentiality and flexible laws make the Marshall Islands very attractive for asset management and financial services. If you choose to establish a company in this offshore jurisdiction, you can be sure that the Marshall Islands laws will protect the assets of your company against different risks.
International trade with a company formation in the Marshall Islands
The Marshall Islands are a country with a strategic location. You can find this picturesque island in the Pacific Ocean, between Guam and Hawaii. This convenient location is extremely important for international trade. The Marshall Islands implement favorable laws and regulations to create a business-friendly environment and boost trade.
Full process: Incorporation in the Marshall Islands in 2025
The process of company registration in the Marshall Islands is quick and easy. Several days is usually enough to prepare all the necessary documents and set up a company.
PROJECT PLANNING
The first thing that you will have to do is choose the corporate structure for your company. Then, it’s necessary to pick a unique name for the company. Once you come up with the appropriate name, prepare the documents and register an agent who will become the representative of your company. The next step you should take is to submit the documents for registration.
INCORPORATION OF THE COMPANY
Our experts will accompany you at all stages of the company registration process. They will always keep in touch, answering all of your questions and making the whole process smooth and easy for you. Once the registration is over, you will receive the legal documents right away.
BANK ACCOUNT OPENING
Once the company registration is complete, you will have to open a bank account in order to manage your finances. Our highly experienced professionals will help you with this process as well.
Company formation in the Marshall Islands
Get in touch with a company formation specialist today and lay down your plan. Receive advice and a quotation for your company in the Marshall Islands.
Marshall Islands Company Registration in Details
The Marshall Islands are a reliable offshore jurisdiction that provides a business-friendly environment for foreign investors. That is the main reason why so many entrepreneurs choose this tropical country for the company formation procedure. The process of company registration in the Marshall Islands is quick, simple, and transparent.
Besides being a country with no income tax, the Marshall Islands offer other benefits that make it an attractive jurisdiction. Easy company formation and privacy are the few advantages you can enjoy if you choose to do business in this country.
What is the process to register a company in the Marshall Islands?
In the Marshall Islands, company incorporation is a quick and easy process that usually requires one director and one shareholder.
Necessary documents
Obviously, you will need some documents In order to register your company successfully in the Marshall Islands. The necessary documents usually include a Certificate of Incorporation, Articles of Incorporation, Identification documents, and Power of Attorney if you register the company remotely. In some cases, you will have to provide additional documents. Anyway, you should consult a legal expert who will help you with preparing the documents.
To register a company in the Marshall Islands, you need at least one director and one shareholder. You should also appoint a secretary and a registered agent. It’s worth mentioning that there are no minimum requirements for a company’s share capital in the Marshall Islands.
Remote incorporation
An entrepreneur or business owner does not have to be present in the Marshall Islands in order to register a company there. The whole process can be remote. It can be very convenient because visiting the country can be hard for some entrepreneurs. The remote incorporation usually takes about 1 week to complete.
For remote company registration, you will also need a set of documents including Identification Documents, Power of Attorney as well as certified company documents. You will see that remote incorporation is a quick and easy process. Our experts will help you to go through this procedure smoothly and effortlessly.
How to: registration company in the Marshall Islands
The Marshall Islands are an offshore jurisdiction that makes it really easy to establish and run a company. It offers a lot of benefits including no tax policy and lack of audit requirements. The process of company registration does not take too much time. It is usually quick and straightforward.
The company formation process has several steps. You need to choose a corporate structure and the name for your company and prepare the documents. Then you should submit the documents for registration and get the necessary licenses.
How high are the taxes for companies registered in the Marshall Islands?
This popular offshore jurisdiction offers stability and flexibility in tax laws attracting a lot of foreign entrepreneurs and business owners.
Corporate Taxes
The Marshall Islands government does not impose corporate income taxes on the companies that work within the country.
Tax treaties with other countries
The Marshall Islands has no Double Tax Treaties with other countries. However, this jurisdiction has Tax Information Exchange Treaties with several countries.
About the accounting and auditing requirements in the Marshall Islands
The absence of strict accounting and auditing requirements makes the Marshall Islands an extremely popular jurisdiction among foreign investors.
Accounting and Bookkeeping
The government of the Marshall Islands does not require foreign entrepreneurs to file annual returns. However, you should keep your accounting records to understand your financial situation.
Auditing requirements
This offshore jurisdiction has no strict auditing requirements for non-resident companies.
About the publicity of information in the Marshall Islands company registry
The Marshall Islands Company Registry attracts a lot of business owners and entrepreneurs from around the world. This offshore jurisdiction offers unique opportunities for business growth and development.
Registry of Directors in the Marshall Islands
The Registry of Directors should contain information about those individuals who are directors of the companies that operate in the Marshall Islands’ jurisdiction. The details usually include the nationalities, names, and addresses of the directors. To set up a company an entrepreneur should appoint at least one director.
In fact, according to Marshall Islands laws, the information about directors is not public. You can keep it within the company. And there is no need to file this information to the Registrar of Corporations.
Registry of shareholders in the Marshall Islands
To register a company in the Marshall Islands, you need at least one shareholder. It’s worth mentioning that the same person can be a shareholder and director in your company. The details about shareholders are kept secret as well.
Are nominee services legal in the Marshall Islands
Nominee services are not legal in the Marshall Islands. So, you should not use nominee services in this jurisdiction.
Economic substance requirements for a company registration in the Marshall Islands
The Marshall Islands have approved the Economic Substance Regulations regarding the companies that are tax residents to make sure that the entrepreneurs pay taxes where their economic activities occur.
Economic substance in the Marshall Islands
According to Marshall Islands laws and regulations, the companies that participate in relevant activities must generate income within the jurisdiction. In this case, the entrepreneurs must have a local office, hire staff, and have directors in the Marshall Islands.
Residency requirements of shareholders and directors in the Marshall Islands
In order to set up a company in the Marshall Islands jurisdiction, an entrepreneur must have at least one director and one shareholder. The same person can be a shareholder and director in the company. The directors and shareholders can be of any nationality and do not have to be residents of this island country.
Banking with a Marshall Islands company
Opening a bank account is one of the most important things you will have to do to register a company in the Marshall Islands. Choose a bank and decide what account type you should prefer for your business. Then, you should prepare all the necessary documents and submit them.
In fact, it’s not necessary to have an account in the Marshall Islands bank to set up an offshore company here. You can select banks in other countries as well. Our highly trained experts will help you with bank account opening to make sure that you manage to register your company successfully.
About the different company types in the Marshall Islands
There are different types of companies that can operate within the Marshall Islands jurisdiction.
International Business Company (IBC)
IBC is one of the most popular company types in the Marshall Islands. A lot of entrepreneurs and business owners choose this legal entity for a wide range of purposes including an international joint venture and an international trading company.
Limited Liability Company (LLC)
LLCs are the companies that combine the features of IBCs and partnerships. They offer such benefits as limited liability for the owners, privacy, no-tax policy, and no auditing or accounting requirements.
Trust
A trust is a relationship in which the trustee holds title to assets or property on behalf of the beneficiary. Setting up a trust is an effective way to protect assets.
Foundation
A Foundation is a legal entity that combines the traits of a trust and a corporation. People often establish foundations for charitable purposes.
Alternatives to Marshall Islands Company Registration
Company Formation in British Virgin Islands
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Company Formation in Estonia
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Company Formation in Hong Kong
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About company registration in Marshall Islands
Yes, in any currency. The minimum paid must amount in value to 1 USD.
Depending on your objective and your business model, another jurisdiction might fit better. The best way to determine if the Marshall Islands is the best place for your business is to get in touch with our experts.
The Marshall Islands are a tax haven for offshore companies. The country provides some types of businesses with tax advantages. The European Union has recently removed the Republic of the Marshall Islands from its blacklist of tax havens. The Council updates its blacklist two times per year. It officially removed the country from the EU blacklist at the end of 2023 after the ban on “letterbox companies”. Nowadays, the EU considers the country as a tax haven. The Marshall Islands offer a variety of offshore financial products to investors as well as foreign entrepreneurs and provide convenient conditions for creating offshore companies. The Marshall Islands don’t require non-resident companies to pay local taxes.
With very beneficial rules for operation, the Marshall Islands are indeed a very effective jurisdiction. It would not fit every business model, though. For more information, get in touch with our experts.
The Marshall Islands are not part of the British Commonwealth anymore. History says that the government of the Marshall Islands took an important step on its way to independence by signing a Compact of Free Association with the United States in 1983. The Marshall Islands became an independent country in 1986 when the document entered into force. The period of time from 1999 to 2003 played an important role in the country’s independence. The Marshall Islands and the United States negotiated the so-called Amended Compact. The document entered into force and the Marshall Islands became a sovereign nation in 2004.
The Marshall Islands are not a part of the Hague Conversion on the Protection of Children and Co-operation in Respect of Intercountry Adoption. For example, according to the Compact of Free Association between the Marshall Islands and the United States, the residents of the Marshall Islands don’t have to have a US visa in order to visit and live in the United States. However, the adopted Marshallese children have to go through the Marshallese adoption procedures and U.S. immigration procedures to visit the United States. Otherwise, they may face challenges when trying to adjust their immigration status and become citizens of the US.
Contact Us
Request more information about incorporation in the Marshall Islands now by contacting us. During the free primary consultation, we will design the best algorithm for your company registration and give professional legal advice.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Former investment banker turned crypto & gambling regulation specialist.
