Top 5 Benefits of Registering a Business in the Marshall Islands
The Marshall Islands offers a tax-free environment, strong privacy protections, and flexible corporate structures…
Marshall Islands Company Formation
Register a company in the Marshall Islands in just 2-3 days with zero corporate taxes, strong asset protection, and dedicated support.
Benefits
Register a Company in the Marshall Islands
No exchange controls on foreign transactions.
No requirement to file annual accounts or tax returns.
No corporate tax, asset tax, or stamp duty for non-resident entities.
No withholding tax on dividends, interest, or royalties paid by non-resident entities.
No public records of directors and shareholders unless otherwise requested.
Offshore companies in the Marshall Islands must keep and maintain accounting records and a register of directors, shareholders, and beneficial owners.
Ideal for business ventures, IP holding, asset management, IPOs, tax and estate planning, and vessel/yacht ownership.
Marshall Islands Company Formation Packages
Basic
US$870
- • Unlimited Name Availability Check: Ensure your chosen company name is unique and available.
- • Document Preparation and Filing: All necessary documentation is prepared and submitted on your behalf.
- • Expedited Incorporation Process: Company incorporation completed efficiently.
- • One Year of Secretarial Services: Comprehensive company secretarial support for one year.
- • One Year Registered Agent and Address: Provision of a local registered agent and address for one year.
- • All Government Fees Included for One Year: Covers all government-related fees for the first year.
- • Digital Corporate Documents: Receive all essential corporate documents in digital format.
This package provides all the necessary services for a foreigner to establish a new Marshall Islands Non-resident Corporation Company from start to finish.
Standard
US$950
- • Everything in the Basic Package: Includes comprehensive services for setting up a Marshall Islands International Business Company (IBC).
- • Bank Account Opening: Assistance with opening a bank account.
- • One-Time Application Fee: Covers the application fee for one bank account.
- • Bank Account Introduction: Introduction service to any bank on the supported list.
- • Certificate of Incumbency: Provided if required.
Premium
US$1090
- • Everything in the Standard Package: Includes all the comprehensive services provided in the standard package.
- • Premium Banking Support: Enhanced support for bank account services.
- • One-Time Application Fee: Covers the application fee for up to 5 banks or until the account is successfully opened, whichever comes first.
- • Consulting on Alternatives: Expert advice on suitable alternatives if the initial application is not approved.
- • Remote Bank Account Opening: Facilitates opening a bank account remotely.
- • Fast Response: Prompt assistance available even on weekends.
- • Frequent Updates: Regular updates on the bank account opening process to keep you informed.
Offshore Company Incorporation Process
KYC Documents Checklist
KYC documents are essential to verify the identity of individuals and corporations in Marshall Islands. Below, you’ll find a list of the required documents.
The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.
- A certified true copy (scanned version) of the passport (valid for at least 6 months)
- A certified true copy (scanned version) of driver's license or national ID
- Bank reference letter & professional reference letter (minimum 3-year relationship), must be dated within the last 6 months and include the contact details of the issuer
- A Curriculum Vitae (C.V.), resumé, or LinkedIn profile
To establish the identity of a corporation or entity, it is necessary to provide company documents and proof of identity for its members.
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Frequently Asked Questions
How do I register an offshore company in the Marshall Islands?
To register an offshore company in the Marshall Islands, you must choose a unique company name, appoint at least one director and one shareholder, and submit the necessary
incorporation documents to the Marshall Islands Maritime and Corporate Registries (MISR). The incorporation process is fast, typically taking one to two business days. A Marshall Islands International Business Company (IBC) must also have a registered agent in the jurisdiction, as required by the Marshall Islands Business Corporations Act.
What are the benefits of registering an offshore company in the Marshall Islands?
The Marshall Islands offers a tax-neutral jurisdiction with no corporate taxes, capital gains taxes, or withholding taxes for offshore companies. The country provides strong privacy protections, as there is no public registry of directors or shareholders. Additionally, Marshall Islands IBCs have no minimum capital requirements, no currency exchange controls, and no financial reporting obligations. The Marshall Islands Maritime and Corporate Registries (MISR) ensures smooth corporate operations while maintaining flexibility for international business owners.
What types of offshore companies can be formed in the Marshall Islands?
The most common offshore structure is the Marshall Islands International Business Company (IBC), which is widely used for international trade, asset protection, and investment holding. The jurisdiction also offers Limited Liability Companies (LLCs) and Limited Partnerships (LPs), making it a flexible location for structuring offshore businesses. These entities are governed by the Marshall Islands Associations Law and the Business Corporations Act.
What documents are required to register an offshore company in the Marshall Islands?
To incorporate a Marshall Islands IBC, the required documents include a passport copy for each director and shareholder, proof of address such as a utility bill or bank statement, details of the company name and business structure, and the Articles of Incorporation. A licensed registered agent in the Marshall Islands is required for company formation and compliance with the Marshall Islands Corporate Registry.
Do Marshall Islands offshore companies have to pay taxes?
No, Marshall Islands IBCs are fully exempt from corporate income tax, capital gains tax, and withholding tax, provided they do not conduct business within the Marshall Islands. This tax-free status makes it a highly attractive jurisdiction for international business operations. However, business owners should comply with tax laws in their home country.
Are bearer shares permitted in the Marshall Islands?
Yes, bearer shares are permitted, but they must be held by an approved custodian under anti-money laundering (AML) regulations. This makes the Marshall Islands one of the few offshore jurisdictions still allowing bearer shares under restricted conditions.
What is the renewal process for an offshore company in the Marshall Islands?
Offshore companies in the Marshall Islands must renew their registration annually by paying the government renewal fee and maintaining a registered agent in the jurisdiction. The renewal process is overseen by the Marshall Islands Maritime and Corporate Registries (MISR).
Does the Marshall Islands impose taxes on offshore companies?
No, Marshall Islands IBCs are fully exempt from corporate tax, income tax, capital gains tax, and inheritance tax. This tax-neutral status is protected under the Marshall Islands Business Corporations Act.
Are there foreign currency restrictions in the Marshall Islands?
No, there are no foreign currency restrictions in the Marshall Islands. Offshore companies can conduct transactions in any currency without limitations. The US dollar is the official currency, providing financial stability for international businesses.
What are the annual compliance requirements for a Marshall Islands IBC?
A Marshall Islands IBC must maintain a registered agent in the jurisdiction, renew its registration annually, and keep internal company records. There is no requirement to file annual financial statements or undergo audits unless the company engages in regulated activities such as banking, insurance, or investment fund management. Compliance is monitored by the Marshall Islands Corporate Registry.
Is there a requirement to file annual financial statements?
No, Marshall Islands offshore companies are not required to file annual financial statements or tax returns. However, maintaining internal records is recommended for corporate governance purposes.
Is it possible to open an offshore bank account for a Marshall Islands IBC?
Yes, a Marshall Islands IBC can open offshore bank accounts in major financial centers such as Switzerland, Singapore, Hong Kong, and the Caribbean. Many international banks accept Marshall Islands companies due to the jurisdiction’s strong legal framework and global recognition. Offshore banking services are regulated by financial institutions in the respective banking jurisdictions.
What documents are required to open a bank account for a Marshall Islands offshore company?
Most banks require a Certificate of Incorporation, Articles of Incorporation, a resolution appointing authorized signatories, passport copies of directors and shareholders, proof of address, and a business plan or nature of business statement. Banks also require compliance documents such as Know Your Customer (KYC) and anti-money laundering (AML) records, as per international financial regulations.
Can a Marshall Islands IBC open a bank account remotely?
Yes, many offshore banks allow Marshall Islands IBCs to open accounts remotely without requiring a physical visit. The process varies by bank but typically includes submitting notarized or apostilled documents, video verification, or an introduction from a corporate service provider. Some banks may also require a reference letter from an existing financial institution.
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