Fact File

Location

Asia Pacific - Oceania.

Time Zone

Greenwich Mean Time +12.

Population

73,376

Capital

Majuro

Airport(s)

One international

Language

English and Marshallese

Currency

US$

Political system

Republic

International dialing code

+692

Legal system

Common law

Centre's expertise

Corporate and maritime registries since 1990.

Personal income tax

N/A

Corporate income tax

Non-resident domestic entities statutorily exempt

Exchange restrictions

None

Tax information exchange agreements

15: Australia, Denmark, Faroe Islands, Finland, Greenland, Iceland, India, Ireland, The Netherlands, New Zealand, Norway, Republic of Korea, Sweden, United Kingdom, United States.

Permitted Currencies

All

Minimum authorised capital

None

Minimum share issue

One

Shelf companies

Yes

Timescale for new entities

May be completed in one working day.

Incorporation fees

US$650 (including first annual corporate maintenance fee).

Annual fees

US$450.

Minimum number

One

Residency requirements

None

Corporate directors

Yes

Meetings/frequency

Flexible

Disclosure

Required for bearer shareholders; otherwise only on demand.

Bearer shares

Yes.

Minimum number

One.

Public share registry

No.

Meetings/frequecy

Annual meeting

Annual return

No.

Audit requirements

None.

Registered office

Provided with incorporation.

Domicile issues

Simple redomiciliation into the RMI; redomiciliation out of the RMI permitted.

Company naming restrictions

No use of bank, insurance, trust, or other terms not in accordance with the Registrar’s regulations or policies. Names may be in any language, as long as Roman characters are used.