Jurisdictions
Regions
Industry Sectors
Fact File
Fact File Supplied By
International Registries, Inc.
Location
Asia Pacific - Oceania.
Time Zone
Greenwich Mean Time +12.
Population
78,831.
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 corporate maintenance fee
$650 (includes $150 Economic Substance Regulations Reporting and Certificate of Economic Substance Regulations Reporting compliance fee).
Minimum number
One.
Residency requirements
None.
Corporate directors
Yes.
Meetings/frequency
Flexible.
Disclosure
Yes, for bearer shareholders; otherwise only on demand.
Bearer shares
Yes.
Minimum number
One.
Public share registry
No.
Meetings/frequecy
Annual meeting.
Annual return
No.
Corporate records
Maintain accounting records, minutes, and records of shareholders and beneficial owners.
Audit requirements
None.
Annual Economic Substance Report
Yes.
Registered office
Provided with incorporation.
Domicile issues
Simple redomiciliation into the Marshall Islands; redomiciliation out of the Marshall Islands 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.
