Jurisdictions
Regions
Industry Sectors
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.
