Company Incorporation in the Marshall Islands

A non-resident domestic corporation is not obligated to publicly disclose information about company members. However, personal details of directors, shareholders, and beneficial owners must be maintained, regularly updated, and made available upon request for inspection by the registered agent, the Registrar of Corporations, or government authorities.If you want further safety, you can opt for a nominee director and nominee shareholder from Vepapu, where your details will not be shown to the registrar, anywhere, but you will still be the ultimate beneficiary for your company.

Non-resident entities, including non-resident domestic corporations, foreign corporations, partnerships, and limited liability companies that do not conduct business within the Republic of the Marshall Islands, benefit from a comprehensive range of tax exemptions. These exemptions encompass corporate profit tax, income tax, withholding tax, estate tax, stamp duty, and other taxes. These entities are not liable for taxation on their corporate profits, income, or transactions, and they are also exempt from taxes related to estate transfers and document-related transactions.

Vepapu simplifies the journey of forming and managing your offshore company in the Marshall Islands. Our all-inclusive platform and expert services cover every step. We offer registered agent services, local business addresses, nominee director and shareholder options, and even accounting plans. With Vepapu, you'll navigate compliance seamlessly and manage your company effortlessly through our user-friendly online dashboard. Change company details, alter share capital, and more with ease. Your offshore success story starts with Vepapu, and we will ensure your journey is smooth and hassle-free.

Typically, registering a Marshall Islands company involves four key steps:1. Choose a business name and register it with the Marshal Islands Companies Registry;2. Appoint a registered agent and a local business address;3. Submit the necessary documents and obtain your incorporation certificate;4. Maintain your incorporated company by filing annual filings.

An international business company in the Marshall Islands can be incorporated in the form of non-resident domestic corporation (company limited by shares) regulated under Business Corporations Act.

Companies are not required to provide financial documents when filing annual returns; hence, there is no need to do accounting and/or bookkeeping. Companies are not required to provide financial documents when filing annual returns.If you want to have an accurate financial picture of your company, you can opt for an accounting and bookkeeping plan from Vepapu. This makes your journey very simple, transparent, and data-driven.

A non-resident corporation is exempt from the obligation to file annual returns, tax returns, and financial reports.

All incorporated companies must adhere to the following maintenance requirements:1. Maintain a minimum of one director/shareholder;2. Retain a local registered agent and address within the Marshall Islands;3. Maintain comprehensive bookkeeping records alongside supporting documents.

No, a Marshall Islands company isn't required to hold an annual general meeting (AGM) as per the Companies Law. But if the company's Articles of Association say it should or if most of the Board of Directors agree, then an AGM can happen. It's not a must, but it's possible if you want to have one.

The maintenance costs include the following:1. An annual registration renewal fee is US$ 450; and2. Registered agent and address fee.

No, it's not mandatory to appoint local directors or shareholders when establishing your offshore company in the Marshall Islands. While a company must have at least one director, you can serve as the director regardless of your nationality, place of origin, or residence.Optionally, you can use Vepapu's Nominee Director and/or Nominee Shareholder services to hide your identity in your company formation documents as well.

Foreign individuals are welcome to establish companies in the Marshall Islands, and the government actively encourages 100% foreign ownership. The setup process is straightforward for foreigners, featuring minimal requirements. Notably, there are no residency prerequisites for directors and shareholders.

Yes, bearer shares are legally allowed when incorporating a company in the Marshall Islands. However, it's important to note that details regarding beneficial owners must be accurately recorded and maintained by the registered agent to ensure transparency and compliance with regulations.

A local address in the Marshall Islands is an initial requirement for registering a Marshall Islands offshore company. This address is used solely for documentation purposes and does not serve as a mailing address.

At least one director/shareholder is required for the company, providing flexibility in choosing individuals or entities to fulfill these roles. The appointed director can belong to any nationality and does not need to be a resident of the Marshall Islands. Moreover, non-resident corporations also have the option to designate a corporate director for added convenience and versatility.

After all required documents and information have been submitted, the process of forming a Marshall Islands company typically takes approximately 5 working days. We're here to make sure your company's journey is as smooth and speedy as possible.

To establish a Marshall Islands company, you must meet the following prerequisites:1. Notarized / Certified True Copy of Passport;2. Notarized / Certified True Copy of Address Proof.Incorporating an international business company (IBC) in the Marshall Islands necessitates the inclusion of:1. At least one director and one shareholder, who can be the same individual;2. A registered address located within the Marshall Islands.

The government company registration fee is USD 650 in the Marshall Islands. Appointing a registered agent and having a local business address is mandatory in the Marshall Islands and costs around $1,000.While completing the company formation procedure with Vepapu, you can go through our transparent pricing before you commit anything. There will be no additional or hidden costs associated with forming your company in the Cayman Islands while working with Vepapu.

The initial step in registering an IBC in the Marshall Islands involves selecting an eligible name. The chosen name must not include words like bank, chartered, establishment, foundation, insurance, charity, partnership, or trust, nor should it resemble an existing name.Additionally, a Marshall Islands company name should conclude with one of these suffixes or abbreviations: Corporation (Corp.), Incorporation (Incorp.), Limited (Ltd.), Public Limited Company (PLC), Aktiengesellschaft (AG), Société Anonyme (SA), Sociedad Anónima (SA), Société Anonyme à Responsabilité Limitée (SARL), Berhad (Bhd), Proprietary (Pty), Naamloze Vennootschap (NV), or Besloten Vennootschap (BV).

There is no mandatory minimum registered capital for a Marshall Islands IBC. The typical authorized capital is 500 shares without a specified value or up to a total value of US$50,000 for par value shares. Shares can be issued as either partially or fully paid. Likewise, Marshall Islands companies are not obliged to maintain a minimum authorized capital amount.

An IBC in the Marshall Islands is prohibited from engaging in any inland trading activities. Additionally, it is not allowed to conduct banking, trust services, insurance, assurance, reinsurance, or gaming businesses.

No, the forming a Marshall Islands offshore company can be completed via email within just 2-5 working days. This means you don't have to be physically present in the country for the incorporation process. All that's required is for you to provide us with the necessary documents and consent forms, and Vepapu will take care of the entire incorporation process on your behalf.