Marshall Islands
Incorporation package includes
- Incorporation of a Marshall Islands company
- 1 year Registered Office Address
- 1 year Company Secretary Services
- Preparation of necessary resolutions and documentation
- Ensuring your company remains in good standing
- Providing reminders and support for annual filings and renewals
Why form a company in Marshall Islands?
Tax Advantages
The Marshall Islands offers tax benefits, including no corporate income tax, capital gains tax, or withholding tax on dividends, interest, and royalties
Flexible Business Structure
The jurisdiction offers a flexible structure for both LLCs and IBCs (International Business Companies), making it ideal for various types of businesses.
Confidentiality & Privacy
The Marshall Islands offers strong privacy protection, with no public registry of shareholders or directors.
Easy Global Access
Located in the Pacific, the Marshall Islands is well-connected to global markets, providing an advantageous gateway for international business.
No Minimum Capital Requirement
No minimum capital is required for company formation, making it cost-effective to start a business.
Enjoy Marshall Islands' tax benefits
No Corporate or Income Tax
Offshore companies are exempt from local taxes on income.
No Reporting Requirements
Minimal filing or reporting obligations.
No Exchange Controls
Free flow of capital across borders.
Confidentiality
Strict privacy regulations protect shareholder information.
No Capital Gains Tax
Profits from asset sales are tax-free.
Delivery timeline
Overall, the incorporation process can be completed in 7 to 10 business days. We ensure that the process is smooth, efficient, and in compliance with local regulations. The typical timescale is:
Pre-Incorporation
Choose your company name, gather necessary documentation, and prepare for registration.
Company Registration
Submit the required documents to the Marshall Islands Registrar of Corporations for approval and incorporation.
Issuance of Certificate & Documents
Receive your Certificate of Incorporation and related documents after approval.
Post-Incorporation
Finalize any additional services such as registered office address, company secretary, or corporate banking arrangements.
Difference Between LLC & IBC Companies
Feature
Limited Liability Company
International Business Company
Purpose
Designed for businesses with active operations, including holding assets or conducting business.
Typically used for international businesses conducting activities outside the Marshall Islands.
Support
Offers limited liability protection for its members.
Provides privacy and ease of ownership transfer.
Restrictions
Can be used for businesses operating in the local jurisdiction as well as internationally.
No requirements for local operations, and shares can be issued to non-residents.
Speedy Incorp's
recommendcation
LLCs are often used for more active businesses, while IBCs are primarily for international trading or asset holding.
IBCs offer more flexibility for international operations and require less local involvement.
Limited Liability Company
Purpose
Designed for businesses with active operations, including holding assets or conducting business.
Support
Offers limited liability protection for its members.
Restrictions
Can be used for businesses operating in the local jurisdiction as well as internationally.
Speedy Incorp's recommendcation
LLCs are often used for more active businesses, while IBCs are primarily for international trading or asset holding.
International Business Company
Purpose
Typically used for international businesses conducting activities outside the Marshall Islands.
Support
Provides privacy and ease of ownership transfer.
Restrictions
No requirements for local operations, and shares can be issued to non-residents.
Speedy Incorp's recommendcation
IBCs offer more flexibility for international operations and require less local involvement.
Required documents
Once we receive the necessary documents, the incorporation process will proceed smoothly, and our team will assist you every step of the way. To incorporate a non-trading company in Labuan, the following documents are required:
Director Information
- Copy of passport or national ID of each director
- Proof of residential address (e.g., utility bill or bank statement)
Shareholder Information
- Copy of passport or national ID of each shareholder
- Proof of residential address for each shareholder
Company Name
Preferred company name (subject to availability)
Proof of Address
Address proof for the company’s registered office in Marshall Islands (can be provided by our service).
Business Purpose
A brief description of the business activities or objectives of the company.
Consent of Directors & Shareholders
Signed consent and declaration from each director and shareholder.
Addtional Information (if applicable)
Any additional documents that may be required for specific business activities (e.g., licenses for certain industries).
Frequently answered questions
Find answers to common questions about our services and the company formation process. We’re here to provide clarity and support for your business journey.
Why is the Marshall Islands a popular jurisdiction for offshore companies?
The Marshall Islands is popular for offshore companies because:
- It offers fast incorporation, often within 1-2 business days
- Companies enjoy full foreign ownership with no residency requirements for directors or shareholders
- There are no taxes on income, profits, or capital gains for non-resident entities
- The jurisdiction ensures confidentiality, with no public disclosure of ownership or directorship information
- It has a flexible legal structure and is recognized internationally for its corporate registry
What types of entities can be formed in the Marshall Islands?
The Marshall Islands allows for the incorporation of various entity types, including:
- International Business Company (IBC): Most popular for offshore businesses
- Limited Liability Company (LLC): Suitable for flexible ownership and management
- Partnerships: General and limited partnerships for joint ventures
- Maritime Companies: Ideal for ship registration and maritime activities
What are the requirements for registering a company in the Marshall Islands?
To register a Marshall Islands company, you need:
- At least one shareholder (individual or corporate)
- At least one director (individual or corporate)
- A registered agent in the Marshall Islands (mandatory)
- A company name that complies with the naming rules, such as avoiding restricted words like “bank” or “trust.”
Are there any ongoing compliance requirements for a Marshall Islands company?
Yes, the requirements are minimal and include:
- Payment of an annual renewal fee to maintain good standing
- Appointment of a registered agent to act on behalf of the company
- Keeping basic records of resolutions and ownership (but no mandatory filing of financial statements)
Failure to comply may result in penalties or the company being struck off the registry.
Can I open a bank account for my Marshall Islands company remotely?
Yes, you can open a bank account for a Marshall Islands company remotely. Many international and offshore banks offer this service, though:
- You will need to meet Know Your Customer (KYC) requirements, including submitting company documents and proof of beneficial ownership.
- Virtual and online banking solutions may also be available for easier access.
Our team at Speedy Incorp LLP can assist in facilitating introductions to banking partners who support remote account setup.
