Marshall Island
General Information
General Information
| Location | Situated nearly midway between Hawaii and the Philippines, and is the easternmost island group in Micronesia |
| Capital | Majuro |
| Population | Approximately 60,000 |
| Language | English (official), Marshallese |
| Legal System | US Common Law |
| Currency | US Dollar |
| Exchange Control | None |
| Economy | Agriculture and tourism are the mainstays of the economy. It has a stable business environment, due in part to the longstanding US involvement with the islands |
| Time Zone | GMT +12 |
| Principal Corporate Legislation |
Business Corporation Act 1990 |
Company Incorporation
- Incorporation fee for a company with share capital less than USD 50,000 of 50,000 shares is USD 888 included government fee, professional fee, registered agent fee, registered address. (For company with English name only)
- Required at least one secretary one director and one shareholder
- Due diligence of the secretary, beneficial owners, the director(s) and shareholder(s) are required
- Company incorporation can be completed in 1-2 working days.
- A scan copy of Certificate of incorporation is available in 1-2 working days
Features & Benefits
- Local registrar service; no concerns about time difference
- Chinese company names and Chinese M&As are allowed
- Simple registration and maintenance
- Director and shareholder information is not publicly filed
- No requirement for disclosure of beneficial owners to the government
- All non-resident domestic Marshall Islands entities are statutorily exempt from taxes
- Neutral domicile for parties of different citizenship
- Redomiciliation both into and out of the jurisdiction
