Marshall Islands Company Registration
Marshall Islands company registration is straightforward if you are familiar with the entire process. With Block3 Finance at the helm, you can focus your time and resources on other crucial business aspects while we ensure a seamless company registration experience. Our team of experts offers end-to-end assistance in navigating the Marshall Islands company formation process, ensuring your company is operational within the stipulated timeframe.
The Marshall Islands has become a highly attractive jurisdiction for offshore company formation. The country offers a politically and economically stable environment, a favorable and low tax regime, and unlimited business opportunities. A Marshall Islands company formation provides a flexible, tax-free structure with minimal restrictions on the type of business that the company can engage in.
Our service package includes
Marshall Islands company registration with the Marshall Islands Registrar of Companies
Company secretary and local registered address
Corporate bank account opening services
Financial and business license application
Annual accounting and tax services
Marshall Islands Company Registration Process
Block3 Finance will complete your Marshall Islands company registration within 1 week. After receiving the due diligence documents of the directors and shareholders, we will search for the availability of your preferred company name and proceed with registration. We will also prepare the required corporate documents for registration.
Throughout the registration process, you will not need to travel to the Marshall Islands. We provide minimal travel solutions for our international clients.
After the registration is complete, you will receive official documents, including the Certificate of Incorporation, Articles of Association, Memorandum of Association, and other evidentiary documents at your preferred location. Following this, we will apply for the relevant business licenses to ensure your business runs smoothly.
Within 4 weeks of registering your company in the Marshall Islands, we will open a corporate bank account with a reputable local or international bank. You can expect your Marshall Islands company to be fully operational within 5 weeks of engaging Block3 Finance.
What are the benefits of registering a company in the Marshall Islands?
Zero Taxes: Offshore companies registered in this jurisdiction do not pay profit tax, and dividends are also untaxed.
Nominee Services: We provide nominee shareholders and professional company directors. Corporate entities can act as company directors.
Bearer Shares: The Marshall Islands allows the issuance of bearer shares, though this may make it difficult to open bank accounts in other countries.
Ease of Company Formation: Only one shareholder and one director are needed to register a company.
High Speed of Registration: Company registration takes just 1 week from the time the Registrar receives completed application documents.
Confidentiality: There is no public register of shareholders, directors, or beneficiaries, ensuring a high level of confidentiality.
Can a foreigner start a business in the Marshall Islands?
Yes, foreigners can freely own and establish a business in the Marshall Islands. Non-resident domestic companies are highly flexible, tax-free, and can engage in nearly any legal business activity except gaming and financial services (such as banking, insurance, and trust). These companies can be incorporated by a single shareholder, and the director does not need to be a resident of the Marshall Islands. There are no minimum capital requirements, and shares can be issued in any form.
Non-resident domestic companies are exempt from all forms of local taxes and have no reporting requirements. No audited accounts or annual returns are required to be submitted to the government.
Types of Companies in the Marshall Islands
International Business Company (IBC): The IBC is the most common legal form for offshore companies in the Marshall Islands. This company type is exempt from all local taxes and is suitable for international business activities. The minimum requirements include one director and one shareholder.
Corporations: These entities are easy to establish and manage in the Marshall Islands. There is no minimum number of directors or shareholders required, and registration can be done online.
Re-domiciliation: A company can transfer its domicile to the Marshall Islands from another jurisdiction while keeping its original date of registration intact. Re-domiciliation is currently free of charge, and the first annual fee is billed one year after the re-domiciliation date.
Limited Liability Companies (LLC): LLCs in the Marshall Islands are flexible entities with the ability to operate according to the terms set in the LLC agreement. An LLC can be owned by a single person, and there is greater flexibility compared to corporations.
Limited Partnerships: A limited partnership requires at least one general partner (who is liable for the debts of the partnership) and one limited partner (who is not liable). This is a more complex structure than an LLC but is still commonly used in international business.
What are the regulatory requirements for registering a company in the Marshall Islands?
A minimum of one shareholder and one director is required.
The company must have a local secretary.
Shares can be issued without par value.
The company name must be unique and not similar to existing companies.
There is no property tax or tax on dividends, income, royalties, or compensation.
Offshore companies must maintain an office in the Marshall Islands.
Companies must comply with economic substance requirements, including holding board meetings on the islands.
Documents Required for Marshall Islands Company Registration
Certified copy of the passports of the directors and shareholders.
Proof of residence (passport with address or a utility bill).
For legal entities acting as directors, registration documents must be provided.
Articles of Incorporation, Certificate of Good Standing, and Memorandum of Association.
Challenges in Marshall Islands Company Registration
Document Preparation: It may require multiple certified documents, including passports and proof of residence.
Name Reservation: The company name must be unique and available for registration.
Licensing Requirements: Some business activities require specific licenses, such as financial services.
Economic Substance Requirements: Companies must demonstrate substantial activity in the Marshall Islands.
Banking: Opening a corporate bank account may require additional documentation and may require physical meetings.
How to Register a Company in the Marshall Islands
1. Choosing a Suitable Company Structure: Our consultants will assist you in selecting the most appropriate company structure based on your business goals. We will also advise on share capital requirements, regulations, and the best legal framework for your business.
2. Reservation of Company Name: We will help you search for the availability of your preferred company name and reserve it with the Marshall Islands Registrar of Companies.
3. Preparation of Documents: We will prepare all required documents, including the Articles of Incorporation, and assist with the notarization and registration process.
4. Submission of Documents for Registration: Once your documents are ready, we will submit them to the Marshall Islands Registrar of Companies for registration. Upon successful registration, you will receive your official documents.
5. Opening a Corporate Bank Account: We will assist you in opening a corporate bank account with a reputable bank, typically within 4 weeks.
6. Post-Incorporation Compliance: After registration, we will ensure compliance with local laws, including tax identification and economic substance requirements. We can also assist with ongoing accounting, tax filing, and other compliance services.
7. Ongoing Compliance and Support: After your company is successfully registered, Block3 Finance will continue to provide ongoing support to ensure your business stays compliant with local and international laws. This includes maintaining accurate financial records, filing annual returns, and assisting with any additional licenses or permits you may need as your business grows.
Why Choose Block3 Finance?
By partnering with Block3 Finance, you gain access to a full suite of services to streamline the company registration process in the Marshall Islands. From company formation to post-registration compliance, we provide seamless support every step of the way. Our goal is to help your business succeed and thrive in this tax-efficient, business-friendly jurisdiction.
Find Out More!
For more details or to start your Marshall Islands company registration process, contact Block3 Finance today. Our team will get back to you within 24 hours.
