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Marshall Islands Offshore (IBC) Company Formation

Marshall Islands Non-Resident Domestic Corporation

Overview of a Marshall Islands International Business Company (IBC)

A Marshall Islands International Business Company (IBC), known as a Non-Resident Domestic Corporation, is the country’s premier and most popular offshore company formation vehicle.

Its high attractiveness is due to a number of unique advantages, giving Marshall Islands offshore companies an unprecedented array of business possibilities. For example, a Marshall Islands’ company may be taken public, raise capital, carry out third-party trading, act as an investment advisor and conduct business in any activity except banking, trust, insurance or gaming.

Marshall Islands Company Law

A Non-Resident Domestic Company is governed by the Business Corporations Act, which is under the Marshall Islands Associations Law of 1990, exempting all non-resident companies from having to pay any type of local taxes. The jurisdiction has a modernized corporate law that combines elements from both the US and the UK, making it a first class offshore financial centre.

The Marshal Islands has outstanding asset protection legislation and has long declined to collaborate with the OECD on any tax information exchange agreements. Non-Resident Companies are also not required to file audited accounts, annual returns, or submit any financial records, details of its owners or any shareholder of the company, all the details of which are kept confidential. Although the Marshall Islands jurisdiction is largely unknown, it remains one of the best offshore financial destinations in the Pacific.

For more information on the Advantages of the Marshall Islands as an Offshore Financial Center, click here.

Key Corporate Features of a Marshall Islands IBC

Marshall Islands Company Corporate Details
General  
Type of Entity IBC or Non-Resident Domestic Corporation
Type of Law Common Law
Governed by The Association Law 1990 includes: Business Corporation

Business Corporations Act
Limited Partnership Act
Limited Liability Company Act
Partnership Act
Registered Office in Marshall Islands
Yes
Shelf company availability Yes
Our time to establish a new company 1 -3 business days
Minimum government fees (excludes taxation) USD $450
Corporate Taxation No
Access to Double Taxation Treaties No
Share capital or equivalent  
Standard currency US Dollar
Permitted currencies Any
Minimum paid up USD $1
Usual authorized USD $50,000
Bearer shares allowed Yes
No par value shares allowed Yes
Directors  
Minimum number One
Local required No
Publicly accessible records No
Location of meetings Anywhere
Corporate directorship allowed Yes
Shareholders  
Minimum number One
Publicly accessible records No
Corporate shareholder allowed Yes
Location of meetings Anywhere
Company Secretary  
Required Yes
Local or qualified No
Accounts  
Requirements to prepare Yes
Audit requirements No
Requirements to file accounts No
Publicly accessible accounts No
Recurring Government Costs  
Minimum Annual Tax / License Fee  N/A
Annual Return Filing Fee N/A
Other  
Requirement to file annual return No
Migration of domicile permitted Yes

Advantages & Top Uses of a Marshall Islands Corporation

Advantages

  • No taxes of any kind
  • Tropical destination
  • Only one Director is required
  • Single ownership is possible
  • Modern corporate legislation
  • Flexible corporate structure
  • No public register of company officers including Director Shareholder and Secretary
  • Nominee services are available.
  • Free re-domiciliation
  • Low fees
  • English is the official language
  • Name of company can be in any language that uses the Latin alphabet
  • Wide range of business possibilities
  • Confidentiality ensured for Directors and beneficial owners
  • No audited of account sis required
  • No requirements to file accounts or annual accounts to the Government
  • No tax information exchange agreements
  • Meetings are not required
  • No exchange controls
  • Stable economic and political jurisdiction
  • Highly reputable offshore market
  • Many different types of shares are allowed to be issued

Top Uses

  • Asset management and protection
  • Tax optimization
  • Real Property Holding
  • Holding securities and bank accounts
  • Trust and estate planning
  • International trade
  • Holding patents and trademarks
  • Holding vessels

Marshall Islands IBC Company Formation with Offshore-protection.com

Join thousands of satisfied clients who have experienced the Offshore-Protection advantage for more than 18 years. When you purchase any of our offshore company formation products, you'll get FREE support from our lawyers to help answer your overseas company day-to-day management questions.

Start the Marshall Islands Incorporation process with Offshore-Protection today. Order a Marshall Islands IBC with or without a bank account. Click on the LET'S GET STARTED button below. 

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