Marshall Islands Company Setup


Introduction

The Associations Law of the Republic of the Marshall Islands 1990, which incorporates the Business Corporation Act (BCA), governs a non-resident domestic corporation. The BCA contains provisions that provide for absolute confidentiality and anonymity. The BCA is modelled after the corporate laws of New York, Delaware and certain provisions of British law. For example, facsimile filings are permitted and a managing director and a corporate secretary is also permitted. The flexibility in the legislation allows a company incorporated in the Marshall Islands to operate with the ease. A non-resident domestic corporation is quickly and easily formed at a low cost and is simple to maintain and administer.


Incorporating requirements

Directors

Minimum of 1 directors required, of which 0 must be residents.
Corporate directors are permitted.
Director's meetings are not required
There is not a public director's register
Other notes: none

Secretaries

Minimum of 1 secretaries required, who need not be residents.
Corporate secretaries are permitted.
There is not any requirement for secretaries to hold a professional qualification
Other notes: none

Shareholders

Minimum of 1 shareholders required
Corporate shareholders are permitted.
There is not a public shares register
Bearer shares are permitted.
No par value shares are permitted.
Usually the Authorised share capital is 50000 shares of USD1 each.


Miscellaneous

Where some or all of the shareholders are nominees, the ultimate beneficial ownership of the shares does not have to be declared to the authorities.
A registered agent is required.
An annual return is required.

 

Incorporation FeePlease see Our Fees Schedule

The package fee includes government fees, local secretary fees, local agency fees, registered office fees and our service fees, and have the following after incorporation: a) certificate of incorporation b) Original formation documents and minutes c) Five copies of M & A


Incorporation Time: 1-2 Weeks