Marshall Island – Corporation
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15+ Years Of Experience
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50+ Team Members
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1000+ Happy Customer
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10,000+ Companies Formed (in UAE and worldwide)
Marshall Island - Corporation
SYNOPSIS
The Republic of Marshall Island is situated in the central North Pacific Ocean. It consists of 34 islands, the islands were sighted by Spain in the 1500’s, but remained essentially un-colonized until the late 1800’s. The country is a totally independent nation that became self-governing in 1979 and has been a full member of the UN since 1991.
The laws of Marshall Islands are modeled after the laws of the State of Delaware. The Associations Law of the Marshall Islands comprise the Business Corporations Act 1990, as amended; the Partnership Act 1990, as amended; the Limited Partnership Act; and the Limited Liability Company Act, 1996 as amended.
The most popular type of entity is the Corporation. The incorporation of a non-resident domestic corporation is governed by the Business Corporations Act, 1990, and it is defined as a corporation for profit not doing business in the Marshall Islands. These companies cannot trade within Marshall Islands, cannot provide banking, insurance and trust services.
Advantages
- 100% Ownership
- Low Maintenance Cost
- Fast & Easy Set up Process
Features of Marshall Islands Corporation
Must end with “Limited, Corporation, Incorporated”
- Minimum: 1
- Residency Requirements: None
- Corporate Shareholder: Permitted
- Standard authorized share capital is 500 shares without par value or a capital with a stated par value up to US$ 50,000
- Can be of any currency
- Minimum: 1
- Residency Requirements: None
- Corporate Director: Permitted
No public disclosure of information
There is no requirement to file financial statements, but records should be maintained to reflect a company’s financial status.
- The Marshall Islands statutorily exempts non-residents companies from taxes.
- non-resident companies and hence not entitled to tax residency certificate
- No double taxation treaties with any other nation
Yes, Company must appoint an approved local registered agent.
Foreign companies being manage and control in the UAE are subject to UAE Corporate Tax and required to register within 3 months from date of incorporation.
Registration will take approximately 2 -3 working days.
Renewal for Marshall Island’s Corporations fall every anniversary date of incorporation
Documents Required in Setting Up a Marshall Islands Corporation
KYC Documents for individual Director/Shareholder:
- Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
- Proof of address (in the form of utility bill, dated less than 3 months)
- Bank reference (dated less than 3 months with satisfactory record clearly mentioned and also the time period the client has been dealing with the bank: minimum of 2 yrs)
- Detailed CV
- Professional reference letter (can be issued by Lawyer or Certified Public Accountant)
- Dully filled FATCA Form
- Notarized US Declaration (if a US Person)
KYC for Corporate Director/Shareholder:
- Certificate of Incorporation
- Registered address and place of business
- Certificate of Current Standing if incorporated more than 1 year
- Register of Directors
- Register of Shareholders
- Memorandum & Articles of Association
Marshall Island Corporation Cost
The Marshall Island Corporation setup cost starts from USD 1,575/-
Global Business Services FZCO has helped many individuals and corporate entities to set up a Marshall Island Corporation. Our Company acts as a one stop solution for Marshall Island Corporation incorporation services.
If you are looking for Marshall Island Corporation set up, please get in touch with us for professional assistance.
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Understanding Clients’ Needs
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I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
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