The Marshall Islands have a more sophisticated infrastructure than most of the other nations in the region. In Marshall Islands there are two international airports and 12 deep-water docks for large ocean-going ships.The principal corporate legislation is the “Associations Law of the Republic of the Marshall Islands 1990”, which incorporates the Business Corporation Act (BCA) and the Partnership Act. Although the Marshall Islands BCA is based on the corporate laws of the United States, certain provisions have been borrowed from the British law.
Advantages for the foreign investors:
No required disclosure or filing of shareholders or directors for confidentiality of beneficial owners
Non-resident domestic companies are exempt from all forms of taxes in the Marshall Islands, meaning that all foreign-owned types of companies are exempt from taxes if they do not conduct any activity on the territory of the Marshall Islands
Financial statements, accounts or records must be kept for a Marshall Islands Company No requirement to file financial statements, accounts or records with the Marshall Islands authorities If accounts or records are prepared they may be held anywhere in the world
No statutory filing obligations
Sole directors are allowed and there is no statutory maximum although the articles may impose a limit. Corporate directors are permitted and there are no nationality and residence requirements.
Limited liability for corporate directors
Sole shareholders are permitted. There is no maximum number of shareholders provided by the Act.
Low share capital requirements
The usual authorized capital stock consists of 500 shares with no par value or a capital stock with a stated par value of up to US$50,000
A politically stable democratically elected parliamentary system of government
The ability to hold directors/shareholders meetings anywhere in the world
The absence of requirements for audit and accounting records
Permit redomiciliation both into and out of the jurisdiction
Dual language filings
Is recognized as one of the leading jurisdiction for the initial public offerings on major stock exchanges
Formation of the company
Provision of registered office
Provision of director services
Provision of nominee shareholders (if requested and/or required)
Secretarial, Banking and Legal Support