The RMI Corporate Registry is recognized as one of the leading jurisdictions for initial public offerings (POI) on major stock exchanges. These publicly traded companies show the success that is possible in an offshore jurisdiction and help to enhance the excellent reputation of the RMI Maritime and Corporate Registries. Law firms, company formation specialists, and business professionals in major financial centers around the world recognize the RMI for its modern and flexible legislation, ease of formation, and high level of customer service. The jurisdiction of the Republic of the Marshall Islands (RMI) is considered to be one of the most advantageous offshore jurisdictions for company formation.
Key Corporate Features & Requirements
General
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Types of companies: IBC - Corporations, Partnerships, Limited Partnerships, Limited Liability Companies (LLCs). Last three being shareless companies
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Type of law: Common
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Shelf companies available: Yes for corporations
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Time to establish a new company: 2-3 days
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Double taxation treaty access: No.
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Minimum Government Fees (excluding taxation): Nil
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Corporate Taxation: Nil
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Standard Currency: USD
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Permitted Currencies: Any
Directors or Managers
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Minimum number: One for corporations & Local Registered Agent provided at incorporation.
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Publicly accessible records: No
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Location of meetings: Anywhere
Members
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Minimum number: One shareholder is required for Corporations. One member is required for LLCs. Two partners for Partnerships and Limited Partnerships.
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Publicly accessible records: No
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Location of meetings: Anywhere. Telephone meetings also possible
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Company Secretary: One required for Corporations
Accounts
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Audit requirements: No
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Local auditor: No
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Requirement to file accounts: No
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Publicly accessible records: No
Other
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Requirement to file annual return: No, but records should be maintained
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Migration of domicile permitted: Yes
Are you interested in setting up a company in Marshall Islands? Then contact us by filling in the form below.