The latest edition of Marshall Incorporated 2023
Marshall Islands (Marshall) is located between Indonesia and Hawaii, the easternmost of the Western Pacific Islands, with an area of about 181 square kilometers, scattered islands, wide sea, pleasant scenery on the island, and a wide variety of fish species, which is one of the richest fish resources in the world.
Advantages of Incorporating a Marshallese Company
Convenient business operation, reasonable tax system; based on common law, close to the pulse of the market, popular with foreign businessmen; no need to declare the beneficiaries, no need to declare the annual profits and financial status; the government to provide privacy protection for enterprises, directors, shareholders, relative confidentiality of information; offshore business profits are not subject to profits tax; offshore Marshallese companies can be listed on the U.S. stock market.
Requirements for application for registration
1、Requirements for application：
There is no minimum number of directors required for a Marshall Islands company, and a company can be incorporated with one person, and the directors can also be shareholders and statutory secretaries, as well as directors and shareholders of the company, such as corporate bodies. When registering, it is sufficient to provide a copy of the applicant's identification document to the Registry.
2、Name Selection：
Company name can be added with standard company endings (e.g. Co./Ltd / Corp / Inc./, etc.) to have a truly valid Chinese name, officially filed in Chinese and not duplicated. Additional Chinese names are free of charge.
3、registered capital：
①Minimum registered capital is US$50,000, with a small one-time tax increase if capital is increased; or ② Standard number of shares is 500 (no fixed registered capital) registered/bearer shares with no par value. (No actual capital injection is required for either form)
4、Tax exemptions：
Marshallese corporations formed by non-indigenous residents are legally exempt from all taxes, i.e., they are not required to pay any tax on any of their income or assets, are not required to file annual returns or audited accounts, and are subject to direct annual inspections.
5、processing time：
5-7 working days for new company registration。
6、Completion of major documents：
①Certificate of Incorporation；
②One copy of the by-laws of incorporation and two copies of the verification of duplicates
③Corporate Bylaws；
④Register of shareholders, directors and secretaries; minutes of company meetings and other documents；
⑤Director's Consent to Serve；
⑥Ten company stock certificates；
⑦Company signature stamp and steel seal；
⑧Certificate ofIncumbency Certificate of Registered Agent (by choice)；
7、Permitted share classes：
Registered/bearer shares, preference shares, redeemable shares and shares with or without voting rights。
8、Offshore account opening assistance：
Free production of signed documents for directors to open accounts, statements of appointment and dismissal。
Information required for registration
1、Marshallese company name: Chinese name can be added, the name can be "Limited" ending, such as: LIMITED, CORPORATION, such as: LTD, CORP or INC, etc., the company name can not be INCORPORATED or their abbreviations appear as "Trust Company", "Certificate" or "Bank" or other words considered similar in meaning. ", "certified" or "bank" or other words considered to have similar meanings.
2、Marshallese Company Registered Capital: The standard capital for Marshallese company registration is $50,000 without capitalization.
3、Marshallese company director(s): one or more directors, who may be a legal entity or a natural person of any nationality, providing a photocopy of ID card or passport
4、Secretary of the Board of Directors of the Marshallese Corporation: The appointment of a secretary, although not mandatory, is recommended by the Marshallese government.
5、Meeting of Directors of Marshallese Corporations Directors may hold meetings in either State or participate in such meetings through proxies
6、Shareholding ratio of horse shareholders, contact address and telephone number of shareholders and directors
7、Marshallese Company Registered Address: Must be in the Marshall Islands
8、Marshallese Company Seal: A Marshall Islands company must have its own seal, the form of which must be filed with the Registrar of Companies.
9、Marshallese Corporate Taxation: Exemption from taxation for any business and commercial activities conducted outside the Marshall Islands
processing process
1、Provide 2-3 company names and submit their registration forms to the government (completed within one hour);
2、Provide proof of identity of the shareholders (e.g., ID card or passport). If the shareholders are a corporate body, provide a certificate of incorporation (business license) and decide on the distribution of shares in the company;
3、Commencement of registration application and preparation of company documents;
4、Process a full set of documents for a new company and receive a full set of company registration documents;
Post-registration documents
1、Article of Incorporation；
2、Certificate of Incorporation；
3、Consent of Incorporator ；
4、Shares；
5、Bylaw；
6、Register of Directors,Secretaries& Members；
7、articles of incorporation
8、Certificate of Incumbency
tax revenue
1、business tax：5%
2、value-added tax (VAT)：3%
