Marshall Islands Incorporation

1. Introduction to Marshall Islands

Marshall Islands is part of the Micronesian islands situated in the Pacific Ocean. Marshall Islands International Business Company (IBC) is a tax-free corporation designed for engagement into all forms of international business, with no reporting and minimum record-keeping requirements, and comprehensive confidentiality features.

2. Advantages of Marshall Islands Incorporation

a. The names of beneficial shareholders of Marshall Islands Company are not required to be disclosed to the authorities.

b. If properly structured, setting up an offshore company in Marshall Islands is a legitimate way to book internatinal profits without paying tax. The Marshall Islands is an ideal juristiction to establish a holding or Marshall Islands Investment Company;

c. Under the Marshall Islands business incorporations act, a minimum of one shareholder and one director is required for Marshall Islands business setup. They need not be resident in the Marshall Islands, and can be of any nationality.

d. There is no public Marshall Islands registered company disclosing shareholders' and directors' details;

e. There are no minimum captial requirements for Marshall Islands company formation;

f. Following Marshall islands company incorporation, it is not necessary to submit annual financial statments and tax returns to the government.

g. Comapny registration in Marshall Islands requires one shareholder, a minimum of only one director and on company secretary, who can be a natuaral person or a body corporate.

3. Documents required for Marshall Islands Incorporation

a. Photocopy of passport or NRIC of directors/shareholders/the ultimate beneficiary

b. Proof of residential address of directors/shareholders/the ultimate beneficiaries

c. Registration Certificate and Constitution of Company

d. Statutory Book of Directors and Shareholders

4. Marshall Islands incorporation procedures and timeline

(7working days upon receiving documents, 48 hours for express service)

a. Marshall Islands company name search (2 working days, only available for English names, Chinese names are required to submit for approval)

b. Sign service agreement →Proceed to Payment

d. Incorporation documents submission → Signing→Document submission

5. Certification upon successful incorporation

1. Certificate of Incorporation

2. Memorandum & Articles of Association

3. Subscriber’s Appointment First Director

4. First Board Minutes / Consent To Act As Director

5. Registered Share Certificate

6. Register Of Members / Register Of Directors

7. Certificate Of Incumbency

8. Share Transfer And Resolution / Company Seal

6. Annual Return of Marshall Islands Company

Every exempted company is required to file an annual return and annual Company Registry fees with the Registrar in January of each year. This will be dealt with by the registered office provider. The annual return contains a declaration setting out:

a. details of changes, if any, to the company's memorandum of association since the last return;

b. that the operations of the company since the last annual return have been mainly outside the Cayman Islands;

c. that in compliance with the Companies Law, the company is not trading within the BVI except in furtherance of its offshore business; and

d. that any bearer shares issued are kept by a licensed custodian.