The Republic of Marshall Islands offshore companies, such as Non-Resident Domestic Corporations (or International Business Companies, "IBCs"), are essential to commercial life. It is important for thousands continuing to use IBCs to make sure that some things don’ t change. There are important elements to determine the usefulness of the NRDC / IBC and worthiness of its origin: Political stability in the selected jurisdiction; communications network; availability of professional and technical support; reputable track record of the jurisdiction; and compliance with international standards, especially the Republic of Marshall Islands is one of those jurisdictions.

1.        Flexibility

Jurisdiction at the Republic of Marshall Islands "RMI" offers the possibility to form offshore companies with either registered, bearer shares, or both. Most jurisdictions have abolished this possibility and others, might as well have. In addition, a NRDC in the Republic of Marshall Islands is normally filed with the Articles of Incorporation (like Memorandum of Articles in the English system company), but the by-laws (i.e. the Articles of Association in the English system company) are not normally filed (unless stated otherwise), which give clients the flexibility to amend it without undergoing the filing procedures of the amended by-laws.

2.       Quality of providers

When introducing a jurisdiction, one of the major concerns is the availability of sound professional resources. Many jurisdictions cannot offer basic services such as professional audits etc.. Knowledgeable IFS providers with FCCA staff, like us, know best when a company should keep bearer shares and when it is most appropriate to register them, or to use nominee shareholder or corporate director. Our professional staff ensures proper procedure is followed.

3.        Familiarity

The corporate law of the Republic of Marshall Islands is based on the corporate law of the state of Delaware and is therefore familiar to persons accustomed to US corporations.

4.       Speed

In general, a NRDC is incorporated in 3 to 4 working days, but the whole set of documents will be ready in about 7 working days. If apostilled documents are required, client may engage the service at the same time of incorporation, it is also ready by 3 to 4 working days.
In short, a Marshall Islands Company provides the following benefits:

(1)	Limited liability for corporate directors;
(2)	Minimization of tax liabilities;
(3)	No statutory filing obligations;
(4)	A politically stable jurisdiction;
(5)	Access to open corporate bank accounts in Hong Kong and Singapore;
(6)	No required disclosure of shareholders or directors for confidentiality of beneficial owners;
(7)	Low share capital requirements;
(8)	The ability to hold directors/shareholders meetings anywhere in the world;
(9)	The absence of requirements for audit.

5.       Characteristics

(1)	Confidentiality surpassing that available in most jurisdictions;
(2)	No disclosure of beneficial owners;
(3)	All non-resident Marshall Islands entities are statutorily exempt from corporate taxes;
(4)	Company name registered with Chinese allowed;
(5)	Minimum number of director being ONE;
(6)	Minimum number of shareholder being ONE;
(7)	Simple maintenance: No annual filing;
(8)	No requirement of annual audit;
(9)	Bearer shares allowed;
(10)	Flexibility to file by-laws;
(11)	Familiarity with corporate law (with U.S. based).

See also:
Marshall Islands Company Registration Procedures and Fees

Memorandum of Articles

Certificate of Incorporation

Consent of Incorporator

Bylaws