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Other Jurisdictions Offshore Company Registration All Jurisdictions Summary of Features of Marshall Islands Company
KNOWLEDGE|
General Information |
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Company Law |
Business Corporations Act 1990 |
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Type of Company |
International Business Company (IBC) |
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Legislative Language |
English and Marshallese |
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Corporate Taxation |
No |
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Taxation of Foreign Profits |
Nil |
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Exchange Controls |
None |
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Shelf Companies Available |
Not available |
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Corporate Names |
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Language |
Any language using the Latin alphabet |
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Name Restrictions |
Names identical or similar, offensive words are not allowed |
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Name Endings Required |
Limited, Company, Incorporated, Corporation, or its abbreviations |
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Verify Name Availability |
One day for check |
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Reservation of Names Permitted |
No |
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Requirements of Capital and Shareholders |
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Minimum Number of Shareholders |
One |
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Local Shareholders Required |
No |
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Corporate Shareholders Permitted |
Yes |
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Disclosure of Shareholders information |
No |
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Minimum Paid-up Capital |
USD1 |
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Standard Authorized Capital |
USD50,000 |
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Bearer Shares Permitted |
Yes |
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No Par Value Shares Permitted |
Yes |
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Increase or Reduction of shares capital |
Yes |
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Requirements of Directors |
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Minimum Number of Directors |
One |
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Local Directors Required |
No |
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Corporate Directors Permitted |
Yes |
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Disclosure of Directors information |
No |
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Meetings |
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Annual General Meeting of Shareholders |
No |
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Location of Members Meeting |
Anywhere |
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Annual General Meeting of Directors |
No |
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Location of Directors Meeting |
Anywhere |
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Quorum required for purposes of meetings |
Depend on Memorandum and Articles of Association |
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Local Requirements |
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Local Registered Agent Required |
Yes |
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Local Registered Office Required |
Yes |
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Local Company Secretary Required |
No |
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Register of Member |
Shall be kept at the registered office |
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Register of Directors |
Shall be kept at the registered office |
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Register of Secretaries |
Shall be kept at the registered office |
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Company Seal |
Required |
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Annual Renewal |
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Filing Annual Returns |
No |
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Prepare Annual Audited Accounts |
No |
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Annual Renewal Fee Due Date |
One month before Anniversary date |
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Other Relevant Information |
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Re-domiciliation Permitted |
Yes |
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Reinstatement from Registry |
Yes |
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Company Liquation |
Compulsory or voluntary winding up and dissolution; and strike-off by non-payment |
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Disclaimer All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage. |
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