* Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months
**Excludes US$1,100 refundable deposit.
Click on the logo above to review sample PDF invoice
When structured properly, Marshall Islands company registration is an ideal, tax-efficient way to conduct international business. The following information will assist you in determining whether Marshall Islands company incorporation is the optimum corporate structure to fulfill your international business objectives. Further information can also be found in this Marshall Islands Company Registration Guide.
Advantages of Marshall Islands Company Registration
1.
If properly structured, company formation in the Marshall Islands is a legitimate way to book international profits without paying tax. The Marshall Islands is an ideal jurisdiction to establish a holding or investment company.
2.
Under the Marshall Islands business corporations act, a minimum of one shareholder and one director is required for Marshall Islands company formation. They need not be resident in the Marshall Islands, and can be of any nationality.
3.
There is no public Marshall Islands company register disclosing shareholders’ and directors’ details.
4.
There are no minimum capital requirements for Marshall Islands company formation.
5.
Following Marshall islands company registration, it is not necessary to submit annual financial statements and tax returns to the government.
6.
It is simple to open global corporate bank accounts to support Marshall Islands company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
Disadvantages of Marshall Islands Company Registration
1.
The Marshall Islands may be perceived as an offshore tax-haven.
2.
The Marshall Islands ranks poorly as the 106th least easy place to do business, according to the 2012 Doing Business Survey by the World Bank.
To receive the best internet banking and customer service, Healy Consultants recommends using the services of international banks HSBC, Standard Chartered and Citibank for most corporate bank account solutions. Local banks can be used where appropriate for the Marshall Islands company.
2.
Healy Consultants Compliance Team can open an international corporate bank account within 3-4 weeks of Marshall Islands company registration, and the client does not need to travel to complete the account opening process. Following bank account approval, the preferred bank will directly and independently email our Clients the corporate bank account number.
3.
Marshall Islands-based banks will provide finance to locally-registered companies provided the following conditions are met i) good Business-plan ii) availability of security iii) experience of business owners iii) last 3 years audited financial statements iv) realistic feasibility study v) project strength and weaknesses analysis (SWOT).
4.
To support their new business in the Marshall Islands, Healy Consultants assists clients with trade finance tasks including i) bank guarantees ii) letters of credit iii) finance against trust receipt iv) document against payment and against acceptance.
5.
Healy Consultants assists in securing corporate finance in the form of a loan, overdraft or simply preferential credit terms are other corporate banking related aspects of doing business in the Marshall Islands.
6.
Banks based in the Marshall Islands provide the full range of corporate bank account facilities including multiple currencies, internet banking, telephone banking, checking accounts, savings accounts, debit and credit cards, fixed term deposits and wealth management services.
Government agencies play an important role in doing business in Marshall Islands, like all countries. All businesses deal with government agencies on a regular basis, and foreigners setting up a business in Marshall Islands should exercise restraint and be patient as much as possible as authorities will always have the final say in any matter.
2.
As not all local Marshall Islands companies are well-versed with international trade, we encourage our Clients to consistently use and sign contracts of service with suppliers and counterparties.
3.
Your joint venture partner or Marshall Islands shareholder must not merely be a nominee for the sake of meeting the rules of foreign company incorporation. You should choose a partner that actually brings a lot to the table, including knowledge which would help your company succeed in Marshall Islands.
4.
When you’re starting a new business it’s important to find out which of Marshall Islands registrations and licenses apply to your Firm. This can be complex area, as different branches of the government will handle registration and licensing for various aspects of your business.
Healy Consultants offers a range of business startup services to support company registration in the Marshall Islands including accounting and taxation, IT support and obtaining corporate finance.
2.
Government grants and other incentive programs are available from in the Marshall Islands. There are grants and other assistance available in many categories, including staff development, innovation and exporting. Healy Consultants assists our Clients locate the grants and assistance programs most relevant to your Marshall Islands company.
3.
Some clients require a virtual office in the Marshall Islands for invoicing purposes, and Healy Consultants offers a range of tailored packages.
4.
Entrepreneurs completing Marshall Islands company registration can benefit from Intellectual Property laws. Healy Consultants will assist our Clients with trademark and patent registration. Registering your brand, trademark and designs is particularly important in the Marshall Islands.
5.
Healy Consultants offers a comprehensive range of research services to support a Marshall Islands incorporation, including i) industrial or business analysis ii) economic and political overview iii) competitor analysis iv) customer analysis v) regulation analysis vi) market entry strategies vii) business partner matching.
The Marshall Islands consists of 1,156 individual islands but has a population of just 70,000.
2.
The Marshall Islands economy is predominantly based on Services, with some fishing and agriculture industry.
3.
The Marshall Islands has been a testing ground for US nuclear tests, during the 40’s and 50’s.
4.
A shark sanctuary of 2 million square km was declared by The Marshall Islands government in 2011.
5.
The US Dollar is the official currency for the Marshall Islands.
6.
For scuba divers the Marshall Islands is an excellent destination with clear blue water, more than 100 species of coral, hundreds of species of fish and numerous ship wrecks from World War II.
7.
Land is a focal point of Marshallese culture and customs.
Contact Us
For more information on Marshall Islands company formation, contact email@healyconsultants.com or telephone us at (+65) 6735 0120.
