Marshall Islands company registration


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When structured properly, company registration in Marshall Islands is an ideal, tax-efficient way to conduct international business. Further information can also be found in this Marshall Islands incorporation guide.

Compare different Marshall Islands entities Tax resident LLC Fast business setup solution Free zone LLC International business co. Trust Branch office
Also known as LLC Shelf company Exclusive economic zone co. IBC Trust fund Branch of a foreign company
Best use of company? All products/ svcs Own or operate a vessel Maritime activities Professional services Asset management Specific projects
How soon to invoice Clients? 3 weeks 2 weeks 3 weeks 3 weeks 4 weeks 4 weeks
How soon can you hire staff? 2 weeks 1 week 2 weeks 2 weeks 3 weeks 3 weeks
How soon can you sign a lease agreement? 1 week 1 week 1 week 1 week 1 week 1 week
How long to supply corporate bank a/c? 4 weeks 3 weeks 4 weeks 4 weeks 4 weeks 4 weeks
How long to supply co. reg / tax numbers? 2 weeks 1 week 2 weeks 2 weeks 3 weeks 3 weeks
Corporate tax rate on annual net profits? 0% 0% 0% 0% 0% 0%
Limited liability entity? Yes Yes Yes Yes Yes No
Government grants available? Yes Yes Yes Yes No Yes
Govt approval required for foreign owners? Yes Yes Yes Yes Yes Yes
Res. director/partner/ legal rep. required? No No No No No Yes
Min. paid up share capital? US$1 US$1 US$1 US$1 US$1 None
Can bid for Government contracts? Yes Yes Yes Yes No Yes
Corporate bank account location? Bank of Marshall Islands Bank of Guam Citibank National Australia Bank HSBC Bank of America
Can secure trade finance? Yes Yes Yes Yes No Yes
VAT payable on sales to local customers? 0% 0% 0% Cannot trade locally 0% 0%
Average total business set up costs? US$13,520 Request a proposal Request a proposal Request a proposal Request a proposal Request a proposal
Average total engagement period? 2 months 2 months 2 months 2 months 3 months 3 months

Marshall Islands company registration summary

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  • Advantages and disadvantages

    Advantages of Marshall Islands company registration

    Steps to register company in Marshall Islands

    1. If properly structured, setting up an offshore company in 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 Marshall Islands investment company;
    2. 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;
    3. There is no public Marshall Islands registered company disclosing shareholders’ and directors’ details;
    4. There are no minimum capital requirements for Marshall Islands company formation;
    5. Following Marshall islands company incorporation, 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 business setup. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services;
    7. Marshall Islands company incorporation can be completed in 7 days and our Client will not need to travel to complete the engagement;
    8. Company registration in Marshall Islands requires one shareholder, a minimum of only one director and one company secretary, who can be a natural person or a body corporate;
    9. Marshall Islands serves as an excellent jurisdiction for shipping companies that are willing to invest in an offshore location for their ship and yacht management. The country is one of the largest ship registers in the world that later enables these companies to i) plan on a successful IPO and ii) later list themselves on one of the reputable stock exchanges of the world.

    Disadvantages of Marshall Islands company registration

    1. The Marshall Islands may be perceived as an offshore tax-neutral jurisdiction;
    2. The Marshall Islands ranks poorly as the 153rd least easy place to do business, according to the 2020 Doing Business Survey by the World Bank;
    3. There is no regulatory regime in the Marshall Islands for financial services. Consequently, it is not possible to set up financial services companies in the Marshall Islands;
    4. Marshall Islands has imposed several restrictions on foreign investment for small-scale retail and services industries to protect and promote the interest of its economy. The Natural Reserved List outlies all the restricted areas of investment. Moreover, all major industries in Marshall Islands have state-owned enterprises which further makes it difficult for foreign entrepreneurs to successfully establish their businesses in this country.
    5. From 1 January 2020, the Marshall Islands Government will require all Marshall Islands LLC’s comply with new substance requirements. Failure to comply with the above exposes the shareholders and directors to i) a fine of up to US$10,000 and ii) dissolution of their Company. Refer to this page (click link) for more details;
  • Best uses for a Marshall Islands company

    Secretive offshore centre for holding assets

    1. Companies in the Marshall Islands are subject to less regulation and oversight than in many of the traditional offshore centres. Because it has not been under pressure from the OECD or similar organizations, it is a great jurisdiction for maintaining privacy of ownership without high ongoing company costs.

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Contact us

For additional information on our company registration services in Marshall Islands, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi