AmPlus Business Services Limited |
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Background |
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Location |
The Marshall Islands are located in the middle of the Pacific Ocean, nearly midway between Indonesia and Hawaii. They are the easternmost island group in Micronesia. |
Official Language |
English |
Legal System |
US Common Law |
Currency | US dollars (USD) |
Exchange Control |
None |
Time Zone |
GMT +12 |
Key Corporate Features |
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General |
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Type of company: |
IBC |
Principal corporate legislation: |
Business Corporation Act 1990 |
Disclosure of beneficial owner: |
No |
Shell companies available: |
Yes View Now |
Corprate taxation: |
Nil |
Corporate Requirements | |
Minimium number of shareholders/members: |
1 |
Minimium number of directors/managers: |
1 |
Corporate director permitted: |
Yes |
Company secretary required: |
Yes |
Standard authorised capital: |
US$ 50,000 |
Local Requirements | |
Registered office/agent: |
Yes |
Company secretary: |
No |
Local directors: |
No |
Government register of directors: |
No |
Government register of shareholders: |
No |
Annual Requirements | |
Annual return: |
No |
Submit accounts: |
No |
Recurring Government Costs | |
Minimum annual tax/license fee: |
N/A |
Annual return filing fee: |
N/A |
Advantages of Marshalls Islands Companies |
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Totally exempt from Marshall Islands income tax if no business in Marshall Islands. |
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No disclosure of shareholders or directors to the public or the government. |
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Only one shareholder and director is required. |
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Do not require a resident secretary, local shareholders, or local directors. |
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Minimum issued and paid up share capital required is US$ 1. |
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No mandatory requirement for annual return / accounts filing. |
Restrictions on Marshalls Islands Companies |
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Prohibit from carrying on any business with persons residing in Marshall Islands. |
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Prohibit from carrying on business of or undertaking any activity that is associated with the banking or insurance industries. |
Marshalls Islands Companies Setup Requirement |
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Share Capital |
Minimum US$ 1 issued and allotted share capital. |
Director |
At least one, no nationality limitation, individual or corporate is also allowed. |
Shareholder |
At least one, no nationality limitation, individual or corporate is also allowed. |
Registered Agent /Address |
Require one local authorized registration agency. Registered office must be maintained in Marshall Islands |
Processing Time |
Tailor-made company, about 8 - 10 working days. Ready-made company, 2 - 3 working days |
Marshalls Islands Companies Setup Procedure |
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Tailor-made Company | |
Step 1 | |
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Suggest at least 3 company names for the proposed company. |
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We will conduct name search to ensure the proposed names have not yet been registered. |
Step 2 | |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy). |
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Confirm company structure and share allocation. |
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Fill in the related order form and provide identification documents together with the first 50% payment. |
Step 3 |
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We will prepare incorporation / registration documents and send to you by email for your signature. |
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You will need to sign incorporation / registration documents and send back to us together with the final payment. |
Step 4 |
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We will collect Certificate of Incorporation (CI) upon approval of registration and prepare company kit for the new company. |
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Upon completion, you will receive full set of incorporation / registration documents and company kit by courier. |
Ready-made Company | |
Step 1 | |
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Choose a preferred company name from the Ready Made Companies List. |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy). |
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Fill in the related order form and provide identification documents together with the first 50% payment. |
Step 2 | |
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We will prepare relevant incorporation / registration documents and send to you by email for your signature. |
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You will need to sign the incorporation /registration documents and pass them back to us together with the final payment. |
Step 3 |
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We will send copy of CI to you for confirmation and prepare the company kit. |
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You will receive full set of incorporation / registration documents and company kit by courier upon completion. |