The wide geography of activity, together with rich practical experience, allows "Smart Startup UK" to open companies in the Marshall Islands as quickly and competently as in any other prestigious jurisdiction. The country signed the Hague Convention and created conditions for the free development of foreign companies. Among the main distinctive features of the islands is the exemption from notarization of documentation. This is one of the many advantages of this jurisdiction. If you wish to conduct business here, this can be organized in one of the following forms.
Main forms of legal and business presence
If you are considering establishing your business presence in this jurisdiction, it is possible to arrange the following legal forms:
Limited Liability Company – a local entity suitable for conducting business activities, with the liability of its founders (members) not exceeding the funds contributed to such an enterprise. Another advantage is that the minimum paid-in capital is allowed to be 1 USD. In this case, a minimum of 1 shareholder is required.
International Business Corporation (IBC) – an option suitable for doing business worldwide. The financial obligations of the members of an IBC do not exceed the funds contributed to such a corporation. A minimum of 1 director is required for an IBC. The minimum paid-in capital is allowed to be 1 USD in this case as well. But the basic amount of registered capital must be up to 50,000 US dollars. Each IBC enjoys a preferential tax regime.
Registration requirements and steps
If you are considering the option of establishing a company in the Marshall Islands, its practical implementation may include the following pre-registration steps:
Deciding on the main business priorities that you will implement through a future enterprise.
Choosing and checking a company name for a future legal entity.
Collecting data on future founders, beneficiaries and management of the enterprise (even if such are not disclosed, they must be stored by the company).
Arranging the registered address for a future enterprise.
Preparing regulatory documents and preparing registration forms.
Submitting a full package of necessary documents to the civil status officer.
Opening a corporate bank account for future enterprise.
Registration for tax and social security purposes.
Application and obtaining licenses and specific permits (required only for regulated activities).
The registration process in a particular case may vary slightly. Contact our professionals for more precise guidance on the issue of registration.
Legal and Regulatory Framework
If you have already decided to buy offshore in the Marshall Islands, you probably know that there are no requirements for the amount of paid-in capital and that its nomination can be in any currency. The director and at least one shareholder (this is the minimum composition of the company) can be citizens of any country. In addition, there is a nominee service here. Registration of a company in the Marshall Islands is usually carried out in the form of an IBC.
Legal registration of a company in the Marshall Islands requires complete confidentiality and tax exemption (provided that it carries out activities outside the country). The main legal act in the field of business activity is the Law on Associations of the Republic of the Marshall Islands. Overall, the local legal and regulatory framework can be considered very favorable with clear procedures for starting and maintaining a business.
Tax system in the Marshall Islands
When evaluating the possibility of establishing a company in the Marshall Islands, the following tax highlights should also be taken into account:
Corporate income tax rates (i) a tax of 80 USD is levied on the first 10,000 USD of income and (ii) a rate of 3% is applied to the rest of the income (for non-residents (i.e. offshore income) the income is exempt from CIT)
Personal income tax rates – 8-12%
Sales tax rates (instead of value added tax) – 2% or 4%
Withholding tax (for non-residents) – no applies
Capital gains tax (for non-residents) – does not apply
Advantages of the jurisdiction
The Marshall Islands attract with its cheap company registration and favorable business environment. Among the main advantages of registering a company in the Marshall Islands are the following:
Political and economic stability.
Clear and loyal legislation, which makes the Marshall Islands a white-listed jurisdiction.
Confidentiality. Personal data is recorded in the closed register. You can also use the services of nominee representatives.
Disclosure of information is punishable by law.
In the Marshall Islands there are no exchange controls, accounting and reporting obligations.
Cheap registration allows you to save money without withdrawing it from circulation. Business owners invest a minimum of amenities to open a company and pay for the services of nominee representatives.
There is an opportunity to issue bearer shares.
It is possible to register a company even remotely.
This is a recognized jurisdiction for launching IPO projects.
Many opportunities for asset protection.
How our experts can help
Let's say you are evaluating the establishment or purchase of a company in the Marshall Islands. In this case, the lawyers of "Smart Startup UK" are ready to put this option into practice by providing legal support for the following aspects of business registration in the Marshall Islands:
Request and collect all the data and documents for opening a business in the Marshall Islands;
Choose the name and in the interests of the client, all negotiations are conducted by us with local authorities and banks;
We arrange the legal address, accounts and employees, as well as all the necessary documents for applying for the future company;
We provide comprehensive legal support for the further functioning of the new legal entity in the Marshall Islands.
The portfolio of specialists of "Smart Startup UK" is formed by more than 8,000 cases in the field of registration and support of international business. Our lawyers will apply this experience to the goals of your project.
CREATE A COMPANY
Company name check and reservation
Company registration, including state fees
Obtaining an administrative identification number
Registering the company with state structures
Writing a company charter
A set of statutory documents of the company in electronic form
Bank contribution for the authorized capital of the company
Obtaining a foreign investment permit
Opening an account at: Bank of Marshall Islands, Pacific Regional Bank
Opening a personal bank account
Apostille and translated corporate documents
Obtaining a residence permit
Free consultation
Assistance with online trading and opening on an account at viva.com for online trading
Accounting services - 12 months
Accounting services
Annual renewal 1500 Euro (paid from the second year)
*Within 35 days
IMPORTANT! We can provide you with the initial share capital (if the amount is over 5000 Euro) for registering your company in the form of a loan from our company.
Please, if you are interested, make an inquiry to us.
What is the procedure!
1. You submit an application for company registration using the application form.
2. We check whether the company name for registration is available and eligible for registration.
3. Choose a bank that meets your company's needs from a list of Smart Startup UK partner banks.
4. We send you a proforma invoice for payment to our bank account + the amount for your company's initial capital.
5. You receive all the necessary company documents for reconciliation.
6. You receive details of your newly opened bank account.
7. Within the specified period (for the Marshall Islands it is 35 days) you receive all the services included in the package.
8. You can manage all the services included in the package through our platform, as our team works 24/7 and you can get help from us within up to 30 minutes. We have built an internal ticket system for our customers, through which we process each of your support requests.
All services such as management, accounting, bank account opening requests, licensing, tax return filing, tax payment and more are carried out through your account on our platform, making it easier to manage your business!
