Marshall Islands Company
About Marshall Islands
The Marshall Islands are located nearly midway between Indonesia and Hawaii. They are the easternmost island group in Micronesia and cover approximately 2 million square km's in the Central Pacific Ocean. It has a population of around 500,000 living mostly in Majuro.
General Information
- Official Language: Marshallese, English
- Legal System: Common Law
- Currency: United States Dollar (USD)
- Time Zone: GMT +12
Setup Requirement
Set up a Marshall Islands Company is fast and easy. There are no restrictions on nationality of Shareholders or Directors.
Company Name
- English name; or
- Both English and Chinese name
Shareholder(s) and Director(s)
- No nationality restriction;
- Minimum one shareholder and one director;
- Corporate shareholder and director is acceptable; and
- A copy of passport and residential address proof are required for company registration.
Company Secretary and Registered Address
- A registered address is required in Marshall Islands;
- A correspondence address is required; and
- Client should maintain an alternative address for operation; and
- Company secretary is required under Marshall Islands jurisdiction.
Capital Requirement
- Minimum paid up share capital required is USD 1; and
- Standard authorized capital is USD 50,000 divided into 50,000 shares.
Key Corporate Features
Below is an overview of key corporate features of Marshall Islands Company. ATRIX strongly recommends that applicable professional advice be taken prior to purchasing a company or establishing any corporate structure.
General Information
| British Based Legal System | Yes |
| Type of Company | IBC |
| Business Act / Ordinance | Common Law |
| Migration of Domicile Permitted | Yes |
Registration Requirements
| Authorised / Paid-up Share Capital | 50,000 shares (standard) |
| Minimum No. of Shareholder(s) | 1 |
| Minimum No. of Individual Director(s) | 1 |
| Corporate Directors Permitted | Yes |
| Local Registered Office/Address | Yes |
| Company Secretary Required | Yes |
Disclosure
| Public Disclosure of UBO | No |
| Government Filing - Shareholders | Optional |
| Government Filing - Directors | Yes |
Annual Requirements
| Annual Return / Declaration | No |
| Economic Substance reporting | Yes |
Days for Completion (Estimated)
| English Name | 7 |
| English and Chinese Name | 7 |
Marshall Islands Company Annual Renewal
Atrix will send reminder to clients and help to arrange the renewal matter.
Renew fee including:
- For standard authorised capital USD 50,000
- Annual Company Secretary Parking
- Annual HK Correspondence Address Parking
Penalty of Late Renewal
Atrix will send reminder to clients and help to arrange the renewal matter.
| Renewal Due Date | Atrix Reminder |
|---|---|
| Incorporation date of the company | 2-month before renewal |
Jurisdictions we offer:
