Marshall Islands

We assist global clients looking to do  business in Marshall Islands with the A to Z of business setup without the need for the client to travel to Marshall Islands . Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in Marshall Islands include i) the limited liability company (LLC/LTD) and ii) the branch office. See detailed comparison below:

Advantages and disadvantages of Marshall Islands business setup:

  • Zero Corporate Tax for Offshore Income: International Business Corporations (IBCs) in the Marshall Islands are exempt from corporate taxes on income derived from outside the country, making it an attractive jurisdiction for global businesses.
  • No Minimum Paid-Up Capital: There is no minimum capital requirement for Marshall Islands companies, allowing businesses to be formed with low or no initial investment, providing flexibility in capitalization.
  • No Residency Requirement for Directors and Shareholders: There are no requirements for directors, shareholders, or officers to be residents of the Marshall Islands, allowing for complete foreign ownership and control.
  • No Residency Requirement for Directors and Shareholders: There are no requirements for directors, shareholders, or officers to be residents of the Marshall Islands, allowing for complete foreign ownership and control.
  • Flexible Corporate Structure: Companies in the Marshall Islands can structure their share capital and board of directors flexibly, with the option to issue shares of different classes or without par value.
  • Asset Protection and Liability Limitation: The Marshall Islands offers strong legal protections for company assets and limits shareholder liability to the value of their shares, making it an appealing jurisdiction for asset protection and investment.
  • Limited Reporting Requirements: Companies incorporated in the Marshall Islands have minimal reporting obligations, with no requirement to file financial statements or undergo annual audits, reducing the administrative burden.
  • Global Recognition: The Marshall Islands is a well-established jurisdiction for international business, and its legal system, based on U.S. and English common law, is recognized globally, providing a stable legal framework.
  • Lack of Public Transparency: While privacy is a benefit, the lack of public disclosure for company ownership may raise concerns about transparency, which can sometimes lead to difficulties in establishing trust with international partners or clients.
  • Perception as a Tax Haven: The Marshall Islands is often seen as a tax haven due to its favorable tax laws, which can result in increased scrutiny from foreign governments, financial institutions, and regulatory bodies, potentially complicating international banking and business relations.
  • Limited Use for Local Business: Companies registered in the Marshall Islands, especially International Business Corporations (IBCs), are primarily designed for offshore operations. As a result, they may face restrictions or higher tax rates if they engage in local business activities within the Marshall Islands.
  • Sector Specific Restrictions: Restrictions in some lucrative sectors including aviation, insurance and telecommunications.
  • Reputational Risks: Due to international pressure on tax havens and offshore jurisdictions, companies incorporated in the Marshall Islands may face reputational risks or difficulties in securing banking services or dealing with jurisdictions that impose stricter regulations on offshore entities.
  • Limited Access to Double Taxation Treaties: The Marshall Islands has few double taxation agreements with other countries, meaning companies may not benefit from reduced tax rates on cross-border income, which could result in higher overall tax liabilities for some businesses.

Important links:

Company incorporation steps in Marshall Island:

  1. Name Reservation: Girimba Consulting reserves a unique company name through the Marshall Registry;
  2. Documents Preparation: Our Team prepares the incorporation documents and emails our Client for signatures, notarization and apostillation;
  3. Certificate of Incorporation: Our Team submits an application for company registration and obtain a certificate of incorporation;
  4. Personal Identification Number (PIN): If the director is a foreign national, our team shall facilitate and assist with application for a PIN with the Immigration Office;
  5. Company Tax Identification Number: Our Tax Agent also submits an application to the Division of Revenue and Taxation for the Company Tax Identification Number (TIN). However, this is not a requirement for International Business Corporations that conduct only offshore business;
  6. Other Registrations: Our dedicated team shall assist the Client obtain Statutory registrations like Social Security Scheme and sector specific business licenses and permits.
  7. Bank Account Opening: Girimba Consulting also assists our Client to open a local corporate bank account with a top tier bank in Marshall Island.

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

    Select Territory of Interest*:

    Enter Your Details*:

    Select required service*:

    requestquote

    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

    girimba-discount

    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.