Marshall Island

Conditions for the company suitable
for international transactions:

Legal form

IBC

Duration of establishment

6 – 10 days

Register of executives

Not publicly accessible

Register of shareholders

Not publicly accessible

Registered capital

50,000 USD

Minimum number of shareholders

1

Minimum number of executives

1

Non-residents allowed as executives / legal person

Yes / Yes

Registered agent / seat required

Yes / Yes

Local company secretary required

No

Local General Assembly required

No (anywhere in the world)

Submission of financial statements

No accounting/reporting requirements. *

Submission of annual reports

No

Mandatory audit

No

Required tax return

No

Taxation of income

No

Possibility to use a Double Taxation Avoidance Agreement

No

* N.B. As per section 10 of the Financial laws miscellaneous amendments Act 2014 requires the company to keep such documents (receipts, invoices etc.) as to enable it for accounts to be prepared.