Marshall Islands - a group of islands situated in the Pacific Ocean, between Indonesia and Hawaii with population of 60, 000 and territory of 181 sq km.
Marshall Islands is an independent state since 1986.

Marshall Islands

Corporative legislation Business Corporation Act 1990 Form of tax-exempted company Non Resident Corporation, hereinafter - Company Authorized business activities All and any activities not prohibited by the law Providing of banking, insurance and re-insurance, trust services is subject to special license Prohibited activities Transactions with the residents of Marshall Islands, ownership of real estate on the territory of Marshall Islands Taxation Company is exempted from all and any taxes and duties Name of the company The name must not be identical or confusingly similar to the existing ones The name must be written in Latin alphabet. The name has to include the words Limited, Corporation, Incorporated or abbreviations Ltd., Corp., Inc. Words Bank, Chartered, Insurance, Trust or other words with similar meaning may not be used in the name of Company Who executes the foundation documents? Signatories, whose functions are limited only to signing of the foundation documents and nomination of the first director Equity capital of the company Equity capital of the company is established by declaration, no mandatory contribution is required and no minimum/maximum limits are set Shares Authorized emission of both registered and bearer shares with or without par value Shareholders - Minimum number - Nominal shareholders - Holders of trust equities One natural or legal entity or bearer's shares Permitted Permitted Does the law provide for non-disclosure of the information about actual owner of the company? The actual owner of company is not registered in Marshall Islands Directors - minimum number - nationality and citizenship - status One natural or legal entity No requirements All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law) Presence in territory of Marshall Islands of: - registered office - registered agent Not required Required Holding of the meeting of shareholders/directors Meetings may be hold in any part of the world, also by means of telephone communication Minutes may be kept at any place Mandatory - keeping of accounting records - annual account - presentation of auditor's conclusion No No No Information at disposal to the third party Name of the registration agent and registration office, statute, adjustments in statute, elimination Documents kept at the registered office No requirements Agreements on exemption from double taxation No Currency control No Term of incorporation 3 weeks Costs of registration of company Look for: Costs of registration and service Financial year ending on Look for: Annual support of companies Possibility to purchase a ready-made company Yes, look for: Ready made companies