Rikvin

The government of Marshall Islands designed its IBC for a tax-free corporation able to engage in all forms of international business. The IBC is not obliged to have any reporting. It also has a minimum record-keeping requirement. Its confidentiality feature is equally impressive as only the Memorandum & Article of Association is the only document available to public records.

To register an IBC in Marshall Islands, you need to engage a professional business registration provider. The documents can be executed by one authorized person without the requirement of notarization & consular approval. Although facsimile filing is permitted, it must be made certain that the signatures must be eligible & the printed name and title of the signatory should be clear too.

There must be one director, shareholder, and corporate secretary. The appointment of secretary is even optional. In Marshall Islands, it is allowed to have one individual or corporate entity holding all three positions. If it is individual, any nationality is allowed; and the director is not required to establish a local residence. All can reside anywhere.

The corporate headquarters, where the records are kept, can be located in any country. There is no foreign exchange control too. Included in its tax-free features are tax exemptions on capital gains, withholding, and income. The IBC is also not required to maintain annual accounts reporting. Nor is it obliged to have an auditor. There is also no minimum capital requirement. When it comes to shares, they can be issued for money or for other valuable considerations, in variety of forms & classifications, and may include voting or non-voting. However, they should be issued in registered form only & bearer shares are no longer allowed.

On the other hand, an IBC in Marshall Islands does not allow you to do business with the local residents. You cannot also own real property except to lease an office.

We offer a free name check service for Marshall Islands IBC as part of our business registration service. You can submit two proposed business names and we guarantee results within a few hours after we receive the request. Our registration services include assistance in opening an offshore corporate bank account. We also offer shelf companies.