Capital:
MajuroForm of government:
RepublicArea:
181 км2Population:
53 thousandCurrency:
USDBusiness in the Marshall Islands
Advantages
- Inexpensive jurisdiction with the status of a tax-exempt company;
- There are no taxes on profits, dividends or funds received through distribution outside the island;
- There is no requirement to submit an annual financial report;
- There is no requirement to provide annual or other reports from shareholders or directors for public review. So, for example, it is not required to provide information about the change of shareholders or managers of the company;
- Shares may be registered to bearer;
- The directors may be rotating or representatives of the directors may be appointed without notice to the island authorities;
- The company's records and its head office may be located outside the island.
Legislation
Business Corporations Act 1990
Annual reporting and audit
No financial or tax reporting required
Confidentiality
Information about shareholders and directors is not available