Tax and Accounting Regulations

Below is an overview of the tax and accounting regulations in the Marshall Islands:

Tax System

Marshall Islands non-resident corporations, Partnerships, Limited partnerships and Limited Liability Companies are statutorily exempt from all forms of taxation in the Marshall Islands. There is zero taxation on all income, profits, dividends, royalties, compensation or other related sources of revenue.

Annual Reporting Requirements

With an international company in the Marshall Islands, there is no requirement to:

  • Prepare Accounts.
  • Prepare Audited Documents.
  • Employ Local Auditor.
  • File Annual Accounts.
  • File Annual Return.

Whilst there is no obligation to file audited financial statements with local authorities, a Marshall Islands international company is required to keep financial records to reflect its financial position.

Government Licence fee and Annual Maintenance Fees:

A government license fee must be paid by all Marshall Islands international companies in order to operate.  The annual cost of company maintenance would include Service Provider’s fees and governmental licence.

Recurring Annual Maintenance Fees are due on the anniversary of incorporation and include:

  • Provision of registered office and registered address.
  • Provision of resident agent and Company Secretary.
  • Payment of annual government fees.

Company Administration Guidelines

The Marshall Islands jurisdiction includes all the necessary characteristics of an offshore jurisdiction, such as bearer shares, facsimile filings, and execution of documents without notary affidavits. Each corporation may be organised in the U.S. style with a President, Secretary and Treasurer, or in the U.K. style with a Managing Director and Corporate Secretary. The Marshall Islands Association Law was recently republished in a new publication, which includes the Business Corporations Act, Partnership and Limited Partnership Act, Unincorporated Associations, and the Limited Liability Company Act.

Share Capital for Corporations

There is no specific minimum capital requirement for international corporations. The standard authorised share capital is 500 shares without par value or a capital with a stated par value up to USD $50,000. The authorised share capital may be expressed in any currency. The minimum issued share capital is either one share of no par value or one share of par value.

The following shares are permitted:

  • Bearer shares.
  • Preference shares.
  • Redeemable shares.
  • Shares with or without par value.
  • Shares with or without voting rights.

A minimum of one shareholder is required which may be an individual or a body corporate. The details of company Beneficial Owners and Shareholders are not part of the public records.


A Marshall Island corporation requires a minimum of one Director, who can be a physical person or a body corporate. Details of Company Directors do not have to appear on public file and there is no requirement to have resident Directors. A Local Registered Agent is required and is provided upon incorporation at no additional cost.

Restrictions on name and activity

Marshall Islands corporations’ names must end in one of the following words, or their relevant abbreviations:

 Corporation, Incorporated, Limited, Public Limited Company, Aktiengesellschaft, Société Anonyme, Sociedad Anónima, Société Anonyme à Responsabilité Limitée, Berhad, Proprietary, Naamloze Vennootschap, Besloten Vennootshcap, Aktiengesellschaft.

Names may be in any language as long as Roman characters are used and any standard corporate suffix is acceptable.

The following words cannot be used in the name of a Marshall Islands corporation: bank, chartered, establishment, foundation, insurance, partnership or trust. Names denoting any connection to local, state or national governments are generally prohibited and the Registrar may require an English translation if a foreign language is used to ensure that the proposed name is not one that is restricted.

Local requirements

Every company, registered in the Marshall Islands is required to have a registered office and address, which should be notified to the Registrar. A Registered Agent is required to ensure that the corporation has an assigned representative at a known address to receive all service of process (legal notices) on its behalf.

A Marshall Islands Corporation must appoint a Company Secretary who may be a natural person or a body corporate. The Company Secretary can be of any nationality and need not be resident in the Marshall Islands.

The Directors and Shareholders meetings need not be held in Marshall Islands; and there is no requirement for an Annual General Meeting. All meetings may be held outside Marshall Islands, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.

The most popular company form used by international investors in the Marshall Islands is a Non-Resident Corporation.

Non-Resident Corporations have certain restrictions:

  • Cannot trade within the Marshall Islands.
  • Cannot undertake the business of banking, trust services, insurance, assurance or reinsurance and gaming.


As there is no Public Registrar of Companies, there is an extremely high level of privacy for a corporation in the Marshall Islands. Nominee Directors and Shareholders are also accepted to maintain this level of confidentiality. Shadow Directors are permitted within all Companies as Directors are not required to be registered.


The approximate timescale for incorporation is one business day upon submission of all the required documentation to the Registrar. Corporate documents also can be legalised via Apostle within one business day.

Take the next step, we are here to help.

Register a Marshall Islands company.
Open a Marshall Islands bank account.


Important 2016 reporting deadlines for BVI Financial Institutions

Important 2016 reporting deadlines for BVI Financial Institutions

Officials from the British Virgin Islands have come together to clarify various filing deadlines as per the automatic exchange of information systems in a press release.

Thinking of relocating your business to Singapore? Let us help you!

Thinking of relocating your business to Singapore? Let us help you!

Singapore has quickly become one of the world's most prosperous countries with strong international trading links and per capita GDP equal to that of the leading nations in Western Europe, making it an ideal destination and potential location for Business Owners to relocate and start a new business and lifestyle.

How to register a branch in Cyprus

How to register a branch in Cyprus

Overseas companies may register a branch in Cyprus, according to the Companies Law, Chapter 113, regulated by section 347. A branch will not essentially consider as being a new legal entity in Cyprus.

How to incorporate a company in Cyprus with the required documentation

How to incorporate a company in Cyprus with the required documentation

Cyprus is the perfect location for incorporating an offshore or private company due to its simple incorporation procedures and agreeable tax structure. Below are the steps to company formation, the registration procedure, and all documentation required for incorporation:

To Brexit or not to Brexit?

To Brexit or not to Brexit?

To Brexit or not to Brexit - this has been the question of the year for Britain and with the referendum taking place imminently, just two options remain: leave the EU or stay in. Why has this been such a difficult decision to decide upon?

Selecting a Management Information System

Selecting a Management Information System

A management information system or MIS is used to assist in the analyses and formulation of business strategy, as well as facilitating operational objectives. Selection of an MIS can help increase understanding and control in an organisation and can be scaled to suit the complexity of most modern businesses. If the right MIS is selected and it is implemented correctly it can provide a competitive advantage for the organisations utilising it.

Windows 10 update: having issues with the installation?

Windows 10 update: having issues with the installation?

By now you have probably about Windows 10, the latest operating system developed by Microsoft.

Accounting support for a Cyprus company located in Russia

Accounting support for a Cyprus company located in Russia

When expanding your business overseas, not only do you have to comply with International Financial Reporting Standards (IFRS) and accounting standards, thought must also be given to the specific jurisdictions own rules and regulations.