Company registration

The Republic of Marshall Islands (RMI) is an island country located approximately midway between Hawaii and Australia in North Pacific Ocean. The state has modern and stable business environment with flexible jurisdiction and is politically stable. The currency is US dollar and preferred language of corporate documents and legislation is English.

The Business Corporation Act (BCA) that is part of Associations of the Republic of the Marshall is governing law for RMI corporations. Most popular offshore company type in RMI is International Business Company (IBC) that is also referred to as Non-Resident Domestic Corporation (NRDC). For such companies there are no requirements for audited accounts or annual returns to be provided to the governing authority. Moreover, the government of RMI has not signed double taxation treaties and does not cooperate with OECD on any tax information exchange agreements.

NRDC of The Marshall Islands is attractive in terms of privacy for shareholders and directors since their personal information is not registered in public records. Moreover, in this island country NRDC is not subject to taxes and are not subject to local tax system and their employees, directors and/or shareholders are not subject to personal income tax.