Procedure of Company Registration - Marshall Islands | Interstatus - Group of Companies Procedure of Company Registration – Marshall Islands – Interstatus – Group of Companies

Company incorporation in The Marshall Islands: 

Director(s):

At least one natural or corporate person. There are no residency qualification requirements.

The same person may serve as director and shareholder.

We will provide local (nominee) directors in full compliance with local laws and they will manage the affairs of the company according to your instructions.

Shareholder:

Every company should have at least one shareholder. There are no residency qualification requirements. If the potential company owner wishes to achieve full anonymity we will be able to offer nominee shareholders.

Secretary:

The secretary is mandatory. It may be a physical person or a corporation. There are no residency qualification requirements.

If you need the services of a physical secretary, we are able to offer such services. Please request information on virtual office services from our representative.

Registered office:

Companies incorporated in The Marshall Islands must have a registered office by Law.

Share capital:

Share capital is $50,000 divided into the relevant number of shares with the par value of $1. The company is deemed operational as soon as at least one share has been issued. Bearer shares are allowed (subject to deposit with the registered agent).

Registration period:

10-14 days but delivery of the full set of original documents may take additional time. Shelf companies are available.

Accounting and auditing:

There are no requirements for The Marshal Islands companies to submit financial statements or prepare audited accounts.

Financial statements are not subject to any regulations; the company should maintain internal financial accounting to provide a view of the financial position of the company and such reports should be kept for at least 5 years at the address of the registered agent.

There is no requirement to submit information on the changes in the composition of shareholders and the board of the company. Minutes may be kept at any place as the shareholders think fit.

Information kept in the registries:

The Marshall Islands do not maintain a public company register. No information on beneficiaries, shareholders or directors is submitted to the register, which is kept secret and not accessible to the public.