The Republic of the Marshall Islands (RMI) is a nation of about 60,000 people living on 29 coral atolls and 5 low-lying islands in the central Pacific, mid-way between Hawaii and Australia. The RMI adopted its Constitution in 1979 and signed the Compact of Free Association with the United States in 1986. The RMI became a member of the United Nations in 1991.
| General |
| Type of entity |
IBC |
| Type of law |
Associations Law of the Republic of the Marshall Islands 1990 Republic of The Marshall Islands Limited Liability Company Act 1996 |
| Minimum government fee |
US$100 |
| Corporate taxation |
Capitalisation tax is a one time fee assessed at the time of formation or at the time of Amendment to the Articles of Incorporation, if the authorised share capital is above 500 registered and/or bearer shares without par value or 50,000 USD worth of par value stock. |
| Double tax treaties |
None |
| Name requirements |
The company name must end in Limited (Ltd), Incorporated (Inc), Corporation (Corp), Society Anonyme (SA) and Sociedad Anonima (SA). |
| Name restrictions |
There are restrictions on the use of certain words or business descriptions, such as Royal, bank, insurance. |
| Share in capital or equivalent |
| Standard currency of share capital |
US$ |
| Permitted currencies of capital |
Any |
| Standard share structure |
500 registered and/or bearer shares of no par value stock or up to 50,000 USD worth of par value stock |
| Directors or Managers |
| Minumum number of directors/managers |
At least one Director |
| Local directors required |
No |
| Government register/pubic record of directors/managers |
No |
| Location of directors/managers meetings |
Anywhere |
| Members |
| Minimum number of shareholders/members |
One |
| Government register/public record of shareholders/members |
No |
| Location of members meetings |
Anywhere |
| Company Secretary |
| Company secretary required |
Yes |
| Company secretary, local or qualified |
No |