Marshall Island Incorporation Process

By Author: Herbert Milkries
Total Articles: 1
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In the modern business world, The Republic of Marshall Islands (RPI) is one of the known countries due to its rising popularity. It is located in the central Pacific Ocean, just north of the equator. Marshall Islands is a part of Micronesian Islands which is made up of 5 islands and 29 atolls. By virtue of the Compact of Free Association (COFA) it enjoys free association with the United States of America.

For international companies which desire to expand their businesses overseas, Marshall Island is the ideal place due to its equipped latest and modern telecommunication system and computerization of its public and private sectors.

Marshall Islands is also known for many benefits companies can enjoy. One is for having zero tax jurisdictions and due to this non-resident corporations enjoy exemption from taxation on their income and assets. This is considered as a feature most advantageous to every business person in the world.

If you have a desire to start up a company in Marshall Island you have to be familiar with the country's incorporation process, although you does not have to worry about having to ...
... remember all the details. Marshall Islands Incorporation is not as hard as you think it is. It's relatively easy as long as you meet its minimum requirements.

The governing law for corporations in Marshall Islands is The Business Corporations Act of the Marshall Islands Revised Code of 2004.

Summary of the minimum requirements for Marshall Islands Incorporation are as follows:

Corporate Name. The company name must first be approved by the Registrar of Corporations before it can be legally used.

Authorized and Issued Share Capital. In shares without par value, the standard authorized share capital is 500 shares and a capital with a declared par value, the authorized share capital is up to US$50,000.

Types of Shares Permitted. The shares that a corporation may issue are registered shares, preference shares, and redeemable shares, shares with or without par value and shares with or without voting rights.

License Fees. Every company is required to pay a maintenance fee.

Financial Statement Requirements. Although financial statements are not required to be filed, it is advisable to keep financial records in order to secure easy assessment and identification of a company's financial status.

Directors. One minimum director is required and there is no limit for the number of additional directors. They may either be local or foreign or a combination of both.

Company Secretary. May either be a foreigner or a local.

Shareholders. Only one minimum shareholder is required. If you want to start a business with guaranteed financial returns, Marshall Islands is an ideal one. Once you met the minimum requirements listed above, every business person can now proceed to have his corporation registered. You don't have to worry in looking for firms because there are available independent firms that offer professional assistance to any business person interested in starting a business in the Marshall Islands.

Author Bio:
Rikvin has been assisting clients from all over the globe who wish to form a Marshall Islands Company. We assist both local and foreign entrepreneurs with Marshall Island Company Incorporation. Our success rate is phenomenal, and all most all of our enterprise clients have entrusted us, with the routine management tasks such as book keeping and secretarial services and we continue to impress them beyond our promise. Rikvin has successfully helped hundreds of entrepreneurs register a Marshall Islands company.

Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Rikvin's Services kindly email us at info@rikvin.com or give us a call at +65 64838887.