Incorporate Your Company In Marshall Islands: The Advantages

By Author: Quintin Anderson
Total Articles: 1
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For some entrepreneurs, incorporating their company in the Marshall Islands has proven to be one of the wisest decisions that they have made. What is the Marshall Islands, where is it located, and why is it a smart choice to set up a company in the Marshall Islands? To answer these questions, we have to take a look at the features of the Marshall Islands that make it an excellent hub for commerce and industry.

LOCATION. The Marshall Islands, officially known as Republic of Marshall Islands, is a part of the Micronesian Islands located in the western Pacific Ocean just north of the equator and west of the International Date Line. It is made up of made up of 29 atolls and 5 islands.

ACCESSIBILITY. The Marshall Islands is accessible by plane through an international airport in Majuro, its capital city, and by ship through a port in the same capital city.

CULTURE. The total population in the Marshall Islands is about 62,000, 90% of which are native Marshallese, and the remaining percentage is a mix of international races. The English language is widely used as the educational system introduces ...
... the language in fourth grade. It attained independence in 1986 and since then enjoys free association with the United States of America by virtue of the Compact of Free Association (COFA). Its system of government is parliamentary-presidential.

TAXATION. The Marshall Islands is considered to be a tax haven for entrepreneurs. It is considered a tax-free jurisdiction where non-resident corporations enjoy exemption from taxation on their income and assets. Property taxes are not recognized in the islands.

INCORPORATION. The incorporation process in the Marshall Islands is relatively simple and the system is efficient. It takes only 24-48 hours to have your company registered and incorporated. An offshore business in the Marshall Islands is usually structured as an IBC (international business companies) where only a minimum of one director is required. This director can be a person or a company, a local resident or a foreigner and of any nationality. An IBC is also required to have a secretary, foreign or local, and a minimum of one partner. Annual general meeting is also required and it is not necessary that the meetings be held in the Marshall Islands. The IBC must also keep records of financial accounts but there is no requirement for annual audits.

CONFIDENTIALITY. Strict confidentiality is accorded to every person or entity who wishes to form a company in the Marshall Islands. The company documents do not bear the names of its directors or shareholders thus; their identities do not appear in public records.
Because of the foregoing advantages, the Marshall Islands is popular with the maritime industry and is also fast growing in popularity with other types of business endeavors.

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 Formation. 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.