Marshall Island Incorporation Faqs

By Author: Chevy Watkins
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Among other international offshore financial hub that offer tax benefits and asset protection, Marshall Islands provides one of the best commercial and corporate services to its non-resident companies. It offers a myriad of advantages most especially in the protection of assets. In light of this, the following are some basic information about general incorporation and incorporation in the Marshall Islands.
What is a corporation or an offshore company?

A corporation or an offshore company is a separate entity with limited liability as constituted by law. It enjoys various benefits such as having similar rights as a natural person in sale of shares, own assets, the right to get involved in a lawsuit and much more. Basically, it's a company which is incorporated outside the jurisdiction of its primary operations.

What are Articles of Incorporation or Memorandum of Association?

The Articles of Incorporation is similar to the "Memorandum of Association" in other jurisdictions. It generates the corporation and includes basic clauses such as:

* Company's name
* Share structure
* Objectives ...
... of the corporation

What are the Articles of Association and by-laws?

The Articles of Association are requirements for the establishment of a company under the law. By-laws are synonymous to the "Articles of Association" in some matters; these are rules of the corporation or the company among itself, the shareholders and the officers. Usually, they are adopted by the Board of Directors initially and the Board may adopt and amend it.

The by-laws of a Non-Resident Domestic Corporation of the Republic of Marshall Islands are usually more compliant and are internally kept up by the company, but if requested can also be filed publicly. For the Articles of Association as that in BVI or Hong Kong companies, they are filed at the same time with the Memorandum of Association and any amendments to the Memorandum and Articles of Associations are required to be filed with the Registrar.

What is the standard share structure of the jurisdiction?

Marshall Islands. Standard formation of which is 500 registered and/or bearer shares of no par value or up to US$50,000 worth of par value stock. The authorized share capital of above US$50,000 will incur a capitalization tax.

What is a bearer share?

The name of the owner and owner's name is not recorded in a share register. The owner is the person who has a physical possession of the share certificate. But corporation or company holding bearer shares may be barred from opening bank accounts in Hong Kong.

What is the minimum number of director and shareholder in a company?

There is a required minimum of one director and one shareholder in a company. They could be the same person.

What documents are required for incorporation?

Documents include passport copy of each director/shareholder, respective residential address proof and respective reference letter.

When should the fees be paid and by what method?

A full amount should be paid prior to the commencement of the process of incorporation. At the moment, overseas client is required to wire transfer to our bank account. For the mean time, credit card payment is not acceptable.

The above-mentioned facts of incorporating in Marshall Islands will prove to be valuable in your quest. No matter how complicated the incorporation would be, in the end, the result would be worth it since Marshall Island is the place to be.

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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