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HONGKONG COMPANY BVI COMPANY USA C USA LLC UK LLP UK UK PRIVATE LIMITED COMPANY DELAWARE CORPORATION NEVADA CORPORATION SINGAPORE COMPANY GERMANY COMPANY CAYMAN ISLANDS COOK ISLANDS BAHAMAS COMPANY PANAMA CORPORATION BERMUDA COMPANY SAMOA COMPANY SEYCHELLES COMPANY NIUE COMPANY MARSHALL ISLANDS MAURITIUS(GBC1) MAURITIUS(GBC2) NIVIS COMPANY BELIZE COMPANY ANGUILLA COMPANY ISLE OF MAN JERSEY COMPANY LIBERIA COMPANY TURKS AND CAICOS VANUATU COMPANY CYPRUS COMPANY GIBRALTAR COMPANY SPAIN COMPANY RUSSIA COMPANY SWITZERLAND SHELF LIST WHAT IS OFFSHORE? USES OF OFFSHORE COMPANIES VIRTUAL OFFICE SERVICES USEFUL LINKS     JURISDICTIONS & FEES Marshall Islands UTRUST Rating * General Type of Company Non-Resident Political Stability Good Standard Authorised Capital No Tax on Offshore Profits Nil Corporate Requirements Local Registered Office and Registered Agent Required Yes Minimum Number of Directors/Managers 1 Local Directors Required No Corporate Directors Permitted Yes Minimum Number of Shareholders/Members 1 Local Shareholders Required No Corporate Shareholders Permitted Yes Company Secretary Required Yes Bearer Shares Allowed Yes, but not available Annual Requirements Filing of Annual Return No Submit Audited Accounts No Min. Annual Tax / Licence Fees US$150 Shelf Companies Available No GENERAL INFORMATION INTRODUCTION The Marshall Islands are located midway between Indonesia and Hawaii and are the eastern-most island group in Micronesia. The Marshall Islands cover approximately 2 million sq. km in the Central Pacific Ocean, with two 1,280 km long parallel chains of atolls and volcanic islands separated by 179 km of sea. The islands have a population of just over 43,000 most of who live in the capital Majuro. An important industry is large-scale commercial fishing. Japanese fishermen, who are licensed to fish Marshallese waters, haul in over 40 million pounds of tuna and billfish each year. The export of coconuts (copra) is another important economic factor. LANGUAGE The official languages spoken are Marshallese and English. TYPE OF LAW Common Law based on Anglo/American Common Law. COMPANY INFORMATION TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT Non-Resident Corporation TIME TO INCORPORATE One Day, but allow two working days for receipt of documentation. RESTRICTIONS ON NAME AND ACTIVITY Any name is acceptable for a Marshallese company, provided it is not identical to an existing company. The following words or their derivatives may not be used: bank, chartered, establishment, foundation, insurance, partnership or trust. Names must end with one of the following words, or their relevant abbreviations - Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima. CLASSES OF SHARES PERMITTED Registered shares, bearer shares, preference shares, redeemable shares, shares with or without a par value and shares with or without voting rights. DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES No. LICENCE FEES The annual government licence fee is US$150. TAXATION All Non-Resident corporations are exempt from taxes. FINANCIAL STATEMENT REQUIREMENTS Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company. Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission. >>TOP

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