| Marshall Island Company Formation Detail | |
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| Background |
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Political stability: |
Stable |
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Legal system: |
US/UK common law |
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Company type: |
Limited Liability Company (LLC) |
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Disclosure of company information: |
Protected |
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Oversea profit: |
Non-taxable |
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Chinese Company name registration: |
Possible
(Additional 1,000 HK dollar fee) |
| Company formation Regulation |
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Minimum shareholder: |
One |
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Minimum director: |
One |
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Corporate director: |
Possible |
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Company Secretary: |
Necessary |
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Standard Share Capital: |
USD 50,000
(Extra fee if excess) |
| Local Regulation |
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Registered address or Registration Agency: |
Necessary |
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Local Company Secretary: |
Not necessary |
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Local Director: |
Not necessary |
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Local meeting: |
Not necessary |
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Director List storage in Company Registration Office: |
Not necessary |
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Shareholder List storage in Company Registration Office: |
Not necessary |
| Annual Regulation |
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Annual Report: |
Not Required |
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Annual Auditing: |
Not Required |
| Estimate Duration and Fee |
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Duration for New Company Formation: |
15 working days |
| Shelf Company |
Not available |
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Geographical: Republic of Marshall Islands located in the center of Pacific, around the middle of Indonesia and Hawaii. Its size is around 181 km square. It is around 3200km southwest to Hawaii and around 2100 km Southeast to Guam. Its west side is Federated States of Micronesia, and its south is Kiribati. It is formed by more than 1200 islands and they located in 2M km square sea area separately. Its east side is made up by Ratak Chain and west side is Ralik Chain and has 34 major atolls. |
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History: The human residential history in Marshall Island started 4,000 years ago. In 1788, British Captain John Marshall made the first discovery of the archipelago, and the islands were named after him. Spain, Germany and US had governed Marshall. After the World War Two, US governed it as a trust territory, and in 1951 the government change to civil governing from US navy governing. In 1979, the Government of the Marshall Islands was officially established and the country became self-governing. The Compact of Free Association was sign in 1983 and enforce in 1986 and Marshall grants its sovereignty. In 1990 the United Nation ended the nomination status and joined UN in 1991. |
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| Advantage and aim of formation | |
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Registration capital need not paid up and can setup bank account anywhere in the world |
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Only annual business registration renewal fee required, no tax required. |
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Company owned by non-resident can wave for all tax |
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Purchase of property is allowed under corporate owned |
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Unnamed share issuing is allowed |
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Shareholder, director and administration staff list do not required to register in government, information is well protected |
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Company name:
Company name should be in English, and should be ended with “LIMITED”. Company name should not include “Trust Company”, “Bank” or similar wording unless approved by their government. |
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Standard Share Capital:
Standard registration share capital is USD 50,000. No capital examination required and capital need not paid up. |
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Director:
At least one, no nationality limitation, individual or corporate is also allowed |
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Shareholder:
At least one, no nationality limitation, individual or corporate is also allowed |
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Company Secretary:
No restriction normally provided by us and included in service fee. |
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Registration agency/Registered address:
Necessary. Require one local authorized registration agency. We will provide Registered address and its fee is already included in the registration fee and annual fee. |
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Required documents:
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Company name |
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Directors and shareholders information (address prove, nationality, passport or ID card copy) |
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Share allocation list (if more than one shareholder), share capital need not paid up |
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| Stage One: |
Name search (Company name should be drafted by you or enquiry for shelf companies’ name) |
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| Stage Two: |
Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy); Confirm company structure, share allocation and fill in the related application form |
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| Stage Three: |
Signing appointment agreement and related government documents and pay the first payment |
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| Stage Four: |
We will inform you once the registration completed, and please sign for collecting company kits and settle the last payment |
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| Stage Five: |
After-sale management service enquiry (if necessary) |
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| We have many shelf companies ready for sales. We can also registration name company with you chosen name; we also provide name search service. Company document will be well prepared in folder. |
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| Our company kit includes: |
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Certificate of Incorporation |
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Company Memorandum and Articles |
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Director Appointment Documents |
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Director and Shareholder list |
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Provide public telephone and fax |
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Company Chop 1 Set |
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Metal Chop 1 Set |
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Share book |
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Share transaction Contract (Shelf Company Only) |
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Folder Box (filing all the above documents) |
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Back
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