Having faithfully copied the Delaware corporate legislation, the island republic in the Pacific has justifiably gained popularity among LAVECO clients. Keys to its success include simplicity and the low incorporation and annual fees.
Method of incorporation / registration:
The Memorandum and Articles of Association must be signed by the subscribers. The subscriber must be a local person licensed for the purpose
Company legal form:
Private Limited Company by shares
Source of corporate legislation:
Marshall Islands Associations Law of 1990
Possible suffixes to company name:
Ltd., Limited, Incorporated, Inc., Company.
Restrictions on company name:
The terms Bank, Imperial, Insurance, Trust, Trustee, Chamber of Commerce and Royal may not appear in the company name.
Time required for incorporation:
2-3 weeks **
Number of directors:
Minimum 1 of any nationality
Number of shareholders:
Accounting / reporting requirements:
Type of shares:
Bearer or registered.
Annual tax and duties:
No annual tax or duties
Information publicly available:
Registered office and registered agent.
Disclosure of beneficiaries:
Local registered office is required by law.
Registered secretary / agent:
Local registered agent is required by law.
Double tax treaty:
Non-Resident Corporations are not subject to DTTs.
COMPULSORY COSTS (payable prior to registration)
International authentication (Apostille):
Legal expenses, filing fees and stamp duties:
Issuing of share certificates and initial minutes and forms:
Registered office and registered agent:
Annual tax and duties:
Due diligence checking fee:
* The annual fees for the first year of existence of the company are payable prior to registration. Subsequently the amount of 1095 USD is payable annually, beginning from the second year of existence of the company. Non-payment of the annual fees results in the company being struck off the Company Register.
The amount of 2090 USD includes the following services: formation of the company, duties payable to the local authorities for the registration of the company, provision of registered office and registered agent for 1 year, annual tax for the 1st year, luxury leather corporate kit containing Certificate of Incorporation with Apostille, Memorandum & Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, share certificates, initial forms and minutes, and 2 company seals. The price contains no hidden costs.
Nominee Director (private person):
Certificate of Incumbency
Power of Attorney with Notarial Certification:
Notarial Certification or Apostille:
Certificate of Good Standing:
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.
LAVECO LTD. is pleased to offer its clients shelf companies in the Marshall Islands, which are available at the same cost. In the case of purchase of a shelf company the paperwork and documentation involved can be completed in 1 week. Contact our office for details and a list of shelf companies!
SHELF COMPANY PACKAGE
Formation fees including annual fees for the first year Ready made Marshall Islands company with nominee director and notarised Power of Attorney
Fees payable from the second year Registered office and registered agent , nominee director and notarised Power of Attorney, Due diligence checking fee
** In the Marshall Islands it is possible to order "express" company incorporation. The surcharge for express incorporation is 500 USD, and the process takes 72 hours.