Marshall Islands as an Offshore Company Tax Haven

The Marshall Islands statutorily exempts all non-resident (i.e. offshore) companies from taxes. Thus, all foreign-owned companies and partnerships are exempt from all taxes if they do not do business in the Marshall Islands.

Marshall Islands Companies and their Tax Liability

The Marshall Islands has a stable business environment; the currency is the US dollar. There is no Marshall Islands personal income tax for employees, directors and/or shareholders of non-resident domestic companies. Personal income taxes are applicable to all persons employed in the Republic of the Marshall Islands , the tax rates being 8% for the first US$10,400 and 12% thereafter.

The Government has not signed double taxation treaties with any countries. However, under the Compact of Free Association with the United States, United States citizens may be relieved of their liability to pay tax in the United States on income earned in the Republic of the Marshall Islands. To be eligible they must have resided in the Marshall Islands for at least 183 days of the taxation year.

Marshall Islands Offshore Company Banking

Offshore Trade Services can incorporate Marshall Islands offshore companies with a choice of offshore bank accounts at the time of company formation. We work closely with a number of offshore banks, including HSBC and FBME Bank in Cyprus. Combining the two saves time and couldn't be simpler.

Marshall Islands Offshore Company Formation / Registration

Offshore Trade Services are able to incorporate a Marshall Islands offshore company. Company formation normally takes between 1 to 2 days to register a new company.

Marshall Islands Offshore Company Anonymity and Disclosure

Marshall Islands companies are traditionally well known for their confidentiality. Shareholder and Director registers are not available for public inspection. There is no requirement to file annual accounts, and therefore these are not publicly accessible.

Marshall Islands Offshore Company Shares

The usual authorised share capital of a Marshall Islands company is 500 shares without par value or a capital with a stated par value up to US$ 50,000. The authorised share capital may be expressed in any currency. The minimum issued share capital is either one share of no par value or one share of par value. Marshall Islands' corporations may have registered shares, preference shares, redeemable shares, shares with or without par value and shares with or without voting rights.

Our Services - Offshore Company Formation, Nominee Director, Nominee Shareholder, Mail forwarding and Bank Accounts

Offshore Trade Services specialize in Marshall Islands company formations ranging from simple company registrations to complex structures including offshore Trusts and in providing a very comprehensive assortment of administrative services to Marshall Islands companies, including the provision of Nominee Director, Nominee Shareholder, Mail Forwarding and Bank Account services. We are also able to offer a 'transfer in' service whereby we can take over the management of your existing Marshall Islands Offshore Company, often for no cost at all.

Please read also about our Due Diligence Requirements.