passports.io website
residencies.io website
Bank Accounts website
Flag Theory website

Marshall Islands

Non-Resident Domestic Corporation (Company limited by shares)

A Marshall Islands Non-resident domestic company is a very flexible and tax-free vehicle, with just a few restrictions on the business that the company can carry out. It can engage any legal business activity, except gaming and financial services such as banking, insurance and trust.

Non-resident domestic companies are also restricted from doing business with Marshall Islands residents or companies, but may maintain professional contact with solicitors, barristers, accountants, bookkeepers, trust companies, management or secretarial companies, investment advisors, or other similar persons or entities carrying on business within the Marshall Islands.

This type of offshores corporations are exempt from all form of local taxes.

Marshall Island non-resident domestic entities may be incorporated by a sole shareholder, who can be either an individual or a corporation, and may be managed by a sole director who can be the same person as the shareholder. There are no minimum capital requirements and shares may be issued in any form.

Members of a Non-resident domestic entity may elect to not disclose their details in a public register.

In addition, Non-resident domestic entities face no reporting requirements.  No audited accounts or annual returns are required to be provided to the Government.

The Marshall Islands are one of only countries worldwide that allow the issuance of bearer shares, that no need to be held at the registered office and its owner declared. Bearer shares may be held under possession of the shareholder.

The Marshall Islands has agreed to implement the OECD’s automatic exchange of information for tax purposes (AEoI) by 2018.

A Marshall Islands’ non-resident domestic company may raise capital offering its shares to the public, carry out third-party trading and act as an investment advisor.

Furthermore, Marshall Islands’ offshore companies are usually used as holding structure for owning movable and immovable assets.

Taxes

Corporate income tax – Non-resident companies incorporated in Marshall Islands are not subject to corporate income tax. All trading income, investment income, capital gains, compensations, rents and royalties, as well as sales of goods or supplies of services are exempted from taxation.

Other taxes – There is no Marshall Islands wages and salaries tax or social security contributions liability for non-resident domestic companies and their employees.

There are no property, wealth and inheritance taxes in Marshall Islands.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • 0% Offshore Income Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Received
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 0 Losses carryforward (years)
  • 12% Personal Income Tax Rate
  • 14 Tax Treaties

Country details

Marshall Islands
USD
Majuro
Oceania
m h , e n - M H
65859

The Republic of the Marshall Islands is an island state located in the Pacific Ocean, in the Micronesia region. The country spreads over 29 atolls of coral, comprising 1,156 islands and islets.

The islands share maritime borders with the Federated States of Micronesia to the west, Wake Island to the north, Kiribati to the southeast and Nauru to the south. The population of the country is about 50,000 people. The capital and most populated city is Majuro, with about 28,000 inhabitants.

After being under the mandate of the Spanish, the German, the English, the Japanese and being part of the UN’s Trust Territory of the Pacific Islands and under the administration of the United States, the nation gained its independence in 1990, being one of the youngest states in Oceania.

Its official languages are English and Marshallese. Its official currency is the United States Dollar (USD).

The Marshall Islands government operates under a mixed parliamentary-presidential. Elections are convened every four years under universal suffrage (for all citizens over the age of 18).

Natural resources on the mainland include phosphate deposits as well as copra harvesting. Agricultural production is concentrated in small farms and the most important commercial crops are coconuts, tomatoes, melons and the bread tree. There is a small but intensive agriculture of copra, coconut, sweet potato and banana.

Livestock is restricted (due to the small extent) to the breeding of pigs, poultry, to a lesser extent cattle and goats. Obviously, fishing is very important although the seas are warm and not very prolific.

The industry is mainly that of copra, coconut oil, frozen fish for export, handicrafts. The aid of the United States government is the main pillar of the economy. The small-scale industry is limited to handicrafts, the processing of fish and copra.

Tourism has been emerging in recent years as a major source of income for the islands. The islands have few natural resources and imports far outnumber exports. Despite the relative scarcity of natural resources in their lands, the Marshall Islands have jurisdictional waters that are not well exploited due to the scarcity of capital.

The issue of postage stamps, mainly for philatelic collecting, is also an important source of income for its economy.

In recent years the country has developed a prolific wholesale and retail trade sector in the major urban areas, as well as a growing financial sector including banking and insurance services.

Tax treaties

Country Type Date Signed
Faroe Islands TIEA 2010-09-28
Iceland TIEA 2010-09-28
Greenland TIEA 2010-09-28
Netherlands TIEA 2010-05-14
Norway TIEA 2010-09-28
New Zealand TIEA 2010-08-04
Korea, Republic of TIEA 2011-05-31
Australia TIEA 2010-05-12
United States TIEA 1991-03-14
Finland TIEA 2010-09-28
United Kingdom TIEA 2012-03-20
Sweden TIEA 2010-09-28
Ireland TIEA 2010-09-02
Denmark TIEA 2010-09-28

Tax treaties Map

>

Services

We can help you incorporate a Non-Resident Domestic Corporation (Company limited by shares) in Marshall Islands for $3,100.


Description


Marshall Islands Non-Resident Domestic Company (NRDC) / Limited Liability Company (LLC) – US$3,100.00 (All included)


We pride ourselves in providing the best possible professional service which includes our honest hassle free “No Hidden Fee” policy. Your incorporation package includes:



  • Government incorporation and filling fee

  • Bound set of Constitutional Documents

  • Certified Copies of Constitutional Documents for bank account opening

  • Registered Agent & Registered Office Fee

  • Courier fees


Time to form: 1 week.


All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.


Bank Account Options



  • Offshore Bank Account* (Remotely) – US$300.00

  • Mauritius Bank Account (Remotely) – US$500.00

  • Curaçao Bank Account (Remotely) – US$500.00

  • Crypto-Friendly Bank Account (Remotely) – US$3,000.00


We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we are happy to help you with introductions that can empower your business.


*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia.  Other bank account options may be available depending on business profile and turnover.


Annual Fees (2nd year) – US$1,900.00


Including:



  • Government fee

  • Registered Agent & Registered Office fee





Click here to incorporate your Marshall Islands NRDC.

Incorporate now

Disclaimer

Although we use our best efforts to keep the information of this site accurate and up-to-date, we make no representations or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents of this website. We disclaim any warranties expressed or implied, merchantability, or fitness for any particular purpose. We shall in no event be held liable for any loss or other damages, including but not limited to special, incidental, consequential, or other damages. The contents of this website are just for illustrative purposes and are NOT to be considered as a legal opinion or tax advice and should not be relied upon as such. Far Horizon Capital Inc., and any associated company, is not engaged in the practice of law or tax. If you wish to receive a legal opinion or tax advice on the matter(s) in this website please contact our offices and we will refer you to an appropriate legal practitioner. Use of our websites FlagTheory.com, Incorporations.io, Residencies.io, Passports.io, is subject to our terms and conditions.

Flag Theory Weekly Letter

Subscribe to receive Internationalization, Business-driven Structuring Intelligence directly to your inbox. You will also get the Flag Theory Master Course, a 1-month course with valuable and actionable information that you must consider when going global.

Your privacy is important for us and we will keep your information secure. View our privacy policy

View past newsletters

Consultation

In order to better serve you, we ask that you please fill out the following form as accurately as you can and provide as many details as possible. Thank you.

Your privacy is important for us and we will keep your information secure. View our privacy policy