How can I choose my IBC's name in Marshall Islands?

Selecting an eligible name is the initial step for any IBC registrations in the Marshall Islands. An IBC's name must not contain these words or their derivatives: bank, chartered, establishment, foundation, insurance, charity, partnership and trust. Any name that is similar to an existing one is not approved. A Marshall Island company name must end with one of the following suffixes or abbreviations: Corporation (Corp.), Incorporation (Incorp.), Limited (Ltd.), Public Limited Company(PLC), Aktiengesellschaft (AG), Société Anonyme (SA), Sociedad Anónima (SA), Société Anonyme à Responsabilité Limitée (SARL), Berhad (Bhd), Proprietary (Pty), Naamloze Vennootschap (NV), or Besloten Vennootschap (BV).

Is a company secretary necessary for a Marshall Islands corporate?

A Marshall Islands corporation must appoint a company secretary that can be a natural person or a body corporate. The company secretary can be of any nationality and locations. The company secretary is responsible for company records such as member resolutions, register of members, register of directors and register of debenture holders, other than accounting records.

Do I have to visit Marshall Islands in the incorporation stage?

Good news is that Marshall Islands offshore company formation can accomplish via email within 2 working days, so you don't need to be present in the country for incorporation. All you need to do is provide us the required documents and consent forms. BBCIncorp will complete the incorporation for you.

What kinds of business are restricted in Marshall Islands?

Any inland trading activities of an IBC is prohibited in Marshall Islands. Moreover, you cannot operate business of banking, trust services, insurance, assurance, reinsurance and gaming with a Marshall Islands company.

What are the initial requirements to register a company in Marshall Islands?

International Business Company incorporation in the Marshall Islands shall require you to include: At least one director and one shareholder, which can be the same person, A local registered address in Marshall Islands.

What types of corporate taxation for a non-resident domestic company?

Non-resident entities including non-resident domestic corporation, foreign corporation, partnership, limited liability company (not doing business in the Republic of Marshall Islands) are exempt from corporate profit tax, income tax, withholding tax, estate tax, stamp duty or any other taxes.

What things needed to be done to maintain the company's good standing status?

A non-resident corporation is exempt from annual return and tax return filing, financial reporting but subject to following maintenance requirements: Maintain one director/shareholder at a minimum; Maintain local registered agent and address in the Marshall Islands; Keep proper bookkeeping records and supporting documents. Want to stay compliant with Marshall Islands legal regulations? Try out ComplyMate, you can get full access to all the possible deadlines that need close attention.

What type of entity can an IBC in Marshall Islands be formed?

An international business company in the Marshall Islands can be incorporated in the form of non-resident domestic corporation (company limited by shares) regulated under Business Corporations Act.

What business activities are required to be licensed by local authorities?

A non-resident domestic corporation can carry on any lawful business with the exception of insurance, trust services and banking required to obtain permission from local financial authorities.

How long to open an IBC in Marshall Islands?

Company registration in the Marshall Islands is quite fast, and could be as short as one business day.

What are the minimum number and requirement on corporate directors/shareholders?

There should be at least one director/shareholder. Company's director can be of any nationality and need not be residents in the Marshall Islands. Non-resident corporations are also allowed to appoint a corporate director.

Is information in relation to company members released to the public?

A non-resident domestic corporation is not required to disclose information of company members to the public. But the personal details for director, shareholders and beneficial owners have to be kept, updated and be ready for production upon receipt of inspection demand from registered agent, the Registrar of Corporations or government official.

What is the minimum registered capital for a corporation?

There is no required minimum registered capital. Shares issued can be partly or fully paid. The standard authorized is 500 shares without par value or up to US$50,000 worth of par value share.

Are bearer shares allowed?

Yes, bearer shares are permitted. But information regarding beneficial owners has to be recorded with the registered agent.

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Company Formation
Marshall Islands

Marshall Islands Company Formation Launch Offshore With Ease

Simplify Marshall Islands company formation with expert support for incorporation, compliance, and ongoing assistance.

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HSBC

Standard Chartered

UOB

CIMB

Payoneer

+ more partners

HSBC

Standard Chartered

UOB

CIMB

Payoneer

+ more partners

HSBC

Standard Chartered

UOB

CIMB

Payoneer

+ more partners

Marshall Islands Company Formation Launch Offshore With Ease

Marshall Islands Company Formation Service Packages

International Business Company (IBC)

basic

US$1299

Get Started

Company Formation

Unlimited Name Availability Check
Document Preparation and Filing
Company incorporation process
01 year Company Secretarial service
01 year Registered Agent & Local Registered Address
All Government fee in 01 year
Digital corporate documents

* This Package includes everything for a foreigner to set up a new Marshall Islands International Business Company (IBC) from the beginning** All-in renewal fee at US$1,099

standard

US$1699

Get Started

Everything in the Basic package

Open A Bank Account

One-time fee for application of one bank
Bank account introduction for any bank in the supported list
Certificate of Incumbency (if required)

premium

US$1999

Get Started

Everything in the Standard package

Premium Banking Support

One-time fee for application of up to 5 banks OR until the account is opened, whichever comes first
Consulting on suitable alternatives if the first application is not approved
Remote bank account opening
Fast response even on weekends
Frequent updates on the bank account opening process

basic

standard

premium

basic

US$1299

Get Started

Company Formation

Unlimited Name Availability Check
Document Preparation and Filing
Company incorporation process
01 year Company Secretarial service
01 year Registered Agent & Local Registered Address
All Government fee in 01 year
Digital corporate documents

* This Package includes everything for a foreigner to set up a new Marshall Islands International Business Company (IBC) from the beginning** All-in renewal fee at US$1,099

Refund Guarantee

We refund your money in full for any Marshall Islands company formation services that we cannot deliver.

Read our policy

Complete Support for Your Marshall Islands Offshore Company

Simplified incorporation and international operational support for global businesses.

International Company Structuring

Global Banking
Support

Digital Client
Portal

Corporate Compliance Services

Our Marshall Islands Company
Formation Process

Place order

You do

Choose a service package & submit order

We do

Review the order & confirm the setup details

Make payment

You do

Make payment for the selected package

We do

Issue invoice and confirm the order

Proceed KYC

You do

Upload the required verification documents

We do

Review documents & prepare filing

Receive docs

You do

Review & download company files

We do

Complete registration & deliver documents

KYC documents checklist

Compliance gate

What you'll need to complete eKYC verification

For Individual

The following proofs are required for all company members.

Proof of identity

A certified true copy (scanned version) of the passport (valid for at least 6 months);

A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

See sample of a certified true copy

Proof of address

A certified true copy (scanned) of address proof (e.g., bank reference, bank statement, utility bill, or driver’s license), issued within the last 3 months.

The document must clearly show the holder’s full name and residential address in English. P.O. Box addresses are not accepted.

For corporate or entity

Corporate verification includes two parts: company documents and KYC proofs for every associated member.

Company documents

Please provide us with certified true copy (scanned version) of the following company documents:

Certificate of Incorporation;

Memorandum and Articles of Association/Constitution;

Extract of the company’s details from the Registrar of Companies, which can include any of the following: Business Profile / Certificate of Incumbency / Certificate of Good standing (valid for within 6 months if any).

In case the company documents can be certified via official government site, there is no need to submit certified copies.

Company members

All members must provide Proof of identity and Proof of address (same as Individual requirements)

Note:

Documents must be Certified True Copy / notarized by a Notary Public within the last 3 months
Documents must be in English or officially translated into English
Requirements may vary by case. Talk to our team for confirmation.

Why Choose Marshall Islands for Company Formation

Ideal for international business structuring and asset ownership.

Tax-neutral environment

No local corporate tax on foreign-sourced income

No VAT or capital gains tax for offshore income

Suitable for holding or cross-border structures

Flexible company structure

Only one director and one shareholder required

Limited liability for shareholders

No residency requirement for owners

Streamlined compliance framework

Limited public reporting requirements

Accounting records maintained internally

Local registered agent required

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Company Incorporation

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Marshall Islands Company Formation Launch Offshore With Ease

Marshall Islands Company Formation Service Packages