Marshall Island IBC & LLC Company
Incorporation Fee: US$875.00
Yearly Re-Occurring Maintenance Fees: US$550.00
One of the world's most modern offshore corporate programs, the Marshall Islands offers limited liability companies in addition to the more traditional international business corporations, partnerships and limited partnerships in a well-administered jurisdiction.
Marshall Islands Corporate Law
The Marshall Islands Associations Law, adopted in 1990, is modeled on the corporate laws of the states of Delaware and New York and was modified to include all the necessary characteristics of an offshore jurisdiction, such as bearer shares, facsimile filings, and execution of documents without notary affidavits. With a unique flexibility, each corporation may be organized in the U.S. style with a President, Secretary and Treasurer, or in the U. K. style with a Managing Director and Corporate Secretary. The Articles of Incorporation may include special provisions regarding the scope of activities or the conduct of the affairs of the corporation. There are also selected optional purpose and power clauses for attorneys which may be included in the Articles. The Marshall Islands Business Corporations Act provides a list of other provisions affecting corporate activity and administration which may also be included. The Marshall Islands Association Law was recently republished in a new publication which includes the Business Corporations Act, Partnership and Limited Partnership Act, Unincorporated Associations, and the Limited Liability Company Act.
Marshall Islands Limited Liability Companies
The Marshall Islands allows for the formation of popular Limited Liability Companies (LLC). The LLC is a hybrid business entity which combines the favorable elements of a corporation and a partnership. Members are governed by an operating agreement but are afforded limited liability similar to shareholders of a corporation.
FOUR STEP INCORPORATION PROCEDURE
Step One:
Choose a corporate name. Names may be in any language as long as Roman characters are used and any standard corporate suffix is acceptable. Two alternative names for the corporation should be included in the event that the first selection is not available.
Step Two:
Number of directors. As there is no minimum number of directors for Marshall Islands corporations, you may have only one director (and one shareholder). Please specify the number of directors you would like to have for your corporation.
Step Three:
Share structure. Shares may be issued either in registered or bearer form, or some combination of both. Shares may be of par value or no par value. Par value shares may be denominated in any currency. A standard formation is 500 registered and/or bearer shares without par value or up to US$50,000 worth of par value stock.
Step Four:
Select organizational activity to be taken by incorporator. The incorporator may take the following actions at no additional cost: elect directors, appoint officers or adopt bylaws.
