Why
incorporate in the Republic of Marshall Islands
The Republic of Marshall
Islands offshore companies, such as Non-Resident
Domestic Corporations (or International Business
Companies, "IBCs"), are essential
to commercial life; a business person that never
used an NRDCs or IBCs has probably not received
quality professional advice. It is also important
for thousands continuing to use IBCs to make
sure that some things don't change. There are
important elements to determine the usefulness
of the NRDC / IBC and worthiness of its origin:
Political stability in the selected jurisdiction;
communications network; availability of professional
and technical support; reputable track record
of the jurisdiction; and compliance with international
standards, especially the Republic of Marshall
Islands is one of those jurisdictions.
FLEXIBILITY
Jurisdiction at the Republic of Marshall Islands
"RMI" offers the possibility to form
offshore companies with either registered, bearer
shares, or both. Most jurisdictions have abolished
this possibility and others, might as well have.
In addition, a NRDC in the Republic of Marshall
Islands is normally filed with the Articles
of Incorporation (like Memorandum of Articles
in the English system company), but the by-laws
(i.e. the Articles of Association in the English
system company) are not normally filed (unless
stated otherwise), which give the flexibility
client to amend it without undergoing the filing
procedures of the amended by-laws.
QUALITY IFS PROVIDERS
When introducing a jurisdiction, one of the
major concerns is the availability of sound
professional resources. Many jurisdictions cannot
offer basic services such as professional audits
etc.. Knowledgeable IFS providers with FCCA
staff, like us, know best when a company should
keep bearer shares and when it is most appropriate
to register them, or to use nominee shareholder
or corporate director. Our professional staff
ensures proper procedure is followed.
FAMILIARITY
The corporate law of the Republic of Marshall
Islands is based on the corporate law of the
state of Delaware and is therefore familiar
to persons accustomed to US corporations.
SPEED
In general, a NRDC is incorporated in one working
day, but the whole set of documents will be
ready in about one week time. If time is critical,
client may subscribe our expressed incorporation
services for NRDC in the Marshall Islands (provided
that all required information, identification
proof, and required fees are cleared in our
bank account), we could deliver all corporate
documents (except common seal and pre-inked
chop) to client at the 3rd working day (excluding
holidays, saturdays and sundays) and hence,
client is ready to sign all documents and meet
at the banker in Hong Kong for bank account
opening at the 3rd working day. (If client is
not available in Hong Kong for signatures, the
required documents to be signed are ready to
despatched to overseas for signatures at the
3rd working day). If apostilled documents are
required, client may subscribe express apostillation
services at the same time of incorporation,
it is also ready at the 3rd working day.
CHARACTERISTICS
Marshall Islands NRDC is having following characteristics,
which are haing advantages over other jurisdictions:-
-
Confidentiality surpassing
that available in most jurisdicitons
-
No disclosure of beneficial
owners
-
All non-resident Marshall
Islands entities are statutorily exempt
from corporate taxes
-
Neutral domicile for
parties of different citizenship
-
Company name registered
with Chinese allowed
-
Minimum number of director
being ONE
-
Minimum number of shareholder
being ONE
-
Simple maintenance:
No annual filing (except annual resolution
for the re-election or appointment of director)
-
No requirement of annual
audit
-
Bearer shares allowed
-
Flexibility to file
by-laws
-
Familiarity with corporate
law (with U.S. based)
Order
your company NOW!
You tell... we tailor.
Our aim is to provide a comprehensive service
to our clients in Hong Kong and offshore operations.
If you find above helpful, please free to contact
us.