The Marshall Islands are located in the northern region of the Pacific Ocean (Oceania). According to the local rules, it is also possible to register international offshore companies in the Marshall Islands which are exempt of any type of income tax.
Advantages of company formation in The Marshall Islands
The Marshall Islands are widely known as a fixed taxation location as companies only need to pay a small amount of tax every year specified in advance, which does not depend upon the profit they make. Apart from this fixed tax, companies have no other tax liabilities. Since companies registered in the Marshall Islands do not need to pay taxes on their profits, they do not need to submit an annual report or a tax return to the local authorities either.
Requirements of company formation in The Marshall Islands
There is no requirement for equity. The offshore company is only required to have one manager and one shareholder for registration, who can also be foreign persons. There are no restrictions on whether they should be legal entities or natural persons. The business must have a local address, which qualifies as its official seat. The company is entitled to transfer its official address to another country at any time.