Marshall Islands Company Formation

The Marshall Islands offers one of the world’s most efficient and confidential jurisdictions for international business. With flexible company types like the  Limited Liability Company (LLC), as well as the International Business Company (IBC), the Marshall Islands delivers a tax-neutral platform perfect for entrepreneurs, asset holders, and global investors. At Offshore Pro Group, we specialize in seamless, secure Marshall Islands company formation, giving our clients the edge in privacy, speed, and cost.

Why Form a Company in the Marshall Islands?

If you’ve been looking into offshore company setups, chances are you’ve come across the Marshall Islands more than once. It’s one of those jurisdictions that checks a lot of boxes, especially for those who want something simple, private, and tax-efficient.

Many international entrepreneurs and small teams choose the Marshall Islands because the process is relatively simple. You can do the process remotely, the paperwork is minimal, and you can incorporate a company efficiently. Plus, the level of privacy it offers is significant if you don’t want your name to appear all over public records.

Whether you’re trying to streamline how your business is structured, keep more of your earnings, or just want fewer regulatory headaches, the Marshall Islands gives you a solid framework to do all that without a lot of hassle. 

Here are the key benefits: 

• Zero Corporate Tax: Companies registered here aren’t subject to corporate income tax, capital gains, dividend tax, or profit distribution taxes. That’s a huge draw if your business operates globally and you want to retain more of what you earn without complicated tax setups.
• Absolute Confidentiality: Your name—or anyone else’s involved—doesn’t need to show up on public records. Directors, shareholders, and beneficial owners stay completely private.
• Speed and Simplicity: You can get a company up and running in the Marshall Islands surprisingly fast (approximately 3-5 days after submission of application). The best part is you don’t even have to set foot there to make it happen.
• Minimal Requirements: You don’t need a big team to get started. Just one person is enough to form and operate a company, so you can be the manager and a member of an LLC, for example. 
• Minimal Annual Reporting: Once your company is formed, you’re not required to file annual reports, financials, or go through audits, apart from the Economic Substance Reporting (however, you can get assistance from professionals like ours with this). That means fewer forms, less hassle, and lower long-term costs. If you like keeping things simple and lean, that’s a huge plus.
• Maritime Advantage: Besides business, the Marshall Islands is also one of the top places in the world to register ships and yachts. The registry is well-known and respected, which is why you’ll see a lot of commercial and private vessels flying its flag.

Choosing Your Company Type: IBC vs. LLC

When setting up a business in the Marshall Islands, choosing the right legal structure is key to aligning with your goals, whether that’s wealth protection, asset holding, or international trade. The Marshall Islands offer two main types of entities: the International Business Company (IBC) and the Limited Liability Company (LLC). Each structure comes with unique features and advantages depending on the nature of your operations, flexibility, and asset protection needs. 

The table below highlights the key differences between an IBC and an LLC to help you choose the most suitable entity:

Now, let’s look at each option in more detail.

International Business Company (IBC)

If you’ve ever dealt with setting up a company overseas, you’ve probably come across IBCs; they’ve been around forever and are a popular option for international business. They function a lot like a regular corporation: some shareholders own it and directors manage it. That structure makes it a good fit if you’re planning to scale or bring in investors. IBCs are especially handy for those running trade businesses, consulting gigs, or anything that needs to look buttoned-up while operating across borders. 

Limited Liability Company (LLC)

LLCs offer a more modern, affordable, and adaptable setup. Instead of shareholders and directors, they have members who can manage the company themselves or appoint managers to do so. What makes Marshall Islands LLCs especially attractive is the high level of asset protection due to the separate structure from the members, shielding their personal wealth from creditors. LLCs are popular amongst individuals or partners looking to hold assets, engage in joint investments, operate internationally, or protect wealth without the constraints of traditional corporate formalities.

Our Marshall Islands Company Formation Packages

How to Register Your Company in 4 Simple Steps

Setting up your company in the Marshall Islands is faster and more straightforward than you might expect. With Offshore Pro Group, the process is streamlined to minimize delays and paperwork. Here’s how it works from start to finish.

Step 1: Choose a Company Type and Name

Decide whether an IBC or LLC suits your needs. Offshore Pro Group will confirm name availability. 

Step 2: Submit KYC Documents

We typically require the following due diligence documents:

• Certified passport copy
• Address proof (e.g., utility bill, no older than 3 months)
• Description of business activity
• Completed data privacy form

Step 3: Make Payment

Payment for your Marshall Islands company formation package is processed securely.

Step 4: Incorporation & Delivery

Once your company is registered, you’ll receive your corporate kit, including a certified copy and scanned versions of all essential company documents.

Documents Required for Due Diligence (KYC)

To ensure compliance, we require the following documents to incorporate the company:

• Passport
• Proof of address (no older than 3 months)
• Data Privacy Form 
• Description of the business activity
• Proof of source of funds and wealth (we can guide you on this)

No notarization or certification is required. The documents must be in English. Sometimes the Registry can request additional documents, such as ID or a CV.

Annual Requirements for Your Marshall Islands Company

To maintain your company in good standing:

• Pay the yearly renewal fee
• Maintain a registered agent and legal address
• Adhere to the Economic Substance Reporting requirements and file the report (we can also assist with that)

Please note: Aside from the Economic Substance Reporting requirements, there are no other filing or reporting obligations for either LLCs or IBCs in the Marshall Islands. However, companies are still expected to maintain internal records and documentation related to business activity, ownership, and finances.

Additional Services for Your Marshall Islands Company

Bank Account Setup: Offshore Pro Group provides expert assistance in opening a corporate bank account tailored for your Marshall Islands company registration.

Professional Appointments: Need discretion? We offer nominee director and shareholder services for enhanced privacy.

Ready-made Companies: Prefer an already incorporated entity? We offer ready-made Marshall Islands company options for rapid deployment.

Economic Substance Compliance Solutions: You can get assistance to remain compliant with the Economic Substance requirements, saving you time and stress. 

Why Choose Offshore Pro Group for Your Marshall Islands Company Formation?

With over a decade of expertise, Offshore Pro Group offers a seamless, personalized approach to Marshall Islands company formation. Our team handles every detail, from due diligence to courier delivery, with professionalism and care. Clients worldwide trust us for:

• Fast-track Marshall Islands company registration
• Access to ready-made companies
• Dedicated support and legal compliance
• Corporate bank account assistance

Let Offshore Pro Group be your trusted partner in building an international business structure with maximum flexibility and confidentiality. Whether you’re forming a Marshall Islands company to hold assets, expand globally, or protect wealth, Offshore Pro Group delivers tailored solutions with privacy, speed, and service at the core. Reach out to us today.

Frequently Asked Questions