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 offshore operations. If you find above helpful,
please free to contact us.
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