Marshall Company

Background

The company needn't pay any tax item on its global income or profit .

Double tax protocol of the Ma 's: Have not signed any double tax treaty with any country or the area .

It needn't be referred to to any department either that the financial report form needn't be verified. However, the company should still work out the enough financial statemant which reflect its financial situation.

Introduction

The Marshall Islands are located midway between Indonesia and Hawaii and are the eastern-most island group in Micronesia. The Marshall Islands cover approximately 2 million sq. km in the Central Pacific Ocean, with two 1,280 km long parallel chains of atolls and volcanic islands separated by 179 km of sea. The islands have a population of just over 43,000 most of who live in the capital Majuro. An important industry is large-scale commercial fishing. Japanese fishermen, who are licensed to fish Marshallese waters, haul in over 40 million pounds of tuna and billfish each year. The export of coconuts (copra) is another important economic factor.

The official languages spoken are Marshallese and English.

Law And Taxation

Common Law based on Anglo/American Common Law.

All Non-Resident corporations are exempt from taxes.

Corporate Requirements

A shareholder at least. The shareholder can be natural person or body corporate , and there is no restriction on nationality.

Need to have a director at least. The director can be legal person or natural person, and there is no restriction on any nationality.

Each company should appoint a company secretary. Company's secretary can be a natural person or an legal person , and there is no restriction on nationality.

Address which the registered office must lie in the management company that the locality hold card .

Company's name can't be the same or too similar as the name that has already registered the company. Whether company must application can use following words separately to appropriate authorities. bank, chartered, establishment, foundation, insurance, partnership or trust is regarded as company's name.

Local Infrastructure

The advantage of the company is established in the Marshall Islands: Company established in the Marshall Islands, contribute to real estate investment, the stock jobbery , trust , property investment plan including assets protect trust , joint venture and manage , and listed raising funds from the world market through the stock.