Marshall Islands LLC – Limited Liability Company Formation

Looking for a fast, tax-friendly way to safeguard your assets or launch a global business? The Marshall Islands might be your answer. This jurisdiction offers zero corporate taxes for non-residents, a simple company formation process, and strong confidentiality laws, which are ideal for entrepreneurs, HNWIs, and anyone concerned with privacy, asset protection, and growing their business.

We will explore the core components of the LLC structure in the Marshall Islands, but if you want more information or decide to pursue this option, we can help. Contact us, and we’ll help you set up an LLC in the Marshall Islands without much hassle in no time!

Marshall Islands LLC: Advantages

The Marshall Islands are an ideal jurisdiction for both entrepreneurs who want to start a business from scratch and those who seek to optimize their current activities. Let’s look at the main reasons why you should establish an LLC here:

• Simplified registration procedure: It takes just several days to get a fully operational LLC in the Marshall Islands. Initial expenses are not very high, as the requirements for the minimum authorized capital are not set (note: it is recommended to have around 50,000 USD prior to starting).
• Few restrictions on involved parties: You can involve any number of founders and shareholders without limitations as to their residency or citizenship (barring a few blocklisted nations, which are under sanctions).
• Confidentiality: A registered agent keeps the personal data of directors and shareholders, and the information is not disclosed to the public. Additionally, information about beneficiaries is not logged in state registers, which ensures a high level of anonymity.
• Tax advantages: Non-resident companies are exempt from corporate, income, and capital gains taxes. This is true, subject to one condition: they conduct 100% of their activities outside the jurisdiction. The only mandatory payment is an annual state duty.
• No reporting: Marshall Islands LLCs are not required to submit tax or financial reporting or undergo an audit. As a result, business owners can focus on internal processes without spending too much time or effort on administrative matters.
• Freedom of currency operations: LLCs have the right to keep capital and conduct operations in any currency without any restrictions. The absence of currency control simplifies international transactions.

Marshall Islands LLC: Main Features

The LLC structure in the Marshall Islands isn’t just popular—it’s trusted by global entrepreneurs who value speed, privacy, and freedom from burdensome tax reporting. Let’s explore the main components to understand.

Understanding the Operations of a Marshall Islands LLC

• You cannot engage in commercial operations in the territory of the Marshall Islands.
• LLCs cannot conduct insurance, banking, or investment activities, provide trust-related services, or manage funds.
• LLC members can include individuals or legal entities from any country. Their personal liability is limited by the amount of contribution made.
• The company’s Articles of Association determine the management structure. Under the Limited Liability Company Act 1996, an LLC can be managed by all members (a feature typical of a general partnership), by selected members (a feature typical of a limited partnership), or by appointed external managers (similar to a joint-stock company).
• LLCs are subject to minimal regulatory requirements. There is no need to issue shares. Meetings of shareholders or the board of directors are not mandatory. If meetings are held, their place is selected at the LLC’s discretion.
• Simple accounting. There is no need to keep financial records or conduct audits. There are no accounting standards, which considerably simplifies cash flow management.
• Each LLC is required to have a registered agent or a local legal address in the Marshall Islands.

Marshall Islands LLC Registration Procedure

LLC registration in the Marshall Islands is a well-structured process. The main stages are listed below.

Step 1. Choosing a Business Structure 

You can register three company types in the jurisdiction. Each of them is tailored to meet different business requirements and guarantees profitable conditions. We can help you understand which is best for you. or if another jurisdiction is better suited to your needs, in a complimentary consultation.

• International Business Company (IBC). This is a classic offshore structure with tax advantages and minimal reporting requirements.
• Limited Liability Companies (LLCs) are flexible structures for small and medium businesses. To register a company of this type, you will only need one member and a local address.
• General or Limited Partnership is an ideal format for joint projects that allows profits to be distributed outside the Marshall Islands.

Step 2. Choosing a Unique Name

The name of your Marshall Islands LLC must be unique so that it does not coincide with the names of other registered companies. It can be in any language that uses the Latin alphabet. You can reserve up to two names for free for a term of up to 6 months.

It is recommended to include words or abbreviations in the company name, such as Limited Company or Limited Corporation, to emphasize the status of an LLC.

Step 3. Preparing Documents

You will need to prepare the following for registration:

• The Articles of Incorporation or the Articles of Organization.
• Information about directors, shareholders, and the registered office.

These documents must comply with the requirements of the applicable laws. Our specialists will help you get all the paperwork done correctly.

Step 4. Submitting an Application

You will need to fill out a registration form before you submit the documents. You will also need to pay a state duty, the amount of which depends on the company size. As soon as the documents have been filed and the payment has been made, the application will be considered by the Registrar of Companies within 4 working days.

Additional Services

Some kinds of business may require additional licenses. For instance, you will need special licenses to provide financial services. We will help you navigate special requirements for your industry in the Marshall Islands.

Efficient corporate finance management requires a bank account. Opening an account includes providing documents about LLC registration, information on directors, and a description of business activities.

We offer comprehensive support at all stages of Marshall Islands LLC registration. Our experts are aware of all the intricacies, so they will help you optimize time and expenses while remaining compliant with the jurisdiction’s norms and regulations.

Cost of Registration

Package 1: LLC/IBC Formation

Setup Cost: From $2,950 + $2,270 per year.

Processing time: From 3-5 business days

Best if you’re seeking an efficient, simple process to get your company set up. 

• Company formation 
• Government registration fee + renewal
• Registered agent and registered office for the first year + renewal
  

Ideal for those seeking a simple process, like digital nomads and SME owners. 

Package 2:  LLC/IBC Formation + Apostille

Setup Cost: From $3,750 + $2,270 per year

Processing time: From 3-5 business days

The best option if you want a company setup, alongside full documentation delivered to your door. 

• Company formation 
• Government registration fee + renewal 
• Registered agent and registered office for the first year + renewal
• One apostilled set of company documents
• Worldwide courier delivery

Perfect for those who want all paperwork taken care of, saving time and stress, such as entrepreneurs and investors. 

Package 3: LLC/IBC Formation + Professional Service 

Set up Cost: From $2850 + $5,200 per year

Processing time: From 3-5 business days

The choice for HNW individuals seeking to have as much professional support on an ongoing basis. 

• Company formation 
• Government registration + renewal fee
• Registered agent and registered office 
• One apostilled set of company documents
• Worldwide courier delivery
• Professional service, including directors and a shareholder/member 

Suited for wealthy investors, business owners, and others who want a high level of support and services.

Our Services

We provide business registration and support in the jurisdiction of your choice. Our team will choose an optimal company structure, prepare and submit documents, help you appoint a reliable registered agent, and provide a legal address.

We assist in opening bank accounts, keeping corporate records, and ensuring the confidentiality of your data.

Our work is based on transparency, speed, and an individual approach to each customer. You can delegate all administrative matters to us and concentrate on developing your business.

Why Businesses Choose the Marshall Islands

The Marshall Islands combines a lot of commercial advantages, which make it an attractive jurisdiction for companies:

• Complete tax freedom thanks to tax exemption, including corporate tax and capital gains tax, for non-resident companies.
• Loyal laws make it possible to adapt your LLC to any tasks and ensure the protection of owners’ personal information at the same time.
• A simple structure that enables business owners to attract capital, manage assets, and complete an IPO.
• Freedom to invest capital in different kinds of assets (precious metals, shares, real estate) while keeping your identity anonymous.
• Benefits for ship owners (the register of the Marshall Islands is one of the largest ones in the world).

Conclusion

Registering an LLC in the Marshall Islands is a responsible move that requires a professional approach and reliable support. Our experts guarantee fast and legally compliant company registration, fully adhering to local laws. Contact us to start the registration process today!

Want to talk to us? You have two options. You can have a complimentary, fifteen-minute consultation regarding company formation, ideal if you want to get started or learn about our service, or a one-hour consultation for 300 Euros, currently, normally 500, with an expert, if you want to dive deeper.