Ma rshall Islands I ncorporation Service Offered By Rikvin Marshall Islands Incorporation is one of the offshore company services made available by Rikvin, a leading Singapore professional incorporation firm. In order to provide a clear understanding on this kind of incorporation, Rikvin made its way to present the common procedure of Marshall Island Incorporation. An overview of the Marshall Islands started the brief presentation. “Marshall Island is part of the Micronesian Islands located in the Pacific Ocean. It has an estimated population of 62,000 and it is considered as one of the fastest IBC registrars in the world with the Marshall Islands Companies and Maritime Registry being the 5th busiest in the world,” Rikvin said. Marshall Islands tends to embrace the modern business concept by offering limited liability companies in addition to the existing conventional business corporations, limited partnerships and conventional partnerships. Rikvin thus making it listed in their complete corporate solution recognized this willingness and daring effort of Marshall Islands. Also on top of the presentation, Rikvin emphasized how Marshall Islands Corporate Law directs the Marshall Island Incorporation. “Marshall Islands Corporate Law was patterned on the corporate laws of the states of Delaware and New York. Corporations are organized either in the US style with a president, secretary and treasurer or in the UK style with a managing director and corporate secretary.” Rikvin added. After a brief overview, Rikvin then proceed by highlighting the common procedure in Marshall Island Incorporation. The first step presented was choosing a corporate name. It was emphasized how to choose a unique and desirable name which will also trigger name recall for its target market. Two alternatives names are needed in case the first selection is not available. Choosing directors was the next step discussed. Rikvin said, “There is no minimum number of directors for Marshall Island Incorporation. The corporation can either have only one director and one shareholder or it can specify more directors.” Share structure was also presented. Shares may be apportioned either in registered or bearer form, or a combination of both. Shares may either be of par value or no par value. A standard formation is 500 registered and/or bearer shares without par value or up to US$50,000 worth of par value stock. Selecting business activity under the rule of the incorporator was the last step presented by Rikvin. The incorporator may choose to elect directors, appoint officers or take on by laws without having additional cost. About the Publisher:
Rikvin is a Singapore-based consultancy that offers business solutions for both local and foreign professionals, investors and entrepreneurs. Rikvinâ€™s areas of expertise include assistance to form a Singapore company, offshore company setup, Marshall island incorporation, Singapore work visa, and other related corporate services. Rikvin also provides immigration services for foreign professionals wishing to relocate to Singapore. Rikvin PTE LTD 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 Main Lines: (65) 6438 8887 Fax (65) 6438 2436 http:/ /www.rikvin.com
Published on Feb 26, 2012
Learn about Singapore Company Registration – provided and presented by Rikvin, Singapore’s leading company registration firm and business so...