All About Marshall Island Company Formation: What Businessmen Should Know Marshall Islands is one of the most popular offshore financial centers in the world with its viable corporate programs which are attracting thousands of international corporations, limited liability companies, limited partnerships, and partnerships. In an effort to become the world’s most attractive offshore center, the islandcountry has adopted the Marshall Island Association Law that was primarily based on the structure of corporate laws from Delaware and New York in 1990. This law was further modified with the same features of a typical offshore center which has bearer shares, facsimile filings, and implementation of certificates without the need for any notary affidavits. According to business professionals, an incorporated company in Marshall Islands may adopt the structure followed by the US with its president, secretary, and treasurer, or the one followed by UK in which there is a managing director and corporate secretary. There are countless of advantages of having a Marshall Island company or partnership as this country provides confidentiality protection to shareholders, partners, and directors. In addition, their personal assets are protected from the financial losses and duties related to their business. Meanwhile, many international banks such as HSBC and CitiBank allow partnerships and companies to open bank accounts. StepbyStep Guide on How to Form a Marshall Islands Company
Choose a business name
The company name may be in any languages as long as it uses Roman alphabets and is not currently used by other business organizations. The offshore center also allows the use of corporate suffixes such as corporation, incorporation, etc., but bans the use of the words such as trust, bank, and insurance. In some cases, the companies are allowed to use the words foundation and charity as long as they seek permission from the International Registries, Inc.
Appointment of directors
Marshall Islands does not have any limit on the number of directors but requires the appointment of at least one individual who perform the duties of a director.
Number of shareholders
There is no minimum or limit on the number of shareholders who must not be a resident of Marshall Islands.
It is possible that shares are issued in bearer or registered form, or even a combination of both; it may also come with a par value or without par value. It is also important to note that the standard formation is 500 bearer and/or registered shares that may come without par value or a minimum of US$50,000 worth of par value stocks.
Select on what type of organizational activity
This usually includes the appointment of officers, election of directors, adoption of bylaws, and other related policies that will government the internal management of a company. About the Publisher: Rikvin is an ACRA registered service bureau. The firm provides a complete corporate solution under one roof for Singapore Subsidiary Registration , assistance to Start a Singapore Company , Marshall Islands Offshore Incorporation with opening of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in Singapore. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours. Appointments are welcome but definitely not necessary. Rikvin PTE LTD Address: 20 Cecil Street, #1401, Equity Plaza, Singapore 049705 Phone: +6564388887 Website: http://www.rikvin.com
Published on Oct 27, 2010
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