Marshall Islands Offshore Guide

MARSHALL ISLANDS
INCORPORATION GUIDE

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OVERVIEW
Marshall Islands comprises 29 atolls and 5 islands
situated in the Pacifi c Ocean. It is an a rac ve
business and fi nancial centre for interna onal
companies and especially popular among mari me
companies.
Marshall Islands IBC is a tax-free corpora on
designed for engagement into all forms of
interna
onal business, with no repor ng
and record-keeping requirements and with
comprehensive confi den ality features.
Rikvin can assist in the opening of corporate bank
account with interna onally recognised banks
such as HSBC, Standard Chartered, Ci bank, Ci c
Interna onal, DBS bank and Loyal bank.
Marshall Islands:
(Subject to bank due diligences and policies)
* All Income is tax exempted
* No Personal or Corporate tax
You can also establish a brokerage account with
* No capital gains or withholding tax
* No annual repor ng or audi ng
Saxo Capital Markets in Singapore. With Saxo,
is required
you can trade over 160 currency in the OTC FOREX
* Company can be incorporated
in a day
market, and over 13,000 stocks from 24 major
exchanges around the world including US, Canada
(and TSX-V), London and Singapore. For more
informa on: h p://sg.saxomarkets.com.
Marshall Island Company Registra on
Copyright (c) 2011 Rikvin Pte Ltd

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CHECKLIST FOR MARSHALL ISLANDS
OFFSHORE COMPANY INCORPORATION
Once you have decided to incorporate a Marshall Islands off shore company, the following details will help
you understand the key requirements and the overall incorpora on process.
Items
Descrip on
* The proposed company name of your Marshall Islands off shore
Company Name Approval
company can be in any language with Roman characters.
* Company name ending can have any suffi
x.
Directors
* Minimum of one director (Can be individual or a corporate en ty
of any na onality). No resident director is required.
* Any number of addi onal directors can be appointed.
* We also off er nominee director service at an addi onal fee.
* A minimum of one shareholder is required.
Shareholders
* A director and shareholder can be the same or diff erent person.
* A shareholder can be an individual or corporate body.
* There is no limit of number of shareholders
* Company secretary can be an individual or corporate body.
Company Secretary
* The same director/shareholder can act as the company secretary.
* We act as the company secretary for all off shore companies we
incorporate.
* Minimum paid-up capital: One share of par value in any currency.
Paid-up Capital
* Maximum Authorised Share Capital: Unlimited, but addi onal
government fees apply for share capital over US $50,000 or 500
shares of no par value.
Registered Address
* We will provide you a registered address in the Marshall Islands at
no cost.
Documents Required for
* Passport copies of proposed shareholders and directors.
Incorpora on
* Residen al address proof of proposed shareholders and directors.
* Details of the parent company if the shareholder is a corporate
en ty.
* We will assist you with bank account opening for your off shore
Bank Account Opening
company in Singapore.
Marshall Islands Company Forma on
Copyright (c) 2011 Rikvin Pte Ltd

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WHY CHOOSE MARSHALL ISLANDS IBC?
Marshall Islands Company does not have the
tainted "tax haven" reputa on that is associated
with many others off shore jurisdic ons;
Marshall Islands is refusing to co-opera ve with the
OECD regarding customer informa on exchange,
thus making this corporate jurisdic on a secure,
long term solu on. A low cost corporate vehicle,
that provides confi den ality and limited liability
protec on;
Tax Planning - Off shore Tax
Snapshot of Marshall Islands
A Marshall Islands Company forma on may be
Type of Company
IBC
used to legi mately minimize tax by properly
Poli cal Stability
Excellent
structuring fi nancial and business aff airs.
Bri sh-based Legal System
No
Disclosure of Benefi cial Owner
No
Professional Services
Migra on of Domicile Permi ed
Yes
A person working overseas may be able to limit his
Corporate Taxa on
None
tax burden by receiving, into the country in which
Minimum Number of Shareholders
1
he is working, a fi xed level of remunera on and
Minimum Number of Directors
1
accumulate the balance in an off shore company.
Corporate Directors Permi ed
Yes
Similarly, designers, authors, consultants and
Company Secretary Required
Yes
entertainers may assign or contract with an
Registered Offi
ce/Agent
Yes
off shore company the right to receive fees due
Local Directors
No
under a contract for services.
Local Mee ngs
No
Inheritance Planning
Government Filing Register of Directors
No
People who travel the world and expatriates o en
Government Filing Register of Shareholders
No
fi nd that their connec ons with foreign countries
Annual Return
No
create uncertain es and undesirable consequences
Audited Accounts
No
for their wealth on their death.
Marshall Islands Company Setup
Copyright (c) 2011 Rikvin Pte Ltd

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The transfer of wealth to an off shore company
the forma on of interna onal companies with
(again, there are no MI trusts) can avoid these
no tax or repor ng responsibili es. This means
diffi
cul es, the wealth is protected in a stable
you save money not only from zero corporate
environment well away from the unwanted
tax, but also from reduced compliance and other
a en ons of the tax and inheritance laws of
regulatory costs.
foreign jurisdic ons.
Asset Protec on
Where a person is domiciled outside a territory
High net worth individuals gain privacy and save
and owns assets located in that territory (e.g.,
on professional fees by using off shore companies
property), then such assets may be protected
as Personal Holding Companies. These en es
against inheritance tax and higher rates of
may be suitable for inheritance planning and
taxa on by holding the assets through an off shore
reducing the costs and me delays in probate.
investment company.
You can protect your assets by se ng up an
Confi den ality
off shore company in combina on with a Trust.
Off shore Companies can off er you complete
Choosing the right country to incorporate an
privacy. If the company shares are held by a Trust,
off shore company can help you avoid unnecessary
the ownership is legally vested in the trustee,
and high taxes that would otherwise be payable
thus gaining the poten al for even greater tax
if the assets were held directly. It can also help
planning advantages.
protect assets from creditors, adverse claimants
and other par es; or help you secure against
Estate Planning
future claims such as bankruptcy, judgment
You can set up a Family and Protec ve Trusts
creditors and other li gants.
(possibly as an alterna ve to a Will) with an
off shore company for accumula on of investment
Investment Companies
income and long-term benefi ts for benefi ciaries
The off shore company is inves ng in property,
without high income, inheritance or capital gains
stocks and shares, commodi es and other assets,
taxes.
while providing anonymity and tax savings.
Conduct Business with Low or No
Funds accumulated can be invested or deposited
Corporate Taxes
throughout the world, although the funds may
Certain countries such as Marshall Island allow
be subject to the tax regimes of the countries
Marshall Islands Company Incorpora on
Copyright (c) 2011 Rikvin Pte Ltd

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in which the investments are located. There are
Employment Companies
countries with tax free bonds or bank deposits
Payroll costs and travel expenses may be reduced
where interest is paid gross.
by paying employees working overseas from your
off shore base. This may also provide tax relief and
Shipping Companies
social security saving benefi ts for the employees.
Ships or yachts may be owned by an off shore
company and registered in an off shore jurisdic on
IPO and Capital Raising
which can prove a cheaper and more tax effi
cient
Many large corpora ons in economically and
method of ownership.
poli cally uncertain countries o en diminish the
percep on of risk by moving ownership of assets
Overseas Property
and the base of their opera ons off shore.
Simplifi ca on of Transfer of Proper es Held in
Several Countries If you own proper es in several
Single Purpose Trustee
diff erent countries, you will understand that the
Where the client creates his/her corporate trustee
sale or probate of proper es can get complex and
for a family trust, thereby ensuring more eff ec ve
expensive. If an off shore company collec vely
control during a client's life me and saving on third
holds these proper es tle, the ownership can
party trustee fees. A Marshall Islands company can
be transferred by company shares rather than
serve as the corporate trustee of a trust formed
transferring the actual proper es.
in another jurisdic on.
Many of the diffi
cul es and expenses associated
with investment in overseas property, such as
holiday villas, may be avoided through the use
of an off shore company to hold the tle of the
property. Sales of the property at a future date
can be dealt with quickly and easily by the sale
of the company shares to the purchaser. This also
Rikvin Pte Ltd
saves legal fees and overseas transfer and value
20 Cecil Street #14-01 Equity Plaza
added taxes levied by certain foreign countries.
Singapore 049705
It can also be used to successfully avoid capital
Tel: +65 6438 8887 Fax: +65 6438 2436
gains and inheritance taxes.
www.rikvin.com info@rikvin.com
Marshall Islands Company Registra on
Copyright (c) 2011 Rikvin Pte Ltd

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OPTIONAL VIRTUAL OFFICE SERVICES
Pres gious Offi
ce Address, Telephone Answering,
Mail Only
Business
Premium
Fax to Email Services
Registered Address
We provide a pres gious address, which can be used for
registered business address for the registra on of your company.
The address can be used on business cards, le erheads or any
other offi
cial documents.
Mail No fi ca on
Whenever the mail arrives, we provide an email no fi ca on
sta ng details such as date, sender, type of mail, etc.
Mail Forwarding
Incoming mail (including courier items and small parcels) will
be forwarded based on your instruc on. All forwarding postage
costs will be charged accordingly to you.
* This service will require a S$100 deposit and will be used to off set the
mail forwarding charges.
Dedicated Phone Line
A dedicated local telephone number will be assigned to you.
Automated Personalised
Professionally trained staff will personally a end to your
Gree ng
Gree ng
calls using your business name. This number may also be
Service
Service
automa cally diverted to another telephone number specifi ed
by you. Do not miss any more calls!
Dedicated Fax to Email
We'll assign a dedicated fax number to you. Faxes received will
be forwarded to your email ID so that you can access them from
anywhere.
MONTHLY FEE (US$)
50
200
250
Copyright (c) 2011 Rikvin Pte Ltd

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RIKVIN PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Line : (+65) 6438 8887
Fax : (+65) 6438 2436
Email : info@rikvin.com
Website : www.rikvin.com
This material has been prepared by Rikvin for the exclusive
use of the party to whom Rikvin delivers this material.
This material is for informa onal purposes only and has
no regard to the specifi c investment objec ves, fi nancial
situa on or par cular needs of any specifi c recipient.
Where the source of informa on is obtained from third
par es, Rikvin is not responsible for, and does not accept
any liability over the content.
Copyright (c) 2011 Rikvin Pte Ltd

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