The Marshall Islands are located nearly midway between Indonesia and Hawaii, and are the easternmost island group in Micronesia.
The Marshall Islands were under the control of Spain from 1500 to the late 1800's, Germany from 1885 to World War I, and Japan from 1917 to 1944. After the World War II, the Marshall Islands became a United Nations Trust Territory of the Pacific Islands under United States of America administration.
The Republic gained its independence in 1986, after signing the Compact of Free Association with the USA. It then became a full member of the United Nations in 1991 and has established diplomatic relations with the world's major maritime and industrial nations.
As with most offshore legislation, the Marshall Islands Business Corporation Act (BCA) contains provisions which provide for CONFIDENTIALITY. For example, companies may issue BEARER SHARES and are NOT required to disclose the names of Shareholders, Directors or Officers to the Registrar, Registered Agent, or any other governmental authority in this jurisdiction!
Unlike many offshore jurisdictions, the Marshall Islands STATUTORILY EXEMPTS non-resident domestic corporations from TAXES. Although the Marshall Islands BCA is modeled after the corporate laws of the US, certain provisions have also been borrowed from British law, such as the ability to appointing a Managing Director and Corporate Secretary. In addition, facsimile filings are permitted in the Marshall Islands and corporations are NEVER required to have corporate documents acknowledged by a Consular official. The Republic also permits corporate REDOMICILIATION both into and out of the jurisdiction.
The Marshall Islands Ship Registry is one of the ten largest Open Registries in the world. Vessel types include oil tankers, bulk carriers, container ships and fishing vessels. Vessels may be owned by a Marshall Islands corporation, LLC, partnership, or a qualified Foreign Maritime Entity.
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