Why do companies incorporate in the Marshall Islands?

Companies choose to be registered in the Marshall Islands based on a combination of strategic, legal, and operational advantages. The primary reasons include:

• Business-friendly legal system – The Marshall Islands is a U.S. Delaware law-based corporate law system with potential company structure flexibility and enforcement of shareholders' rights.
• International reputation – Renowned for its shipping registry, the Marshall Islands also offers a time-tested jurisdiction for international business operations, especially for maritime, investment holding, and international trading businesses.
• Flexible corporate structures – Corporate structures like International Business Corporations (IBCs), Limited Liability Companies (LLCs), and Partnerships can be set up with ease, with fewer administrative requirements.
• Streamlined incorporation process – Registration can be completed in a short time frame, with relatively straightforward compliance requirements.
• Confidentiality for directors and owners – The jurisdiction offers confidentiality assurance, i.e., information about shareholders and directors is not part of public records.
• No local operational requirements – There is no requirement for companies to have physical offices or to conduct business in the Marshall Islands, which is ideal for international operations.
• Strategic location to conduct maritime business – Being one of the world's largest registries, it is preferred by Marshall Islands Inc. for shipping lines, shipping companies, and allied organizations.

To any business organization seeking a speedy, highly flexible, and internationally recognized place of incorporation, the Marshall Islands are undoubtedly appealing. Offshore Company Services (OCC) can render a start-to-finish service, starting with the choice of the type of entity most appropriate to the client's needs, all the way through to helping ensure compliance with local as well as international rules and regulations.