Start my Marshall Islands company
Marshall Islands company formation

A Marshall Islands company, with the tax exemption written into the law

A company owned from abroad and trading outside the islands owes no corporate, income or withholding tax, by statute rather than by ruling. Directors and shareholders aren't on the public file. US$699 a year, the first year included, run from anywhere.

Formed through the islands' statutory agent. Nobody flies to Majuro.
Start my Marshall Islands company What can it do?
  • Government fee inside
  • Yearly substance report filed
  • Payment only after signing
0%Corporate, income and withholding tax, by statute
1 dayTo file the articles with the registry
0Directors or shareholders in the public file
1Yearly filing: the economic substance report
01What it can do

What a Marshall Islands company can and can't do

The exemption covers a company that's owned from abroad and does its business outside the islands. A few trades are closed to it. Pick yours.

02Economic substance

Marshall Islands economic substance: report only, or more?

Every company files a short substance report each year. A few also have to show real activity on the islands. Two questions sort out which you are.

Is it a holding, financing, IP, distribution, shipping, fund or headquarters company?
Is it run from, and taxed in, a country with company tax?
03Who sees what

What the Marshall Islands registry shows

The registry keeps the articles, and the articles name whoever incorporates the company. That's us. Your records stay with your company.

On the public file
  • Company name and purposes
  • Registered agent and address
  • Share capital
  • Incorporator: Heirson
Kept by your company
  • Directors and officers
  • Shareholders
  • Owners of more than 25%, attested each year
  • Shown to the agent within 60 days, only if asked

04Each year

Marshall Islands company annual requirements

The fee and two short filings, all three in our yearly price. From today, yours fall here:

    05Lists

    The Marshall Islands and the EU tax list

    The islands spent eight months of 2023 on the EU's list. They came off that October and haven't been back.

    1. February 2023Added to the EU listAt the EU's February review.
    2. 17 October 2023RemovedAt the EU's October review.
    3. 2026On neither EU annexNor the FATF grey list of 30 October 2026.
    06The whole bill

    Marshall Islands company cost, filings included

    The cheapest prices online leave out the substance report. Ours is one number that includes it, the same in year one and every year after.

    Every year, year one includedUS$699Paid in crypto, once you've signed
    • Government fee and the statutory registered agent
    • Articles filed, with Heirson as incorporator
    • Bylaws, first resolutions and share certificates
    • Owner records set up, and the yearly attestation
    • Economic substance report, every year
    • Bank application prepared with you in year one
    An LLC insteadQuoted firstSame exemption, for partners who want flexible profit splits
    Apostilled documentsQuoted firstFor banks that ask
    Substance on the islandsQuoted firstIf the test above applies

    Add a nominee to your Marshall Islands company if you want one, never to hide an owner from banks or authorities. How nominees work.

    Nominee directorUS$480 a yearA licensed professional on the public record; you stay the owner
    Nominee shareholderUS$480 a yearHolds the shares on trust for you, with a declaration of trust you keep

    Comparison, November 2026: about 30% below the lowest fully itemised offer we found, US$999 in year one and US$999 a year with the substance report.

    Renewal and report dates from your formation day, and what follows a missed one: Marshall Islands annual fees and filings.

    Questions

    Marshall Islands company questions, answered

    Comparing offshore options? See our BVI, Seychelles and Nevis LLC pages.

    Does a Marshall Islands company pay tax?
    Not in the islands, if it's owned from abroad and doesn't do business there. The law exempts it from corporate, income and withholding tax and from tax reporting on its revenue. More in our Marshall Islands tax guide.
    Is a Marshall Islands company anonymous?
    Directors and shareholders aren't filed publicly, and we sign as incorporator. Your company must keep owner records and show them to the agent within 60 days if asked, and banks report under CRS. What the registry's free search shows: Marshall Islands company search.
    Does it file anything each year?
    Yes: an economic substance report within a year of each anniversary, and the owner records attestation. Both are inside our yearly price.
    Can a Marshall Islands company run a crypto exchange?
    No. Since December 2020 these companies can't exchange, store or transfer crypto for others. Holding its own coins or being paid in crypto is fine.
    Is the Marshall Islands on the EU blacklist?
    Not now. It was listed in February 2023 and removed on 17 October 2023, and isn't on either EU annex in 2026.
    Who is the registered agent?
    The law names one agent for these companies, The Trust Company of the Marshall Islands. It only accepts companies through licensed intermediaries like us.
    Can it have bearer shares?
    Only if every holder is recorded with the registered agent, which removes the point. We issue registered shares.
    Corporation or LLC?
    Both get the same exemption. A corporation suits most founders and banks; an LLC suits partners who want flexible profit splits. Ask and we'll quote the LLC.
    Can a Marshall Islands company open a bank account?
    Yes, with banks and payment firms abroad that take offshore companies. Our team fills in the application alongside you, and it almost always goes through. Our Marshall Islands bank account guide explains where these companies bank.
    Next

    A company whose tax exemption is in the statute, not a promise.

    US$699 a year, filings and agent included. You're charged only once you've signed.

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