Most often an offshore company is registered as International Business Company (IBC).
The minimum number of directors and shareholders is one director and one shareholder who can be both individual person and legal entity, resident or non-resident of Marshall Islands.
There isn’t requirement for mandatory payment of the authorized capital.
Proposed authorized capital is $ 50 000.
Offshore IBC companies are completely free of tax and pay a fixed fee to the budget. The fee is paid annually until the date of registration of the company.
Accounting and audit.
The legislation doesn't involve submitting reports and performance of an audit for IBC companies.
There isn’t a public register of companies. Information about the directors and shareholders of companies is publicly inaccessible.
- Exemption from taxes;
- High confidentiality. There isn't an public information;
- There isn't requirement to prepare annual financial statements;
- Company registration can be carried out without personal attendance of the owner;
- IBC can be used for international trade, asset protection, as a holding or investment company, etc.
- Offshore jurisdiction is in the black list of many governmental and international organizations. This means that these countries pay more attention to the offshore companies.