In short
A Marshall Islands company that doesn’t do business there is exempt by law from local taxes. It files no tax return and needs no audit. You still report and pay tax where you live.
Facts checked November 2026
Marshall Islands company formation
A Marshall Islands corporation or LLC under Delaware-style law, filed with the Registrar through the national registered agent.
Corp or LLCfrom $1,299 one-time
- 2–7 days after KYC
- 0% local tax
- Delaware-style law
At a glance
- Company types
- Corporation from $1,299 · LLC from $1,299
- Corporation
- At least one director and a secretary, of any nationality. No local director is needed.
- LLC
- Run by its members or managers, who can be people or companies. The operating agreement isn’t filed.
- Registered agent
- The Trust Company of the Marshall Islands in Majuro acts for every non-resident company. Included for year one.
- Shares
- Standard is 500 no-par shares or up to $50,000 of par value. More triggers a one-time capitalization tax.
- Records
- Accounting, owner and beneficial owner records, kept 5 years and given to the agent within 60 days on request.
- EU status
- Not on the EU blacklist or grey list as of 9 October 2026.
- Every year
- The government fee on your anniversary date and an economic substance report within 12 months.
- Timeline
- 2–7 days after KYC
Taxes, explained simply
Your company pays
-
0%
Corporate income tax
Non-resident companies are statutorily exempt from Marshall Islands taxes.
-
None
VAT or sales tax
The exemption covers non-resident companies, which don’t trade in the Marshall Islands.
-
No audit
Accounts
Keep reliable accounting records for 5 years. No audit is required.
You personally
-
0%
Tax withheld on dividends
Nothing is withheld on dividends, interest or royalties the company pays out.
-
CRS
Information exchange
Banks report accounts to your home tax authority under the Common Reporting Standard.
0% in the Marshall Islands isn’t 0% for you. Your home country may tax the company’s profit under controlled foreign company rules, or treat it as resident if it is managed from there. Holding, finance, IP, distribution and similar income can bring economic substance tests.
How it works
-
Form your company
Corporation or LLC, filed with the Registrar through TCMI.
You get: Marshall Islands company
-
Get a registered agent
TCMI in Majuro is the agent every Marshall Islands company must have.
You get: Majuro agent
-
Appoint director and secretary
One director and a secretary, any nationality, no residency needed.
You get: Certificate of incumbency
-
Open bank or EMI
We introduce you to a bank or EMI and prepare your file.
You get: Bank-ready file
-
Stay compliant
Yearly government fee and economic substance report, records kept.
You get: Deadline reminders
What’s included
Fixed one-time prices. Government fees are shown before you pay.
Explorer
$1,299one-time
Marshall Islands Corp, gov. fees included
- Articles and Registrar filing
- Year-one registered agent in Majuro
- Digital company documents
- Compliance reminders
- Email support
Go
$1,699one-time
Marshall Islands Corp, gov. fees included
Everything in Explorer, plus:
- Bank or EMI introduction
- Certificate of incumbency
- First economic substance report
- WhatsApp support
Pro
$2,299one-time
Marshall Islands Corp, gov. fees included
Everything in Go, plus:
- Multi-bank support until an account opens
- Apostilled document set
- Priority support, same-day replies
Then $1,099 a year from month 13.
What you’ll need
- Certified copy of the passport of every shareholder, member and director
- Certified proof of address for each of them. We send the wording for the notary or lawyer
- Source of funds, such as a statement or bank reference
- Two name choices. We add Inc., Corp., Ltd or LLC
- What the company will do, in plain words. Virtual asset services aren’t allowed
Banking
- There are no local banks for these companies. Go includes a bank or EMI introduction abroad, and Pro adds multi-bank support until an account opens.
- Banks ask for an apostilled certificate of incumbency and good standing.
- On Explorer, add bank account help for $199.
Approval is always the bank’s or provider’s decision.
After formation: what’s due
| When | What |
|---|---|
| Anniversary date | Government fee, with the yearly confirmation that company records are kept |
| 12 months after anniversary | Economic substance report on the Registrar’s portal, even with no relevant activity. Included in Go for year one |
| Within 60 days of a request | Accounting and ownership records to the registered agent |
| Every year | Registered agent renewal, in our $1,099 annual plan from month 13 |
Marshall Islands company formation FAQs
How long does it take to form a Marshall Islands company?
The Registrar can form a company in one business day. Allow 2–7 days including identity checks.
Do I need a local director?
No. One director of any nationality and a secretary are enough for a corporation. The registered agent in Majuro is mandatory and included for year one.
How much tax does a Marshall Islands company pay?
A non-resident company is exempt by law from Marshall Islands taxes, files no tax return and needs no audit. You may still owe tax where you live.
Corporation or LLC?
A corporation suits trading, holding and investors. An LLC gives flexible profit sharing and management, and members can be people or companies.
What do I file every year?
The government fee on your anniversary date and an economic substance report within 12 months. Missing the report suspends services and can end the company.
Who keeps the ownership records?
The company keeps its legal and beneficial owner records and gives them to the registered agent within 60 days of a request.
Can you help me open a bank account?
Yes. Go includes a bank or EMI introduction, and Pro adds multi-bank support until an account opens. Approval is always the bank’s decision.
Can I move my existing Marshall Islands company to you?
Yes, for $290 plus the annual plan. Your current provider must confirm no fees are owed.
Sources (8)
Rates and fees from official and Big Four sources, with the date each was last reviewed.
- Registrar of Corporations: general information 13 Nov 2026
- Registrar of Corporations: corporate FAQs 13 Nov 2026
- Registrar of Corporations: LLCs 13 Nov 2026
- Registrar of Corporations: economic substance FAQs 13 Nov 2026
- RMI guidance on economic substance As amended
- RMI guidance on beneficial ownership records Nov 2018
- Registrar of Corporations: Associations Law updates 13 Nov 2026
- KPMG: EU list of non-cooperative jurisdictions 9 Oct 2026
General information, not legal or tax advice. Rates and fees change, and your own situation decides what applies. We are not a law firm; where a lawyer or licensed agent is needed, a local partner handles it.
