Marshall Islands: Types of Company
This page was last updated on 24 January 2020.
The Marshall Islands Associations Law, adopted in 1990, is modelled on the corporate laws of the states of Delaware and New York, and was modified to include all the necessary characteristics of an offshore jurisdiction, such as bearer shares, facsimile filings, and execution of documents without notary affidavits.
The Associations Law includes the Business Corporations Act, Revised Partnership Act, Limited Partnership Act and Limited Liability Company Act.
There are no requirements in the Marshall Islands for annual returns or filings, and there is no public register containing the names of directors or shareholders.
In 1990, the Trust Company of the Marshall Islands, Inc. and Marshall Islands Maritime & Corporate Administrators Inc., affiliates of US corporation International Registries Inc. (IRI), entered into a legislatively endorsed joint venture agreement with the Marshallese government to administer its maritime and corporate programmes.
Incorporation and registration of Marshallese non-resident (i.e. offshore) companies or partnerships is carried out through any of the world-wide offices of International Registries, Inc. a deputy registrar of corporations is based at each one of IRI's offices and can issue all necessary corporate documentation.