Republic of Marshall Islands (RMI) is an island state located in the subregion of Micronesia in the Pacific Ocean. Marshall Islands gained independence from the United States of America in 1986 and became a unitary parliamentary republic in free association with the US. This means that USA guarantees Marshall Islands full financial assistance and international defence. Head of state is the President of the Marshall Islands. Local currency is the US dollar. Official languages are Marshallese and English. Marshall Islands is a member of the United Nations, Pacific Islands Forum, and other international organisations.
Marshall Islands mainly depend on direct financial aid from the USA. The largest employer on the islands are the government. The local government prioritise the development of marine resources, and gain revenue from selling fishing rights to other countries and offering ship registration under the flag of Marshall Islands. Marshallese economy’s modern sector comprises, inter alia, banking and insurance services. Marshall Islands are also the first country in the world to launch its own official cryptocurrency.
Marshall Islands are considered a jurisdiction that does not comply with the international taxation requirements. Recently, the country responded to the European Union’s concerns by making commitments to “implement automatic exchange of information”, address “concerns relating to economic substance”, and comply with the BEPS (base erosion and profit shifting) minimum requirements. So far, OECD has classified Marshall Islands as “provisionally partly compliant” in tax cooperation matters.
Registration of ships and economic entities is carried out by the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries with the support of International Registries, Inc. (IRI) and its affiliates. The Registries are the second largest in the world by the number of entries. Entity search is available via IRI digital database. IRI headquarters are located in the US state of Virginia, and has offices in 28 locations all over the world.
The register is located in Switzerland; thus extracts can be legalised in Switzerland.
Business activities in Marshall Islands are regulated by, inter alia, the 1990 RMI Maritime Act, and 1990 RMI Associations Law, modelled after the corporate laws of the US state of Delaware.
Main types of businesses in Marshall Islands
What is a commercial register?
In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.
We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.
Contents of the register
Main extract available from the commercial register of Marshall Islands is a document called Marshall Islands Company Search Report. It comes in the English language and contains information about a company, relevant at the moment of the request.
- Full legal name (and former names)
- Registration number and date
- Type of business
- Legal address
- Current status (active/inactive)
- Main activity
- Registrar’s details
- Statutory documents
- Main activities
NB: Information about some companies may be unavailable. Information about directors and shareholders is not available to the public.
Other available documents
Certificate of Good Standing – an official document that confirms a company’s solvency, reliability, and right to do business in RMI. This certificate is only issued to companies that fully comply with the requirements in terms of taxation and financial reports submission.
Certificate of Incorporation – confirms company’s registration in RMI.
Articles of Association.
Search in the register is not free of charge. Search results are sent to you within 2-3 days after request submission.
To get a required document, we will need the following information about a company:
- Full legal name
- Registration number
An extract from the business register of Marshall Islands can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- File legal claims
Marshall Islands acceded to the The Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents on 18 November 1991.
Therefore, the documents issued in Marshall Islands are subject to a simplified apostilling procedure, thus the documents gain full legal value in Convention member states after notarised translation.
In addition, you can order notarised translation from English.
We provide extracts from the register in strict compliance with the legislation of the Republic of Marshall Islands and the General Data Protection Regulation.
Inquiries are processed within one working day. Courier delivery of apostilled documents is paid separately by courier service tariffs.
Our services can be paid by bank transfer, PayPal or by credit card.
You can order free preliminary availability check of required information on our website.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract||from 23,80 €||from 20,00 €|
|Price for an Extract with Apostille without international shipping||from 714,00 €||from 600,00 €|