Redomiciliation of companies in the Marshall Islands

The re-domiciliation of companies in the Marshall Islands is a pressing issue.

You should not close your offshore company if it no longer brings you income, but, on the contrary, has become a source of additional problems.

You will be able to use the company for many more years and make a profit. All you need is to move your organization to the Marshall Islands.

We resurrect the offshore

Being the owner of a classic offshore company is becoming less and less profitable, thanks to deoffshorization and the most severe measures of states playing a leading role in the international arena, as well as international organizations.

The reason for this, firstly, was that all the benefits from this or that company are offset by the difficulties of owning it.

As an example, the following situation can be cited: is it necessary to use a 0 rate for taxation if the organization itself is not able to open a bank account?

Or are data protection algorithms needed if any of the companies is not ready to start cooperation with you because of fears of being accused of money laundering?

Due to the fact that the classic offshore is now experiencing exorbitant stress, companies are beginning to restructure at a very fast pace.

But not everyone succeeds so easily. However, there is still hope for the offshore business. So to speak, the “life buoy” for such companies is now the Marshall Islands, which have successfully fitted into the realities of the modern world.

Redomiciliation of companies. Found the most suitable offshore for the 21st century

How does a classic offshore company attract honest and decent businessmen?

1. Low and even 0 rates for corporate tax – The Marshall Islands is a place where the required corporate payment is 0.
2. The flexibility of legislation and company – partnerships Marshall Islands, international business companies and LLCs can be tailored to almost any activity.
3. Protection of personal information – the register sheet on the Marshalls is closed, therefore, the data on the beneficiaries is not available to third parties.
4. Opportunity to enter the international market – the islands are recognized all over the world, moreover, they are associated in the States, and this provides some opportunities for entering the American markets.

What else should be said – the Marshall Islands have an excellent reputation for jurisdiction. The FATF ranks the Marshalls as compliant with its anti-money laundering and terrorist sponsorship standards.

The EU removed the Marshall Islands from the list of countries not recommended for cooperation, and then France did it.

Opening an account in the Marshall Islands

It will be quite natural to be interested in whether it is possible to open a corporate account on the Marshalls.

Since the islands have an excellent reputation, dealing with banking institutions is greatly facilitated, however, opening an account is still a laborious and time-consuming procedure.

The bank will check you very scrupulously, so the whole operation can take months.

Therefore, it is more advisable to open a corporate account in a particular payment system. The payment system is selected individually for each client.

Offshore re-domiciliation

Redomiciliation is not the opening of a new organization, but the transfer of an old company. The only thing that changes is the domicile and you will be required to comply with the laws of the Marshall Islands.

First, check if there are any restrictions on redomilation in your country. Then prepare the following list of papers:

• copies of corporate documents approved by a notary (Articles of Association, etc.);
• certificate of proper solvency;
• Articles of Domestication and Articles of Incorporation are processed in accordance with the requirement of the Marshall Islands.

Our highly professional specialists from Eternity Law International will be happy to provide you with assistance in resolving this issue.