Marshall Islands corporations are easy to form and administer. If standard Articles of Incorporation are used, a company may be formed in one day.

Names may be in any language as long as Roman characters are used and any standard corporate suffix is acceptable. The following words cannot be used in the name of a Marshall Islands corporation: 'TRUST', 'BANK', 'INSURANCE'. Furthermore, words such as 'Foundation', 'Charity' and others may be prohibited pursuant to the discretion of the Registry. Two alternative names for the corporation should be included in the event that the first selection is not available. Name clearance may be achieved over the telephone, fax or by e-mail through any IRI office. Names may be reserved at no cost for up to six months in advance of formation.

Step Two: Number of directors.

As there is no minimum number of directors for Marshall Islands corporations, you may have only one director (and one shareholder). Please specify the number of directors you would like to have for your corporation.

Shares may be issued either in registered or bearer form, or some combination of both. Shares may be of par value or no par value. Par value shares may be denominated in any currency. A standard formation is 500 registered and/or bearer shares without par value or up to US$50,000 worth of par value stock.

Step Four: Organizational activity. If instructed at time of incorporation, the incorporator may take the following actions at no additional cost:

• Elect directors
• Appoint officers
• Adopt Bylaws