CORPORATE
Corporate FAQs
Please contact any of our worldwide offices for additional information on the following topics.
What does an entity search reveal?
A corporate search will reveal the name of the corporation, the date of existence, amendments, and any other publicly filed document. Under RMI law, there is no requirement that the names of corporate officers, directors, or shareholders be filed in any public registry. Such information therefore remains confidential.
What is the standard share structure?
In the RMI, the share structure of a standard corporation is 500 registered and/or bearer shares of no par value stock or up to US$50,000 worth of par value stock. Par value may be denominated in any currency.
What are shelf companies?
Shelf companies are ready-made, never-used corporations that have been created to meet a client’s immediate needs. Shelf companies are available in the RMI.
Who acts as registered agent in the RMI?
The registered agent for RMI non-resident domestic entities is The Trust Company of the Marshall Islands, Inc. (TCMI).
Does TCMI provide directors?
TCMI does not provide nominee directors.
How many directors are required?
At least one director is required for all RMI corporations.
Which corporate officers are required?
All RMI corporations must appoint a Secretary.
When is capitalization tax assessed?
Capitalization tax is a one-time fee assessed at the time of formation or at the time of Amendment to the Articles of Incorporation, if the authorized share capital is above 500 registered and/or bearer shares without par value or US$50,000 worth of par value stock.
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