More information about Marshall Islands
There are 1,156 islands and islets in the Pacific Ocean which make up zero-tax jurisdiction of the Marshall Islands. A jurisdiction with zero-tax signifies that the islands differentiate between international business companies (IBCs) that are fully exempt from tax and locally trading companies which pay normal taxes. IBCs are also known as offshore companies, and today are a significant tool in tax and wealth strategizing.
In order to maintain an active registration status, the IBCs of the Marshall Islands only pay a flat rate regardless of how much generated profits they have made. The flat rate is included in the annual maintenance fees schedule shown above, which includes our fees.
Having a zero tax status also offers another significant advantage which is having all accounts and figures remain in a confidential status. The companies of the Marshall Islands are not obligated to publish their annual accounts or balance sheets, allowing the costs of CPAs and required auditing to be waived.
Savings of both time and money are a great benefit granted to Marshall Islands IBCs. Compared to all local business, you are able to save money on taxes, accounting fees, legal fees and administrative costs.
Even though the savings are more than enough to make IBCs an important way to hold on to your profits, we would like to note that you will also be saving time since incorporating offshore companies is a fairly easy procedure. There are no restrictions or permits, regulations or licenses needed for you to worry about. All of your attention and time can be dedicated to making sure your business runs smoothly instead of wasting your resources trying to fight the bureaucracy one may face elsewhere.
Although this may all seem too good to be true, it is actually a very trusted and established system. While some governments have previously been unsupportive of IBCs, with the intentions of persuading business owners from looking into offshore accounts, today all global corporations have proved that IBCs are being used in compliance with the law and have allowed major tax reductions. Companies like Apple or Google could not have reached their current sizes without the use of tax planning.
Another significant part of tax planning is the status of residence of the management. Apple and Google along with other large companies have many offshore employees and management team members, and this is a crucial factor of offshore structures. Sometimes with smaller companies there may not be enough of a budget to hire full time offshore staff. This is why OCQ gives companies the option, in our diamond package, to include shareholders and nominee directors. With this option the management will be offshore just as the company is, but control and ownership will remain with you.
Because of the strong bonds between the Marshall Islands and the maritime sector, companies on the islands are regularly used for charter and yacht ownership. For other business related activities, we often suggest Belize, which benefits from better reputations with banks.
What makes OCQ the ideal partner for your IBC? We are very much aware of all the needs of all the parties involved in these operations. We understand what is required by the registrar to incorporate a company, we have knowledge on what banks better suit different clients. Above all else we know that our clients are looking for quick, simple and inexpensive ways to register their IBCs. We will not bombard you with paperwork online or off.
We are excited to answer all of the questions you may have, and our experienced and qualified team members are always available to help: firstname.lastname@example.org.