Marshall Islands Limited Liability Company Formation Service

Limited Liability Company

Limited Liability Company (LLC) in RMI is a flexible corporate body for conducting international business for tax benefit and better privacy protection. For example, LLC members are protected from personal liability in excess of their capital investment; Profits sourced outside of RMI is exempted from tax; Confidentiality of shareholders, members, directors, managers, and officers of LLCs are no public.

In the market of international business services, the LLC of RMI is the low-cost alternative in term of administration and formation to the business entities offered by other offshore jurisdictions.

Non-English Filing

In addition to English, Spanish and Chinese are acceptable in the company name and the company’s Articles of Incorporation.

Anonymity

Members can choose not to participate in the running of the business affairs, they can optionally appoint one or more managers to run the LLC. Moreover, members’ identity are not in any documents filed with the RMI Registrar and thus are never part of the public records.

No Taxes

RMI LLC is a tax-free entity as long as they do not conduct business in the Marshall Islands. In fact, all non-resident companies are exempt from having to pay any taxes to RMI government.

No Audit

Audited financial accounts is not required. In fact, the RMI government does not require any accounting and audit procedures, the LLC is free to choose any accounting standard to follow.

No Meeting

Annual general meetings are not required for either shareholders or the board of directors. If they meet, they can meet anywhere.

No Minimum Authorized Capital

In addition, the LLC can choose to allot “no-par value” shares, bearer shares, and registered shares.

Series LLC

The RMI Limited Liability Company Act, which is a clone from the company laws of Delaware, allows the creation of Series LLC (SLLC).

A Series LLC is exactly one LLC. By the laws, it is a LLC containing separate units that operate independently from the other units. Each unit works individually and is isolated from the liability exposure of the different units of the same SLLC.

From the viewpoint of the LLC owners, they can own and modify multiple units under the umbrella of one LLC, each unit has different assets, different members, and thus differnt risk portfolios. SLLC can give the convenience and confidentiality of the effort of forming one LLC. For example, the renewal of only one “master” LLC is needed rather than that of individual units.

Requirement

• No nationality restriction of shareholders and directors
• Corporate shareholders and directors are acceptable.
• Minimum one shareholder and one director, and shareholder and director can be same entity.
• Company Name in English and Chinese are acceptable.
• Copy of ID / Passport of directors, shareholder and company secretary
• Shareholding structure. We recommend 1) 50,000 registered shares with a par value of US$1 per share, or 2) 500 registered shares without par value.
• The members of LLC can designate Manager(s) as the representative to run the business of the LLC.

Service Scope

• RMI incorporation agency services
• RMI company secretarial services
• RMI local address service
• Incorporation handling
• Document services:
  • Certificate of Formation (issued after incorporation of the LLC)
  • Operating Agreement (official document defining the economic organization, management responsibilities and other arrangements for members or owner of the LLC)
  • Declaration of Incumbency (issued to certify the good standing of the LLC)

Service Fee

We can incorporation Limited Liability Company (LCC) of the Republic of Marshall Islands (RMI) with your choice of company name, contact us for quotation.