Marshall Island is part of the Micronesian Islands located in the Pacific Ocean. It has an estimated population of 62,000 and is considered as one of the fastest IBC registrars in the world with the Marshall Islands Companies and Maritime Registry being the 5th busiest in the world.
Marshall Islands Incorporation is one of the offshore company services made available by Rikvin, a top Singapore professional incorporation firm. Rikvin confidently announced that they made their way to cater Marshall Islands Incorporation and to provide service to all.
Marshall Islands acknowledged the existence of the advanced, innovative and competitive world by opening opportunities to limited liability companies in addition to the existing conventional business corporations, limited partnerships and conventional partnerships. This willingness and daring effort of Marshall Islands was recognized by Rikvin, thus making it listed in their complete corporate solution.
To give highlight to this another quality service of Rikvin, it was then emphasized how Marshall Islands Corporate Law directs the Marshall Islands Incorporation.
“Marshall Islands Corporate Law was patterned on the corporate laws of the states of Delaware and New York. Corporations are organized either in the US style with a president, secretary and treasurer or in the UK style with a managing director and corporate secretary.” Rikvin added.
After the Marshall Islands Corporate Law was discussed, Rikvin presented the common procedure for Marshall Islands Incorporation which is one of the most important things that need to be noted by the audience. Primarily, it was discussed how to choose a corporate name that is unique, desirable and will fit the brand of the company. It was emphasized that the corporate name should trigger name recall to its customers. It was also advised that two alternatives names are needed in case the first selection is not available.
The next procedure discussed is choosing the right directors for the company. Rikvin pointed out that, “There is no minimum number of directors for Marshall Island Incorporation. The corporation can either have only one director and one shareholder or it can specify more directors.”
Share structure was also discussed briefly and accordingly. It was noted that shares may be apportioned either in registered or bearer form, or a combination of both. Shares may either be of par value or no par value. A standard formation is 500 registered and/or bearer shares without par value or up to US$50,000 worth of par value stock.
The last step presented was the selection of business activity under the rule of the incorporator. The incorporator may choose to elect directors, appoint officers or take on by laws without having additional cost.
For more information visit:
Rikvin PTE LTD
Address: 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705