The Republic of the Marshall Islands ("RMI") is a tax-neutral Pacific jurisdiction whose corporate registry is run by the Registrar of Corporations through International Registries, Inc. ("IRI"), under the Associations Law of 1990 (including the Business Corporations Act). It is distinctive for a 0% offshore regime, US/UK-modelled corporate law, and the world’s first sovereign DAO LLC framework.
Most international founders use the Non-Resident Domestic Corporation ("NRDC", often called an IBC) under the Business Corporations Act. Alternatives include the LLC and limited partnership, and the DAO LLC under the DAO Act 2022 (with 2024 Regulations) for decentralized autonomous organizations.
There is no minimum capital, and a single person of any nationality can hold all roles, with no residency requirement; director and shareholder identities are kept with the registered agent rather than on a public register. A licensed registered agent (IRI) in the Marshall Islands is mandatory and provides the registered address. An NRDC typically incorporates within 24 to 48 hours; a DAO LLC takes longer due to smart-contract review.
Non-resident entities are statutorily exempt from all RMI taxes on income sourced outside the Republic — 0% corporate income tax, capital gains, withholding, and VAT — with no exchange controls. There is no obligation to file annual accounts or returns, though companies must keep financial records and comply with the Economic Substance Regulations 2018 where they carry on a "relevant activity". The RMI participates in FATCA (but not CRS).