Marshall Islands Company Formation

Like a lot of other entrepreneurs, you may have thought of expanding business operation in foreign nations. However, there is no fixed rule that you will have to select a large and popular country for venture expansion. It is also fine if you take business to a small and relatively lesser known country- provided the environment there is suitable for business. You can try out Marshal Islands in this regard. Named after John William Marshall, a British Naval Captain it is situated in the Pacific Ocean, it is comprised of small coral islands spread over 70 square miles. The small size and population of the island is not deterrent for setting up business. You can check out our Marshall Islands Comp. Formation packages too.

The economy and business prospects of the country have improved since it gained independence back in 1986. The local currency is USD and this is also ideal for business perspective. A majority of the population speaks English and so hiring workforce with proficiency in English should not be tedious.

When you expand business activities in a new country, the last thing you want is unwanted delay caused by bureaucracy. In Marshall Island, this issue does not exist. The reality is you can complete the formalities of company formation in about a week. This may sound like music to any foreign investor! You will get assistance from the Office for Commerce & Investment.

The legal infrastructure of Marshall Island is also ideal for setting up ventures. You can opt for setting up Limited Liability Partnerships and Partnerships without hassles. The govt is stable and the island is relatively free of crime rates and political turbulence. It receives annual aid from the USA and it will continue until 2023.  The corporate tax rate is low.

Businesses dealing with various niches can try out the island country given the fact many niches are yet to be explored here. Companies dealing with agricultural products, fishing and handicrafts can prosper here. However, growth of technological sectors has been limited and such companies can set up operations here. You may gain by seeking expert consultancy while setting up a venture here. Our Marshall Islands Comp. Formation packages may be of use.

Initially, you may not face many hurdles in starting a business in Marshall Islands. However BRIS group can make your task simpler. Check out our Marshall Islands Comp. Formation packages today.