Marshall Islands LP
Marshall Islands LP Key Features
- Limited partnerships may be foreign partnerships registered in the Marshall Islands as Limited Partnerships or local Limited Partnerships
- Both foreign and local Limited Partnerships can acquire non-resident or offshore status by conducting trade and offering their services strictly outside the Marshall Islands
- Marshall Islands Limited Partnerships have both general partners and partners with limited liability
- Limited partners have limited liability
- A limited partner is responsible for liabilities and obligations only if he assumed responsibilities as a general partner (such as managing and controlling the business) in addition to being a limited partner
- Provision is made in the Act to admit persons as general partners and to pay/give interest (split of profits or otherwise) without the general having made or being bound to make any contribution to the business
- Admission as a general partner is also possible under the condition that the person does not acquire any interest in the business; or as a sole general partner without contributing or acquiring interest in the business
Marshall Islands LP |
Corporate Details |
General |
|
|
Limited Partnership (LP) |
|
Yes |
|
Yes |
Share capital or equivalent |
|
|
USD |
|
Any |
Directors | Officers | Partners |
|
|
2 |
|
Yes (1 general partner/director) |
|
Yes (although limited partner details are confidential) |
|
No |
|
Yes |
Company Secretary |
|
|
No |
|
N/A |
Accounts |
|
|
No |
|
No |
|
No |
|
No |
- Exceptionally fast incorporation time of only one business day.
- All partnerships registered by non-residents and receiving its income outside the jurisdiction are statutorily exempt from taxation.
- No requirement to file financial statements or to complete annual returns.
- No currency exchange controls and capital can be expressed in any currency.
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers