Valsen Corporate

Marshall Islands LP

  • A partnership is registered pursuant to the Republic of the Marshall Islands (RMI) Revised Partnership Act through the filing of a Certificate of Partnership Existence with the Registrar of Corporations. The Certificate may be very general in nature, but must include the name of the partnership, the contact information of the Registered Agent, and a statement that the partnership will file a Certificate of Dissolution following the dissolution of the partnership. Similar to a general partnership, the LP allows for flexible allocation of profits and losses and other distributions.
    Marshall Islands LP Key Features
    1. Limited partnerships may be foreign partnerships registered in the Marshall Islands as Limited Partnerships or local Limited Partnerships
    2. 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
    3. Marshall Islands Limited Partnerships have both general partners and partners with limited liability
    4. Limited partners have limited liability
    5. 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
    6. 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
    7. 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 Legal Requirements

    Marshall Islands LP

    Corporate Details

    General
    • Type of Entity

    Limited Partnership (LP)
    • Registered Office in Marshall Islands

    Yes
    • Shelf company availability

    Yes

    Share capital or equivalent
    • Standard currency

    USD
    • Permitted currencies

    Any

    Directors | Officers | Partners
    • Minimum number

    2
    • Local required

    Yes (1 general partner/director)
    • Publicly accessible records

    Yes (although limited partner details are confidential)
    • Location of meetings

    No
    • Corporate directorship allowed

    Yes

    Company Secretary
    • Required

    No
    • Local or qualified

    N/A

    Accounts
    • Requirements to prepare

    No
    • Audit requirements

    No
    • Requirements to file accounts

    No
    • Publicly accessible accounts

    No
    Marshall Islands LP Tax Treatment Marshall IslandsLP is not subject to tax on foreign sourced income. Marshall Islands LP Duration to Set- up 1 -3 Working Days Marshall Islands LP Distinctive Benefits
    • 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.
    The Valsen Advantage
    1. End to end comprehensive service
    2. Speedy and efficient service
    3. Expert advice on structuring options
    4. Dedicated ongoing compliance support
    5. Extensive network pool of service providers