Corporate Services
Move an existing company to the Marshall Islands.
Redomiciliation moves a company's home to the Marshall Islands without forming a new one. The company keeps its name and the date it was first incorporated. We run the move from start to finish, including the company's exit from the BVI.
What it is
What changes when a company redomiciles?
The law that governs it. A redomiciled company is the same company: its name and the date it first came into existence stay the same, and from the day of filing it continues under the Marshall Islands Business Corporations Act.
- No new company is formed, so there is nothing to wind up and no assets to transfer.
- The original date of incorporation carries over, and the company's history with it.
- A name that does not meet Marshall Islands naming rules must be amended within 90 days.
Who can move
Which companies can move to the Marshall Islands?
Any foreign company, partnership or LLC, as long as the law of its current home does not expressly prohibit the move. The Articles of Domestication certify exactly that.
Some activities are closed to a Marshall Islands company, including banking, insurance, fund management, trust services, forex and virtual assets. We check the business against the full list before anything is filed.
From the BVI
How does a BVI company leave?
Section 184 of the BVI Business Companies Act lets a company in good standing continue under the law of another jurisdiction. Only its BVI registered agent can make the filings, so we instruct the agent and run the timetable.
- 01
Resolution
The directors or the members approve the continuation, as the company's memorandum and articles require.
- 02
Notices
Notice goes in the Gazette and on the company's website naming the Marshall Islands, and to members and creditors in writing.
- 03
Notice of intention
At least 14 days later, the BVI agent files a notice of intention to continue out, with a declaration of compliance.
- 04
Marshall Islands filing
The company files its Articles of Domestication with the Marshall Islands registry.
- 05
Notice of continuation
The BVI agent files notice with the BVI registry that the company has continued in the Marshall Islands, with the Marshall Islands certificate.
A charge that has not been released does not stop the move. The chargee must have been told and consented or not objected, or the move must not prejudice it.
The steps
How does the move run?
Every move runs through the same seven stages, and we track each one on our own platform.
- 01
Intake
We ask what we need to know: the company, its people, any charges over it, and the Articles it wants in the Marshall Islands.
- 02
Due diligence
Identity checks on every director, officer, shareholder and beneficial owner, and the registered agent's acceptance of the appointment.
- 03
BVI exit preparation
The BVI agent confirms good standing, publishes the notices and files the notice of intention to continue out.
- 04
RMI filing pack
We draft the Articles of Domestication, the new Articles of Incorporation and the resolution, ready to sign.
- 05
Filing with IRI
The signed documents are filed with the Marshall Islands registry.
- 06
BVI discontinuance
The BVI agent files notice that the company has continued in the Marshall Islands.
- 07
Close-out
The registers, the corporate kit and the annual filing calendar are set up for the company in its new home.
What we need
What do you need to provide?
- The company's name, company number and date of incorporation.
- A certified copy of its memorandum and articles, with every amendment. Your BVI agent can supply it.
- A recent certificate of good standing.
- Identification and proof of address for each director, officer and shareholder, and each beneficial owner holding more than 25%.
- Details of any charge over the company that has not been released.
- Signatures on the resolution and on the Marshall Islands Articles.
Cost and tax
What does it cost, and what about tax?
Cost depends on the company: its current registry, its shares, any charges, and what it needs in the Marshall Islands. We scope each move and quote it on enquiry.
The Marshall Islands is tax-neutral, but moving there does not change the tax rules of the countries where the company or its owners are resident. Take advice on your own position before you move.
Questions
Questions we are asked
Enquiry
Tell us about the company.
Its name, where it is registered now, and why it is moving. We reply within 48 business hours.
Corporate services are administrative services, not investment or tax advice, and are provided separately from YMC Capital's investment management business.