
A nominee director can be appointed on behalf of an interested party. He/she acts as company director but in a passive role.
A nominee shareholder holds the legal title to the shares in a company on behalf of the beneficiary owner. He/she has no claim over the shares but his/her credentials appear for official registration purposes.
A check carried out by a notary and a certification granted by the government (where your company shall be based) that your documents are authentic. Mandatory if you are opening an offshore bank account
If you have opted for a Nominee Director, a Power of Attorney may be appointed to take decisions on behalf of the company
Name reservation is typically included in the professional service fee. However, if you wish to reserve a name independently before starting the full process, it costs differently. For additional assistance, contact a business expert.
No, BSW prioritizes transparency; the primary cost of setting up a company in the Marshall Islands includes all core documents needed for immediate operation. You should only budget for optional add-ons if required, such as corporate bank account opening assistance or nominee services, and plan for an annual renewal fee starting in your second year.
The standard English names are included in the base fee. However, adding a secondary Chinese name typically adds extra to the cost of setting up a company in the Marshall Islands.
If you need to open a bank account outside of the Marshall Islands, an apostille set is usually required. The costs vary depending on the number of documents apostilled.
You may choose to open an offshore company and bank account in a jurisdiction of your choice. However, you have no obligation to select a bank from the abovementioned list and may opt for another bank of your choice. BSW is not proposing any banking services; we are proposing an introduction service that includes preparing the application form and business plan and submitting both files to the bank. Accepting the same is at the sole discretion of the bank authorities.
Bank account opening applications are subject to mandatory due diligence by the bank and clauses under national and international (FATF) standards, mainly to prevent money laundering. The content on this page must not be interpreted as a proposition to waive any due diligence or adherence to standards.