fbpx

15 Countries Where Billionaires Hide Their Money

28 July 2016

14. Marshall Islands

Where Do Billionaires Hide Their Money? | Marshall Islands
Where Do Billionaires Hide Their Money? | Marshall Islands | source: panoramio.com

The Republic of the Marshall Islands is a 181-square-km archipelago in the middle of Pacific Ocean. In spite of its small size, it has become a popular jurisdiction for offshore companies.

Any company registered in Marshall Islands but conducts its business elsewhere and collects no locally sourced profits is 100% free from taxes. Isn’t that sweet?

Besides that, setting up a company to be registered in Marshall Islands is relatively easy. In fact, it can be done remotely and in a jiffy. Consultants stand by 24 hours a day to assist you in completing the registration online in just one day.

The identity of the company owners, directors, and stakeholders remains confidential. It is because the registers are not available for public inspection. In addition, there is no requirement to file annual accounts.

Marshall Islands is listed on “Gray List” of OECD (Organization for Economic Co-operation and Development). Thus, like all countries on this list, Marshall Islands may seem as tax havens but it is committed to implementing the organizations international tax standards.

Next page