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Service Contents

Geographical Position

Marshall Islands Country

- Located nearly midway between Indonesia and Hawaii, and are the easternmost island group in Micronesia

Government

- A highly dynamic parliamentary democracy

- Modeled after that of new Zealand but in American-fashion

- Chief minister and head of state bears the title of president rather than prime minister

- The executive branch is composed of the president and cabinet

- The legislative branch includes the Nitijela and a consultative council of Iroij (traditional leaders)

- The council of Iroij (chiefs) is a 12-member body that advises on matters affecting customary law and practice

- No formal political parties in the Marshall islands

- The judicial branch of the Marshall islands includes the supreme court, high court, district and community courts, and traditional rights court

- Trial is by jury or judge

Industry and infrastructure

- A stable business environment which is due in part to the long-standing U.S. involvement with the islands

- Economy is based on the U.S. dollar providing minimal currency fluctuations

- Air transportation is facilitated by two international airports, plus airstrips scattered throughout the larger islands

- There are twelve deep water docks for large ocean-going ships

- Excellent international communications provided by satellite links for telephone, fax and telex

- Financial services include the Bank of Guam and the Bank of Hawaii, in addition to more local banks

- Major islands have their own power plants and water systems.

- Commercial activities include: fishing, aquaculture farms, copra, and a rapidly expanding tourist trade

- Major tourist attractions include the world-class snorkel and scuba diving of submerged World War II wrecks, colorful reefs and exotic fish in

  clear warm water with visibility over 100 feet

Official Languages

- Marshallese and English

Corporate Requirement

- Director: At least 1

- Shareholder: At least 1

- Company secretary: Nil

-  Annual return: Nil

- Tax:     Nil

- Chinese Name: Yes

- Standard Capital: US$50,000 / no par value for 500

- Renewal date:      Incorporation date

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