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Overseas company knowledge base

──Apr 03 , 2024Does Marshall Company need to file a tax return?

       Marshallese is one of the most popular places to register offshore companies, because tax exemption is one of the benefits of offshore companies registered here.
       Like most offshore companies, the registration of Marshall companies is very simple: you only need to provide the company registration application form, personal information consent and personal identification documents. After the company is registered, it can issue bearer shares, keep shareholder and director information confidential, and Marshallese-registered offshore companies are not subject to foreign exchange regulations, as long as they do not operate locally, there is no need to make accounts and audit tax returns.

       However, it is important to note that companies registered in the Marshallese need to operate legally and comply with local laws and regulations. The company must not engage in illegal activities, and must carry out annual inspection of the company every year, if the company does not annual inspection, not only will there be fines, more likely to be cancelled.

       In summary, the tax system of Marshallese companies is very simple, and after registering a company here, the tax burden of the company can be reasonably reduced through the local tax policy. However, foreign investors need to comply with local laws and regulations to operate the company legally.

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