The Republic of the Marshall Islands becomes the jurisdiction of choice for publicly trade companies in the USA.
For the past couple of years, Marshall Islands companies have led the way in new shipping company IPOs (initial public offerings) on both the NYSE and NASDAQ in New York. With a dozen Marshall Islands shipping companies now publicly trading and more to come, it is clear that professionals, such as lawyers, bankers and underwriters, trust the reputation of the Marshall Islands Corporate Registry and the corporate law of the Marshall Islands.
This corporate law, known as the Republic of the Marshall Islands Business Corporations Act, is modeled on the corporate law of the U.S. state of Delaware, which is widely regarded as the most progressive and successful onshore corporate jurisdiction in the world.
Lawyers in particular appreciate the flexibility and dependability of the Marshall Islands corporate program. According to Mr. Antonios Backos, who is a partner at the successful New York law firm of Healy & Baillie, LLP, the Marshall Islands has become the jurisdiction of choice for offshore public companies because "As corporate governance issues increase in importance for public and private companies alike, having a set of rules in an offshore jurisdiction that is more akin to current Delaware law facilitates boards and their advisors in developing best corporate practices."
The Marshall Islands presents the best of all worlds for those interested in an offshore jurisdiction that can meet all of their needs. Since the Marshall Islands has a statutory provision in its law that exempts all offshore Marshall Islands companies from taxation in the Marshall Islands, Marshall Islands offshore companies enable investors and other professionals to save a tremendous amount of money while they can be assured that the legal system of the Marshall Islands will continue to be recognized and respected worldwide.
More information can be found at:
Marshall Islands Company Incorporation Information:
www.register-iri.com.hk/company-incorporation.html
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