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Ease of Doing Business in

Marshall Islands

Marshall Islands Download Profile (1604.8KB, pdf)
Region East Asia & Pacific
Income Category Upper middle income
Population 52,993
GNI Per Capita (US$) 4,241
City covered Majuro

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 143 137 down
6
51.92 51.90 down
0.02
Starting a Business 70 68 down
2
88.41 88.38 up
0.03
Dealing with Construction Permits 79 75 down
4
70.77 70.72 up
0.05
Getting Electricity 126 125 down
1
59.14 59.10 up
0.04
Registering Property 187 187
-
0.00 0.00
-
Getting Credit 82 78 down
4
50.00 50.00
-
Protecting Minority Investors 175 176 up
1
31.67 31.67
-
Paying Taxes 82 81 down
1
73.45 73.45
-
Trading across Borders 64 62 down
2
80.59 80.59
-
Enforcing Contracts 99 98 down
1
55.93 55.93
-
Resolving Insolvency 167 167
-
9.19 9.19
-

DB 2017 Rank: 70

DB 2016 Rank: 68

Change in Rank: down2

DB 2017 DTF (% points): 88.41

DB 2016 DTF (% points): 88.38

Change in DTF (% points): up0.03

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: USD 0
City: Majuro
Indicator Marshall Islands East Asia & Pacific OECD high income
Procedure – Men (number) info_outline 5.0 7.0 4.8
Time – Men (days) info_outline 17.0 23.9 8.3
Cost – Men (% of income per capita) info_outline 12.5 19.0 3.1
Procedure – Women (number) info_outline 5.0 7.1 4.8
Time – Women (days) info_outline 17.0 23.9 8.3
Cost – Women (% of income per capita) info_outline 12.5 19.0 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 12.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Check the uniqueness of the proposed company name

    Agency: Registrar of Corporations

    The Registrar of Corporations performs a name search.
    1 day USD 100
    2

    Have company charters and documents notarized

    Agency: Notary

    Notarization can be done at the Attorney General’s Office.
    2 days on average USD 10
    3

    Register the company with the Registrar of Corporations

    Agency: Registrar of Corporations

    The Marshall Islands Rules of Civil Procedure Part IV provides the Law on Limited Liability Companies. LLCs file a certificate of formation and they have LLC agreements setting forth how the LLC will be operated, managed, and distributions divided.
    5 days USD 250
    4

    Obtain the employer identification number at the Social Security Administration

    Agency: Social Security Administration

    The employer identification number is also the company’s tax identification number.
    2 days USD 20
    5

    Apply for a business license

    Agency: Municipality

    The entrepreneur needs to file a company charter along with an application form for a business license. The local government issues the business license in about 7 business days.

    Representative fee schedule for a business license (in Majuro):
    - Retail business license: USD 150
    - Banks: USD 5,000
    - Professional: USD 3,000
    - Hotels: USD 500
    7 days USD 150, depending on numbers and types of licenses