A party interested in forming a corporate entity in the Republic of the Marshall Islands (RMI) has an option to redomicile an existing entity into RMI.
The Corporate Registry of RMI continues to offer free redomiciliation (domestication) into RMI. Redomiciliation generally means that the corporate entity originally incorporated in another jurisdiction becomes an entity of the new jurisdiction (and governed by the laws of the new jurisdiction); it does not create a new entity. Some of the frequently asked questions on redomiciliation are answered here.
Seward & Kissel LLP, a preeminent U.S. maritime law firm, can assist any industry participant with the redomiciliation process and other Marshall Islands law issues. If you have any questions, please contact your Seward & Kissel relationship partner.