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The Marshall Islands ... The company's licensing fees and legal advantages pushed out American and ... This may affect business conditions in the islands. [162 ...
Ministry of Development (MR) – Central Registration and Information on Business (CEIDG) [70] – company register for natural persons trading as sole traders or their civil law partnerships (searchable); such companies are prohibited from performing certain activities (e.g. operating a life insurance company), and proper agricultural activity ...
International Registries, Inc. (IRI) is a company based in Reston, Virginia, United States, which operates the flag of convenience ship registry and corporate registry of the Marshall Islands on behalf of the Republic of the Marshall Islands (RMI). [1] The company began as "Stettinius associates-Liberia, Inc.", a company founded in 1948 by ...
Ministry of Finance of the Marshall Islands is a government ministry in the Marshall Islands responsible for providing a management system for public finances to manage revenue and fiscal functions of the Government of the Marshall Islands. [1] The ministry was established in 1990 under the 11 MIRC Chapter 1 Financial Management Act. [2]
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[16] [17] The use of flags of convenience lowers registration and maintenance costs, which in turn reduces overall transportation costs. The accumulated advantages can be significant, for example in 1999, 28 of the American company SeaLand's fleet of 63 ships were foreign-flagged, saving the company up to US$3.5 million per ship every year. [13]
The Marshalls Broadcasting Company (MBC) is the national broadcaster of the Marshall Islands. It operates one radio station, V7AB (AM 1098, FM 97.9) and one television channel (MBC TV). MBC is owned by Robert Reimers Enterprises, a local conglomerate.
The modern sector consists of wholesale and retail trade; restaurants; banking and insurance; offshore companies registration; construction, repair, and professional services; and copra processing. Company formation in the Marshall Islands is available for residents and non-residents. Non-residents enjoy privacy benefits and zero local taxes.