Increase of the annual maintenance fee in the Marshall Islands

Effective 1st of April 2020: the yearly maintenance fee increases from US$450 to US$500 for all LLCs and IBCs. Partnerships and Foreign Maritime Entity (FME) are unchanged.

This increase is due to the cost of compliance with the Economic Substance regulations pushed by the European Union onto the Marshall Islands.

Talking about Sovereignty: do not be surprised Brexit happened. After all the Marshall Islands are not in the EU so it is easy to walk on them. It was written already: the Article 4(2) of the Treaty on European Union respects other Member States only.

Let’s send a big thank you to the European Union for making everyone US$50 poorer! Fortunately: that extra levy will go to the Marshall Islands (and not the EU!).