The Marshall Islands has long been drawing the attention of online casino owners. Zero taxes and rapid development of the country’s financial sector make the Marshall Islands offshore jurisdiction a great opportunity to optimize tax costs and successfully expand the business.
Despite its proximity to the United States, the Marshall Islands is in many ways a classic offshore territory offering all the benefits of a tax-free jurisdiction to foreign businesses. Income, dividends and capital gains are exempt from taxes. Additionally, the country has no foreign exchange controls. English is the official language and the US dollar is the national currency which greatly facilitates international operations.
Offshore companies in the Marshall Islands are similar to the US or British ones. Companies in the Marshall Islands that provide services outside the country are exempt from taxes, plus there’s no need to submit financial reporting. An important requirement, though, is to pay an annual fee.