Marshall Islands shelf company/turnkey solutions in 2022
Within one day, Bejarano ADF Consultants can provide our Client i) a company name and number ii) a Marshall Islands company address iii) an international corporate bank account number and iv) a tax number. This solution is attractive to Clients that need a Marshall Islands entity on short notice, to close a deal or sign a sales contract;
Bejarano ADF Consultants’ fees
The average Marshall Islands shelf company costs US$9,780, which includes i) share transfers between the existing and new shareholders ii) a corporate bank account with internet banking activated iii) all government fees and iv) a virtual office address for 12 months. If our Client prefers a more reputable business address, Bejarano ADF Consultants can provide a Singapore virtual office address for invoicing purposes;
Corporate bank account considerations
- Bejarano ADF Consultants will provide full disclosure to international banks regarding i) the change in company business ii) the expected bank inflows and outflows iii) change of shareholders and directors and iv) change of beneficial owners. The banks’ internal Legal and Compliance Department need to complete their detailed due diligence procedures;
- The name of the already approved corporate bank account is that of the existing ready-made company. It is acceptable to change the company name and business activity, and keep the same corporate bank account number. Consequently, our Client is not forced to use the existing name of the shelf company for their customers;
- Bejarano ADF Consultants will only change the bank signatory after 100% of Client due diligence documentation is received by courier. Only after the sole bank signatory is legally changed to our Client, can you remit funds into the corporate bank account;
- Realistically, our Clients’ will be able to log into e-banking within 5 weeks from the time Bejarano ADF Consultants supplies the corporate bank account number, as outlined in the following table:
| Task | Time | Comment |
|---|---|---|
| Our Client signs the bank forms to appoint themselves as sole bank signatory and courier returns to Bejarano ADF Consultants Singapore office. | Week 1 | Our Client will need to visit their local bank branch to witness their signature |
| Bejarano ADF Consultants will provide full disclosure to international banks regarding i) the change in company business ii) the expected bank inflows and outflows iii) change of shareholders and directors and iv) change of beneficial owners. The banks’ internal Legal and Compliance Department need to complete their detailed due diligence procedures; | Week 2 | Depending on our Client business and nationality, there is a 20% probability the bank will reject the appointment of the new bank signatory |
| The bank legally approves the new bank signatory. Depending on our Client’s nationality and the nature of their business, the banks may take up to 3 weeks to approve and change the new bank signatory of the existing corporate bank account. | Week 3 | The bank Legal and Compliance Department complete their internal detailed due diligence and mail Bejarano ADF Consultants a formal letter confirming our Client is the sole bank signatory |
| The bank couriers the new e-banking tokens to Bejarano ADF Consultants office we immediately activate internet banking on our Clients' behalf. | Week 4 | It takes one week for the bank system to generate the new passwords and tokens for the new bank signatory. Usually our Clients' asks us the activate on their behalf |
| Bejarano ADF Consultants activates e-banking and sends a courier to our Client preferred address. | Week 5 | It usually takes 4 days for a courier to reach our Client. Usually our Client rings us to guide them to login to e-banking to insert their own preferred usernames and passwords |
| Bejarano ADF Consultants legally changes the company name (if required). Our Client will need to sign bank forms and courier return to us. | Week 7 | Bejarano ADF Consultants informs the bank to change the company name on the corporate bank account |
| Bejarano ADF Consultants informs the bank of the new company business activity, including expected cash inflows and outflows. Our Client will need to sign bank forms. | Week 9 | Bejarano ADF Consultants informs the bank of the new shareholders and directors and beneficial owners |
| Bejarano ADF Consultants appoints our Clients' preferred shareholders and directors to the shelf company. | Week 11 | We will email our Client and the bank the new updated Certificate in Incumbency |
| Bejarano ADF Consultants couriers our Client a complete company kit comprising original corporate documents. | Week 12 | The Client engagement is complete |
Engagement steps delivery dates
| No | Steps | Week |
|---|---|---|
| 1. | Bejarano ADF Consultants Compliance Team receives the required corporate and personal due diligence information from our Client; | 1 |
| 2. | Our Client signs Bejarano ADF Consultants engagement letter and returns the original to our Singapore Head Office. Our Client settles our fees; | 1 |
| 3. | Bejarano ADF Consultants provides our Client i) a company name and number ii) a company office address and tax id number iii) an international corporate bank account number and iv) a tax number. Our Client can inform customers and suppliers; | 1 |
| 4. | Our Client signs all bank forms regarding i) the change in company business ii) the expected bank inflows and outflows iii) change of shareholders and directors and iv) change of beneficial owners. | 1 |
| 5. | Simultaneously, our Client signs all legal forms to appoint the new company shareholders and directors; and change the business name if required; | 1 |
| 6. | The new bank signatory will need to travel to their local bank branch to witness their signature on the bank forms; | 1 |
| 7. | Our Client courier returns the originals signed documents to Bejarano ADF Consultants Singapore office; | 2 |
| 8. | Bejarano ADF Consultants submits a complete quality application to the bank, so the internal Legal and Compliance Department complete their detailed due diligence procedures; | 2 |
| 9. | The bank reverts to Bejarano ADF Consultants or our Client for additional information to approve the new bank signatory; | 2 |
| 10. | The bank approves the appointment of the new bank signatory and will courier new internet banking documents (login, password etc) to our Client. Bejarano ADF Consultants is no longer a bank signatory to this corporate bank account; | 3 |
| 11. | Bejarano ADF Consultants will courier the following to our Client:
|
5 |
| Our Client receives a courier from the bank comprising new internet banking information. Our Client activates the e-banking and views corporate bank account activity; | 6 |
