Marshall Islands · No FX licence
Marshall Islands: company registration, no forex licence
Fast, private and tax-exempt, but with no regulator for forex and the weakest credibility with banks, liquidity providers and payment providers. Information only.
Updated
The Marshall Islands has no securities or forex regulator that licenses offshore brokers; brokers simply register a non-resident domestic corporation or LLC in days. There is no licence, no investor protection and limited acceptance by banks, PSPs and platform vendors.
Key facts
| Regulator | None for forex; companies registered via the Registrar of Corporations |
|---|---|
| Licence | None |
| Legal basis | Business Corporations Act (Delaware-style) |
| Entity | Non-resident domestic corporation or LLC |
| Typical timeline | Days |
| Capital | None |
| Tax | Non-resident entities exempt from local taxes |
| Recognition | Weakest: company registration only |
| Client markets | No regulatory permission for any market |
| EU passport | No |
| Our service | On request via partners |
Indicative information for comparison only, reviewed on the date shown. Requirements change and depend on your structure; confirm with the regulator and local counsel before deciding.
Overview
The Marshall Islands offers a fast, Delaware-style company registration but no forex licensing regime. A Marshall Islands company is not a regulated broker.
Brokers who need a company-only route usually prefer Saint Lucia, which is more widely accepted for MT5 applications.
Substance and people
- Registered agent
- Economic substance rules for relevant activities
Ongoing obligations
- Annual verification and fees
- Beneficial ownership information
Advantages
- Fast
- Low cost
- Flexible company law
Drawbacks
- No licence or investor protection
- Weakest credibility with banks, LPs and PSPs
- History of EU tax listing
Recent changes
The Marshall Islands is not on the FATF grey list or the EU tax list as of 2026.
Frequently asked questions
Is there a forex licence in the Marshall Islands?
No. Companies can be registered, but there is no forex licensing regime.
Official sources
Primary sources we rely on. Rules change; always confirm current requirements with the authority.
Similar jurisdictions
St Vincent & the Grenadines
Financial Services Authority (FSA), SVG — does not license forex
None; a foreign licence must be filed since 2023
View profileSaint Lucia
None for forex (FSRA states forex business is not licensed)
None; International Business Company only
View profileComoros – Mwali
Mwali International Services Authority (MISA), island-level
International Brokerage and Clearing House licence
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