Marshall Islands · No FX licence
Marshall Islands forex license: company registration only, no licensing regime
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 · By the Forex License Research Team · How we research
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: registers companies, does not license forex
None. A foreign licence or approval must be filed since 6 January 2023
View profileDominica
Financial Services Unit (FSU) for financial entities other than commercial banks and securities business; ECSRC for securities
None for forex/CFD brokerage. Securities dealing: ECSRC broker-dealer licence
View profileAntigua and Barbuda
Financial Services Regulatory Commission (FSRC): does not regulate CFD trading; ECSRC for securities
None for forex/CFD brokerage. International Business Corporation registration only
View profileNot sure which licence is right for you?
Tell us your business model and target markets. We will shortlist jurisdictions and send a fixed, itemised proposal.