Republic of Marshall Islands
Capital: Majuro
Languages: Marshallese, English
GDP (PPP): $115 million
Currency: US Dollar
Population: 53,376
Republic of the Marshall Islands is an island country located near the equator in the Pacific Ocean, slightly west of the International Date Line. Geographically, the country is part of the larger island group of Micronesia. The country’s population of 53,158 people is spread out over 29 coral atolls, comprising 1,156 individual islands and islets. The islands share maritime boundaries with the Federated States of Micronesia to the west, Wake Island to the north, Kiribati to the south-east, and Nauru to the south. About 27,797 of the islanders live on Majuro, which contains the capital.
Micronesian colonists gradually settled the Marshall Islands during the 2nd millennium BC, with inter-island navigation made possible using traditional stick charts. Islands in the archipelago were first explored by Europeans in the 1520s, with Spanish explorer Alonso de Salazar sighting an atoll in August 1526. Other expeditions by Spanish and English ships followed. The islands derive their name from British explorer John Marshall, who visited in 1788. The islands were historically known by the inhabitants as “jolet jen Anij” (Gifts from God).
The European powers recognized Spanish sovereignty over the islands in 1874. They had been part of the Spanish East Indies formally since 1528. Later, Spain sold the islands to the German Empire in 1884, and they became part of German New Guinea in 1885. In World War I the Empire of Japan occupied the Marshall Islands, which in 1919 the League of Nations combined with other former German territories to form the South Pacific Mandate. In World War II, the United States conquered the islands in the Gilbert and Marshall Islands campaign. Along with other Pacific Islands, the Marshall Islands were then consolidated into the Trust Territory of the Pacific Islands governed by the US. Self-government was achieved in 1979, and full sovereignty in 1986, under a Compact of Free Association with the United States. Marshall Islands has been a United Nations member state since 1991.
RESEARCH
Economic Overview
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Marshall Islands: Economy | Asian Development Bank
https://www.adb.org/countries/marshall-islands/economy
Growth in the gross domestic product is forecast to improve in FY2016 and FY2017, as projected earlier, with the expected implementation of infrastructure projects funded by compact infrastructure grants and development partner assistance. Marshall Islands economy forecast to grow by 1.5% in 2016 and 2.0% in 2017.
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Marshall Islands Economy 2016, CIA World Factbook
http://www.theodora.com/wfbcurrent/marshall_islands/marshall_islands_economy.html
US assistance and lease payments for the use of Kwajalein Atoll as a US military base are the mainstay of this small island country. Tourism holds some potential.
Industry Trends & Business Climate
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Marshall Islands: Country and Foreign Investment
http://www.lowtax.net/information/marshall-islands/marshall-islands-business-environment.html
A report on the business environment in the Marshall Islands with links to other business information.
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Marshall Islands Business Environment – Ellmerson Ltd.
http://www.ellmerson.com/en/marshall-islands-business-environment
A breif commentary on the business environment with links to information on company registration, licenses and taxation
Establishing a Presence
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Marshall Islands Types of Companies – Ellmerson Ltd.
Marshall Islands: Types of Company - Global Tax & Business
A description of each of the business structures available in the Marshall Islands
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Marshall Islands company registration | The Best in the World
http://www.healyconsultants.com/marshall-islands-company-registration/
A description of the steps required to register a company and the required fees.
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Marshall Islands: Types of Company – Global Tax & Business
http://www.lowtax.net/information/marshall-islands/marshall-islands-corporate-forms.html
This site includes links for information on the business structures permitted in the Marshall Islands.
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Marshall Islands Offshore Company Formation (IBC)
https://www.offshore-protection.com/marshall-islands-company-formation
This site describes what is required to establis an Internationa Business Company (IBC) in the Marshall Islands
Taxes
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Marshall Islands Taxation – Ellmerson Ltd.
http://ellmerson.com/en/marshall-islands-taxation
See “Individual” on this site for the tax rate
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Marshall Islands: Domestic Corporate Taxation
http://www.lowtax.net/information/marshall-islands/marshall-islands-corporate-tax-introduction.html
A commentary on the corporate tax obligation in the Marshall Islands
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Marshall Islands: Personal Taxation
http://www.lowtax.net/information/marshall-islands/marshall-islands-income-tax.html
The wages and salaries tax is 8% per annum on the first US$10,400 of taxable income earned by the employee, and 12% thereafter.
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Paying Taxes in Marshall Islands
http://www.doingbusiness.org/data/exploreeconomies/marshall-islands/paying-taxes
This World Bank site provides a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes and complying with postfiling procedures.
Visas
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Visa policy of the Marshall Islands
https://en.wikipedia.org/wiki/Visa_policy_of_the_Marshall_Islands#/media/File:Visa_policy_of_the_Marshall_Islands.png
Visitors to the Marshall Islands must obtain a visa in advance unless they come from one of the visa exempt countries or countries identified on this site
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Marshall Islands Visa: Application, Requirements
https://marshall-islands.visahq.com/
Comprehensive Information on Marshall Islands Visa
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Iraq Visa and Passport Requirements
http://www.worldtravelguide.net/iraq/passport-visa
Iraq visa and passport requirements & Embassy and Colsulate addresses. Full detail on passports, visas and entry requirements for Iraq, including types, costs
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Iraq Visa: Application, Requirements
https://iraq.visahq.com/
Visa requirements and information on application
Infrastructure
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Marshall Islands — Transportation – iExplore
http://www.iexplore.com/articles/travel-guides/australia-and-south-pacific/marshall-islands/transportation
Majuro and the rest of the Marshall Islands use a shared taxi system where visitors can hail vehicles already filled with passengers. Majuro cab rates are unregulated, so fares vary depending on the distance.
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Marshall Islands Transportation – VirtualTourist
https://www.virtualtourist.com/travel/Australia_and_Oceania/Marshall_Islands/Transportation-Marshall_Islands-MISC-BR-1.html
3 reviews and photos of getting around Marshall Islands from real travelers and locals.
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Home [www.ntamar.net]
https://www.virtualtourist.com/travel/Australia_and_Oceania/Marshall_Islands/Transportation-Marshall_Islands-MISC-BR-1.html
This is the National Telecommunications Authority (NTA) site
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Telecom News – CommsUpdate Marshall Islands
https://www.telegeography.com/products/commsupdate/lists/country/marshall-islands/
Current news items on the telecom industry in the Marshall Islands
Employer Obligations
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Labor Market Regulation in Marshall Islands
http://www.doingbusiness.org/data/exploreeconomies/marshall-islands/labor-market-regulation
This World Bank site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Marshall Islands.
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Guide to Law Online: Marshall Islands
http://www.loc.gov/law/help/guide/nations/marshall.php
A guide to the laws of the Marshall Islands from the US Library of Congress
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Labor Market Regulation in Marshall Islands
http://www.doingbusiness.org/data/exploreeconomies/marshall-islands/labor-market-regulation
This World Bank site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Marshall Islands.
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Guide to Law Online: Marshall Islands
http://www.loc.gov/law/help/guide/nations/marshall.php
A guide to the laws of the Marshall Islands from the US Library of Congress
Culture/Living
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Cost of Living in Marshall Islands
https://www.numbeo.com/cost-of-living/country_result.jsp?country=Marshall+Islands
Average prices of more than 40 products and services in Marshall Islands .
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Climate of the World: Marshall Islands
http://www.weatheronline.co.uk/reports/climate/Marshall-Islands.htm
The climate of the Marshall Islands can be described as a typical warm, tropical climate with two different seasons. The dry season is between December and April; the rainy season lasts from April to December
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Weather and Climate: Marshall Islands
https://weather-and-climate.com/average-monthly-Rainfall-Temperature-Sunshine-in-Marshall-Islands
Weather and Climate information for Marshall Islands. Average monthly Rainfall, Sunshine, Temperatures, Humidity, Wind Speed
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Marshall Islands travel advice – GOV.UK
https://www.gov.uk/foreign-travel-advice/marshall-islands/safety-and-security
Latest travel advice for Marshall Islands including safety and security, entry requirements, … There is a low level of crime in the Marshall Islands.
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Marshall Islands → What You Should Know Before You Go!
https://www.worldnomads.com/travel-safety/oceania/marshall-islands/travel-to-the-marshall-islands
Advice for travelers to the Marshall Islands on a variety of topics
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Marshall Islands Education System
http://www.classbase.com/countries/Marshall-Islands/Education-System
Education in the Marshall Islands, that form part of the United Nations Trust Territory of the Pacific Islands is compulsory for the first 8 years and this phase is generally complete by age 14.Â
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Education And Liberal Arts College in Marshall Islands
https://www.universities.com/find/marshall-islands/best/education-and-liberal-arts
site provides a list of all 1 Education And Liberal Arts school available in Marshall Islands.Â
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Marshall Islands Living Cost – LIVING COST
http://www.livingcost.net/country/marshall-islands/
Marshall Islands cost of living and prices on all products groups and services. Prices comparison.
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Culture of Marshall Islands – history, people, traditions
http://www.everyculture.com/Ma-Ni/Marshall-Islands.html
A commentary on the culture and customs of the people of the Marshall Islands
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Marshall Islands: Tipping & Etiquette
https://www.tripadvisor.com/Travel-g301392-s606/Marshall-Islands:Tipping.And.Etiquette.html
Advice on dining etiquette in the Marshall Islands
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Marshall Islands Public Holidays 2016 and 2017
http://publicholidays.asia/marshall-islands/
Discover the complete list of Marshall Islands’ public holidays for 2016 and 2017.
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Marshall Islands public holidays in 2017Â
https://www.flightpedia.org/holiday/marshall-islands-public-holidays-2017.html
Overview of holidays and many observances in Marshall Islands during the year 2017.
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The World Factbook — Central Intelligence Agency
https://www.cia.gov/library/publications/the-world-factbook/geos/rm.html
See “People and Society” on this CIA site
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Marshall Islands – Government, Economy, Demographics
http://country-facts.findthedata.com/l/100/Marshall-Islands
Facts and statistics on the population of the Marshall Islands
Trade
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Marshall Islands customs
https://marshall-islands.visahq.com/customs/#!import-regulations
Marshall Islands Customs regulations and procedures for importing and exporting goods at the border
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IATA – Marshall Islands Customs, Currency & Airport TaxÂ
https://www.iatatravelcentre.com/MH-Marshall-Islands-customs-currency-airport-tax-regulations-details.htm
Customs information for individuals entering the Marshall Islands
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Customs: Regulations, Export-Import
https://cape-verde.visahq.com/customs/
A summary of import and export regulations
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Marshall Islands – U.S. Department of State
http://www.state.gov/e/eb/rls/othr/ics/2012/191946.htm
This US Department of State provides information on the US trade relationship with the Marshall Islands
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South Pacific Regional Trade and Economic Co-operation
https://en.wikipedia.org/wiki/South_Pacific_Regional_Trade_and_Economic_Co-operation_Agreement
A nonreciprocal trade agreement in which Australia and New Zealand offer duty-free and unrestricted access for specified products originating from the developing island member countries of the Pacific Islands Forum that includes the Marshall Islands
Housing and Rentals
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The 5 Best Hotels in Marshall Islands
https://www.tripadvisor.com/Hotels-g301392-Marshall_Islands-Hotels.html
166 traveler reviews, candid photos, and prices for 8 hotels in Marshall Islands.Â
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How to Find an Apartment in Marshall Islands
http://www.visahunter.com/housing/how-to-find-an-apartment-in-marshall-islands/
Advice for apartment hunters in the Marshall Islands
Travel
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Marshall Islands Travel Guide and Travel Information
http://www.worldtravelguide.net/pacific-islands-micronesia/marshall-islands
Expert Marshall Islands travel guide including detailed information about everything you need to know about Marshall Islands.
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Marshall Islands 2016: Best of Marshall Islands Tourism
http://www.travelandleisure.com/travel-guide/marshall-islands
TripAdvisor has 332 reviews of Marshall Islands Hotels, Attractions, and Restaurants making it your best Marshall Islands resource.
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