Focused on streamlining compliance with regulatory requirements, the Republic of the Marshall Islands (RMI) Registrar of Non-resident Domestic Corporations (the “Registrar”) launched an Economic Substance Regulations (ESR) Reporting Portal in July 2020. The digital portal facilitates the filing of annual reports to the Registrar, part of the ESR requirements the RMI passed in 2018.

The ESRs are applicable to all non-resident domestic companies and foreign maritime entities formed in the RMI. The ESRs require that ...