All non-resident domestic entities (NRDEs) and foreign maritime entities (FMEs) are required to file an annual report on economic substance in accordance with the Republic of the Marshall Islands (RMI) Economic Substance Regulations, 2018, which came into force on January 1, 2019. Reports must be submitted within 12 months of the anniversary date of the NRDE […]
Monthly Archives: June 2020
The Shipping Law Review – Edition 7, Marshall Islands Chapter
I COMMERCIAL OVERVIEW OF THE SHIPPING INDUSTRY The Republic of the Marshall Islands is home to one of the world’s largest registries of ocean-going vessels, mobile drilling units, floating production platforms and other vessels. More than 3,000 such vessels are registered under the Marshall Islands flag, making up more than 102 million gross registered tonnage, […]