Jurisdictional Updates
Quick Guide: Marshall Islands ESR Requirements for NRDEs & FMEs
If your company is registered in the Republic of the Marshall Islands (RMI), you may be required to submit an annual Economic Substance Report (ESR) to the RMI Registrar of Corporations.
Who must file?
- Non-Resident Domestic Entities (NRDEs): Entities that are tax resident in the Marshall Islands.
- Foreign Maritime Entities (FMEs): Entities that are centrally managed and controlled in the Marshall Islands.
Filing deadline:
The ESR must be filed within 12 months of the anniversary date of the entity's incorporation, formation, or registration. For example, if your entity was incorporated on June 15, the ESR will be due by June 15 of the following year.
What is required?
Annual ESR Submission: Entities must submit an annual ESR through the RMI's secure online portal.
- Information to Report:
- Whether the entity is a relevant entity.
- Whether the entity derives income from a relevant activity.
- If applicable, details of the relevant activity, including:
- Amount and type of gross income.
- Amount and type of expenses and assets.
- Number of employees.
- Whether the entity conducts Core Income-Generating Activities (CIGA) in the Marshall Islands.
Penalties for non-compliance:
Failure to file the ESR on time may result in penalties or annulment of the entity's registration.
Who can file?
The ESR can be filed by the entity's authorized representative or registered agent.
Need assistance?
If you need help preparing or filing your ESR, please don't hesitate to contact us. We're here to support you!
For more details, please see the official Marshall Islands ESR resources here: