Tentmaker Reports

Marshall Islands Report

Entrepreneurial Missions Index

23.2

General Information

Population

54,038 (178th most populous country in the world)

RELIGIONS
Protestant54.8%
Assembly of God25.8%
Roman Catholic8.4%
Bukot nan Jesus2.8%
Mormon2.1%
Other Christian3.6%
Other1.0%
None1.5%
LANGUAGES
Marshallese98.2%
Other1.8%

Industries

Copra, tuna processing, tourism, craft items

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Marshall Islands, visit https://www.cia.gov/library/publications/the-world-factbook/geos/mh.html.

Business Information

The World Bank ranks Marshall Islands as 102 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Marshall Islands.

In order to start a business in Marshall Islands, one must follow these procedures:

  1. Check the uniqueness of the proposed company name
  2. Have company charters and documents notarized
  3. Register the company with the Registrar of Companies
  4. Obtain the employer identification number at the Marshall Islands Social Security Administration
  5. Apply for a business license from the relevant licensing authority

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Marshall Islands, visit http://www.doingbusiness.org/.

 

To learn more...

 

Marshall Islands Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

Marshall Islands Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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