Micronesia Registration Advisors, International Corporate Formation Specialists

LAWS & REGULATIONS IN THE FSM

Captive Insurance

  1. Loans to parent, P.L. 16-73 signed 18Apr11
  2. Captive Insurance Manager Application, issued 22Jan10
  3. Amendment requiring all captive insurance companies to pay income tax, P.L. 16-19, signed 27Dec09
  4. Captive Class 3 amendment for MCC and CIM Licensing, P.L. 16-17 signed 11Dec09
  5. Captive Insurance Company Application Package – issued 18Jan09
  6. Captive Insurance Company Regulations, signed 5Jan09
  7. Captive Insurance Law PL 14-88 on 2Nov06 with Amendment, PL 15-34 on 28Apr08
  8. Amendment PL 14-87, to Insurance Act 14-66, signed 25Oct06
  9. Insurance Act of 2006, PL 14-66 on 20Jun06

Income Tax

  1. Corporate Income Tax Form for tax years ending after 31Mar11
  2. Corporate Income Tax regulations in Title 54, Chapter 3, dated 2Nov10
  3. Corporate Income Tax regulations for P.L. 13-71, on 10Dec09
  4. Tax Amendment for estimated tax payments, IFRS, and no audit for parents, PL 16-52, signed 12Nov10
  5. Corporate Income Tax Rate to 21% P.L. 16-36, signed on 18Jun10
  6. Amendment requiring all captive insurance companies to pay income tax, P.L. 16-19, signed 27Dec09
  7. Corporate Income Tax regulations, posted 28 October 2009, to become effective 15 December 2009
  8. Income Tax regulations effective 18 August 2009
  9. Corporate Income Tax PL 13-71 on 26Jan05 with Amendments, PL 14-110 on 30Apr07

Corporate Registry

  1. Notary amendment CB 17-49 passed by Congress 6Oct11
  2. MRA summary of FSM filing requirements
  3. FSM filing requirements and matters requiring director/shareholder voting
  4. Public Law 16-47 to allow accredited notaries. Passed 8Oct10
  5. Amendment to Title 36 Corporate Registry to reduce min directors from 3 to 1, PL 15-75 on 20Apr09
  6. Corporate Registry Act, PL 13-70 on Jan05
  7. FSM Code, Title 36, Corporate laws Chapter 1, General Provisions
  8. FSM Code, Title 36, Corporate laws Chapter 2, Registrar
  9. Corporate Registry Regulations, Title 37

Shipping

  1. Ship Registry Law, National Maritime Act 1997
  2. Ship Registry Law Amendment, PL 14-89 on 9Nov06
  3. Ship Registry Regulations, on 1Mar02

Venture Funds

  1. Venture Funds Law, PL 15-29 on 20Mar08

Foreign Investment Laws

  1. FSM Foreign Investment Law, Title 32
  2. FSM Foreign Investment Law PL 14-32 signed 2Nov05
  3. FSM Foreign Investment Regulations
  4. State of Pohnpei, Foreign Investment Law
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